Registered number 05374898 Amended Accounts The New Testament Assembly. Report and Financial Statements 31 March 2024 These accounts replace the original accounts and are prepared as they were at the date of the original accounts
The New Testament Assem bty Report and accounts Contents Page Charity information Trustees, report Independent examiner's report Statement of financial activities Stal8mènt of financial position Statement Df changes in charitable funds Notes to the financial stat6ments 9-12 Detailed slalem8nt of financial activities 13
The New Testament Assembly Charitable Company Information Trustees Bishop Sean Samuel, National Presiding Bishop Rèv. Ann Marie Spence, General Secretary The Rt. Rev. D. Powell Rev. Tamara Makinwa, Chair Rev. Ope Alabi. Asst. Chair Mr Garfield Allen Miss Jackie Cooke Rev. Deborah Wilson Rev. Melanie Kennedy Miss lonie Town8nd Rev. Sharee Mari8 Pinheiro Secretary Rev. Ann Marie Spence Regist8red office NTA UK Headquarters Beechcroft Road London SW17 7BU Company Reglstered number 05374898 Charity Reglstration number 1109284
The New Testament Assembly Trustees, Report The Trust8es, who are also directors for the purposes of company law, present their annual report and financial statements of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance wtth the provisions of Accounting and Reporting by Charities.. Statement of Recomm8nded Practice applicable lo charities preparing their accounts in accordanc& with the Financial Reporting Standard applicable to the UK and ReDublic of Ireland (FRS 1021 leffective 1 Januarv 2015). Objectives and activities The underlying principle of th8 Charity is that of a religious nature. The main aim is to advance the Christian religion through social action for the public good in accordance with the beliefs and practices of the NTA as slated in its published statement of faith. Activities include, Care and support for the elderly Mental health drop-in Community outreaches Acfvice and counselling support Public beneflt Whilst the above services are intended to address Inequalitiès in the Black and Minority Ethnic community all are equally welcomed. In planning our activities this year we worked in accordance with the Charity Commission's guidance on public benefit. We exist to serve all areas of our community regardless of social differences including race, ethnicity, disability, gender, sexual ori8ntation, religious belief or none. We strive lo promote welfare and cohesion through the provision of social services and culturdl events so improving the mental and phy8ical wellbeina of our local communltv. Financlal Revlaw Signlflcant evenls The Charity made 8 deficit for this year of £12,287 (2023 deficit £3,428). Reserve5 poIIcy The Trustees continuously review the level of free reseNes (those funds not tied up in fixed assets or restricted funds) required to sustain ils operations to completion. Resarvgs are needed to meet the working capital requirements of the Charity and to maintain the current activities of the Charity, At the year end available reserves of the charity, 8xcluding those tied up in fixed a5sels, were £125,619 (2023- £131,282). Investment policy The Trustees have adopted a strong socialty resporTrsible inveslrnent policy for the reseNes of the charity. This policy, in tandem with the need to fulfil our slatulory obligations, has the objective of investing in such a way that the principles of socially responsible investm8nts are Dromoted.
The New Testament Assembly Trustees, Report Structure, governance and management Governing document The New Testament AssembW is a charitable company limited by guarantee, incorporated on 24 February 2005 and registered as a charrty on 3 May 2005. The company was established under a Memorandum of Association which set its objects and powers, and is governed by its Articl8S of AssDCl8tion, as amended by a special resolution dated 25 April 2005. In the event of the company being wound up, the members are required to contribute an amount not 8xceeding £10. Organisational structure At their regular meetings, the board members agree the Board Strategy and areas of activity for the Charity, including the consideration of grant making, investment, reserves and risk manaqement Dolicies and oerformance. The Trustee5 may delegate any of their powers or functions lo a Gommittè& of I0 or more directors. Risk management The Tru8180s actively rèview , on a regular basis, the major risks that the Charity faces and risk register has been established and is updaled at least annualty. Where appropriate, system5 or procedures have been established to mitisate the risks Ihe Charity faces. Signifi¢anl external risks to funding have led to the developm8nt of a strategic plan whiGh will allow for the diversification of funding and activities. Internal control risks are minimised by th8 imDlementation of proc8dures for authorisstion of all transactions. The Trustees have also examined other operational and business risks which we face and confirm that we have taken steps lo mitigate the significant risk5. Recrultment and appointment of trustees The Trustees, who are algo Directors of the company, are elected by the members to serve for a period of four years, after which they must be re-elected at Ihe next Annual General Meeting. Much of the Charitls work focuse8 on the operation and maintenance of the Tooting Neighbourhood C8ntr8. The Truslee Board seeks to ensure that the needs of this group are appropriately reflected Ihrough the diversity of the trustee body To enhance the potential pool of directors, the Charity has, through selective advertising and neorkIng wilh voluntary organisations active in Ihe sector, sought lo identify those who would be willing to become members of the Charity and use their exDerience to assist the Charitv.
