2024-03-31-accounts

REGISTERED CHARrri NUklBER: 1082686 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 FOR GODsfoNE TABERNACLE (form•rly Handcroft Chawl) Able & youn8 Chartered Certifled Accountants Alrport house Puriey Way Surrey CRO OXZ

GODsfoNE TABERNACLE coiirENTS OF THE FINAMCIAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustee5 Independent ExJmlnerfs Roport Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statem•nts 7 to 11 Detalled St•t•m•nt of Flnanclal Actlvltles 12

GODsfoME TABERNACLE REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr report with the flnancial statements of the charity for the year ended 31 March 2024. The (rusiees have adopted the provlslons of Accounting and Reporting by Charltles: Statement of Recommended Practlce applicable to charities prepadng their accounts in accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland (FR5 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES The charlty Is established for the advancement of the Christian religlon both In South London and overseas, and secondarily for the rellef of need, hardshlp and distress. The diarlty owns a place of worshlp where twlce weekly Blble based Chrlstian teachlng 15 provided. se￿Ces are open to all. SeThlce5 are streamed Ilve via the internet to those who might not be able to attend in person and to many other churches overseas. Addltlonally, we have an archive faclllty on the church website which allows a wider audience to ew serylces later should they wish to. The charlty offers a variety of other resources Includlng, help and guidance to young people, regular youth activities, Christlan counsellinq> Sunday School classe5, marrlage guldance and hosts occasional celebratory events. The Trustees are satlsfled that the chadty has perforn￿d weu thls year and dellvered publlc beneflt. ACHIEVEMENT AND PERFORMANCE The congregation attendlnq local services has slowly Increased and is now close to 150. Thls Is mostly as a result of few congregants from Nlgerla and their famllles movlng into the area. We contlnue to have many overseas groups and churches hook up to our online Se￿CeS and all the serylces are translated into French, Span15h, Romanian, Swahlll and Hindi. Our webslte Is actively malntalned and updated on a dally basls by an experienced group of technicians. It Is an exiremely well.used faclllty and used by both local member5 and our overseas membershlp many of whom help support the charity flnanclally. It is of partlcular value to those who are 5kk, elderly or disabled and WI￿ cannot easily travel to the seNces. As well as conductin8 twlce weekly servlces on Sundays and Wednesday evenings, the church also provldes youth servlces and actiwties whlch are arranged by the Youth Mln15try Team at regular Intervals Ihrouqhout the year. Every Sunday there15 a Sunday School class for chlldren of 3.11 years and "Alpha Classes ' for the 11-16-year age group. We also have a creche facllity for mother5 wlth younq babies and a discreet area wlthln the creche facllity that Is set aslde for breast feedlng mothers. We malntain an ongolng commitment to overseas misslonary w￿rk and have admlnlstered financial as515tance to a number of churches In Afrlca to help support conventions of afflllated churches In the Democratic Republic of the Conso, South Africa, Indla, Kenya, Chile, Ghana and Romanla. Our Impact on the local communlty Is achleved principally by provldln8 a place of worshlp and twlce weekly services which are open to all. As mentloned previously, we contlnue to provide marrla8e guldance, counselllng, mental health SUPFK)rt for Y(￿n9 people, splrltual help a5 and when needed. In addition we endeavour to relleve hardship? and provlde help and support for those sufferlng dlstress, the elderly, those Ilvln8 In poverty, and the sltk or dlsabled. Followlng a vote of the trustees and the approval of the Chartty Commission the narne of the charlty was chan8ed from Godstone Tabernacle to Godstone Tabernacle to better allgn It wlth the local area. FINANCIAL REVIEW Durlng thls financlal year the largest Increase in expendlture has been related to repair and renew parts of the church bullding. We have undertaken roof repairs, the redecoration of the ancillary hall and Ihe Ir*stallatlon of a large LED screen In the main sanctuary as a vlsual ald durlng servlces. M15s1onary travel costs have also Increased somewhat due to a sllght Increase in overseas meetings, as have our energy costs I due to the general increases energy provlders have imposed l and also the cost of our mortgage whlch Is now on a variable tarfff. Investrnent pollcy and objectfves The trust deed authorises the Irustees to make and hold1nYestments uslng the 8eneral funds of the charfty, but no such Investments are presently held. Re5eNes pollcy It Is the pollcy of the charity to maintaln unrestricted fundg at a level whlch equates to approxirnately £15,cilO unrestrkted expendlt¢Jre. This prO￿deS 5uffldent funds to cover management, admlnistration and suppjrt C05tS. Unrestrlcted funds are maintained at least at this level throughout the year. Paqe 2

