Complny Rtglitr*ilon N￿ 05J44212 (England and Wale¥
Ch*rlty 140., 1105074
CHRIST FAITH TABERNACLE INTERNATIONAL
(A company limlted by guarantee)
Annual Report and Financfial Statements
For the year ended 30 June 2023

CIIIUSTFAITH TABERNACLE INTERNATIONAL
Refèren¢¢ ind Admlnl8tratlve knformatio
Truitees l)Ireetors
Reverend A.T.B. Williams
Mr. T, O. Adisa
Mr. S. C. Aham¢bJla
Mr. O. A. Bilewu
Secretary
Mr. O. A. Bilewu
Reglstered o￿tee oper*tlollal address
Bcihasda Building
56-62 New Cros$ Roud
London
SE14 5BD
BaDkers
HSBC
184 High Sircct
Bromley
Kent
BRI IHE
A¢countaDts
Sterlings Accounlaney Solulions Limited
131-133 Roman Road
Mountnessing
Brenlwood
Esscx
CM15 OUD
Audltors
B¢aYis Morgan Audit Liinitcd
82 St John Street
JA)ndon
ECIM4JN
Solldtors
Wdl¢r8
Tenison House
Tweedy Road
Bromley
BRI 3NF
Cbarlty ￿uMber
1105674
Company number
05144212
Charity web8it¢
www.cft¢hurd)e8.org

CHRIST FArrH TABERNACLE INTERNATXONAL
Cont¢Dts
Pages
TnJ8tces' Report
Ind¢pendent Audilors, Report
io
Statement of Financial Activities
Balattc¢ Sh¢¢t
12
Siaternenl of Cash Fknvs
13-22
No¢¢s lo the Financial Statements

CHRIST FAITH TABERNACLE llYTERNATIONAL
Tru8te¢8' Aolluil Report
for the year ended 30 June 2023
The Twstees present Ih¢ir At]nual Report and the audited financial statements for thc year ¢nded 30 June
2023. This report is a Directors, Report as required by section 417 of the Companies Act 2006 and
Trnslees. Annual Rcport as r¢quired under Part 8 ofthG Ch￿ltieS Act 2011,
The Tnislee5 Gonfirni that the fmancial s(atem¢nts comply with the reqtsircmenls of the company's
governing documents. Ihe Chariiies SORP (FRS 102), and the Companies Act 2006,
Slructurfy Goyernlllce and Manxgtment
cu
Christ Faiih TAbernacl¢ Inl¢malional was inwrporated ond r¢gistered as a Ch￿Itable company on 3 Jun¢
2004 and is limiied by guarante¢. The gov¢mingdocumcnt 1$ theMemorAndum and Articles of Associalion
dated 4 May 2004.
Christ Faith Tab¢rnacl¢ International was registered as a charity ott 3 I Augusl 2004.
R.¢oNi!menl and A
ste
The board of Trustees eonsists of at least three and not more lhan nine individuals, all of whom musi be
members. One third of the TNstees musl retire at each Annu81 General Meeling, thos¢ longeyt in offiee
retiring fwst, any vacancies being filled by thc sel¢¢tion and appointment of suitabke persons by the
TNS¢￿.
Trnslee Indu
n artd Trainin
Th¢ ¢xisting trustees are alrcady familiaT wfftih the prn¢ti￿ work of Ihe cot)wany.
Additionally. any n¢w trnslees are invited and encoUr￿ed lo attend traiJ]ing sessions to familiaiise
Ih¢m8¢1ves with the company Artd the context in which il operates, including obli8&tions of Trusl¢es, the
operAlional framework fctrr lh¢ ¢ompanyJ including the Memorandum and Articles, and ￿tUre plans and
obj*tives.
The Trnstees carry out ¢ontittuou$ assessment to prioriiise the company's risks and slr¢ngth¢n our
resilience. Wc havc rcviewed the gaieral environment in which th¢ company operdtes lo identify any
serious pot¢ntialiisks and make arrangements to avoid such risksor mili8al¢ Iheir impgcl. We havc worked
to ￿rther develop the risk managemcnl system which includ¢d lightening CODlrols on the comput¢r
Systems. We conlinuc to monitorihe impletnenlalion of the Disasley Reeovery pla￿ and undertake checks.
as appropriate, witFi the DI￿lOsure and Barring Servicc (DBS), forn]erly Criminal Rewrds Bureau {CRB),
on all thos¢ working direcily wilh childr¢n, Th¢ robustness of the 'Bu$iness Continuation, plans were
lesled al Ihe onset of the Covid-19 pand¢nu¢ and remote working arrangements were 8ucc¢ssfvIIy
implcmented with minimal disruption lo op¢ralions.
The charily has mort8ag¢s outslanding of£2,449,528 in respEct oftheGranadaTheatrc, Woolwich. Interest
is payable on the mortgag¢8 at r&l¢s linked to bas¢ ralo.
Preventi
ndD
eclion of fraud
The Tn￿lee$ have overall regponsibilily for ensurin8 that the ¢harily has an appropriatc system of controls.
that its asseis are safeguarded against unauih(¥ri$ed use or disposal. that tli¢ cliarity complies with r¢levant
&W8 and regulations and for taking reasonftble steps forthe pr¢venlion and detection offraud. TheTTustees
Bre also responsiblc for ensuring that the charity is operating efficiently and
eff¢¢liv¢ly. proper r￿OrdS are maintained and that the fjnancial information used within the charity or ftir
publication 18 r¢liable.

CHRtS'l' FAITII TABERNACLE INTERNATIONAL
Trustees. Anny*l Report
for the y¢4r ¢nd¢d 30 June 2023 (contlnued)
Gov¢rn
& Intemal
ontrol
Th¢ Tnjslees meet rcgularly lo r¢view the finances and administration of th¢ charily. The 8y8tems of
internal control ar¢ designed to provtde r¢asonabl¢ assurance against mai¢rial misstatement or108s. Thcy
include an annual budgct approved by the Tru8t¢es; considerdtion by the Tn)s1￿$ of financtal rcsulis,
variance4 fmm budgets hnd non-financial perforn)an¢e indicatorg. delegation of authority and scgresation
of duli¢s' and identification and managcmcnt of Assues of strdlcgic and operation41 importan¢e to the
Charily,
The Tnjgtees are responsible for the overall running of the charity with foGUS on Ihe following kcy areas:
Sirzlegry- agrccing objectives and slrale8y for th¢ ch8rily and delenniL)In8 principles and polioies
io meet the overall strategy.
Finance- setting 8uidolittes for and agreeing the annual budget; de¢iding on appropriate ffftancial
monitoring proc¢dur¢$' authorising SI￿￿10n¢9 on baTLk accounts; a￿rrIng borTowings and
securities. auihorising signature of the Annual Ae¢ounls" ¢nsuring adequate response gnd action iy
taken following the 8Jmual audit: agr¢¢ing investment 8lrat¢gy and paTameter8 and s¢tting policies
for rese￿¢s.
Personnel - d¢fining policy on Ernploymcnl Tern￿ and Conditions, including dI￿lpI1nary and
grievance matters: aw¢¢ing employee remun¢rnlion and salaries;
General - selling parameters for the delegation of authority. review of risk man4gem¢nt with
regular reporting 2nd giving noti¢¢ of meeting8.
Tans
ctions with Rela
The transac(ions with rel8l¢d parties duritkg the year are set out in Note 13.
ObJe¢tives Actlvltlei
Th¢ company's principal obje¢live5 ar¢ lh¢ pro￿gallon of the gospel, the advancement of th¢ Christian
Faiih and ihe relief of povrrty.
Each ycar, the Trustees review the objective8 andaclivities to ensure Ih¢y continue lo r¢flect our aiths.
tn carrying out this review, th¢ Trust¢es have considered Ihc Chariiy Commi55ion's general guidanc¢ on
public benefit and in particular 118 supplementary public guidan¢¢ on the advancement of religion for th¢
public ben¢fit,
A¢bAevement8, PerformABce and PIAII8 for tbe FU￿re
Our charity remains ddicated lo ils core mission of making a IHngible diffcrcnc¢ in London, across the
United Kingdom, Europe, and globally. W¢ have expandcd oiir re2¢h ihroiigh inlemalional operations,
conduoling impactful missionary journeys to Gcmwiy, the Republic of Ireland, Nigeria, India, Gree¢
the Republic olBcnin, and l$ra¢l. NOt￿ly. we ¢onliiiae lo progress our ongoing mission work in Nigeria
Ihrough the Jesus City Project (A Kefuge forNa¢ions).