The New Testament Assembly Trustees, Report Trustee induction and tralnlng Many trustees are already familiar with the practical work of the Charity having been involved in other capacities or becaus6 of experience gained in their own churches or other organisations, New trustees are invited and encouraged lo attend a series of short training sessions to familiarise thèmsefves with the Charity and the contaxt within which it operal8s. These cover.. The obligations of Trustee board members The operational framework for the Charity The current financial position and revenue generation Future plans and objectives Trusto09' responsiblllties The trustees, are responsible for the preparation of th& financial statements which show a true and fair view. In preparing the financial statements the trustees, are required to.. select suitable accounting policies, to make estimates and judgements which are prudent and r8a$onabl8- to apply the going concern basis unless il is inappropriate to do so. The trustees are respon5ible-for the maintenance of proper accounting records and to safeguard the a55ets of the company and take reasonable steps for the pr8vèntion of fraud and other irregularities. Volunt8èrs The principl8 activity of the Charity is lo provide domiciliary care. The business model requires employed staff and carer5, and requires no volunteer support. Trustees The following persons served as Directorsff rustees during the year= Bishop Sean Samuel, National Presiding Blshop - appointed 24 February 2023 Rev. Ann Marie Spence, General Secretary - appointed 24 February 2023 The Rl. Rev. Delroy Powell Rev. Tamara Makinwa, Chair Rev. Ope Alabi, Asst. Chair Mr Garfield Allen Miss Jackie Cooke Rev. Deborah Wilson Rev. Melanie Kennedy Miss lonie Townend Rev. Sheree Maria Pinheiro- appointed 31 May 2024 Rev. Denise Peters- r8signed 1 May 2024 Rev. Nathan Lewis Gordon - resigned 1 May 2024 roved by the Board of Trustees and signed on its behalf by Mrs Tamara Makinwa Chair 9 December 2024
The New Testament Assembly Independ8nt 8xaminerfs report on the accounts to the memb8rs of The New Testament Assembly I report to the Charity trusteos on the accounts of the charltrablè company for th8 year ended 31st March 2024, which are $8t out on pages 610 13. Responslbllltles and ba818 of report As the Charity Trusteas of the Company. who are also directors for the purposa ol company law, you are respon5iblg for the preparation ol the accounts in accordance with the rèquirgments of the Companies Act 20061 the 2006 Acl'l. Having satisfied myself that th8 accounts ol the Company are not r8quired lo bo 9udited under Part 16 of the 2006 Aet and 8r9 eligible for ind8p&ndenl examination, I raport in respéct of my examination DI your company's accounts as carried out under section 145 of the Charitlgs Act 2011 I'lho 2011 ACVI Iln Carrying out my examination I have followad the Dir8cknons givèn by the Charity Commission under section 14515) of the 2011 Act. Indapendent examinor's ststement I havg completed my examination. I confirm that no matters have come lo my att8nlion in connection with the examination giving ma c&use to believe that in any respect.. the accounling ro¢ords were not kept in accordanca with Section 386 of the 2006 Act,. or the accoun18 did not accord with those r9cords,' or the accounts do not comply with tho accounting requirements of section 396 of tho 2006 Act other than any requirement Ihat the accounts give a 'lrue and fair, vi8w which is not a matter considgred as part of an indapendent examination., or the accounts hav8 not been prèpared in ac¢ordance with the methods and principles of the Stalement Df Recommended Practice for accounting and r9POrting by charities applicable lo charrtigs preparing their accounts in accordance with tha Financial Rèporting Standard applicab18 in the UK and the Rapublic of Ireland IFRS102). I have no concerns and havo come across no other matters in connecb'on with tho examin8tion to which att8ntion Should be drawn in this report in order to enable a propèr understanding of the accoun151o bg roached. Mark Jackson FCA for gnd on behalf of Jacksons Accountants and Statutory Auditors 9 Docomber 2024 First Floor Albion Housg Albion Slregl Hull HU13TE
The New Testament Assembly Statement of Financial Activities for the year ended 31 March 2024 Notes 2024 Unrestricted funds 2023 Unrestricted funds Income 26,371 24,239 Expenditure - charitable activities - page 14 (24,4751 16,710) Support costs - governance costs (14,1831 (2CI,957) Total resourcès èxpended 38,6581 27,667) Interest payable Net expenditure (12,287) 13,4281 Total funds brDught forward 136,564 139,992 Total funds carried for*vard 124,277 136,564
The New Testament Assembly Statement of Flnancial P051tlon as at 31 March 2024 Notes 2024 2023 Flxed assets Tangible asselg 650,000 656,624 Curr&nt assets Debtors Cash at bank and in hand 115,422 10,797 126,219 105,274 26,608 131,882 Creditors,. amounts falling duo wlthln one year (6001 (6001 Net current assets 125,619 131,282 Net assets 775,619 787,906 The lunds of the Charity Other reserves Unrestricted funds 10 11 651,342 124,277 651,342 136,564 Total fund8 775,619 787,906 For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small Companies. The members have not required the Company to Obtain an audit of its accounts for the year in question in accordance with section 476. The Truste88 acknowledge their re5ponsibiliti6s for complying with the requirements of the Act with respect to accounting r&cords and the preparation of accounts. Thes8 accounts have been prepared in accordance with the provisions applicable to the Small Companies Regime. The directors acknowledge their responsibilities for complying with the requirements of the Companies AGt 2006 with respect to accounting records and the preparation of accounts. Mrs Tamara Makinwa Chair Approved by th6 Board on 9 December 2024