srRUCTURE, GOVERNANCE AND MANAGEMEtrir Govornlng document The charlty was established by Pastor Kevin Blewett on 4 February 1996 and Is constituted by a deed of trust, and was reglstered with the Charity Commission in September 2(th. (Change of Name) Recrultment and appolntment of new truste The trustee5 are appointed from the membershlp of the church on an annual basls In accordance wlth the constitutlon. Rlsk management The trustees Identlfy and revlew the rlsks to whlch the charlty Is exposed and ensure appropriate controls are In place to provlde reasonable assurance against fraud and error. REFERENCE AND ADMINISTrATIVE DEfAILS RÈglstèr•d Charlty number 1082686 Prlnclpal address Godstone Tabernacle Sylverdale Road Puriey Surrey CR8 2DT Trustees R J h*Kle (Deceased 25th Sept 20231 A Shepherd-Prfnce W Chapman Dr IA O Kin8 Ichalrmanl L Scrf)salpllal S Shehu-Dlsu Independent Examlner Rekha Shah FCCA, CTA Able & Youni Ltd Chartered Certlfled Accountants Airwrt house Purley Way Croydon CRO OXZ Secretary Simeon Blewett Treasurer Mark Njoroge STATEMENT OF TRUSTEES, RESPONSIBILMES The trustees are responsible for preparin8 the Report of the Trustees and the financlal statements In accordance wlth appllcabLe law and United Klngdom Accountlng Standards Iunlted Klngdom Generally Accepted Accounting Practlcel. The law appllcable to charltles in England and Wales, the Charities Act 2011, Chèrity {Accounts and Reports) ReguLatlons 2(K)B and the provlsions of the trust deed requlres the trustees to prepare flnanclal statements for each fIna￿la1 year which live a true and falr vlew of the state of affalrs of the charity and of the incomlng resources and applicatlon of resources, includlng the income and expendlture, of the charlty for that perlod. In preparlng those financlal statements, the trustees are requlred to select 5thtable accountlng FM)licies and then apply them con515tently; observe the methods and prfnclples in the Charlty SORP" make judgements and estimates that are reasonable and prudent. prepare the financlal statements on the golng concern basls unless it Is Inappropriate to pre5urne that the charlty 11 continue In business. Page 2

r￿)DsflK TABERNACLE REPORT OF THE TRvsfEES FOR THE YEAR ENDED 31 IAaRCH 2024 ATEMEKf ￿ TRiisfEES RESPONSIBILMES. contIn￿l The trLthes are responslble keepln8 prow attountlng rec£Yds vthich dlsdose wlth rea50nhbie acanry at J¥ty tITr the flnanrial posltlrffl of the chadty 8nd to enable them to erBure that flnaKial ststements coThyly wlth thecharltles kt 2011. the Charlty {h£counts and Rewt$Tr RewAat¥Ms 2(th aThl the of the tnJSt deed. TW a respxinslble for 54feguafdlng the assets of the d￿rtty and hence fcr t4￿r& reasonable steps for the prevent dEtert)n of fraud and other Irre8ularltlè wroved by Oftler of the board of trustee5 and siyl on Its behalf by. Dr O Kln8 . Tnjstee 301.,Iz02S

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF GoD￿th¥E TABERNACLE Independent examlnerfs report to the trustees of Godstone TabernKle I report to the charliy trustees on my examlnatlon of the accounts of Godstone Tabernacle {Ihe Trust) for the year ended 31 March 2024. Resp0nslbllltl￿ and ba515 of report As the charity trustees of the Tw5t wu are responsible for the preparation of the accounts In accordance wlth the requlrements of the Charitie5 Act 20111.the kt'i. I report in respect of my examlnation of the Trust's accounts carrled out under 5ectlon 145 of the Act and In Car￿n2 out my examinatlon I have followed all applicable Dlrectlons 8iven by the Charity Commlsslon under sectlon 1451511b) of the Act. Independent examlnees statement Slnce your charitls gross Income exceeded £250,IXY) your examlner must be a member of a listed body. I can conflrn) that l am qualified to undertake the examination because l am a registered member of Chartered Accountant whlch is one of Ihe Ilsted bodles. I have completed my examlnatlon. I confirm that no material matters have come to my attentlon In connection with the exarnlnatlon glvlng me cause to belleve that in any materlal respect.. accountlng records were not kept In respect of the Trust as requlred by sectlon 130 of the Act. or the accounts do not accord vAth those records. or the accounts do not comply vhth the appllcable requirements concernlng the form and content of accounts set out In the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts glve true and fair vlew whlch Is not a matter considered as part of an independent examlnation. I have no concerns and have come acro55 no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlnl of the accounts to be reached. Rekha Shah FCCA, CTA Able & Young Chartered Certlf1ed Accountants Alrport house Purley way Croy¢J)n CRO OXZ liozs Page 4

