2024-12-31-accounts

INCOME AND EXPENDITURE ACCOUNT

Prepared for

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH (CHARITY NUMBER 1106678)

For the period ended 31 December 2024

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

CHURCH INFORMATION

Charity Number 1106678

Trustees Aubrey James Longmore Audrey Ann Marie Mcintosh Carlene Jennifer Parker Heather Derry-Welch Registered Office 124 Newport Road New Bradwell Milton Keynes MK13 0AA Examiners Trackrecords Managment Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 0AJ

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD 1st JANUARY 2024 TO 31st DECEMBER 2024

Notes INCOME 2 Other Operating income Administrative expenses OPERATING INCOME 3 Interest receivable INCOME ON ORDINARY ACTIVITIES BEFORE TAXATION Tax on ordinary activities 4 INCOME ON ORDINARY ACTIVITIES (after tax) RETAINED INCOME CARRIED FORWARD	2024 £ 121,679 103,737 17,942 0 17,942 0 17,942 17,942	2023
		£ 117,617 93,756
		23,861 0
		23,861 0
		23,861 23,861

CONTINUING OPERATIONS:

None of the church's activities were acquired or discontinued during the above financial period

………………………... Pastor

A Longmore

………………………….Treasurer

T Longmore

ACCOUNTANTS REPORT

We have prepared the above accounts without carrying out an audit and from information from Faith Tabernacle UPC's books and records and explanations supplied to us

Opinion

In our opinion, the financial statement give a true and fair view of the state of the charitable company's affairs as at 31st December 20234 and of its incoming resources and application of resources, including its income and expenditure, in the year that ended and have been properly prepared in accordance with the guidance of the Charities Commission.

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

BALANCE SHEET

AS AT 31ST DECEMBER 2024

AS AT 31ST DECEMBER 2024
Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS 7 Amounts falling due within one year Net Current Assets/ (Liabilities) CAPITAL & RESERVES Called up share capital 8 Income & Expenditure reserve Income and expenditure account CHURCH MEMBERS FUNDS	2024 2023 £ £ £ £ 1,140 1,519 496,341 477,522 496,341 477,522 0 0 0 0 496,341 477,522 497,481 479,041 497,481 479,041 0 0 479,539 455,180 17,942 23,861 497,481 479,041		2023
		479,041
		479,041
		0 455,180 23,861
		479,041

………………………………………..Pastor A Longmore

…………………………………………..Treasurer

T Longmore

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

a) Basis of accounting

The financial statements have been prepared under the historical cost convention.

b) Depreciation

Depreciation is provided on tangible assets at rates calculated to write off the cost of each asset over its expected useful life.

The rates used on a reducing balance are as follows:

Computer equipment 25% (100 FYA) where applicable Fixtures & fittings 25%

2. INCOME

Income includes the amount of offerings & tithes provided by members

PENSIONS

The church does not operate a pension scheme

3. OPERATING PROFIT

The operating profit is stated after charging:

Depreciation of tangible fixed assets Pastors remuneration included Pastors pension contributions	2024 £ 477 0 0
	477

4. TAX ON ORDINARY ACTIVITIES

This represents tax @0% based on excess income for the year on ordinary activities

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS

5. TANGIBLE FIXED ASSETS

Cost 1st January 2024 Additions At 31st December 2024 Depreciation Charge for the year At 31st December 2024 Net Book Value @ 31st December 2024	£ 1,617 0
	1,617
	477 477
	1,140

The Church also has a cash building at Market Value of £260,000 as at 4th December 2018.

6. Debtors

Hardship Loans owed current period Other Debtors Cash in Bank and in Hand Barclays Community Account HSBC Building Fund Account HSBC Current Account Petty Cash Depreciation deduction	0 0
	0
	£ 183,484.74 200,738.10 111,823.94 294.18 0.00
	496,340.96

7. CREDITORS-Amounts falling due within 1 year

Tax Trade Creditors Social security and other taxes	£ 0 0 0
	0

8. CALLED -UP SHARE CAPITAL

Authorised 0 ordinary shares of £0 each Allotted, called up and fully paid 0 ordinary shares of £0 each	£ 0
	0

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS

9. Reconciliation of movement in members funds

Profit for the financial year Dividends paid Shares subscribed Closing members funds	£ 17,942 0
	17,942 0
	17,942

Depreciation

EQUIPMENT

Desc. Date bght Premier Computer Supply Projector Leaf Funiture Sound Control Vehicle Talking Head Drums Equipment Sound Control Vehicle Equipment Equipment Sound Control Equipment Total	Cost(BV) 3.35 8.07 11.12 64.64 52.62 24.90 23.15 51.81 1,120.64 78.40 80.79 97.45	Additions	Dep charge 24 0.84 2.02 2.78 16.16 13.16 6.23 5.79 12.95 280.16 19.60 20.20 97.45 0.00	NBV-24 2.51 6.05 8.34 48.48 39.47 18.68 17.36 38.86 840.48 58.80 60.59 0.00 0.00
		0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
	1,616.94	0.00	477.32	1,139.62

FAITH TABERNACLE UNITED PENTECOSTAL CHURCH DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD 1st JANUARY 2024 TO 31st DECEMBER 2024

£ £

INCOME

Gift Aid 15,589.29 Building Fund 10,918.96 Tithes- Gift Aid 59,320.12 Tithes- Non Gift Aid 35,850.65 121,679.02

Expenditure

Accountancy Anglian Water Bank Charge Books Cleaning Donation Employers PAYE Liability Equipment Expensed Fuel General Expenses Gift Insurance Legal Expenses Light, Power & Heating Postage Printing & Stationery Refreshment Repairs & Maintenace Salaries Sanitary Care Software & IT Subscription Telephone Travel UPC Donations UPC Missions UPC Offering UPC Sunday School UPC Tithes UPC Youth Visiting Minister Website Depreciation

1,800.00 375.25 391.97 598.25 1,880.00 1,080.00 7,145.80 589.47 388.71 354.59 3,836.00 1,611.82 250.16 2,445.95 93.55 1,353.15 2,244.24 7,087.14 52,155.24 877.73 770.83 17.98 4,469.86 2,588.40 1,000.00 1,083.30 200.00 110.50 1,930.00 110.50 4,200.00 219.59 477.32

103,737.30

NET PROFIT / LOSS FOR YEAR BEFORE TAXATION

17,941.72

ACCOUNTANTS REPORT

We have prepared the above accounts without carrying out an audit and from information from Faith Tabernacle United Pentecostal Church's books and records and explanations suppplied to us.

Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 0AJ