Company Registration E40." 05144212 (England and Wales)
Charlty No: IIO5674
CHRIST FAITH TABERNACLE INTERNATIONAL
(A company limited by guarantee)
Annual Report 2nd Financial Statements
For the year ended 30 June 2024
*AEOSF3CI•
1910412025
COMPANIES HOUSE
A6
#193

CHRIST FAITH TABERNACLE llYTERNATIONAL
Reference and admlnlstratlve Informatlon
Trustee5 and Directors
Reverend A.T.B. Williams
Mr. T. O. Adisa
Mr. S. C. Ah3mefula
Mr. O. A. Bilewv
Secretary
Mr. O. A. Bilewu
Reglstered offlee operational Vdddress
Bethesda Building
56-62 New Cross Road
London
SE14 5BD
BAnkers
HSBC
184 High Streer
Brornley
Kent
BRI IHE
Accountants
Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM150UD
Auditors
Beavis Morgan Audit Limited
82 St John Street
London
ECIM 4JN
Solicitors
Well¢rs
Tenison House
Tweedy Road
Bromley
Kent
BRI 3NF
Charity number
1105674
Company number
05144212
Charity website
vw.¢ftchurches.org

CHRIST FA￿H TABERNACLE INTERNATIONAL
Contents
Pages
Trustees, Report
Independent AudiloTS' Report
Statement of Flnancial Activitie$
10
Balanc¢ Sh¢¢t
li
Statement of Cash Flows
12-22
Notes to the Financial Ststements

CHRIST FArtH TABERNACLE INTERNATIONAL
Trustees, AnnuAI Report
for the year ended 30 JuDe 2024
The Trustees present their Annual Report and the audited financial statements for the year ended 30
June 2024. This report is a Directors. Report as required by section 417 of the Companies Act 2006
and a Trustees, Annual Report as required under Part 8 of the Charities Act 2011.
The Trustees confjm that the finan¢i21 statements comply with the requirements of the company's
governing documents, the Charities SOIIP (FRS 102), aDd the Companies Act 2006.
Structure, Governance and Management
Govemin
document
Christ Faith Tabernacle International was incorporated and registered as a charitable company on 3 June
2004 and is limited by guarantee. The governing documenl is the Memorandum and Articles of
Association dated 4 May 2004.
Christ Faith Tabernacle Jnternational was re￿stered as a charity on 31 August 2004.
cruitment and A
ointment of Trustee
The board of Trustees consists of at least three and not more than nine individuals, all of whom must
be members. One third of the Trustees must retire at each AnDual General Meeting, those longest in
office rctiring f￿St. any vacanci¢5 b¢ing fllled by the selection and appointment of suitabl¢ persons by
the Trust¢es.
Trustee Inductioo and Trainin
The existing trustees are already familiar with the practical work of the company.
Additionally. any new trustees ar¢ invited and encournged to attend trdining sessions to familiarise
themselves wilh the company and the context in which it operates, including obligations of Trustees,
Ihe operational framework for the companyi including the Memorandum and Articles. and future plans
and objectives.
Risk Mana
ement
Tbe Trustees carry out continuous assessment to prioritise the company's risks and strengthen our
resilience. We have reviewed the general environment in which the company operates to identify any
serious potential risks and make arran8emenls ¢0 avoid sucb risks OT mitigat¢ their impact. W¢ have
worked to further develop ihe risk management System which included tighlening controls on ih¢
computer systems. We continue to monitor the implementation of the Dlsaster Recovery Plan, and
undertake checks, as appropriate, with the Disclosure and Barring Service (DBS), fornierly Criminal
Records Bureau (CRB), on all those worktng diiectly with children. The robustness of the 'Business
Continuation, plans were tested ai the onset of the Covid-19 pandemic and remote working
arrangements were successfully implemented with minimal disruption to operations.
The charity has mortgages outstanding of £2,455.720 io respect of the Granada Theatre, Woolwich.
Interest is payable on the mortgages at rates linked to base rdte.
revention and Detection of Fra d
The TNstees have overnll responsibility for ensuring thai the cbarity has an appropriate system of
controls. that its assets aTe safeguarded against unauthorised use or disposal, thai the cbaTity complies
with relevant laws alld regulations and for taking reasonable steps for the prevention and detection of
fraud. The Trustees are also responsible for ensuring that the charity is operating efficiently and
effectively, proper records are mainlained and that the financial infomiation used withtn the charity or
for publication is reliable.