CHRIST FArfH TABERNACLE NfERNATIONAL
Trll8t¢ts? Aonual Report
for the year ended 30 June 2023 (contlnued)
Through liv¢ webcasts and active engagement on sociol media platfOrn￿, w¢ ensure that our ¢hurrh
programs are a¢G¢ssible lo a diverse global audience. Additionally, our lel¢vffision pr0￿m$ aT¢ regularly
bIoadc8sted on the Faith channel, garncring positive feedback both loeally and inl¢rnalionally. Our
proaclivc use of social media fa¢ilitatN & seamle88 transition between our regular church servic￿ and
online plgtfom)s.
Throughout the ycar. our faciliti&s hosied t diver8e rang¢ of aciivitieg, includAng health and ¢An¢er
awareness seminars, prayer eonferences, business Seminars. drama productions, musical concerts, and
WOTkshops. These inilialives serve to ety]pow¢r and uplift individuals while fostering a sense of community
and inclusion.
In addition to our exte￿$[Ye eommunily outreach efforts and support for academic pmgres8, our charity is
dccply ¢ommitied to advancing the professional d¢velopment of OUT members and cmpowering
entrepreneurs through a series of tawtcd workshops and seminars.
R￿QgnISIng the imp011an¢e of Continuous leaming and skill enhancerncnl in today's competitive
18ndscap4 we have curat¢d a div¢rse range of profcssional developmenl opportuniries lailor¢d to the need9
and interest$ of our community. From career Advancemenl workshops to iwKIu5try-$p¢cific 5eJninars. we
provide valuable insights, practical lip$, and networking opportunities to help our mombers thrive In their
chosen fields.
Our workshops ¢over A wide arrny of topics, including l￿d￿hip developmcnt. communication skills,
project management, and prrsonal branding. Through interactive sessions. ¢xpert-led discussions, and
hands.on activities> participants Bain valuable knowI￿ge and tools lo ¢x¢el in their cgr¢¢rs and take iheir
professional 8rowih to the next level.
Moreover, we undcrstand th¢ vil81 role that ¢nlr¢preneurship plays in Ltriving economic grtswih and
foslering innovation. W¢ have lawjchcd iniliativ¢s specifically designed lo ¢nhanr¢ th¢ entr¢pren¢urial
skills of business owners and aspiring entrepren¢urs within ourconununity. Through workshops, 8eminar8.
and m¢nlo)El)ip programs, we provide 8vidan¢e on busi￿5$ planning, markcling stralegies, financial
management, and mor
These Aniliativ￿ not (pnly enipower individual$ lo pursue their entrepreneurial dreams but fÈl80 contribut¢
lo the gTOWth and su8lainabilily of local busincssts and economie$. By fost¢Ting a culture of ijmovation
8nd ¢ntr¢preneurship, we gr¢ cr¢8ting opportunities for economi¢ ¢mpowem)¢nt and job creation,
ultimately enriching the fabrib of our communities. Through Ihege inilialives, our chayly is making a
meaningful and lasling impael on the profc55ional development landscap¢. equipping our members and
enlrepreneurs with the knowledge, skills. and confidenee Ihcy need lo sueceed in today's dynamic and
Competilive environment.
The Dorcas Group continues to be a pillAr of 8upporf within our church community. offeriT)g emotional,
physical. and financial assisldnce to those in need. Thelr etTorts havc be¢n inslrum¢nlal iii upholding our
ethos of car¢ and inclusion. partirularly for older individuals, widows, widow¢TS, and those facing
onomic hardships.
outreach initiatives, 8uch as the Young Profcssionals in Chrisl (YPIC) and Youth of Royal Destiny
(YORD), continue lo inspire and equip young individuals to reach their full poieniial. Through workshops,
seminars, and onrichm¢nl programs, we aim lo foslcrconfidence, nclworking skill$. and holistic well-beiDg
among our youth. 04Jr commitment to positiv¢ change extends beyond traditional av¢nu¢5, ¢ncompassing
signifi¢ant wntribulions lo ￿ad¢M1¢ progress and the athievcrnent8 of youth.

