THETABERNACLE GLOBAL MINISTRIES (Company Limited by Guarantaol Company Registration Number: 07022352 Charity Registratlon Number: 1132617 Report and Financlal Statements 31 December 2025 www.thetab.org.uk
THE TABERNACLE GLOBAL MINISTRIES Report and Financial Statements 2025 Contents THE T A Page Legal and admlnlstratlve Intormatlon Report oftheTrustees Audltor's roport iotheTrusie&s 11 Statement ol flnancl8loctlvltlo• 15 Statement ol Ilnanclal po8ltlon 16 Statement of cash flows 17 Not•• to ih• Ilnanclal 8tatomoni8 18
THE TABERNACLE GLOBAL MINISTRIES Legal and Administrative Information For the year ended 31 December 2025 THE T A Charlty Name The Tabernacle Global Ministries. Charity Registration 1132617110 Novewnber 21W91 Company Re8l$tratlon 07022352117 September 20091 PrlnclpalAddr•ss The Tab Church London, 233-241 Lewisham High Street, London SE13 6NQ Governlng Documents Memor8ndum Bnd 8rticles of 8550Cl&tion dated 17 September 2009. Obl•¢tlv•s al To advance the Christian faith in accordance with the Statement of beliefs within the local and global community. such as the direciors and leadership of the charity see fil and to fulfill such Other purposes which are exclusively charitable, according to the law ol England and Wales 8re connected with the ch8ritBble work of the charity. bl To relieve 5i¢kne$$ and financi81 hardship and to promote and preserve good health by the provision ol funds. goods. or s8Nicesof anykind. includingthrough the provision ol counselling and support in such parts ol the United Kingdom or the world as the trusteas from time to tim8 may thinklit. cl To advance education in accordance wirh Christian principles in such parts ol the United Kingdom or the world as the trustees from lime to time may think lit. Th• Tru665 who seN•d duringthe yaar and who werè sèrving 8t thè d8tè ofthis raptsrt wer&- Claudelte Brown Michael Clarke Yvonne Palmer Sharon Grant David Shos8ny8 Rerniel Mitchell Michelle Muteiwa (to 31 Augu9t 20251 Key Manag8m•nt P8rsonn81 Tha kay managèmènt pèrsonnal of thts Charity ara thosa pèrsons rasponsibla for dirocting and controlling the Charity's activities. They Comprise the Trustees. the Senior Pastor and the members of the senior leadership team. Whilst the Trustees ret8in over811 responsibility for the governance and strategic direction of the Charity. $18nificant authority and responsibility lorthe ¢Jay-to-day management and operation of the Charity has been delegated to the Senior Pastor nd sonior loa¢Jership team. Natwest Bank 80 Lewisham High Stre Lewisham London SE13 SJJ Bankers Audltor Kreston Reeves Audit LLP Second Floor. 168 Shoreditch High Street London E16RA Sollcltor Wellers Law Group Tenison House, Tweedy Roa Bromley. Kent BR1 3NF john HeLmACA Tandem A¢couNing Limiied 17 Heathville Road London N19 3AL A¢¢ountant
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A The Trustees submit their report and the financial statements of The Tabernacle Global Ministries l-The Tab~I for the year erided 31 December 2025. The financial statements have been prepared in the format prescribed by the Companies Act 2006. the Statement of Recommended Pra¢ti¢e'. A¢¢ounting and Reportingby Charities (Charities SORP IFRS1021, second ediiion. effective lanuary20191. The legal and admini*rative information sei out earlier In this document forms part ol this report. This report also constitutes a directors, report required bysection 415 of the Companies Act 2006 as all Trustees of charity companyare directois. As we look back on 2025. w8 do sowith h88rt8 full ol gr8titude for aLlth8t God h88 don8 8t The T8b Church. This has been a year of growth an¢J strengthening. We have seen an increase not only in the size of our community, but also in the depth ol our leadership. the expansion olourstaff team, and the overall effectiveness olour organisation. Ourthemè, "ALL IN" has truly reflected this season- 8 year marked by faith. commitment and 8 shared desire to give our very best to what God is building. We have continued to grow in membership, digital reach, and organisational capacity. Alongside this, we have invested intentionally in sirenyheningour leadership structures and developingthe systems needed to sustain both presentgrowth arid future expansion. A key part of this has been our ongoing Auxano development project, helping to build the infrastructure r8quir8d to support a growin8 church. The addition of new Staff memtsers and the strengthening of s8nior leadership have brought greaier clarity, stronger oversight, and better support for ministry delivery. Togethgr. the$¢ devglopmgnt$ hav? po$ition•d u$wellto $ervg mor8 effectively and continue adv8ncingTh8 T8b'$ mi$$ion with ex¢gllen¢¢. 