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2023-09-30-accounts

Charity number: 1091821

CHRIST THE LORD TABERNACLE

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 September 2023

CHRIST THE LORD TABERNACLE Contents Page For the year ended 30 September 2023

Report of the Trustees 1 to 2
Independent Examiner's Report to the Trustees 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10

CHRIST THE LORD TABERNACLE Report of the Trustees

For the year ended 30 September 2023

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 September 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The charity is constituted under a trust deed dated 18th September 2001 and is a registered charity number 1091821.

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

(b) The relief of persons who are in conditions of need, poverty or hardship, who are young or aged in the Uk and other parts of the world.

(c) To advance education in accordance with christian principles in the Uk and other parts of the world.

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

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS IN THE YEAR

The ministry continued to meet regularly and God was confirming His word with signs and wonders. We will continue to focus on the objectives of the charity.

FINANCIAL REVIEW

The net income for the year amounted to a surplus of £418.66 all of which was attributable to general reserves.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity CHRIST THE LORD TABERNACLE Charity registration number 1091821 Principal address 57 KIMBOLTON CLOSE LEE GREEN LONDON SE12 0JH

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent examiner

Miss Alice Ajibolorunrin Mr Oladipo Martins Ms Taiwo Kassim Rev Jimson Akande CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF

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CHRIST THE LORD TABERNACLE Report of the Trustees Continued For the year ended 30 September 2023

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

............................................................................. Ms Taiwo Kassim

14 March 2024

2 of 10

CHRIST THE LORD TABERNACLE Independent Examiners Report to the Trustees

For the year ended 30 September 2023

I report to the trustees on my examination of the accounts of the charity for the year ended 30 September 2023.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY

LONDON SE7 7SF

14 March 2024

3 of 10

CHRIST THE LORD TABERNACLE Statement of Financial Activities

For the year ended 30 September 2023

Notes
Income and endowments from:
Donations and legacies
2
Investments
3
Total
Expenditure on:
Charitable activities
4/5
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
45,266
387
45,653
(45,234)
(45,234)
419
33,211
33,630		 2022
£
54,808
28
54,836
(51,226)
(51,226)
3,610
29,601
33,211

4 of 10

CHRIST THE LORD TABERNACLE Statement of Financial Position As at 30 September 2023

Notes
Fixed assets
Tangible assets
9
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
10
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted income funds
11
Total funds		 £
2023
988
988
35,773
35,773
(3,131)
32,642
33,630
33,630
33,630
33,630		 £
2022
1,317
1,317
34,913
34,913
(3,019)
31,894
33,211
33,211
33,211
33,211

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Miss Alice Ajibolorunrin Trustee 14 March 2024

5 of 10

CHRIST THE LORD TABERNACLE Notes to the Financial Statements

For the year ended 30 September 2023

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

CHRIST THE LORD TABERNACLE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:

Fixtures and fittings 25% Reducing balance

2. Income from donations and legacies

Unrestricted funds
Donations received		 2022
2023
£
£
54,808
45,266
54,808
45,266

3. Investment income

Unrestricted funds
Bank interest receivable		 2023
£
387
387		 2022
£
28
28

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CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued

For the year ended 30 September 2023

4. Costs of charitable activities by fund type

4. Costs of charitable activities by fund type
Unrestricted funds
Evangelism
5. Costs of charitable activities by activity type
Activities undertaken directly
Evangelism
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
7. Staff costs and emoluments
Total staff costs for the year ended 30 September 2023 were:
Salaries and wages
Pastor		 2023
£
45,234
2023
£
45,234
2023
£
329
2023
£
25,967
25,967
2023
1
1		 2022
£
51,226
2022
£
51,226
2022
£
439
2022
£
22,808
22,808
2022
1
1

8. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

7 of 10

CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued

For the year ended 30 September 2023

9. Tangible fixed assets

Cost or valuation
At 01 October 2022
At 30 September 2023
Depreciation
At 01 October 2022
Charge for year
At 30 September 2023
Net book values
At 30 September 2023
At 30 September 2022		 Fixtures and
fittings
£
8,479
8,479
7,162
329
7,491
988
1,317

10. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 2,231 2,119
Accruals and deferred income 900 900
3,131 3,019

11. Movement in funds

Unrestricted Funds

General
General
Unrestricted Funds - Previous year
General
General		 Balance at
01/10/2022
£
33,211
33,211
Balance at
01/10/2021
£
29,601
29,601		 Incoming
resources
£
45,653
45,653
Incoming
resources
£
54,836
54,836		 Outgoing
resources
£
(45,234)
(45,234)
Outgoing
resources
£
(51,226)
(51,226)		 Balance at
30/09/2023
£
33,630
33,630
Balance at
30/09/2022
£
33,211
33,211

8 of 10

CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued

For the year ended 30 September 2023

Purpose of unrestricted Funds

General

Unrestricted general funds - comprising funds which can be used in accordance with the charitable objects at the discretion of the trustees.

12. Analysis of net assets between funds

Unrestricted funds
General
General
Previous year
Unrestricted funds
General
General		 Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
988
32,642
33,630
988
32,642
33,630
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
1,317
31,894
33,211
1,317
31,894
33,211

9 of 10

CHRIST THE LORD TABERNACLE Detailed Statement of Financial Activities

For the year ended 30 September 2023

INCOME AND ENDOWMENT
Donations and legacies
Donations
Gift Aid
Building Funds
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Depreciation - owned assets
Rent & Rates
Evangelism
Missions
Honorarium
Pastoral Allowance
Donation to Charities
Benevolence, Welfare & Support
Travel & Motor Expenses
Postage and Stationery
Books & CDS
Professional Fees
Repairs & Renewals
Bank Charges
Accountancy Fees
Subscription
Media and Publicity
Cleaning
Insurance
Total resources expended
Net Income		 £
2023
35,100
9,185
981
45,266
387
387
45,653
(329)
(8,656)
(764)
(1,592)
-
(25,967)
(50)
(2,189)
(1,063)
(250)
(67)
(1,194)
(404)
(68)
(900)
-
-
(1,454)
(287)
(45,234)
(45,234)
419		 £
2022
39,282
13,771
1,755
54,808
28
28
54,836
(439)
(5,260)
(3,127)
(3,464)
(500)
(22,808)
(100)
(10,976)
(462)
(96)
(100)
(1,875)
(629)
(45)
(900)
(100)
(292)
(53)
-
(51,226)
(51,226)
3,610

10 of 10 This page does not form part of the statutory financial statements