CHR]ST FAITH TABERNACLE INTERNATIONAL
Trustees, Annual Report
for the year euded 30 June 2024 (continued)
Governance & Internal Control
The Trustees meet regularly to review the finances and administration of the charity. Th¢ systems of
internal conlrol are designed to provide reasonable assur2n¢e against material misstatement or loss.
They include an annual budget approved by the Trustees. consideration by the TNstees of financial
results, variances from budgets and non-financial performance indicators: dele￿tiOn of authority and
segregation of duties. and ideDts'fJcation and managem¢nt of issues of strate￿¢ and operational
importance to the charity.
Structure
The TNslees are responsible foT the overall running of tlie charity with focus on the following key areas..
Stralegy - agreeing objectives and strategy for the charity and detemiining principles and
policies to meet the overall strategy.
Finance
setting guidelines for and agreeing the annual budget. decith'ng on appropriate
financial monttoring procedur¢s' auth0ri5ing signaiories on bank accounls. agTeeing
bo￿owing5 and 5ecuriti¢s' authorising signature of the Annual Accounts" ¢nsuring adequate
response and action is taken following the annual audit. agreeing investment strategy and
parameters and setting policie5 for reserves.
Personnel - defining policy on Employment Tern]s and Conditions. including disciplinary and
grievance matters. agreeing employee remuneration and salaries.
General - selting parameters for the delegation of auihoTity; review of risk manageDJent wilh
regular reporting and 81ving notice of meetin8S.
Transactions with Related Parties
The transactions with related parties during the year are set out in Note 13.
Objectlves and A¢tlvltle$
The company's principal objectives are the propagation of ihe gospel. the advancement of the Christian
Faith and the relief of poverty.
Eacb year, the Trustees review the objectives and activities to ensure they continue to reflect our aims.
In carying out this review, the Trustees have considered the Charity Commission's genernl guidance
on public ben¢fit and in particular its supplementary public guidance on the advancernent of religjon
for the public benefit.
Aehlevements, Performance and Plans for the Future
Our charity remaijjs steadfast in its commitment to creating meaniDgfid change in London, the U
Europe, and globally. This year, our international presence continues to support communities through
impactful missionary work ID Gernjany. the Republic of Ireland, Nigeria. India, Republic of Benin. and
Cote d'lvoire. Our ongoing project in Nigeria. the Jes￿8 City Project (A Refuge for Nations), remain5
in its forn)ative phase, with significant investment required to transfonn the 400-acre site into a centre
for community developmenL education. and spirifual growth. While progress has been made in laying
. the groundwork, substantial resources and paTthetships are still needed to bring this vision to fiuition.

CIIRIST FAITH TABERNACLE INTERNATIOIYAL
Trustees. Annual Report
for the year ended 30 June 21124 (tontinued)
We have also made significant progress in using digital platfornis to engage a broadeT 3udienc¢. Our
church programs are now accessible worldwide through live webcasts and social media such as
YouTube and Facebook, and our television broadcasts on the Faith Channel have been met with positive
responses both locally and internatlODally. This integration of online and in-person services ensures that
our re2ch extends far beyond our immediale community, strength¢niDg conne£tions with those who
may not be able to attend in person.
Throughout the year, we hav¢ hosted a wide rnnge of community ¢vents, including health and cancer
awareness seminats. PTayer conferences, business workshops, drama PToductions. rnusical concerts, aDd
leadership training sesstons. These initiatives have provided valuable resources, knowledge, and
5UPPOrt to individuajs and families, reinforcing our conimilment to holistic well-being, personal growth.
and community empowerment. Additionally, we continue to prioritise the professional development of
our members, offering targeted workshops and seminars covering leadership, communication,
entrepreneU￿hlp, and financial literacy. By equipping individuals with the necessary skills and
l(nowledge, we empower them to navigai¢ today's competitive World and contribute meaningfully to
society.
A key area of focus this year has been our food distribution programme, in partnership with
Neighbourly. Through this initiative, we have received generous food donations from well-known
superniarkets, including Marks & Spencer. Aldi, and Pret A Manger. This collaboration has not onjy
helped rcduce food was1¢ but has also provid¢d fresh, nutritious meals to hom¢less individuals and
families experiencing financial hardship. By actively distributing surplus food 10 those in need, we have
been able to extend vital support lo some of the most vulnerable members of our community. ensuring
they receive nourishment and relief during difficult times. This programme has become a cornerstone
of outrea¢h work, reinforcing our mission to serve with compassion and generosity.
The Dorcas Group continues to be a pillar of support within our churcb community, providing
emoiional. physical, and financial assistance to those in need. Their efforts have been instrumental in
upholding our ethos of care and tnclusion, particularly for older individuals, widows, widowers, and
those facing economic hardships. Our youth-focused inttiatives, including Young Professionals in
Christ (YPiC} and Youth of Royal Destiny {YORD). remain centTal to our vision of inspiring and
eqLLipping young individuals to achieve their full poterttial. Throtsbli aA'A'ay of mentOTsh4) progroms,
workshops, career development seminars, and enrichment activities, we continue to foster confidence,
networking skills, and a sense of purpose among our youth.
Our commitment to education extends beyond professional development. We have actively SUp￿rted
academic excellence by providing scholarships, tutoring sessions, mentoring programs, and study
workshops aimed at enhancing critical thinking and problem-solving abilities. These initt'atives help
students excel academically, build confjdence, and develop lifelong skills that will serve them in their
future career5. Beyond academics, we have also organised leadersbip Iraining, perSODal development
semtnars. and career guidance session5, equippjng young individuals with the necessary tools to ircome
future leaders and contributors to society.
Our"Catch Them Young (Cty)" program for children under 12 continues to play a crucial role i
shaping the next generation. Through Sffuctured Bible study sessions, WOTksbops, and educational
trips, we instill fundarnental values while nurturing a deeper understanding of faith, culture, and
history. By providing a strong moral and educational foundation, we empower ¢hildr¢D with the
knowledge and confidence to thrive in their fonnative yeaps and beyond.

