**REGISTERED COMPANY NUMBER: 11625777 (England and Wales) REGISTERED CHARITY NUMBER: 1104426**
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2022
for
Gospel Temple Apostolic Church
Peters & Co Chartered Certified Accountants Imperial House 64 Willoughby Lane London N17 0SP
Gospel Temple Apostolic Church
## Report of the Trustees
for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The Charitable Objects are as follows:
1)
To preach and teach a holistic message of Jesus Christ to all members of the public in Enfield, the UK and worldwide, from time to time, as the Trustees see fit, ministering to total person: spiritually, emotionally, physically, educationally and socially.
2)
To be a place where the transforming work of the spirit of Jesus Christ dwells. To be an oasis of resources and an epicentre for the manifestation of the complete spectrum of spiritual gifts and abilities. 3)
To voice the opinion of our organisation to the local governmental council, and to other relevant nation and local authorities, in pursuit of our mission, objectives and charitable community initiatives.
## **Public benefit**
The organisation supports children/young, elderly/old people and people with disabilities. It also helps other charities or voluntary bodies and also the general public/mankind.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
11625777 (England and Wales)
## **Registered Charity number**
1104426
## **Registered office**
Studio 34 The Trampery Foundation 639 High Road Tottenham London N17 8AA
## **Trustees**
Rev. C T Young Ms A M Waugh Ms S A Jarrett
## **Company Secretaries**
Ms A M Waugh Ms S A Jarrett
Page 1
Gospel Temple Apostolic Church
## Report of the Trustees
for the Year Ended 31 March 2022
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Directors**
Pastor J. Young Rev. Claudette Young
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Ms A M Waugh - Secretary
Page 2
Gospel Temple Apostolic Church
## Statement of Financial Activities for the Year Ended 31 March 2022
||||||Period|
|---|---|---|---|---|---|
||||||1.11.20|
|||||Year Ended|to|
|||||31.3.22|31.3.21|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||8,337|1|8,338|1,444|
|**Charitable activities**||||||
|Tottenham Food Hub||-|39,370|39,370|8,560|
|Chronicling Caribbean Stories||-|5,000|5,000|-|
|Black History Month||-|850|850|-|
|**Total**||8,337|45,221|53,558|10,004|
|**EXPENDITURE ON**||||||
|**Charitable activities**||||||
|Tottenham Food Hub||1,154|30,504|31,658|5,989|
|Ministry Costs||17,061|-|17,061|2,877|
|Chronicling Caribbean Stories||-|31,502|31,502|8,333|
|Black History Month||-|768|768|-|
|Other||(140)|-|(140)|3,189|
|**Total**||18,075|62,774|80,849|20,388|
|**NET INCOME/(EXPENDITURE)**||(9,738)|(17,553)|(27,291)|(10,384)|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||9,050|36,447|45,497|55,881|
|**TOTAL FUNDS CARRIED FORWARD**||(688)|18,894|18,206|45,497|
|||||||
The notes form part of these financial statements
Page 3
Gospel Temple Apostolic Church
## Balance Sheet
## 31 March 2022
|Unrestricted
Restricted
funds
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank
386
19,968
**CREDITORS**
Amounts falling due within one year
5
(1,074)
(1,074)
**NET CURRENT ASSETS/(LIABILITIES)**
(688)
18,894
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(688)
18,894
**NET ASSETS**
(688)
18,894
**FUNDS**
6
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
Total
funds
£
20,354
(2,148)
18,206
18,206
18,206
(688)
18,894
18,206|2021
Total
funds
£
47,379
(1,882)
45,497
45,497
45,497
9,050
36,447
45,497|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Gospel Temple Apostolic Church
## Balance Sheet - continued
31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
C T Young - Trustee
.............................................
A M Waugh - Trustee
.............................................
S A Jarrett - Trustee
The notes form part of these financial statements
Page 5
Gospel Temple Apostolic Church
Notes to the Financial Statements for the Year Ended 31 March 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|||Period|
|---|---|---|
|||1.11.20|
||Year Ended|to|
||31.3.22|31.3.21|
||£|£|
|Other non-audit services|2,148|828|
continued...