Go￿oNE TABERNACLE srATEMENT OF FINANCIAL ACTivmES FOR THE YEAR EMDED 31 MARCH 2024 2024 Total funds 2023 Total fund5 Unrestrlcted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donat?ons and legades 347,681 347,681 341.408 Investment income Other income 539 539 2,699 Total 348,220 348,220 34,107 EXPENDITURE ON Other 368 255 335 207 NEf INCOAIE 120,035) 120,0351 8,900 RECONCILIATION OF FUNDS Totsl fund$ brought fon¥ard 820,075 125,277 945,353 936,453 TOTAL FUNDS CARRIED FORWARD 125 277 925 317 The notes form part of these flnancial statements Page 5

BALANCE gIErr 31 IURCH 2024 20Z3 Total Totsl fun(ts l￿d funds T￿g￿le as%ets 910,105 115,277 1.035.382 1,042 576 CURREKf ASSErs Debtors Cash at bank and in hand 52,210 52,210 52,969 116,388 116,888 125,786 CRED￿ An¥wnts fallir¥J due wlthln one yNr 139,397) 139.3971 125,3451 NEf CURREKf ASSErs TOTAL ASSEfs LESS CVRREKf UABILrnES 987.596 12S,277 1,112.8f3 1.143,018 Amounts falllry due after n￿re than one year (187,556) 1187,556) 1197,6671 125,277 925,317 945,353 FUNDS Unrestrlcted funds Restrtcted fvnds: Ildlng furrfl 820,075 TOTAL FUNDS The flnandal stateTr￿nts were Ipwoved by the Bo¥d of Tntstees and autknrised for issue on January 2025 and were ne&4n Its Ixhalf by: Dr 1•attl￿ O - T The Mtes ftrn part of the* flnandal statanents Page 6

GoD￿ONE TABERNACLE NOTES TO THE FINANCIAL sfATEMENT5 FOR ThE YEAR ENDED 31 AIARCH 2024 AccouKnNG POLICIES B•sls of preparfng the flnancl•l ststementS The flnandal statement5 of the charity, whkh Is a wbllc benefit entity under FRS 102, have been prepared In accordance wlth the Charltles SORP {FRS 1021 Accounting and Rerx)rting by Charlties: Statement of Recommended Practice appllcable to charities preparlng thelr accounts In accordance wlth the Financlal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffectlve 1 January 20191,, Financlal Reportlng Standard 102 The Flnancial Reportlng Standard appllcable In the UK and Republic of Ireland, and the Charltles Act 2011. The flnancial statements have been prepared under the hi5torkal cost conventlon. Income All Income Is recognised in the Statement of Flnanclal *£tlvltie5 once the charfty has entitlewent to the funds, It is probable that the income wlll be received and the amount can be rneasured reliably. Expendlture Liabllltle5 are recf4nlsed as expenditure as swn as there is a leqal or constructive obllgatlon committin8 the charlty to that expendlture, It Is probable that a transfer of economic benefits wlll be required In settlement and the amount of the obllgatlon can be measured rellably. Expenditure 15 accounted for on an accrua15 basls and ha5 been classlfied under headln8S that a8greiate all cost related to the category. Where costs cannot be directly attributed to partlcular headin8S they have been allocated to actfvitles on a basls conslstent with the use of resources. Tanglble flxed assets Depreciation Is provlded at the followlng annual rate5 In order to wrlte off each asset over Its estimated useful Ilfe. Freehold property Fixtures and flttlngs Equlpment in accordance with the property 25% on cost 25% on cost Taxatlon The chartty Is exempt from tax on Its charitable actlvltles. Fund accountlng Unre5trlcted funds can be used in accordance with the charitable obJe¢tlves at the dlscretion of the trustees. Restrlcted fund5 can only be used for partlcular restricted purpose5 Wlthin the objects of the charlty. Restrictions arlse when speclfled by the donor or when funds are raised for partlcular restricted purposes. Further explanatlon of the nature and purpose of each fund Is Included in the notes to the flnanclal statements. IMVESTMEKf INCOME 2024 2023 Dep051t account Interest 539 Page 7 continued...