In addition to our core mission activiti￿, w¢ have 8Ctiv¢ly supported educational ￿)deavours1 providing
holarships, mentortng pn)grams, and resources lo ernpower youth in their academic pursuits. Our
involvement In academic enrichment goes beyond financial assistance. We have organised tutoring
scssions. study groups. and workshops ainKd al enhancing academic skills, crili¢&l Ihinktng. and pmbl¢m-
solving abiliti¢5 among youth. These initiatives not only improve academic perforn)an¢¢ but al80 instil
confidenee and a passion for1¢4rning, loying a solid foundaliotk for ￿tUre success.
Beyond ihe classroom. our commilmenl ¢n¢ompass¢s holistic d¢velopment and personal growth. We hav¢
organised le4dership S¢mina￿, career 8uidan¢e sessions, and personal dev¢loprnent workthops 10 empower
youth to r¢81ise their fvll potential and become ￿tllre leaders in their communili¢s. Through these efforts,
our charity has made 8 txngible and lasting impact on thc acadcmic success and 4¢hievements of youlh,
paving the way for a brighter and more prosperous fulure for generations to com¢.
Furthernior¢. our fatch ihem Young (Ciy), prob￿￿M for Children und¢r 12 focuse5 on mentoring and
empowering the next generatiort. Through bible study clas$&8, workshops, and educational trip5, wc in8til
essential skills and values while nurturing a deeper understanding of culture and history.
Looking ahead. w¢ ar¢ ¢mbaTking on an ambitio￿ prOj￿t to revitali$e Beth￿da Building lo¢aled in New
Cross Road, London SE14. This redevelopment initiativ¢ aims lo creat¢ a muliifaceied Spaee ihat not only
8erves as a modem place of worship bul also 8ddr&8ses th¢prcssinB needs of our communily* partiwlarly
those of the rnosl disadYantHged and vulnerable individuals.
Centrdl io our vision is the rtrprovision of a plac¢ of WoTShip￿ design￿ to Provide a welcoming and
inclusive envimnmeni for spiritual growth, fellowship, and ¢onununity engagement. The sanctuary will
incorporale state-of-th&art audio visual l¢chnology* flexibl¢ seating a￿ngem¢nt5. and aw¢ssible
am¢nities to accommodat¢ th¢ div¢r8¢ needs of our cong￿gation and ¢nha￿e th¢ wors￿'p ¢xpwi¢nce for
In addition lo the place of worship. th¢ red¢velopm¢nl pl8N8 include th¢ inlegrhtion of affordabl¢ housing
units. addr¢ssin8 the ¢riti¢al shortage of af¥ordAble accommodation tn London. By providing safe,
atTordablc housing options, we aim to alleviate housing ingecurily and hoTY]rlc55n¢ss among vulnerAble
individuals and fatnilics, fosterinB stability and resilicncc within our ¢ommurrity.
Furthern]ore, wc cnvision ilie ¢slablishmeni of a children's day centre withill Bethesda Building. offering
a safe and nurturing environment for children to Ic8rn> play. and grow. Thi8 facility will provide essential
child¢are services. including early educalion prowms, aft¢rschool c4re. a￿d r￿e￿lIOnaI activities.
supporting workin8 parents and empowering childrcn to rca¢h their full potential.
Beyoiid these core components, th¢ Bethe￿la Building redevelopment will feature a rang¢ of fa¢ililie8 for
community use, including multipurpose wooms, recr¢ational spaces, al￿ eounselling serYice5. These
amejjities will serve as hubs foreommuDltygaih¢rin88. social events, and ¢ducalional workshops, fostering
social,ooh¢sion and mutual Support among residents.
Ov¢rall, Ihe tyansforn￿ti0n of the Beihesda Building r¢prc8¢nls a significant opportunily to enhance the
support our rharily is able to provide for 50m¢ of the rnost disadvantaged and vulncrdble peopl¢ in our
community. By creating a holistic space ihat intcgratu woJship, hou8in& chilokar¢. and Community
services, we arc poised lo rnak¢ a lasting and positive impaol OJJ the lives of individuals and familie8 in
New Cross and beyond.

CHRIST FAITH TABERNACLE ll4TERNATIONAL
Tru8tee81 AllnuAI Report
for tbe year ended 30 Junt 2023 (¢ontlnued)
FlnAnclal Revlew
The movem¢nl of the Charily's fu￿ncial resources for ih¢ year is shown in the StAtement of Financlal
Activitie8 on page 9. The highlights are:
lolal inwming resources of£2,133,935 (itscluding Gift Aid re¢overabl¢ of £272,255),
lol¥l outgoing ffSOur￿ of £1.574.061.' and
a general Jjnd of £8,937.821 carried foNard lo 2023124.
Princi
al Fundin
The principal ￿ndIng souwL for the Chftriiy is donalions from the congregations al Krvices held.
Reserves
It is the policy of the Charity to maintain sufficient unr￿trIcted fimds to cover managcmenl and
adminislr4lion costs for A perlod of 3 months. When deciding Ihe level of reserv￿, th¢ Trnstees take into
nsideration the foreeasis for levels of Income and expenditure for the coming year, the reliability of each
source of inwme and the prospects for opening up new Sou￿¢$. The Truslees consid¢rthe Cts￿ent level of
unrestricted funds maintained by the Charity 1$ deemed adequate. In the light of the long-tem) loans taken
out on the frcchold propertie$ purchased for Ih¢ Cbarily's intended use, SUff￿1¢nI reserves musl b¢
maintained lo fi)nd th¢ related fiDanc¢¢osls and satisfy theloancovenanls until these loans are fully r¢paid.
Reslrictcd fund5 are funds that account ftir silualions wh¢re a donoT ru4uires that a donation must be spent
on a particular purpo8¢ or where have br£n raisv4 for a SFrtific purpose. There are no ttstiieted
nds at present.
Statement of Trustees, re6poD6lbilities
The Twsiees (who arc also the directors for Ihe puryoscs of company law) 4re responsible for prq)2ring
the Annu21 Report and fing￿la1 slatements in aeeordance with applicable law and regulations.
Company law requirc8 the Irust¢e5 to pr¢par¢ financial statements for ¢?¢h financial year. Under thai law
th¢ Iru8tee$ musi prepare the financial statements in Accordan¢e with lh¢ Uniied Kingdom Gcn¢rally
Accepted Accounting Practice (United Kingdom Accounting Standards and. applicabl¢ law). Under
company law th¢ IN$lees musl approve th¢ fina￿1?1 statements unless they are satisfied Ihat ihey give
Irue and fair vicw of Ihc $t41e of affaiys of the charitable company and of the incoming r¢sources and
application ofresources, including the It￿Ome and ¢xp¢ndilur4 of th¢ oharitable company for the period.
In preparin8 these financial statements th¢Trusle¢s are required to..
select suitable ac¢ounling policies and 8pply them consistently,
obse￿¢ th¢ methods and principles in th¢ Chaiili¢s SOR￿.
mak¢ judgements And eslimales ihat are reasonable and pnmlenl.
S￿1¢ wh¢ther appliLable UK aceounling standards have been followed, subject lo any mal¢rial
departures dis¢losed and explRined in lh¢ financial statements. and
prepare ihe financial slalemenls oyj th¢ going concern basis unless it 1$ inappropriate lo
presume that the charitable company will continu¢ lo op¢rale.

CHRIST FAITH TkBERNACLE INTERNATIONAL
Trustees, AnDu#l Report
for the ye8r ended 30 June 2023 (¢ollllllu¢d)
ststtMe￿t of Tru$tee$' r¢spoll81blllde8 (contlnued)
The Tn￿l￿S ar¢ responsible for keeping ad¢quat¢ a¢¢OUnling records that are suffici¢nt to Show and
explain the ¢haritable ¢ompany's transactions and disclos¢ with T¢430nable accuracy at any time the
financial position of the ¢harilable company and to enable Ihcm lo ¢nsure that the financial slalements
comply with the Cornpanies Act 2006, They are also rcsponsible foT safcguarding the as$els of the
¢haritable company and hence for laking reasonable steps for the prevention and detection of fraud and
other irre8ularilieg.
Th¢ Trnstees confm that so far as they are awar4 there is r¢levant audit inf0m￿tion (as defined by
section 418(3) of the Companies Act 2006) of whith the charilable company'g xudilors arc unaware. They
have tsken all the sl¢ps that they ought to have taken as ttuslees in order lo make themselves dwhre of any
relevant audit infomiation and to wtablish that the ¢harilablo company'8 auditors ar¢ awar¢ of that
inforniation.
This report hhs been in aeeordance with the provision8 #pplicableto the small companies, Tegime.
Approved by the T*ustee$ bnd 8iglled on the5r behalf by:
Mr O. A. Bll¢wu
Trustee
114k 4tJgt