1. Structur•, Gov•m•nc• & M•na8•m•nt 1.1 Tru#te•8 The T8b is governed by a Board of Trustees, who are re3ponsible for ensuring that the organisation operate8 in line with it governing document and relevant re8ul8tions. Trustees have maintained ¢)ver3ight of.. Flngnoial mon88ement Organisational perform8n¢¢ Compliance Throughout the year. the Trustees have overseen the workof the church. ensuringth8t all activities rernain 81igned with our eharitable objectives and compliant with statutory requirement5. The Board met approximately 6 times during the year to review financial performance. operational delivery, salegu8rdingand health 8nd salety. risk management. Trustees will norm811y sewe a term of office of five years. Retiring Trusiees are eligible lor reappointment by vote of the remaining Trustees. The number of Trustees is to be Bt least Ihree. If appropnate, a Trustee c8n be removed by a simple majority of the votes of the otherTruslees. The induction process for any newly appointed trustee comprises an initial meetingwith one ol the Trustees and receipt ot Copies of.. the Tabernacle's Memorandum & Articles ofAssoci8tion the most recent financial staternenls the Charity Commission's guidance'The Essential Trustee.. 1.2 Tab Membeis Membership continue5 to grow Steadily. reaching approximately 3.900 members duringihe year. MEmber5 play sn active role in the life of the church and contribut8 to gov8manc8 through participation in th8 Annual Gen8raL Meeting IAGMI. Tab membership is open to those who: accept the st£lement of faith of the Tats plan to be, or are working towards being. bapli5ed
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A commit themselves io setving Christ within The Tab and beyond cknowledge their re5ponsibilitie5 a5Tab member5', and have their m8mb8rship 8ppLication 8ccepted bythe T8bAdministr8tion Te8m. Tab members share in the responsibility for the finances. administration. maintenance. and activities of the Tab. Tab members meet annually at ihe AGM and receive reports Iiom ihe Trustees ¢Juringthe general meeting. 1.3 Per50nneL Th8 individuals who 8erved in full or part time employment duringthey8arw8r8: Senior Pastor Michael White Assistant Senior Pastor Icommunity Project Lead to January 20251 Donna Maria Whita Senior Man8ger- Business and Strategy Claudette 8rown Cr88tive S8nior Manag8r L8n8 Wright Ministries Senior Manager Travis Col8 Connections Lead Soniamarie Palmar Executive Assistant Nicola Campbell Youth Lead Ira Jackson Jr Digital Operations Manager Eric Owolabi Bookkeeper Bimpe Areoye Finance Manager Suer Kan Sun Digital Content Administrator Lewis Thompson Business Support Administrator Nola Whita Operstions Support Adrninistr8torllnterim Ops M8na8er Soray8 Campbell Administrative 8UPPQrt Joan Todd The work ol the church continues ro be supported by a committed staff team 8lon8slde a large volunteer workforce. Volunteer numbers Inereased to 357, sii6ngthenlndcapacityacross ministries, opeiations, and community outreach. The Trustees wish to th8nk the many volunteers and unpaid worklorce who m8ke a signific8nt contribution tow3rds th9 various 8Ctivities of The Tab. including the delivery of the community outreach progr8mmes. 8dministr8tion and building upkeep. Their efforts, enthusiasm an(J dedic8tion ensure ihai thework of iheT8L) progress8s ontime and io the very highest standard. 1.4 Rl8k2 and Rlsk Management Plan Th8 Tab's primary concern and objective is the gloryof God 8nd exp8nding His Kingdom through Ioc81 init18tives 8nd glob81 neiworking. Whilst it is ihe T8b's policyiotrustwholly in ihe Lord ihai Hewill workout His purpose to This end, TheTab also acknowledges thot it has a responsibility, both as individual members and as a body ol members, forthe identification and proper management ol risks laced byThe Tab in achiewng tts primary aim. The Truste88 confirm that they have assessed the major risks to which The T8b is exposed. in p8rticu18r those relating to the specific operational areas of The Tab, its investments and its finances that might preveni The Tab from 8chieving its choritable goals. The Trusiees believe that, by monrtorin8 reseNe levels, by ensuring that controls exist over key financial systems, 8nd by examiningtheoperational riskslaced byTheTab, they have established effective systems and procedures tts mitigate those ri5k5.