CHRIST FAITH TABERNACLE INTERNATIONAL
Trustees, Annual Report
for the year ended 30 June 2024 (continued)
After years of searching for a suitsble location, we were delighted to acquire a pennanent pla¢¢ of
worship for our congregation in Bristol City. This milestone marks a significant slep forward in
establishing a dedicated spiritual bome wbere members can gather for W0￿h1p, fellowship, and
community activities. The new facility will provide a stable and welcoming environment for our
growing congregation, enabling the charity to expand our outreach efforts and strengthen our presence
tn the region. This acbievement reflects our unwavering commitment lo serving the spiritual and
practical needs of our members while creating a lasting foundation for future generations.
Looking ahead. we are embarking on a major redevelopment project: the revitalisation of Bethesda
Building in New Cross Road, London SE14. This ambitious initiative seeks to create a multifunctional
space that will serve as a hub for worship, affordable housing, and community services.
The rejlevelopment will include:
A state-of-the-art worship facility, designed to provide a welcoming and inclusive environment for
spiritual growth, fellowship, and community engagement.
Affordable housing units to help address the pressing housing crisis in London, providing secure
accommodation foi those in ne¢d and supporting efforts to tackle homelessness.
A children's day centre. offering essential childcare services such as early education PTograms,
afterschool care, and recreational activities lo support workijjg parents and foster child
developmenl.
Multipurpose rooms. recreational spaces, and counselling services, which will serve as hubs for
Community gatherings, educational workshops, and social support initiatives.
The transformation of Bethesda Building represent5 a significant opportunity to enhance our charity's
ability to support the most disadvantaged and vulnerable individuals in our community. By inlegrating
spiritual, soci81, and practical resources, we aim to create a sustainable inodel that fostets long-tenn
empowernient, slability, and hope for the future.
As we move forward, we remain committed to expanding our impact, strengthening our partnerships,
and continuously evolving to meet the changing needs of the communities we serve. Through faith.
dedicalion, and collective aclion, we will continue to brin8 posilive, lasting change to lives both locally
and globally.

CHRIST FAITH TABERNACLE ThTERIYATIONAL
Trustees, Annual Report
for the year ended 30 June 2024 (continued)
Flnancial Revlew
The movement of the Charity's financtal resources for the year is shown in the Statement of Financial
Activities on page 9. The highlights are..
totsl incoming resources of £2,387,847 (including Gift Aid recoverable of £293.302)'
total outgoing resources of £1,668,258. and
general fund of £9,657,410 carried forward to 2024125.
Princi
al Fundin
Sources
The principal funding source for the Charity is donations from the congregations at services held.
Reserv
It is the policy of the Charity to maintain sufficient unrestricted funds to cover management and
administration costs for a period of 3 months. When deciding the level of reserves, the Trustees take
into consideration the forecasts for levels of income and expenditure for the coming year. the reliability
of each source of income and the prospects for opening up new sources. The Trustees consider the
current level of unrestricted funds maintained by the Charity is deemed adequate. In the light of the
long-temi loans taken out on the freebold properties purchased for the Charity's iDtended use, sufficient
reserves must be maintained to fund th¢ related financ¢ Costs and satisfy the loan ¢ov¢nants until ihese
loans are fully repaid.
Restricted funds are funds that account for situations where a donor requires that a donation must be
spent on a particular purpose or where funds have been raised for a specific purpose. There are no
restricted funds at present,
Statement of Trustees, responsibilities
The Trustees (who are also the directors for the purposes of company law) are responsible for preparing
the Annual Report and financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under tbat
law the trustees must prepare the financial statements in accordance with the United Kingdom Generdlly
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under
company law the truste¢s must approve the financial statements unless they are satisfied that they give
a true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure. of the charitable company for the
period.
In preparing these financial statements the Trustees are required io..
select suitable accounting policies and apply them consistently;
observe Ihe methods and principles in the Charities SORP.
make judgements and estimates that ar¢ reasonable and prudent.
state whetheT applirable UK accouDting standards have been followed. subject to any material
departures disclosed and explained in the financial statements. and
prepare the finaDcial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue to operate.