ll¥DEPENDENT AUDITORS? REPORT TO THE TRUSTEES OF
C]IRISTFAITIi TABERNACLE wfERNATIONAL
Oplnion
Wc hav¢ audiied the finanoial dalements of Christ Faith Tabemacle International (the 'eharitable
ctsmpany,) for the year ended 30 June 2023 which comprise a Stalcmcnl of Financial Activili¢s. the
Balanc¢ Sh¢¢l. Ihe StBtement olcash Flows and notes lo th¢ financial statements, including a Sufjllnary of
si￿11r1¢&nI accounting policics. The financial reporting framework that been applied in their
preparation is applicable law and the Unilcd Kingdom Accounling Standards. inGluding Financidl
Reporting Standard 102 The Finance Reporting Siandard applicable in the UK and Republic oflrelaxd
(Unilcd Kingdorn Gen￿allY A¢¢ept¢d Aeeounting Pra¢li¢¢).
In our opinion th¢ financial statements..
give a true and fair vi¢w of the state of the charitablc ¢ompany'$ affairs as al 30 June 2023 and of
ils incoming resou￿e8 and application of rc30ur¢e$, including ils income and exp¢ndi¢ure, for the
year then ended..
have been propeilyprcpard in accordance with United Kingdom G¢n¢rglly Accepted Ac¢ounling
Practice; and
have been prwared in accordance with the requirenwi18 of th¢ Companies Act 2006,
BASIS for opinion
We eonductd our audil in accordance with Ynlernational Standards on Audliing (UK) USAS (UK)) and
app)i￿b]e law. Our responsibilities under those Stand￿d8 are fvrther dc$¢ribed in the Auditor's
responsibilities for lh¢ audit of th¢ finan¢ihl 8tat¢m¢nts Section of our report. We ar¢ ]nd¢pend￿l of th¢
charilablc company in accordan¢c with the ethical requir¢ments ihat &re relevant to our audii of the
financial statements in the UK. inGludiftg ihe FRC'S EtILieal Siandard. aTKI wc have fvlfilled ow other
cihilal r¢5ponsibililics in accordance with these requir¢ments. We beli¢v¢ that the audii eviden¢¢ wc havc
oblained is sufficienl and appropriate to provide a basis for our opinion.
ConclusloDs relidng to golD% Concern
tn auditing the fjnancial slal¢menls, we have conclvd¢d that the trusiees, use of the going c￿neern basis oe
8CWUTlting in ihe preparation of Ihe financial slalemcnts is appropriatc.
Based on the work we have perfomied, we hav¢ not identified any material un¢ertainties relaling to events
or conditions that. individually or collcctivelyi may cast sigryifi¢ant doubt on the compatty'$ ability to
¢onlinu¢ as a going concem for a p¢riod of at least twelve monihs from when the financial 3tslements are
auihorised for issue.
Our reBponsibilili¢s and Ihe responsibilities of the tru8tee5' with yNpect to going conc¢m Rre described in
th¢ r¢levant sections of Ihis r¢port,
Otber information
The Inistees are rewnsible for th¢ other inforniation. Thc other inforniation comprises the infonnation
Includ￿ in the annual report other than the financial slalemenls and our auditor's report thercon. Our
opinion on ihe fina￿1￿1 stat¢m¢nls doe8 not cover t!1¢ otheT infomation and, except lo th¢ extent othenvise
explicitly stated in our r¢port, we do not exprcss any form of assuran¢¢ conclusion thereon. Jn connection
with our audit of the financial statements, OUT r¢sptsiisibilily is lo r¢8d the other infornialion and, in doing
so. consider whether the other infom)a(ion is matcrially iTh¢onsistent wilh the financial Statements or our
knowledg¢ oblained in the audit or oih¢rwise appears malcrially misstated. If w¢ identify such material
inconsislcnci&8 or apparent maierial mi88tatemenls, w¢ arerequired to detern)ine wheih¢rth¢T¢ 18 amaterial
misslalement in the financial statements or a rnaterial missial¢ment of the other infornthlion. If, based on
lh¢ work we have perfortncd, w¢ con¢lud¢ that thcrc is a mateTial misstatem¢nl of this inforn)ation, wc are
rcquired to report that fact.
We h8v¢ nothing to report in this r¢8ard.

INDEPENDENT AUDITORS? REPORT TO THE TRUSTEES OF
CHRIST FAITH TABERNACLE INTERNATIONAL (eontillued)
Oplnlon oll othtr m4tt¢r$ pr¢$¢ribed by tbe CompaDies A¢t 2006
In our opinion, bas￿1 on tELe work undertakert in the course of the audit..
th¢ Infom￿ll0n givcn in thc Iruslc¢s' rcport, which includes the direclor8' r¢port preparcd for th¢
purp(w of company law, for ihe finoncial year for whÉch the financial atalcmcnts ar¢ prepored is
consistent with the firtancial slatcrncnls; and
the tnJ8tets' report. which includes ihe directorn, rq)ort pr¢poreAI for lh¢ putyoses of eompony
law. ha8 been pr¢par¢d An accordance with applicable Icgal requirement8.
Motters on w¢ are requlred lo report by ¢xeepdon
Tn th¢ lighi of th¢ knowledge And und¢r8landing of lh¢ ch8ri(able company and ils environm¢Dt obtained
in the course of the Audil, we have not identified malerial mÉs$tatements in the directors, report included
within Ihc tnJ8lces' report.
Wc have nothing to report in respect of the following matters in relation lo which the Companies Act 2006
require8 US to report lo you if, Én our opinion;
adquat¢ a¢¢ounlin8 rrKord$ hav¢ not beEn kept or r¢tums adequale for our audil hav¢ nol b¢¢n
r¢c¢ived fvom branches not visited by us; or
the financiol slal¢menl$ ar¢ not in agrccmenl with ihc a¢counting records and returns. or
certain di5closurcs of tN$l¢es' remuneration Specified by law are not made,. or
wc have not r¢ceived all the inforniailon and explana(ions we require for our audil. or
the trustees were not entitled to prepare the fiftAneial statement5 in accordancc with the 8mall
companies, regime and take advantage of th¢ small ¢omp4nies' exemption in preparing thc
Irnslees, report and from the requirement to prepare a strategic report.
R¢spoDslbUltles of trustees
As explained more ￿]lY in the ttuslees, rasponsibilities statemenl s¢1 out on paBes 4 artd 5 the trustee5
(who are also lh¢ directors of the charitable company for the purposes of oornpany law) are rwonsibl¢ for
the preparation of the financial stalemenls and for being satisfied that ihey give a tru¢ and fair view, and
for such intemal control as the trustees del¢m)in¢ is nettssary to enable ihe prepaTation of financial
slalemenls Ihat are free from malerial misslatemcnt, whether du¢ to fraud or error.
In preparing the finati¢ial slal¢m¢Thls, th¢ Iruslees are re&p)nsibl¢ for oS8¢ssing tbe charilable company'$
ability lo conlinueos a goiiig concern, di8c105ingk as applicabl4 matters r¢lated to 80in8 ￿n¢Crn and using
the going conccrn basis of ai'counling unless the Iruslees either inlend or liquidats th¢ chaiitablc company
or lo ce88e operatLons, or have no realistic alternative but to do so.
Audltor's r¢spoll$lbllltle& IDT the wudlt of tkne flnAnclAI stalemellts
Our obj¢clivc8 are to obtain reasonable assurance about whether the financial slatcin¢nl8 as a whole are
fi'e¢ frtsill material Jnisstatemenl, whethcrduc lo fraud or¢rror. and Io issue aD auditor's report that included
ouropinion. Re850nableassurdnce is a high level ofassurnnce bul is not a guaranl¢ethal an audit conducted
in a¢¢ordance with ISAS (UK) will always det¢cl a malerial rnisstatement when il exists. Misslatements
can arise from fraud or error and are considered material if, individually or in the agyegal4 they could
reasonably be cxpecled lo influenc¢ th¢ economic d¢¢isions of uscrs lakcn on th¢ basis of Ih¢se financial
slal¢menl$.
The extent lo which our procedures ar¢ ¢apabl¢ of d¢tfxting i￿egularltlC5, including frdud, is detailed
below.