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A Operatlonal Area Securlty & Safeguardlng Rlsk Mltlgatlon There is a major security, safeguarding, or health & safety incident. Se¢urfty- Stewards and Hosts who in the event of a security or tire Incident 8Ct 85 fire fflar5hals to operate the safe evacustion procedures which are published weekly. Given both premises 8re on th8 High Str88t th8 use of SIA personnel has been utilised to underpin the safety and well-being of atiendees. Safeguard5ng - There is a safeguarding policy in place £nd a designated 5afeguaiding le&der. All voluriteers who have direct contact with children orvulnerable 8dult5, as well Ss P8Stor81 Care Team members. are required to have a DBS check. which is renewable every three y8ars: we ensure that insurance policies are up io date ant1 cover idantifiad risks,. we maintain up-to-daie Incideni logs. Quarterly 808rd review ol management accounis,. monitoring of ving trends: de18g8ted expenditur8 8pprov81 limits.. budgetary controls.. regular lender eng8gement.' maintenance of operational reserves eouivalent to at leastthr88 months, routine expenditure. Fln8n¢trs In¢om•- potential reduction in income 88 a r85uIt of regu18r 8nd one-off giving declining. ExpendStur•- potential for a significant increase in expenditure, Inclu¢Jing inere8Sts in inttrest ratès P8y8ble on 108ns. Loss of key members of staff or Senior leadership resulting in disruption io minisiry operations, governance, or stratogie dalivery. People & Leader•hlp Succession planning 18 considered by the 808rd and 8enior le8dership. Responsibilities are distributed 8cros3 teams r8ther than concentrated in a single individual. Loadership development programmes ar6 maintained 10 Strenh8 future leaders. Key processès ènd procedures 8r• documantèd to raduce dependency on individu81 st8ff members. Access to Sysiems is restricied ihrough role-b8sed permissions 8nd multi-18ctor 8uthent1¢8tion where 8ppropri8te. 08t8 protection policies are maintained and reviewed regularly. Steff receive training on cyber security awareness and data handling. Critical systemg ara backed up and cloud-basèd sarvicès are utilis6d to support business continuity. Professional advisers are eng8ged where 8ppropri8te. Compliance matters 8re reviewed regularly by ihe Board 8nd leadership team. Policies are vIeWed periodically and staff receive relevant trainin8. Key statutory filings and regulatory deadlines are monitored throughout the yaar. Doto Prote¢tlon & Cyber Socurlty Loss. theft, unauthori3ed disclosure. or corruption of personal data or critical systems resultingfrom cyber 8ttaek, Iraud. or system failure. Regulatory & Legal Compllance F8ilure to comply with Charity Commission requirements, employment legislation, healih and s£lety obligations, da prtsttrction legislation. 8af8gu8rding requirements. or other regulatory obligations. Reputational damage arising from adverse publicity, safeguarding incidents, governance failures. inappropriat8 conduct, or poor communication, resulting in loss of trust and support. Major failure of buildings. equipmeni, or facilities resulting in disruplion io services. minislries. and communityaclivities. R?putotSon & Publlc Contldence The Church maintain8 clear governance structures. safeguarding procedu$, codes of conduct, and communication processes. Significani issues are escalated prompiiy to senior leadership and Trustees. Complaints and incidents are investigated appropriately and 18880ns learned 8r8 incorporat8d into futur8 practice. Property& Fa¢lLltle$ Planned maintenance programmes are in place for Church properties and equipment. Appropriaie insurance cover is mainiained. Health and safety inspections are carried tsut regulErly and significant rnainlenance requirements are fflonitored through the budgeting process.