CHRIST FAITH TABERNACLE INTERNATIONAL
Truste¢s' AnnuAI Report
for the year ended 30 June 2024 (continued)
Statement of Trustees, responslbllltles (contlnued)
The Trustees are responsible for keeping adequate accounting Tecords that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial p051tion of the charitable Company and to enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of th¢
charilable compaDy and hence for taking re&sonable steps for the prevention and detection of fraud and
other irregularities.
The Trustees confinrA that so far as they are aware, there is no relevant audit inforn]ation (as defined by
section 418(3) of the Companies Act 2006) of which the charitable company's auditors are unaware.
They have taken all the steps that they ought to have taken as trustees in order to make themselves
aware of any relevant Pdudit infornmtion and to establish that the charitsble company's auditors are aware
of that inforn)ation.
This report has been prepared in accordance with the provisions applicable to the small companies,
regime.
Approved by the Trustees and signed on their behalf by:
Mr O. A. Bllewu
Trustee
Date: 30 March 2025

INDEPENDENT AUDITORS. REPORT TO TEtE TRUSTEES OF
CHRIST FAITH TABERNACLE INTERNATIONAL
Opinion
We have audited the financial statements of Christ Faith Tabernacle International (the 'charitable
company,) for the year ended 30 June 2024 wbich comprise a Statement of Financial Activities, the
Balance Sheet, the Statement of Cash Flows and notes to the financial ststements, including a summary
of significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and the United Kingdom Accounting Standards, includiiig Financial
Reporting Standard 102 The Finance Reporting Sidndard applicable in the UK twd Republic oflreland
(United Kingdom Generdlly Accepted Accounling Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and
of its incoming resource5 and application of Tesource5. including its income and expenditure,
for the year then ended.
bave been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis.for opinion
We conducted our audit iii accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor'$
responsibilities for the audit of the financial statements section of OUT r¢port. We are iDdep¢ndent of the
charitable company in accordanc¢ with the ethical requirements that are r¢levant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng eoneern
In auditing the financial statements, we have concluded that the trustees, use of the goingconcern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have nol identified any material uncertainlies relating to
events or conditions that, individually or collectively, may cast significant doubt on the company's
ability to continue as a going concern for a period of at least twelve months from when th¢ fiI)aiiLial
5tat¢ments are authorised foi issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other inforniation comprises the infonnation
included in the annual report other than the financial statements and our auditor's report thereon. Our
opinion on the financial statements does not cover the other information and, except to the extent
othenvise explicitly stat¢d in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our r¢sponsibility is to read the other
infonnation and, in doing so, consider whether the other infomiation is materially inconsistent with the
financial statements or our knowledge obtained in tlje audit or otherwise appears materially misstated.
If we identify such material inconsistencies or apparent material misstslements, we are required to
detennine whether there is a material misstatement in the financial statements or a m".----.
misslatement of the other inforniation. If, based on the work we have performed, we conclude that there
is a material misstatement of this infom)ation, we are requir¢d to report ihat fact.
We have nothing to report in thAS regard.

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF
CHRIST FAITH TABERNACLE INTERNATIONAL (continued)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit".
the infomiation given ID the tNstees' report, which includes the directors. report prepared for
the putposes of company law, for the financial year for which the financial statements are
piepared is CODSlStenl with the finantial statements- and
the trustees, report, which includes the directors, report prepared for the purposes of company
law, has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained
in the course of the audiL we have not identified material misstatements in the directors, report included
within the trustees. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us lo report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us. or
the financial statements are not in a￿eement with the accounting records and returns. or
certain disclosur¢s of trustees, remuneration specified by law are not made; or
we have not received all the infonnation and explanations we require for our audit; or
the tsustees were not entitled to prepate the financial statements in accordance with the small
companies. regime and take advantage of the small companies, exemption in preparing the
trustees, report and from the requirement to prepare a strategic report.
Responslbilitles of trustees
As explained more fully in the trustees, responsibilities stgtemen¢ set out on pages 4 and 5 th¢ trustces
(who are also the directors of the charitable company for the purposes of company law) are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view.
and for such internal control as the trustees detemiine is necessary 10 enable the preparation of financial
statements that are free from tnaterial misstatcment, whether due to fraud or error.
In preparing the financial siatemenls, the t￿ste￿ are responsible for assessing the cbaritable company's
ability to continue as a going concern, disclosing, a5 applicable, matters related to going concern and
using the going concern basis of accounting unless the trustees either intend or liquidate the charitable
company or to cease operations, or have no realistic alt¢rnative but to do $0.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain Teasonable assurance about whether the financial ststements as a whole are
free fTom material misstatement, whether due to fraud or error, and to issue an auditor's report that
included our opinion. Reasonable assurnnce is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exisls. Misstatements can 8ris¢ from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influ¢n¢e the economic decisions of users taken on the
basi5 of these financial statements.
The extent to which procedures are capable of detecting irregularities, including hud, is detailed below.