INDEPENDENT AimlTORS' REPORT TO THE J'RUSTEES OF
CHRIST FAITH TABERNACLE INTERNATIONAL (eontlnued)
Extent to wblch the Audlt was eonsld¢red CAPAbl¢ of deleedng IrregulArltles, lllcludlng frAud
Discussions with 8nd rnquiri¢8 ofmanagemenl and those charged with 8ovemance were held wilh a
view lo idcnlifying tho5¢ laws and r¢gulalions th&t could be expKt¢d lo have a mat￿1￿1 impaet on Ihe
finAncial sthteinen18. During the engagement team briefing> the outcomes of Ih&%e dis¢us$ions and
enquiri¢y wcr¢ 3hard with the team. as w¢ll as considcration as to wher¢ and how fraud may occur in the
entity.
The following laws and regulations w¢r¢ identified as being of 5ignifi¢an¢¢ to the entity..
Those laws and regulations considered ￿ have a direct effect on the financial ￿AleMentS in¢lude
UK fllmncial Teporting standards, charity SORP, company law. and pensions legislation.
Audit procedures undertBken in response to the potential rtsks relalirtg to irregularitiu (which include
fraud and non-complianc¢ with laws and r¢￿il8110ns) compri5cd of.. inquiries of management atd Iho8C
charged with governance as lo whether the enlily complies with such laws and regulalion8' enquiries
with the same concerning any actual or potential liligation or claims. inSp￿tIon of relevant lesal
Co￿8pond¢nc4 revi¢w of board minut¢s' testing ihe apprOpriatene￿S ofjournal ¢ntries: and the
perfomLance of an81y¢l￿1 review to idenilfy unexpected movement8 in ac¢ount balances which may
indieAtivc of fTaud.
No instanc¢8 of material TLOnwcompliancc w¢r¢ idenlifi¢d. Howevcr, Ihc likclihood of d*￿tIng
irregularities. including fraud. 1$ limited by the inherent difficulty in ddecling irregularities, the
¢ff¢¢¢iven¢ss of Ihc entity's controls, and the nature, tirning and extent of the audit proceduTes perfornied.
trr¢gularilies that result from fraud migm b¢ inh¢r¢nily morc difficult lo det¢Gt than i￿egUlariti¢S that
resuli from eryor. As explained above, there is an unavoid&ble risk thal material misstat¢m¢nls may nol
be detected. even though the audit has been plan[￿d and perfornied in accordance with ISAS (UK).
A further descriplion of ow, responsibilitiu for ih¢ audit of ihe finaneial stal¢m¢nls is lo¢at¢d on th¢
Financial Reporting Council'$ website at: hitps:Ihvww.frc.org.uklaudi¢oTrsponsibililies. This description
forn￿ part of our auditor's report.
Use of our T¢POrt
This report is made 501ely to the charitable company's members. as a body, in a¢cordan¢e with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so ihai we tnight slal¢ to the
eharilable company's members thos¢ mairers we are re4uired to S¢al¢lo them in an auditor's reporl and for
no other purpose. To (he ￿lIest extent pennitted by law, we do not acccpl or assume responsibility to
anvonc oiheT than the charitable ¢ompany and the chaTilablc company's memb¢rs as a bodyi for our audit
work, for this Ttylort, or for the opinions w¢ have fom)ed.
oy and beb•lf of Beavi$ MoTgatt Audk Llmlted
D4t¢',
Chartered AccovDtIDI
Statutory Audltor
82 Si Jollll SireeA
Inndoii
ECIM4JN

CIIRIST FAITH TABERIY ACLE INTERNATIONAL
Statement of Fln&nclAI Aetlvltles (intludiDg Incom¢ Ind Expendlture Ac¢ouMt)
for the year ethded 30 JuDe 2023
Y¢nr ended 30 June 2023
Year ended 30 Julle 2022
Uortttrlcted
FuDds
Total
Funds
Total
Fund5
Not¢8
In¢om¢
Income from:
Donations
Gift Aid on donations
Charitable activilies
1,773,963
272,255
87.717
1,773,963
272,255
87,717
1,706,088
294,697
49.592
Total Income
2.133.935
2,133,935
2.050,377
Expenditure OD:
Charitable activities
Finance oosts, Interest payable and
h¢r rhargcs
Governance cosls
1,383,619
1,383,619
974,996
176,806
13,636
176,800
13,636
106.923
11,301
Total expelldilure
1,574,061
l J74.061
1,093220
Y4et 1￿collIe
559,874
559.874
957,157
To¢01 fund8 broiight fornArd
8,377,947
.377,947
7.42Q,790
Totpl fuDds ¢4rried forward
io
8,937,821
8,937,821
8,377,947
The siaternent of financial ?¢liviti¢s includes gains and loss¢s re¢o8nised in the perlod.
All incoming and ¢xpended resources delive from continuing activities,
The slatem¢nl of financial activities also eoinplies with the requirements for aTh income and expenditure
account under the Comp8ni¢s Act 2006.
The not¢8 on pages 12 to 21 forni part of these financial statements.
10

CHRIST FAITH TABERNACLE INTERNATIONAL
BalaDee sheet At 3(1 2023
Note
2023
2022
Fixed Assets
Tangibl¢ fix¢d a$sets
8.221.416
8.178.693
CurreDt fI85ets
Debio
Cash al bank and tn hw
248,917
3,140,72S
223.031
2.990,593
Credltors du¢ wlthlm Olle yeAr
(223.709)
(283,585)
N¢t ¢urreDt assets
3,165.933
2.930,039
Total Assets le55 ciirreDt llAbiliti¢J
11,387,349
11,108,732
Credltor8 due afttr year
(2,449,528)
(2,730.785)
Net *S8ets
8,937,821
8.377.947
Income funds
Unr&%tricted Funds
io
8,937,821
8,377,947
These financial siatemenls have bccn prcpard in accordance with the special provisions of Part 15 of the
Companics Ac(2006 Telaling to small companies.
Approved by th¢TrusI￿On.......... ...............
signed on th¢ir behalf by..
Mr S. C. Abameful4
Tn￿tte
Comp4Dy Reg15tratlon No: 05144212
Charity No: l J05674
The notes on pages 12 10 21 fom] part of these financiiil 8lalem¢nts.