Page 6
Gospel Temple Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,445
(1)
**Charitable activities**
Tottenham Food Hub
-
8,560
**Total**
1,445
8,559
**EXPENDITURE ON**
**Charitable activities**
Tottenham Food Hub
-
5,989
Ministry Costs
2,877
-
Chronicling Caribbean Stories
-
8,333
Other
3,189
-
**Total**
6,066
14,322
**NET INCOME/(EXPENDITURE)**
(4,621)
(5,763)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
13,671
42,210
**TOTAL FUNDS CARRIED FORWARD**
9,050
36,447|Total
funds
£
1,444
8,560
10,004
5,989
2,877
8,333
3,189
20,388
(10,384)
55,881
45,497|
|---|---|
continued...
Page 7
Gospel Temple Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||2022|2021|
|---|---|---|---|
|||£|£|
||Accrued expenses|2,148|1,882|
|**6.**|**MOVEMENT IN FUNDS**|||
||**Unrestricted funds**|Net
movement
At 1.4.21
in funds
£
£|At
31.3.22
£|
||General Fund|9,050
(9,738)|(688)|
||**Restricted funds**|||
||Tottenham Food Hub|9,945
8,867|18,812|
||Chronicling Caribbean Stories|26,502
(26,502)|-|
||Black Histroy Month|-
82|82|
|||36,447
(17,553)|18,894|
||**TOTAL FUNDS**|45,497
(27,291)|18,206|
||Net movement in funds, included in the above are as follows:|||
||**Unrestricted funds**|Incoming
Resources
resources
expended
£
£|Movement
in funds
£|
||General Fund|8,337
(18,075)|(9,738)|
||**Restricted funds**|||
||Tottenham Food Hub|39,371
(30,504)|8,867|
||Chronicling Caribbean Stories|5,000
(31,502)|(26,502)|
||Black Histroy Month|850
(768)|82|
|||45,221
(62,774)|(17,553)|
||**TOTAL FUNDS**|53,558
(80,849)|(27,291)|
|||||
continued...
Page 8
Gospel Temple Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **6. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
||At|movement|At|
||1.11.20|in funds|31.3.21|
||£|£|£|
|**Unrestricted funds**||||
|General Fund|13,671|(4,621)|9,050|
|**Restricted funds**||||
|Tottenham Food Hub|7,375|2,570|9,945|
|Chronicling Caribbean Stories|34,835|(8,333)|26,502|
||42,210|(5,763)|36,447|
|**TOTAL FUNDS**|55,881|(10,384)|45,497|
|Comparative net movement in funds, included in the above are as follows:||||
|**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£|
|General Fund|1,445|(6,066)|(4,621)|
|**Restricted funds**||||
|Tottenham Food Hub|8,559|(5,989)|2,570|
|Chronicling Caribbean Stories|-|(8,333)|(8,333)|
||8,559|(14,322)|(5,763)|
|**TOTAL FUNDS**|10,004|(20,388)|(10,384)|
|||||
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 9
Gospel Temple Apostolic Church
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
|||Period|
|||1.11.20|
||Year Ended|to|
||31.3.22|31.3.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Offering and donations|4,193|1,444|
|Gift aid|1,170|-|
|Sundry income|2,975|-|
|**Charitable activities**|8,338|1,444|
|Tottenham Food Hub|39,370|-|
|Chronicling caribbean stories|5,000|8,560|
|Black history month|850|-|
||45,220|8,560|
|**Total incoming resources**|53,558|10,004|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Sundries|4,865|967|
|Tottenham food hub|29,430|1,797|
|Donations|547|493|
|Venue hire|7,876|-|
|Transport|1,344|1,184|
|Volunteer expenses|1,169|758|
|Enfield stands together costs|232|691|
|Chronicling caribbean stories|30,056|8,213|
|General office expenses|132|1,338|
|Light and heat|-|358|
|Black history month|768|-|
||76,419|15,799|
|**Other**|||
|Advertising and marketing|1,742|911|
|**Support costs**|||
|**Management**|||
|Project management|540|2,850|
This page does not form part of the statutory financial statements
Page 10
Gospel Temple Apostolic Church
## Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
|||Period|
|||1.11.20|
||Year Ended|to|
||31.3.22|31.3.21|
||£|£|
|**Management**|||
|**Governance costs**|||
|Auditors' remuneration for non audit work|2,148|828|
|Total resources expended|80,849|20,388|
|**Net expenditure**|(27,291)|(10,384)|
||||
This page does not form part of the statutory financial statements
Page 11
Gospel Temple Apostolic Church
## Contents of the Financial Statements for the Year Ended 31 March 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Statement of Financial Activities||3||
|Balance Sheet|4|to|5|
|Notes to the Financial Statements|6|to|9|
|Detailed Statement of Financial Activities|10|to|11|