The New Testament Assembly Statement of Changes In Charitable Fund5 for the year ended 31 March 2024 Other r8s8rves Unr8slrlct8d funds At 1 April 2022 651,342 139,992 Deficit for the financial yèar (3,4281 At 31 March 2023 651,342 136,564 At 1 April 2023 651,342 136,564 Deficit for the financial year {12,287) At 31 March 2024 651342 124,277
The New Testament Assembly Notes to the Accounts for the year ended 31 March 2024 1 Summary of significant accounting policlas Basis of preparation The financial statements have been prepared under the historical cost convention except for the revaluation of land and buildings and in accordance with th8 Slatement of Ftecommended Practice.. Accounting and Reporting by Charities preparing their accounts in aGcordanc8 with thè Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Rèpublic of Ireland (FRS 102) and the Companies Act 2006. The Charity constitutes a public benefit entity as defined by FRS 102. Income recognltion The Charity receives ils income from rents received. This income is recognised for the periods of occupation of the property Expenditure Expenditure is recognised once there is a legal or constructive obligation to mak8 a payment to third party. Expenditure on charitable activities includès the costs of providing th8 8ervices and consist primarity of staff costs. Support costs include the governance c08t8 incurred in operating the charities governance activities. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses, except for land and buildings which are r8valued. Deprecialion is provided on all tangible fixed assets, other than freehold land, at rates calculated lo write off thé cost, less estimalgd residual value, of each asset evenly over its expected useful lrfe, as follow6.' Land and buildings Fixtures, fittings, tools and equipment 1YD reducing balance 25Dh reducing balance Creditors Short term Creditors are meaSUd at transaction price (which is usually the invoice price).
The New Testament Assembly Notes to the Accounts for the year ended 31 March 2024 2 Anatysis of income 2024 2023 Rental income oth8r income 26.271 100 24,239 26,371 24,239 3 SurplusllDoficit) 2024 2023 This is stated after charging. Depreciation of red assets Independent examination fee 6,624 600 6.710 4 Staff costs 2024 2023 Wages and salaries 17,851 No. of ernployees - administration No employee was paid £60,000 or more. 5 Trugtees None of the Tru$tpe$ have received any remuneration or any oth8r benefits from the Charity, None of the Trustees have claimed expen88S. 10
The New Testament Assembly Notes to the Accounts for the year ended 31 March 2024 6 Related charity The New Testarnent Assembly is related to the New Testament Assembty Property Charity. An interest free loan of £115,422 { 2023 - £105,274) is outstanding from the related charity at the year end. During the y8ar amounls were advanced lo the charity of £25,604, but expanses were paid on our behalf of £15,456. 7 Tangibla flxed a888ts Flxtures, fittings, tools and equipment At Gost Land and buildings AÈ Gost Total Cost or valuation At 1 April 2023 At 31 March 2024 800,000 800,000 21,415 21,415 821,415 821,415 Deproclatlon At 1 April 2023 Charge for the year At 31 March 2024 143,617 6,564 150,181 21,174 60 164,791 6,624 171,415 21,234 Carrylng amount At 31 March 2024 649,819 181 650,000 At 31 March 2023 656,383 241 656,624 The land and buildings were valued in 2007. 8 Debtors 2024 2023 other debtors 115,422 105,274 9 Creditors: amounts falling due withln one year 2024 2023 Accruals and deferred incomé 600 600
The New Testament Assembly Notes to the Accounts for the year ended 31 March 2024 10 Olher reservos Revaluation re$8rv& 2024 2023 Al 1 April 651,342 651,342 At 31 March 651,342 651,342 11 Unrestricted funds 2024 2023 At 1 April Deficit for the financial year 136,564 (12,2871 139,992 (3,4281 At 31 MarGh 124,277 136,564 12 Pr88entation currency The financial statements are presented in Sterling, the functional currency of the Charity. 13 L8gal forni of entity and Country of Incorporatlon The New Testament Ass6mbty 18 a charitable organisation limited by guarantee, incorporated on 24 F8bruary 2005 and registered as a Gharity on 3 May 2005 in England and Wales. 14 Princlpal place of business The address of the Company's principal place of business and r8gislered office is.. Rgglstered OffiGp.' NTA UK Headquarters Be8chcroft Road London SW17 7BU 11 Publlc Beneflt The Charity is a public benefit entity 12 Taxation The Charity is a registered charity and not taxed on its income. 12
The New Testament Assembly Detailed Statement of Financial Activities for the year ended 31 March 2024 2024 2023 Income Rental income Donation from related charity 26,271 100 24,239 26,371 24,239 Expendlture on Gharitable activit188 staff costs - wages and salaries Depreciation - owned assets 17,851 6,624 24,475 6,710 6,710 Support costs - governance costs Accountancy fees Running costs Bank charges 600 13,552 31 14,183 600 20,326 31 20,957 13