CHIUST FAITH TABERNACLE INTERNATIONAL
Stat¢m¢nt of cftsh flows for the year èkdÈd 30 June 2023
Notes
2023
2022
Cash flows from oper&tlng Actlvltl
Cash generated from operatio
15
890,854
1,413,477
Enveltlng aetfthe8
Purchage of tangible assets
DisposÈl of tan8ible assets
{383,689)
125,163
(713,147)
Net t#$b u$¢d ill lllY¢Stltt% a¢tlvlde8
(258.526)
(773,147)
Flnanclng Pdetlvitl
K¢paymenl of borrowin
Jnteresl paid
(312,Q41)
(170.155)
(149,425)
(102,282)
Net easb used ill flDall¢lDg a¢tlvitie8
(482,196)
(251,71n)
Net Inerea8e kn ea8b and cAsb equlvalents
150,132
388,623
Cash and cash equivalents al bcginning of year
2,990,593
1,743,483
Cash and cash ¢qulv8leml$ at end of year
3,140,725
2,990,593
12

CHRIST FAITH TABERNACLE INTV.RNATIONAL
Notes to the i¢coullts for the ye•r ¢￿ded 30 JUD¢ 21>11
A¢£ouDtillg polic1¢$
Cbarlty Informtlo
Christ Faith TabGrna¢l¢ Inl¢rnational is a private company limiied by guarantee incorporated in
England and Wales. Bet1￿sda Building, 56-62 New Cross Road, London, SE14 5BD.
(a)
Basls of preparlng the financlal 8tstements
The accounts have b¢¢n prepared in a¢cordancc with the FRS 102 'The Financial Reporting
Sillndard &ppli¢abl¢ in the UK and R¢public of Irelaftd" ("FRS 102'),"AcLouniing and Reporting
by Charili¢s" tlje Statemenl of Recommended Practice for Charities applying FRS 102, the
Compani¢s Act 2006 ond UK Gcncrdlly Acccpled A￿Ounting Practice. The Company is a Public
Benefil Entily os defiDd by FRS 102.
The ac¢ounls are prepar￿ in Sterling. which is the ￿ne110n￿l CU￿t￿rY of th¢ entity. Monetary
amounts in Ih¢se financial stat¢rn¢nl8 arc round￿ lo the nearest £.
The accounts h8v¢ b¢¢n pr¢parcd unde¥ the historical ¢08¢ ¢onv¢ntion. The principal accounting
poli¢i¢s adopt¢d are set oul below.
Under Comp&tiies Aet 2006 5454, on a voluntary basis. th¢ tn￿te¢S can Amend these finanoial
statements if they sub5quently PTove to bedefectiv¢.
The financial st£lemcnts have be¢n pr¢par¢d on th¢ basis that the fi]ndomental accouniing eoneept
of soing concem is applied, In 2011 the charitable company purchased a fr¢¢hold propcrty whid]
wa8 finan¢¢d by w&y of a bank loan of £3.885m. In light of this, cash flow forcca$ls hav¢ been
prepared on a monthly basis to ensure the chArit8ble eompany complies wilh the bank Gov¢nants,
which il has done, and it is Considered that the charitable company will b¢ able lo con¢inu¢ in
operational exista￿e for the foreseeable future.
On thc basis of ih¢ foregoing the Trustees consider that the going concern concept continu¢ lo be
appropriale And has Ih¢refore been applied.
Ib)
Incorning re80urees
Voluntary income ineluding donations. gifts and legac&es aro re￿8n1￿j wh¢re thert 1$
entitlement, which is generally on receipt, and the amount can be measurd with sufficient
ieliability.
Jnveslment incorne is recognised on a receivable btisi8.
{e)
Tanglble flxed assets
All relevanl assets are capitalised at cosl at the lime OfpU￿has¢. Assets ar¢ dep￿cIaleAl from the
da¢e that Ih¢y ar¢ ready for use.
Dcprcciation l]as becn cliargeAI on th¢ fr¢¢hoLd prn)perty in order lo writ¢ off th¢ buildings over
their e*tÉrnated usefvl liv¢s at th¢ rate of29/ts- IS% per annum on cost.
D¢pr¢¢iation is provided to write off the cost of other fixed as8els over IheiT ¢Stimate41 useful lives
al the ral¢ of15•/o - 250/0 per annurn on cost.
Th¢ Truslees review the carrying value for impairment when ¢v¢nts or ¢hange$ in circurnslancKs
indicate the carryin8 value may not be reeover&bl
13

CHRIST FArrH TABERNACLE INTERNATIONAL
Notes to the accounts for the ytar ended 30 June 2023 (CO￿tInUed)
(d)
Resourees expended
Expenditure is [￿o￿ls￿ on acmwls basi8 as a liability is in¢utted. Resou￿￿ expended
includ¢ attributable VAT that caru)ol be recovered and is report¢d as part of the ¢Apenditur¢ to
which it relates:
Cost of 8en¢raling voluntary fijnds cornprise the costs associol¢d with allrn¢ling voluntary
income.
Charitable expenditure comprise$ (hose costs IncU￿¢d by the charitable company in the
delivery of ils activities for 118 ben¢fi¢iaries. li in¢ludes both ¢0818 that can be allocated
directly ro such aciivities and those costs of an indirect nature necessary to SUPPDrt them.
Governance c051s include those costs asso¢iaia with m¢eiing the con5tilulional and
slalutory requirements of the charitable ¢ompany And include the audit fe￿ and costs
lit￿ed lo the Str￿¢81¢ manag¢ment of the charitable con)pany.
All costs ar¢ allo¢atAI bettY¢en the expcnditurc calcgorics of the Stalem¢nt of Ftnancial
A¢tivili¢s on a basis designed lo reflect the use of the r¢$ource. Costs relating to a
particular activity are allocat￿1 directly. others are apportionel on an appropiia¢e b?$is.
(e)
Gener8] fijnds are Unrestrict￿ fjmds whieh are available for use at the discretion of the Thsltts
in ￿rtherance of th¢ general obje¢tive8 of the charitable company and which hav¢ not been
de$ignat¢d for olhBr purpose$.
Reslricled fjjnds ere fimds that account for $itu8lion8 wheTe a donor require8 that a donation mL￿t
be 8penl Im a particular purpose or where funds have been rais￿ for a specific purpose. There
w¢re no such fvnds al 30 June 2023 (2022- £nil).
(fj
Flnance and operatlng lease5
Asse15 pU￿hased under finan¢¢ leases are capilalised as fixed asscts, and Ihc obligations und¢r
such agreements ar¢ i￿]udrd in crcditors. The difference between the c8pilalis¢d cost and th¢
lolal obligalion under the lease r¢presen18 the finance ehArges. Finance ¢harg¢s are written off to
the SOFA over the period of (he lease so as lo produce a constant periodic rate of charge.
R¢nlals applicablc to opcrating Icascs aTe charg¢d lo lh¢ SOFA over Ik period in which the cost
is incurred.
(g)
Employee benefits
Thc ¢osl of any unused holiday entitlen￿lI is reeognised in th¢ period in which the employee's
services are received.
Terminalion b¢nefils 8r¢ ￿OgnISed inuncdialcly as an cxpa)se wh¢n Ihc charity is demonstrably
commillcd io l¢nninal¢ Ihe employment of an ¢mploy¢c or to provide lernlination bcnefils.
(h)
Retlrement benefits
Payrnents to defined conlribulion reliremenl benefit 8chema8 are charged as an cxp¢nsc as Ihcy
fall due.
14

