Registered Charity No – 1102945
Faith Tabernacle Trustees’ Report and Accounts 31 October 2020
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| Independent Examiners’ Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2020
| Trustees | 1. Sola Dawkins |
|---|---|
| 2. Rev Kevin Dawkins | |
| 3. Antoinette Stapleton | |
| Charity registered Number | 1102945 |
| Date of charitable registration | 30 March 2004 (Re-registered 27 September 2011) |
| Principal office | Suite 176, 176 Station Road |
| Harrow | |
| HA1 2RH | |
| Secretary | |
| Independent examiners | Patsy Alexander MSC ACMA |
| C/O Good to Give Limited | |
| Suite 7 Fifth Floor | |
| West World | |
| W5 1DT | |
| Bankers | Reliance Bank |
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2020
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Believers Home Chapel for the year ended 31 October 2020. The Board of Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management
The 3 Trustees are:
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Sola Dawkins
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Rev Kevin Dawkins
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Antoinette Stapleton
The Trustees play a primary role in ensuring good governance and functioning of the charity. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory Board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
Faith Tabernacle’s Memorandum and articles of association was incorporated on 13[th] October 2003 and amended by special resolution 29 January 2001. The organisation first registered as a charity on 30[th] March 2004 and re-registered on 27 September 2011.
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.
Much of the charity’s work focuses upon the promotion of the Christian faith, the prevention or relief of poverty, education and training.
The Board of Trustees seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The charity sought to identify those who would be willing to become trustees of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principle risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s).
The Trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate significant risks that may arise (where applicable).
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2020
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
The principal purpose of the Church is the advancement of the Christian faith
The Church may also provide education and training, the prevention or relief of poverty, religious activities and carry out other charitable purposes throughout London.
In reviewing the objectives and planning the activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing the objectives as set out above. The Trustees consider the current activities as detailed in this report deliver public benefit.
The main objectives for the year were:
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Provide education and training
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Provide services
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Provide advocacy, advice and information
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Other charitable activities
Grant Making Policies:
The church provides support to members of the congregation (at the discretion of the leadership team) who are in need.
Achievements and performance:
The main achievements during the past year have been to continue to advance the Christian faith, to help educate young people in London through their leisure time activities in order to develop their physical and mental capacities, allowing them to mature and improve their quality of life in society.
Plans for Future Developments:
Future priorities are being considered by the Trustees in association with the church leadership team. By this approach it is possible to move forward in a way which builds on current achievements in advancing the Christian faith. The Trustees give thanks to God for what has been achieved so far and, under God’s guiding hand, look to nurture and grow the Ministry to meet the needs and aspirations of Christians in the UK and worldwide.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2020
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that:
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There is no relevant information of which the Charity's independent examiner are unaware; and we have
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taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
Independent Examiner:
The Charity's independent examiner, Patsy Alexander MSC ACMA C/o Good to Give LTD, has indicated their willingness to continue in office and offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
………………………
Dated:
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 OCTOBER 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAITH TABERNACLE
I report on the financial statements of the charity for the year ended 31 October 2020 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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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 a review of the accounting records kept by the Group/Charity 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 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 accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
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have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Dated:
Patsy Alexander MSC ACMA
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STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 OCTOBER 2020
| Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 2 General offerings 38,212 - 38,212 32,527 Gift Aid - - - - Other Income - - - Total Incoming resources 38,212 - 38,212 32,527 Resources expended Direct charitable expenditure 21,116 - 21,116 32,690 Governance costs 1,200 - 1,200 1,200 Total Resources expended 22,316 - 22,316 33,890 Movement in total fund for the year- Net income / (expenditure) For the year 15,896 - 15,896 (1,363) Fund balance brought forward 901 - 901 2,264 Fund balance carried forward 16,797 - 16,797 901 |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 2 General offerings 38,212 - 38,212 32,527 Gift Aid - - - - Other Income - - - Total Incoming resources 38,212 - 38,212 32,527 Resources expended Direct charitable expenditure 21,116 - 21,116 32,690 Governance costs 1,200 - 1,200 1,200 Total Resources expended 22,316 - 22,316 33,890 Movement in total fund for the year- Net income / (expenditure) For the year 15,896 - 15,896 (1,363) Fund balance brought forward 901 - 901 2,264 Fund balance carried forward 16,797 - 16,797 901 |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 2 General offerings 38,212 - 38,212 32,527 Gift Aid - - - - Other Income - - - Total Incoming resources 38,212 - 38,212 32,527 Resources expended Direct charitable expenditure 21,116 - 21,116 32,690 Governance costs 1,200 - 1,200 1,200 Total Resources expended 22,316 - 22,316 33,890 Movement in total fund for the year- Net income / (expenditure) For the year 15,896 - 15,896 (1,363) Fund balance brought forward 901 - 901 2,264 Fund balance carried forward 16,797 - 16,797 901 |
|---|---|---|
| Notes Incoming resources 2 General offerings Gift Aid Other Income Total Incoming resources Resources expended Direct charitable expenditure Governance costs Total Resources expended Movement in total fund for the year- Net income / (expenditure) For the year Fund balance brought forward Fund balance carried forward |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 £ £ £ £ 38,212 - 38,212 32,527 - - - - - - - |
|
| 38,212 - 38,212 32,527 |
||
| 21,116 - 21,116 32,690 1,200 - 1,200 1,200 |
||
| 22,316 - 22,316 33,890 |
||
| 15,896 - 15,896 (1,363) 901 - 901 2,264 16,797 - 16,797 901 |
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BALANCE SHEET
AS AT 31 OCTOBER 2020
| Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors: Amount falling due within one year 3 Cash at bank CREDITORS:amounts falling due within one year 4 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Unrestricted funds Brought Forward 5 Restricted funds TOTAL FUNDS |
2020 £ - 17,997 |
2020 £ - 16,797 |
2019 £ - 2,101 |
2019 £ - 901 |
|---|---|---|---|---|
| 17,997 1,200 |
2,101 1,200 |
|||
| 16,797 - |
901 - |
|||
| 16,797 | 901 | |||
| 16,797 | 901 |
The financial statements were approved by the Trustees and signed on their behalf, by:
The notes on pages 9 and 10 form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in December 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020
2. VOLUNTARY INCOME
| 2. VOLUNTARY INCOME |
||
|---|---|---|
| Donations from individuals Gift Aid Other Income Total Income |
2020 £ 38,212 - - 38,212 |
2019 £ 32,527 - - |
| 32,527 |
3. TRUSTEE EXPENSES
There were no Trustee expenses paid during 2020 and 2019.
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | |
|---|---|---|
| Accrual | 1,200 | 1,200 |
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