INDEPENDENT AiJDTTORS' REPORT TO THE TRUSTEES OF
CHRIST FAITHTABERNACLE INTERNATIONAL (continued)
Extent to which the audit eonsidered capable of detecting irregularities, including fraud
Discussions with and enquiries of management and those charged with governance were held with a
view to identifying those laws and regulations that could be expected to have a material impact on the
financial statements. During the engagement team briefing) the outcomes of these discussions and
enquiries were shared with the team, as well as consideration as to where and how fraud may occur in
the entlty.
The following laws and regulations were identified as being of sibrnificance to the Cntity:
Those laws and regulations considered to have a direct effect on the financial statements
include UK financial reporting standards, charity SORP. company law, and pensions
legislation.
Audit procedures undertaken in response to the potential risks relating to itTegularities (wbich include
fraud and non-compliance with laws and regulations) Comprised of.. inquiries of management and
those charged with governance as lo whether the entity complies with such laws and regulations"
enquiries with the same concerning any actual or pot¢ntial litigation or claims; inspection of relevant
legal correspondence. review of board minutes- testing ihe appropriateness of journal entries- and the
performance of analytical review to identify un¢xpect¢d movements in account balances which may
be indic8tivc of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting
i￿egulaTit1e$, including fraud, is limited by the inherent ditriculty in detecting irregularities, the
effectiveness of the entity's controls, and the nature, timing and extent of the audit Procedures
perfornied. Irre8ulaiities that result from fraud migbt be inherently more difficult to detect than
irregularities that result from error. As explained above, there is an unavoidable risk that material
misstatements may not be detected, even though the audit has been planned and perforn)ed in
accordance with ISAS (UK).
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council'5 websile at.. https://www.frc.org.uklauditorresponsibilities. This
description fornis part of our auditor's report.
Use of our report
This report is rnade solely to the charitable company's members, as a body, in accordance with Cbapter
3 of Part 16 of the Companies Act 2006. Our audit work h&s been undertaken so that we might state to
the charilable company's members those matters we are required to stat¢ to them in an auditor's report
and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume
responsibility to anyon¢ other than the charitable company and the charitable company's members as a
body, for our audit work, for this Teport, or for the opinions we have fornied.
Date:
Matthew Burge
for and on behalf of Beavls Morgan Audit Llmlted
82 St John Street
London
ECEM4JN
Chartered Accountanl$
Statutory Auditor

CHRIST FAITH TABERNACLE INTERNATIONAL
Statement of Financial Activities (including Income and Expenditure Ac¢ount)
for the year ended 30 June 2024
Year ended 30 June 2024
Year ended 30 June 2023
Unrestrltted
Funds
Total
Funds
Total
Funds
Notes
Income
Income from:
Donations
Gift Aid on donations
Investment incom¢
Charitable activities
1,930,411
293,302
31,817
132,317
1,930,411
293,302
31,817
132,317
1,773,963
272,255
87,717
Total Income
2,387,847
2,387,847
2,133,935
Expenditure on:
Charitable activities
Finance costs, interest payable and
other charges
Governance costs
1,436,213
,436,213
1,383,619
2 J 6,762
15,283
216,762
15.283
176,806
13,636
Total expendlture
1,668,258
1,668,258
1.574,061
Net income
719,589
719,589
559,874
Total funds brought forward
8,937,821
8,937,821
8,377,947
Total funds carrlcd forward
li
9,657,410
9,657,410
8,937,821
Th¢ statement of financial activities includes all gains and losses recognised in the period.
All incoming and expended resources derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
The notes on pages 12 to 22 fomi part of these financial statements.
10

CHRIST FAMI TABERNACLE ll¥TERNATIONAL
Balance sheet at 30 June 2024
Notes
2024
2023
Fixed assets
Tangible fixed a55et5
,371,735
8.221,416
Current assets
Debtors
Cash at bank and in hand
193,305
3,641,214
248,917
3.140,725
Creditors due Jvitbin one year
(213,668)
(223,709)
Net current assets
3,620,851
3,165,933
Total &55ets less current Ilabllitle5
1 È,992,586
11.387,349
Creditors due after one year
10
(2,335,176) (2,449,528)
Net assets
9.657,410
8,937,821
Income funds
Unresttict¢d Funds
9,657,410
8.937,821
These financial statements have been prepared in accordance with the special provisions of Part 15 of
the Companies Act 2006 relating to small companies.
Approved by the Tnjstees on 30 March 2025 and signed on their bebalf by:
Mr S. C. Ahameful
Trustee
Company Reglstratlon No: 05144212
Charlty Iyo: 1105674
The notes on pages 12 to 22 fonn part of these financial ststements.

CHRIST FAITH TABERNACLE INTERNATIONAL
Statement of eash flows for the year ended 30 June 2024
Notes
2024
2023
Cash flows from operating activities
Cash generated from operdtions
16
1.268,412
890.854
Investing activities
Purchase of iangible assets
Disposal of tangible assets
(480,669)
31,757
(383,689)
125,163
Net cash used In Inve5tln% actlvltles
(448,912)
(258,526)
Finanelng activities
Repayment of borrowings
Interest paid
(106,594)
(212,417)
(312,041)
(I70,155)
Net cash used fin financlng actlvltles
(319,011)
(482,196)
Net increase In cash and cash equlvalents
500,489
150,132
Cash and cash equivalents at beginning of year
3,140,725
2,990,593
Cash and cash equiv8lent$ at end of year
3,641,214
3,140,725
12