CHRIST FAITH TABERNACLE INTEIU4ATIONAL
Not¢s lo the aceounts for tbe year ended JO June 2023 (co￿￿￿￿ed)
(i)
FiDaDcial In81ruments
The charity has eleeled to apply th¢ provisions of Scdion I I 'Basi¢ Financial ltsslrum¢nl8' lo all
of ils financiAI inslnllnenls.
Financial inslNmenls arer￿0gnl3ed in th¢ charity's balance sheet when the charily becorn¢s party
to the conlihctual provision of the inslrumcnl.
Financial assas and liabililic8 arc offset, with the amounts presented in the fmancial statements,
when there is a legally enforceabl¢ righi lo set off ihe recognised amoutils and Ih¢r¢ is intention
to settle on a n¢t basis or to realise the asset and 6ettl¢ th¢ liabilily 8imuli•neous1y.
Basic fJDAncial Assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs are subsequ¢nily carried al amortiscd ¢osl using the
¢IT￿liVe intcrc51 m¢ihod unless the arrang¢menl con8lilul¢s a flnancing Iransa¢lion, where ihe
Irdll5actions is measured al the present value of the fikn reeeipts dig¢oun¢cd al a mark¢t rat¢ of
&nrereg1. Financial as$cl8 Classified as re¢¢ivable within one year aT¢ not 2morti$ed.
Bi$1¢ finanelil Ilabllliles
Basic financial liabllilies. including creditors are initially reco￿]Sed al Iransactionprice un]ess the
atrangement constituleg a financing trnn8aclion, wher¢ the debt instrnment is D]easured al the
present value of th¢ fulure payments di￿O￿nted at a markel rale of interest. Fillan¢ial Liabililies
Classified as payable within one year ar¢ not amortised.
Debi instrum¢n¢S are subsequently cBrried at &mortisryJ cost, usittg the effeclive interest rale
method.
Trade crediiof8 are obligations to pay for goods or serviees Ihat have been acquired in the ordinary
course of Op￿atiOnS from suppli¢r8. Arnouftis payable Rre classified ￿ ¢UlTent liabilities if
p&ym¢nt 18 du¢ within one y¢ar or IGSS, If not, they are pr¢s¢nled as non-rn￿rent li8bAlities. Trade
edtlors are recognis¢d initially at trnnsaction pric¢ and subswuently measured at amortised cost
using the effective inl¢r¢st Ln¢ihod.
Derecognitloll of fln*nelal IfiAbllltle8
Finan¢ial liabilities Are derecognised when the Fund's coniraetual obligation cxpires or are
dis¢har8ed or can¢¢llel.
Volull¢*ry Income
2023
2022
Donalions
1.773.963
1,706,088
Other Income
2023
2022
R¢nl re£eived
Onlitte advertising
87,656
61
49,533
59
87.717
49,592
15

CHIUST FAITH TAiIERNACLE INTERNATIONAL
Notes to tbe accounts for tbe year ended 30 June 2023 (COntin￿ed)
Net intomlng regoureu for tbe yeAr
2023
2022
This i$ $lated after char￿&
D¢preei#lion
Loss on disposals
Dire¢lors' remuneration (sce note 5)
Auditors, remuneration. audit
Auditors. rcmuncrati(trn- non audil
317.675
17,204
116,513
10,200
2,760
314,712
114,432
8.100
2,586
Aualy$ls of total re8our¢u expended
2023
Total
2022
Totgl
Slaff costs
Church running expense
maint¢nance & repai
Evungelism, ]¥Jnora¥ium
& donations
Sundry office costs
Travcl & moloT expe￿e5
Audit fe
Professional fees
Bank charges & finance costs
LoAn & HP iThtere81
Depreciation
{ProfLtyloss on dispo8al$
Tlmc
214,355
214,355
215,705
Usage
363,184
3,436
366,620
214.497
Direct
Usage
Usage
Direct
UsAge
Usage
Usage
Usage
U5Z4ge
265.963
84.887
81,052
265,963
84,887
81,052
10,200
39,299
6,651
170,155
317.675
17,204
82,300
66,341
53,190
8,100
32.399
3,694
102.282
314,712
10,200
39,299
6,651
170,155
317,675
17,204
£1,560.425
£13.636
£1,574.061
£1.093,220
Staff costs:
2023
2022
M.'Iiistw in chArge
Housing allowance
Wag&8 and salari¢s
Social security cosls
P¢nsion costs
85,313
31,200
80,132
14,486
3,224
83.232
31,200
84,180
13,900
3,193
214,355
215.705
16

CHRIST FAfrH TABERNACLE INfERNATIONAL
Notes to the Accounts for tbe yeAr ellded 30 June 2023 (contlllued)
During the year Rcv¢r¢nd A.T.B. William$, who was also a Tn]$tee Director. eamed £116.513
(2022 £114,432) including £31.200 (2022 £31,200) housin8 allowance for his Service in
fiirthering the ObJ￿Ilve$ of the chorilable eompany. This was the only employee earning in excess
of £60,000. In addition lo Salary and housing allowance, IheTrusle¢ Diree(or also rcceiv¢d benefits
in kind of £2,414 (2022 - £2,394) durins ihe ye4r. Fuff herniore. the charitabl¢ company also
purchased a motor vehicle hl a cost of £88.474 during the year on behalf of Reverend A.T.B
Williams. Pension contributions paid by ¢h¢ charity in respect of R¢ver¢nd A.T.B. Williams w¢re
£1,321 (2022- £1,321).
The auihority foTth¢abov¢r¢munerationpaymentg was given by the charitsble¢ompany's arti¢l¢s
and memorandum of auociatlon.
The total Compensation paid to key managem￿1 personnel is £1 l6,513 (2022 - £114,432).
The charitable conwany dld ttol reirnburse any expense# to the Tnjstees during the y¢ar.
AD*lysls of tot*1 r¢sour¢es expended (conti#ued)
The average numb¢r of ernployees, analY￿d by functio￿ was:
2023
No.
2022
Church
Administration
Tangible flxed Assets
Computer
Ilxtur¢$ &
ÈqulpmeDI
Motor
Vehki
Property
To¢81
At l July 2022
Additions
Disposals
9,965,178
182,762
(50,077)
1,051.644
112,453
(1,086)
157,594
88,474
(74,000)
11,174,416
383,689
(125,163)
At 30 June 2023
10.097,863
1,163,011
172.068
11,432,942
Depredatlon:
At l July 2022
CharBe for the year
On disposals
2.005,596
227,610
(27,710)
833,493
72,130
(162)
156,634
17,935
(74,000)
1995,723
317,675
(101,872)
At 30 June 2023
2.205.496
9YIS,461
100,569
3.211,526
Net book v#lu¢:
At 30 Juue 2023
7,892,367
257,550
71.499
8,221,416
At30 j￿De 2022
7,959,582
218,151
960
8,178,693
17

