Charity number: 1091821
CHRIST THE LORD TABERNACLE
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 September 2024
CHRIST THE LORD TABERNACLE Contents Page For the year ended 30 September 2024
| 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 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 September 2024. 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:
(a) The advancement of the Christian faith in the Uk and in other parts of the world.
(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.
(d) Such other exclusively charitable purposes as the trustees may see fit.
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 deficit of £2779.83 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 2024
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Ms Taiwo Kassim
15 January 2025
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CHRIST THE LORD TABERNACLE
Independent Examiners Report to the Trustees
For the year ended 30 September 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 30 September 2024.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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
15 January 2025
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CHRIST THE LORD TABERNACLE Statement of Financial Activities For the year ended 30 September 2024
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Charitable activities 4/5 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 53,450 630 54,080 (56,860) (56,860) (2,780) 33,630 30,850 |
2023 £ 45,266 387 |
|---|---|---|
| 45,653 | ||
| (45,234) | ||
| (45,234) | ||
| 419 33,211 |
||
| 33,630 |
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CHRIST THE LORD TABERNACLE Statement of Financial Position As at 30 September 2024
| 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 |
£ 2024 1,550 1,550 32,430 32,430 (3,130) 29,300 30,850 30,850 30,850 30,850 |
£ 2023 988 |
|---|---|---|
| 988 | ||
| 35,773 | ||
| 35,773 | ||
| (3,131) 32,642 |
||
| 33,630 | ||
| 33,630 | ||
| 33,630 | ||
| 33,630 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Miss Alice Ajibolorunrin Trustee
15 January 2025
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CHRIST THE LORD TABERNACLE Notes to the Financial Statements
For the year ended 30 September 2024
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).
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:
Costs of generating funds
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 |
2023 2024 £ £ 45,266 53,450 45,266 53,450 |
|---|---|
3. Investment income
| Unrestricted funds Bank interest receivable |
2024 £ 630 630 |
2023 £ 387 |
|---|---|---|
| 387 |
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CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued For the year ended 30 September 2024
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 2024 were: Salaries and wages Pastor |
2024 £ 56,860 2024 £ 56,860 2024 £ 517 2024 £ 29,197 29,197 2024 1 1 |
2023 £ 45,234 2023 £ 45,234 2023 £ 329 |
| 2023 £ 25,967 |
||
| 25,967 | ||
| 2023 1 |
||
| 1 |
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued
For the year ended 30 September 2024
9. Tangible fixed assets
| Cost or valuation At 01 October 2023 Additions At 30 September 2024 Depreciation At 01 October 2023 Charge for year At 30 September 2024 Net book values At 30 September 2024 At 30 September 2023 |
Fixtures and fittings £ 8,479 1,079 |
|---|---|
| 9,558 | |
| 7,491 517 |
|
| 8,008 | |
| 1,550 | |
| 988 |
10. Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2024 £ 2,230 900 3,130 |
2023 £ 2,231 900 |
|---|---|---|
| 3,131 |
11. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| General General |
Balance at 01/10/2023 £ 33,630 33,630 |
Incoming resources £ 54,080 54,080 |
Outgoing resources £ (56,860) (56,860) |
Balance at 30/09/2024 £ 30,850 |
| 30,850 |
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CHRIST THE LORD TABERNACLE Notes to the Financial Statements Continued For the year ended 30 September 2024
Unrestricted Funds - Previous year
| General General |
Balance at 01/10/2022 £ 33,211 33,211 |
Incoming resources £ 45,653 45,653 |
Outgoing resources £ (45,234) (45,234) |
Balance at 30/09/2023 £ 33,630 |
|---|---|---|---|---|
| 33,630 |
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 £ £ £ 1,550 29,300 30,850 |
|---|---|
| 1,550 29,300 30,850 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 988 32,642 33,630 |
|
| 988 32,642 33,630 |
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CHRIST THE LORD TABERNACLE Detailed Statement of Financial Activities
For the year ended 30 September 2024
| 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 Pastoral Allowance Donation to Charities Benevolence, Welfare & Support Travel & Motor Expenses Postage and Stationery Books & CDS Professional Fees Repairs & Renewals Bank Charges Accountancy Fees Advert & Media Cleaning Insurance Total resources expended Net Expenditure |
£ 2024 44,684 7,946 820 53,450 630 630 54,080 (517) (10,490) (2,714) (4,495) (29,197) (500) (3,300) (1,152) (39) (158) (1,070) (384) (97) (900) (190) (1,657) - (56,860) (56,860) (2,780) |
£ 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 |
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This page does not form part of the statutory financial statements