CHRIST FArrH TABERNACLE INTERNATIONAL
Notes to the aeeounts for the year ended 30 June 2024
Accounting polities
Charity information
Christ Faith Tabernacle International Trs a private company limited by guarantee incorporated
in England and Wales. Betbesda Building, 56-62 New Cross Road, IA)ndon, SE I4 SBD.
(a)
Basls of preparlng the flnanclal statements
The accounts liave been prepared in accordance with tlie FRS 102 "The Financial Reportii)g
Standard applicable in the UK and Republic of Ireland" ("FRS 102"), "Accounting and
Reporting by Cbarilies" the Statement of Recommended Practice for Charities applying FRS
102, the Companies Act 2006 and UK Generdlly Accepted Accounting Practice. The company
is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling, whith is the functional currency of the entity. Monetary
amounts in these financial statements are rounded io the nearest £.
The accounts have been prepared under the historical cost ¢ODv¢ntion. Th¢ principal accounting
policies adopted are set out below.
Under Companies Act 2006 s454. on a voluntary basis, the trustees can amend these financial
statements if they subsequently prove to be defective.
The financial statements have been prepared on the basis that the fundamental accounting
concept of going concern is applied. In 201 L the charitable company purchased a freehold
property which was financed by wèy of a bank loan of £3.885m. In light of this, cash flow
forecasts have been prepared on a monthly basis to ensure the eharitable company complies
with the bank covenanls, wliich it has done, and it is considered that the charitable company
will be able to continue in operational existence for the foreseeable future.
On the basis of the foregoing the Trustees consider that the going concern concept continue to
be appropriate and has therefo￿ beeD applied.
(b)
Ineomlng resources
Voluntary income includtng donalions, gifts and l¢gacies are recognised where there is
entitlement, whicb is generally on receipt, and the amount can be measured with sufficient
reliability.
Investment income is recognised on a receivable basis.
(c)
Tangible fixed assets
All relevant assets are capitalised at cost at the time of purchase. Assets are depreciated from
the dak that they are ready for use.
Depreciation has been charged on the freehold property in order to write off the buildings over
their estimated usefvl lives at tbe rdte of 2Y• - 150/0 per annum on cost.
Depreciation is provided to write off the cost of other fixed assets over their estimated useful
lives at the rate of15V/o - 250/0 per annum on cost.
The Trustees.review the carrying value for impainnent when ¢vents OT changes in
circumstances indicate th¢ Ca￿ying value may not be recoverable.
13

CHRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
(d)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Resources expended
include attributable VAT that cannot be recovered and is reported as part of the expenditure to
which it relates:
Cost of generating voluntary funds Comprise the costs associated with attracting
voluntary income.
Charitable expenditure compri$¢s those Costs incurred by the ¢haritabl¢ company in the
delivery of its activities for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support
them.
Governance costs in¢lude those Costs associated with meetÉng the constitutional and
statutory requirements of the charitable company and include the audit fees and costs
linked to the strategic management of the charitable company.
All costs are allocated between the expenditure ¢ategori¢s of the Statement of Financial
Activilies on a basis designed lo reflect tl)e use of the resource. Cosls relating to a
parttcular activity are allocated directly; others are apportioned on an appropriate basis.
(e)
Funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees
in furtherance of the general objective5 of the charitable company and which have not been
designated for other purposes.
Restricted funds are funds that account for situations where a donor requires that a donation
must be spent on a particular purpose or where funds have been raised for a specific purpose.
There were no such funds at 30 June 2024 (2023 - £nil).
(o
Flnance and operatlng leases
AsseL8 purchased under finance leases are capltalised as fixed assets, and the obligations under
such agreements are included in creditors. The difference between the capitalised cost and the
total obligation under the lease represeDts the finance charges. Finance charges are written off
lo the SOFA over the period of the lease $0 as to produce a constant periodic Tate of charge.
Rentals applicable to operating leases are charged to the SOFA over the period in which the
cost is Incurred.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's
services are received.
Temiination benefits are recognised immediately as an expense when the charity is
demonstrably committed to lem)inat¢ the employinent of an employee or to provide termination
benefits.
(h)
Retirement benefits
Payments to defined contribution rctirement b¢n¢fit schemes are charged as an expense as they
fall due.
14

CHRIST FAITH TABERNACLE EITERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (tontinued)
(i)
Financial instruments
The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, to
all of tts financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes
party to the contractual provision of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in tbe financial
5tstements, when there is a legally enforceable right to Set off the recognis¢d amounts and there
is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Bgsie financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured
at transaction price includtng transaction costs are subsequently carried at amortised cost usin8
the effective interest method unless the a￿angerneTrt constitutes a financing transaction, where
the transactions is measured at the present value of the future receipts discounted at a market
raie of tnt¢rest. Financial &ssets classified as receivable within one year are not amortis¢d.
Basic financial liabilities
Basic financial liabilities, including Creditors are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future payments discounted at a market rnte of interest. Financial
liabilities classified as payable within one year are not amortised.
Debi instruments are subsequently carried at amortised cost, using the effectiv¢ int¢r¢st rale
method.
Trade creditors are obligations to pay for goo(ts or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as current
liabilities if payment is due witbin one year or less. If not, they aTe presented as non.current
liabilities. Trade creditors are recognised initially at transaction price and subsequently
measured ot amortised cost using the effective interest meihod,
Dereeognltlon of financial IIAbllities
Financial liabillties are derecognised when the Fund's contractual obligation expires or are
discbarged or cancelled.
Voluntary Income
2024
2023
Donations
1,930,41
1,773,963
IDvestment income
2024
2023
Bank interest received
31,817
15

CIIRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
Other income
2024
2023
Rent received
Insurance settlement received
Online advertising
104,353
27,964
87,656
61
132,317
87,717
Net Intoming resources for the year
2024
2023
This is stated after charging:
Depreciation
(Profit)ILoss on disposals
Directors, remuneration (see note 6)
Auditors. remuneration - audit
Auditors, remuneralion - non audit
330,054
(28,905)
116,097
12,090
1,050
317.675
17,204
116,513
10,200
2,760
Analysls of total resources expended
2024
Tot41
2023
Total
Staff costs
Church running expenses,
maintenance & repairs
Evangelism, honorarium
& donations
Sundry office costs
Travel & motor expenses
Audit fees
Professional fees
Bank charges & finance costs
Loan & ItP interest
Depreciation
(Profityloss on disposals
Time
233,948
233,948
214,355
Usage
443,409
3,283
446.692
366,620
DiTect
Usage
Usage
Direct
Usage
Usage
Usage
Usage
Usage
195,237
125,663
87,315
195.237
125,663
87,315
12,000
49,492
4,345
212,417
330.054
(28,905)
265,963
84.887
81,052
10,200
39,299
6,651
170,155
317,675
17.204
12,000
49,492
4,345
212,417
330,054
(28.905)
£1,652,975
£15,283
£1,668,258
£1,574,061
StatT costs:
2024
2023
Minister in charge
Housing allowance
Wages and salaries
Social security costs
Pension costs
84,897
31,200
98,729
15,532
3,590
85.313
31.200
80,132
14,486
3,224
233,948
214.355
16

CHRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
Analysls of total resources expended (continued)
During the year Reverend A.T.B. Williams, who was also a Trustee Director, earned £116,097
(2023 £116,513) including £31,200 (2023 £31,200) housing allowance for his service in
furthering thc objectives of the charitable company. This was the only ernployee earning in
excess of £60,000. In addition to salary and housing allowance, the Trustee Director also
received benefits in kind of £458 (2023 - £2,414) during the year. Pension ¢oiitributions paid
by the charity in respect of Reverend A.T.B. Williams were £1,321 (2023 £1,321).
The authority for the above remuneration payments was given by the charitable company,
articles and memorandum of association.
The total compensation paid to key management personnel is £116,097 (2023 - £116,513).
The charitable company did not reimburse any expenses to the Trustees durin8 the year.
The average number of employees, analysed by function. was:
2024
No.
2023
Church
Administration
TAnglble flxed assets
Frethold
Property
Compu¢tT&
rixlures &
equlpment
Motor
Vehicles
Tolal
At 30 June 2023
Additions
Disposals
10,097,863
454.263
1,163,011
26,406
(2,958)
172,068
11,432,942
580,669
(31,758)
(28,800)
At 30 June 2024
10,552,126
1,186,459
143,268
11.981,853
Depreciation:
At 30 June 2023
Charge for the year
On disposals
2,205,496
239,851
905,461
72,268
(2,662)
100,569
17,935
(28.800)
3,211,526
330,054
(31,462)
At 30 June 2024
2,445,347
975,067
89,704
3,510,118
Net book value:
At 30 June 2024
8,106,779
211,392
53,564
8,371,735
At 30 June 2023
7,892,367
257,550
71,499
8,221,416
17

CHRIST FAITH TABERNACLE INTERNATIONAL
No¢e$ to the •¢counts for the year ended 30 June 2024 l¢ontlnved)
T•n￿bIt flxed iwts (¢tsntittu£d)
Freehold Property
Ebenezer
B¥lld1tt8
Bethe&d
Bulldlng
215 Ilderlo
Rowd
6 Gawnt
L#Ne
Th¢ Apoit•ll¢
Churth
Unlt 4B
Ros¢mount
Dublln
131, 132&
132•
Woolwlch
Hl&h Str¢e¢
Llft Chureh.
48 Fortst
Road
Totwl
Coit:
Ai 30 June 2023
Addilion$
Di5posllls
7,426,741
50,489
282.433
202,904
191.933
252,918
629.755
10.097.863
454.263
68,888
334,886
AI 30 June 2024
7.477.230
1.180.047
282.4J3
202,904
191,9S3
252,918
629,755
334,886
10,552,126
D*pr¢¢lgtlon:
Ai 3Q June 2023
Charge for Iht y¢•r
On di$poso1s
,699,761
173,659
306,311
26.835
91,075
5.648
32,213
4,184
30,712
3.839
20.234
5,058
25,190
12,596
2,205.496
239.851
8,032
At 30 Jun¢ 2024
,873,420
333,146
96.723
36,397
34.5S1
25,292
37,786
8,032
2.445,347
P4et book vAIu¢:
At 30 June 2024
5,603,810
846.901
185,71D
166,507
157,402
227,626
591,969
326,854
8.106.779
At 30 Jun¢ 2013
5,726.980
804,848
191,358
170,691
232.684
604,565
7.892.367
18

CHRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
Debtors
2024
2023
Prepayments and accrued income
Gift Aid recoverable
Other debtors
113,377
76,407
3.521
119,645
125,236
4,036
193,305
248,917
Credltors due wlthln one year
2024
2023
Bank loans (nole 10)
Trade creditors
Taxation and social security
Other creditors
Accruals and defeTTed income
120,543
49,935
3,521
15.129
24,540
112,786
74,200
3,404
13,259
20,060
213,668
223.709
io,
Credltor$ due In more thAn one year
2024
2023
Bank loans
2,335.176
2,449,528
2,335,176
2,449,528
The bank loan figures incorporate a single loan for one propety which 15 as follows:
Ebenezer Buildfing
The bank loan is repayable monthly over a term of 300 months from October 201 I with interest
harged at 3.20/0 above bank base rale and is secured on the freehold property at 186 Powis
Stree¢ London, known as the Ebenezer Building.
2024
2023
Analysls of loans
Bank loans
Bank loans due witbin one year
2,455,719
(120,543)
2,562,314
(112,786)
Bank loans due after more than one year
2,335.176
2.M9,528
Loan maturlty analys1$
Balance due betw¢en one and two year5
Balance due between two and five years
Balanc¢ due more than five years
13J.180
466.320
1,737,676
122,672
433,878
1.892,978
19

CHRIST FAITH TABERNACLE ll¥TERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
Statement of funds
Total
Funds
2023
Incoming
Resources
Outgoing
Resources
Total
Funds
2024
Unrestricted funds:
General funds
£8,937,821
£2,387,847
£1,668,258
£9,657,410
General
FuDds
Total
Funds
2024
Total
Funds
2023
Represented by:
Tangible fixed assets
Net tU￿ent assets/(liabilities)
Lon8 term liabilities
8.371.735
8,371.735
8,221,416
3.620,851
3,620,851
3.165,933
(2,335,176) (2,335,176) (2,449,528)
£9,657,410
£9,657.410
£8.937,821
Unrestrieted funds
Unrestricted funds comprise funds which the Trustees are free to use tn accordance with the
charitable objects.
Restricted funds
There were no restricted funds during the year.
12.
FlnanelAI Instruments
Carrying amount of fiTr8ncial assets (excluding cash)
2024
2023
Debt instruments measured at amortised cost
Carrying amount orrinanci21 Ilabilltie$
2024
2023
Debt instruments measured at amortised cost
2,545,323
2,669,833
2,545,323
2,669,833
13.
Ultimate controlling party
The ultimate controlling party is Considered to be the Trustees, as a body.
20

cItRIST FAITH TABERNACLE JNTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (Continued)
14.
Related party transactions
During the year Reverend A.T.B. Williams, who was also a Trustee Director, earned £116,097
(2023 - £116,513) including £31,200 (2023 £31,200) housing allowance for his service in
rthering the objectives of the charitsble company. In addition to salary and housing
allowance, the Trustee Director also received benefits in kind of £458 (2023 £2,414) during
the year. Pension contributions paid by the charity in respect of Reverend A.T.B. Williams were
£1,321 (2023 - £1.321). Furtherniore, the charitable company also owns a motor vehicle with a
carying value £53,084 wbich is used by A.T.B Williams.
P.0. Williams, who is the spouse of A.T.B. Williams, was paid £49,820 (2023 - £44.499) in
remuneration for her service in furthering the objectives of the charitable company. In addition
to salary and housing allowance, the Truste¢ Director also Tec¢ived benefits kj'nd of £458
(2023 - £2,408) during the year. Petlsion contributions paid by the charity in respecl of P. O.
Williams were £1,309 (2023 - £1,130).
15.
Share eapitAI
The charilable company is limited by guarantee and has no share capital. Every member of the
charitabl¢ company guarantee5 to contribute a maximum of £1 on winding up, within one year
after ceasing to be a member.
16.
Cash generrdted from opergti0Th9
2024
2023
Surplus for the year
719,589
559,874
Adjustments for
Inlerest paid
Depreciation and impalrn￿t of tangible fixed assets
Depreciation on disposal of tangible fixed assets
212,417
330,054
(31,462)
170,155
317,675
(101,873)
Movements In worklng capEtal
(IncTease)Idecrease in debtors
Increasel(decrease) An creditors
55,612
(17.798)
(25,887)
(29,090)
.268,412
890,854
21

CHRIST FAITH TABERNACLE INTERNATIONAL
Notes to the accounts for the year ended 30 June 2024 (continued)
17.
Critical accounting estimates and judgement
In the application of the charity's accounting policies, the trustees are Twuired to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recogDised in the period in whicb tbe estimate is revised wbere the
revision affects only that period, or in the period of the revision and fijture periods where the
revision affe¢ts both current and fuNre periods.
Annual depreciation charged for the tan￿ble assets is sensitive lo changes in estimated useful
economic lives and residual values of the assets, which are ones of the areas where judgement
has been applied.
22