CHRisf FAITH TABERNACLE INTERNATIONAL
Notes to the aeeounts for the year ended 30 2023 (¢ontinued)
Debtors
2023
2022
Pr¢paym¢nts and a¢etud inwme
Gift Aid recoverable
Other d¢btors
119,645
125,236
4,036
76,806
142,054
4,171
248.91?
223.031
Credltorj due within unc year
2022
Bank108ns (not¢ 9)
Tr8de credito
Taxation and social 5￿UrItY
Oiher crediiors
Accnwls and deferrd ineom¢
112,786
74.2
3,404
13,259
20.060
143,571
[09.392
4.321
11,083
15.218
223,709
283,585
Cr¢dltors due ID more th*n OD¢ y￿r
2022
Bank loans
2,449J28
2,730,785
2,449,528
2.730.785
The bank loan figures incorporat¢ a single loan ftir one property which is as follows:
Ebenezer BulldlDg
The bank loan 1$ rqMyabl¢ monihly ov¢ra tern] of 300 moTh¢hs from Qctobey 2011 with inlerest
th&r8¢d 013,2¥0 above bank base rale and is secured on the freehold property al 186 Pow18
Street, London, known A8 the Ebenezer Building.
19

CHRIST FAITH TABERNACLE INTERNATIONAL
Notss to the accounts for tho year ended 30 June 2023 (continu¢dJ
Credliors due In more than ye&r (condllued)
2023
2022
AllAly$l$ of loana
Bank loans
Bank loans due within (w year
2,562,314
(112,786)
2,874.356
(143,571)
Bank loans due gfi¢r more than one year
2,449,528
2,730,785
L•*ll maturlty allaty81s
Balance due between one and two yew
Balance due be¢w¢en Iwo And fivc y¢a
Balance due mor¢ than fiv¢ yc4ts
122,672
433,878
,892,978
149,656
491,243
2.089.886
10.
Statement of funds
Tolal
Fulld$
2022
Oytgolng
R¢wurces
Totsl
Funds
2023
Resource8
Unrestrlcted fuLd8:
fjeneral funds
£8,377.947
£2.133.935
£1,574,081
£8,937,821
Celleral
Futtd$
Total
FuDds
20
Total
Fund5
2022
Represented by:
Tangible fixed as8cts
Nel cutrent aSset￿(liabIlItle$)
Long term liabilili
8.221,416
8,221,416
8,178.693
3.165,933
3,165,933
2,930,039
(2,449,528) (2,449,528) {2,730.785)
£8,937,821
£8,937,821
£8,377,947
Unrestricted funds
Unreslricid fund$ comprix fvnds which lh¢ TruslKs are free io use in accordance with the
charitable objec¢8.
R￿tricted fuDd8
Th¢w¢ were no restricted ￿ndS during thc year.
20

CHIUST FAITH TABERNACLE INTERNATIONAL
Notes to th¢ a¢¢ounts for the yeAr ended 30 June 2023 (¢ontlnued)
ii.
Flnanclal lllstrnments
Carrying Amount of finr4ll¢tsl a88¢ts {excludlDg eAskn)
2023
2022
D¢bi in81mmenls measured ai amorlised cost
C4rrylng *mount of fillaD¢iAI li*bllltl
2023
2022
Debt insirumenls measured at amortised ciAsl
2,669,833
3,010.049
2,669,833
3.010.049
li
Ultimate controlllng party
The ultimate eontrolling party is considued to be the Trl￿tCe$. as g body,
13.
R¢lated party tr*tstsctlon8
During the year Rev¢rend A.T.B. Williams, who WAS also a Tn￿le¢ Director, earned £116,513
(2022 - £1 I4,432) including £31.200 (2022 £31.200) housing allowance for his scrvic¢ in
furth¢ring Ihe objccliv¢s of the charitable company. In pddilion lo sal8ry and housing
allow8nee, the Ttvst¢e Director a180 received benefits in kind of £2.414 (2022- £2,394) during
the y¢ar. Furtherniore, the charitable ¢ompany also purchascd a motor vehicle 41 a cost of
£88,474 during thc year on behalf of Reverend A.T.B Williams. Pension eontributions paid by
the charity in resp￿¢ of Reverend A.T.B. Williatns were £1,321 (2022- £1.321).
P,0. Williams, who is the 8pouse of A.T.B. Williams. wa5 paid £44.499 (2022 . £41.616) in
Emuneralion for her servicc in furth¢ring the obJ￿I1VeS ofthe charitable cornpany. In additiork
to salary and housing allowan¢¢. the T￿￿te¢ Director al80 IEceived benefits in kind of £2,408
(2022 - £2,394) during Ihc ycar. Pcnsion ¢onlribulions paid by Ihe eharily in respect of P. O.
Williams were £l,1.30 (2022- £J,061).
14.
SbA Ye CApltal
The chdrilable company is limited by guaranlee and has no 8hare capital. Every mcmb¢r of lh¢
charitable company guarantees to ¢ontribute & maximum of £1 on winding up, within one year
after ccasing lo be a m¢mber,
21

cItRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the ytar ended 30 June 2023 (eontlnued)
Is.
Cash gemerattd from op¢rAtlons
2023
21122
Surplu$ for the y
559,874
957,157
AdjustmeDts for
Interest paid
Depreciation and impairnient of tangible fixed assets
Dcprecialion on disposal of tangible fixed assrts
170,155
317,675
(101,873)
102,282
314.712
Movement8 w(trrklDg capltal
(Increase)Idecrease in debtors
Incr¢a8¢1(dc¢r¢ase) in creditors
(25,887)
{29,090)
(29,549)
68,875
890,854
1,413.477
16.
Crltleal aceoullting e$thnate8 Judgement
tn the application of the Charity's accounting policies, the tn￿1¢¢$ are required to make
judgements, estimates and 8$sumplions about the ￿￿Ing Amount of a85elS and liabilitie8 that
are not readily apparcnl from ￿h¢r$ourceS. TheNltmates ond associated 85sumplions are based
on historical experience and oih¢r fa¢lois that are considered to bc rcl¢vanl. Actual results may
differ ftom these estimates.
The estimates and und¢rlying assumptions are revi￿ed on an ongoing basis, Revision8 to
accounting e3limal¢s or¢ recognised in the period in which the estimat¢ is r¢vised wher¢ the
revision affects only that period. or in th¢ period of the revision and ￿tUre periods wh¢r¢ th¢
revisiort aff#ls both ¢urr¢nl and ￿tUre periods.
Annual deprwiation charged for the tangible a88¢18 is sensitive to ¢hang¢s in estimated u8eful
economic lives and residu81 v8lue$ of the assets, which are ones of Ihc ar¢as where judgement
has been applied.
22