GODsfoNE TABERNACLE NOTES TO ThE FINANCIAL STATEMENT5 . contlnued FOR THE YEAR EMDED 31 MARCH 2024 TRusfEES' REIAUNERATION AND BENEFITS There was no trustee's remunewatlon or other beneffts for the year ended 31 lknrch 2024 nor for the year ended 31 March 2024. TnIst0￿. éxpenses None were clalmed. COAIPARATIVES FOR THE sfATEMElff OF FINANCIAL AcrivmES Unrestrlcted fund Re5trlcted funds Total fund INCOME AND ENDOWMEMTS FROM Donatlons and legacles 341,408 341,408 Investment Income Other Income Total 344,107 344,107 EXPENDITURE ON Ofher 335,207 335,207 NEf INCOME 8,900 RECONCILIATION OF FUNDS Total funds bro￿ht foThvard 811,175 125,277 936,453 TOTAL FUNDS CARRIED FORWARD 820 075 945 353 TANGIBLE FIXED ASSErs Fixtures and flttlnqs Freehold property Equlpment Totals cosr At 1 Aprll 2023 Addltlons DIsp05als 1,134,256 74,088 1,018 124,559 7,447 1,332,903 8,465 At 31 March 2024 1 134 256 1 341 368 DEPRECIATION At l Aprll 2023 Charge for year Disposals 104,031 10,302 70,351 1,091 115,945 4,265 290,327 15,658 At 31 March 2024 114 333 120 210 305 985 Nrr BOOK VALUE At 31 Jmarch 2024 1 019 922 1 035 382 At 31 March 2023 1030 224 1 042 576 Page 8 contlnued...

GODsfoNE TABERNACLE NOTES TO THE FINANCIAL sfATEMEKfs - contlnued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AhlOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 9) Other credltors 11.333 12,490 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans Isee note 91 197 667 LOANS An analysls of the maturlty of loans Is glven below: 2024 2023 Amounts fallinq due wlthln one year on demand: Bank loans Amounts fa111n8 due in more than flve years: Repayable by instalments: Mortgaie 187,556 197,667 10. SECURED DEBTS The mortgase Is secured on the freehold property. AIOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 820,075 120,035) 8LN),040 Restrlcted funds Buildlng fund 125.277 125,277 TOTAL FUNDS 945 353 20 035> 925 317 Page 9 continued.

GODsfoNE TABERNACLE NOTES TO THE FINANCIAL ￿ATEthENTs - contlnued FOR THE YEAR ENDED 31 AIARCH 2024 MI)VEMEtrif IN FUNDS - contlnued Net movement In funds, included In the al)ove are as follows: Intornlnq resources Re50urce5 expended klovement In funds Unre5trlcted funds General fund 348,220 {368,255) 120,0351 TOTAL FUNDS 348 220 368 2551 20 0351 ComparJtfvès for movement In fund5 Net movement in fund5 At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 811,175 8,900 820,075 Restrlcted funds Buildlnq fund 125,277 125,2TI TOTAL FUNDS 936 453 Comparatlve net movement In funds, included in the above are as follows: Incomln8 resources Resources expended Movement In funds Unrestrleted funds General fund 344,107 1335,2071 TOTAL FUNDS 335 2071 A curreni year 12 months and prSor year 12 months cornbined p051rlon Is as follows.. Net mvement In funds At 31.3,24 At 1.4.22 Unre%trlcted funds General fund 811,175 (11 135) Restrfcted funds Buildlng fund 125,277 125,277 TOTAL FUNDS 936 453 11 135) 925 317 Page 10 continued...

GODSTONE TABERNACLE NOTES TO THE FIMANCIAL ¥fATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. IOVEMENT IN FUNDS- contlnu•d A current year 12 months and prior year 12 months comblned net movement In funds, included In the above are s follows: Incomlnq resource5 Resources expended Movement In fund5 Unrestrlcted funds General fund 692,326 (703,4621 111,1351 TOTAL FUNDS 692 326 704 3901 11 1351 12. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2024. Page 11