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A 2. Actlvliles. Str•t•Kl•s & Publlc B•nofft In preparingthis Report. theTrustee5 h8ve compliedwith the duty in ctIOn 4 of the Charities Act 2011 to h8ve due regard to public benefit guidance published bythe Charity Commission and have sought to demonstrate that the charity provides identifiable benefits whi¢h relate directly to its aims a$ stated in its Memorandum and Articles of Association and which outweigh any potentialdetrimeni orharm. Further, the benefitsare publiclyavailable to all and are not in anywayrestricted to those able to pay. Any private benefits toTrustees and members of the charity are incidental. In order to fulfil its objectives. Th8 T8b continu88 to C8rry out 8Ctivitie8 in order to promote th8 Go3p81 in OLJr Ioc8L community, crty and internationally. inclvdingihe followin& Sunday Worship Service8 Midweek Prayer and Wednesday Night Live18ible Life Siudyl Men's fellowship IM-POWERI Women's fellowship ITab Women) Youth ministries IT8b Future bnd Tab Kids Churehl Young Adults ministry ITYAI Slngles Ministry (Linkup and Meetupl Community outr88ch programmes (REACH. Evergreen. Foodbank Plu$l Support lor international conferences 3. Aehl•v•m•nt• and P•rforn)•nc• The church has continued to grow in both impact and reach durin8 the year. Key hi8hli8ht3 include.. Church membership reaching approximaiely 3.900 Volunteer numbers incroasing to 357 Over 300 baptlsmj recorded The introduction of the Growth Tr•ck cour8• has piowded 8 clear pathw8ylor spiritual growth, helping members deepen their tgith and connect with the life of the Church. Th8 Baptlsm Pathway h83 SUPPOrted new believers throu8h strUctud preparation, linking closely with our Front Room and Discovery ieams. Togeiher, these pathways have strengthened discipleship and encouraged greater participation in ministry and service. Throughout the year, we hove also relaunched and Slrengthened key initiatives to better seNe our community.. TAB TAP- a new. 8ccessible way lor people to make donations 8nd receive information. 8upporting greatergenerosity and ease of engagement. TAB Money Course IChri$tian8 Against Povertyl- relaunched to provide practical financial support, guidance, and hope to individuals and f8milie5 in need. Marrlage on TYa¢k- addiiional initiatives io sirengthen relationships, support marriages, and provide 8 space lor growh and connection Th88e initl8tlV8s reflect ourcontinu8d commitmenl to m8eling both practical and Spiritual needs within our comrnunity. Through our Car& and Share initiatives. including the quarterly REACH 8ppeaL, we have provid8d= Food and essential supplies School uniform5 8nd stationery Toiletfies and toys Support has been exrended to organisations such as.. St Mungo's Homelessness Unit St Mauritius Care Home Women's Refuge Loc81 FoodbEnks Children's hospitalwards
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A Duringthe year. we also= Reintroduced back-to-school support. Including hairdressing, barbering. and Amazon vouchers Supported international relief efforts. including the Jamaica Hurricane Melissa appeal Continued to fund our independent loodbank Foodbank PLUS In 8ddition: Tab Worship relèased 2 single tracks-The Commitment"and-We Are Rising" extending our creaiive reach A Merchandlse Team was relaunched. creating new opportunilies forengagement and income generation The church also strengthened its commitmentio partnerships through financial suppon, including.. £2,500 to Future Men £1,000 to the Paradigm Project £1,000 to CambeMellAfter School Project A major milestone w8S the purchase of The Hub In November 2025, marking 8 significant step forw8rd in the long-term vision and c8p8city of the church and 8dditional opportunities for expanding our r88ch and deepening our imp8Ct. This bold move 81i8ns with our core mi38ion of presenting the person and principles of jesus to thi8 goneration for their translormaiion. Why The Hub M8ttors'. F8cilities for the N8Xt Gener8tion.' The Hub will provide modern, fl8xible spaces to host our youth progr8mmes. community events. and outre8ch initi81ives. enabling vs to eng8ge more effectively wilh local young people. Community Hub.. By refurbishing The Hub, we will create a vibrant centre that losiers connection, creativity, and growth, not just lor our church 18mily* but lor the wider community. Mi55ion81 Focus.. The Hub will b8come 8 C8t8lyst lor Community r¢a¢h •nd eng•g¢mont. ?11gwing u$ to Shar¢ Jesu$, love and principles in a practical. relational way. Wh&1 The Hub Enables.. Expsnded children, youth and sènior programmas Community events and p8rtnerships Discipleship and leadership development Outreach and evangelism initiatives Next Steps in tha eomingyear will b¢.. Relurbishmeni and renovarion ol The Hub Launching community progTammes an¢J events Integrating The Hub into ourchurch's DNA and str8t&8y By investing in The Hub, we are Investing in the future of our church and the community we serve. We are excited to see how God will use this resource to transform lives and advance His king¢Jom. ColnKConc•m Th8 Trustees have revi8wed the charity's financial position. in¢Luding its cash resour¢8s. borrowing commitm8nts and forecasts lor a period of at least 12 months from the dale of approval ol these financial statements. This review has taken into account the acquisition ol The Hub, associated financingcosts and the charity's planned activities. The Trustees 8re sat15fied that the charity has 8dequ8te resources to continue to meet its obligations as they f811 due. Forecasts indicate that sufficient cash resources will be maintained throughout the a88essment period 8nd, if necessary. the Trustees have the ability to defer certain discretionary expendiiure. Accordingly, the Trusiees consider it appropriate to prepare ihe financial statements on a going concern basis.
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A 5. Flnanclal R•vSew The Tab's main source of funding is the free will offerings 8nd donations of church members. The Tab'5 fundr815ing practices are ethical and in accordance with Biblical principles. Other than publicly inviting an offering at our $ervi¢8s. we do not engage in persistent or intr(Jsive f(Jndrai$ing practices with any of our donors. includin8 vulnerable people. No complaints werè received about the Tab's fundraising practices duringthe year. 5.1 Flnanclal A¢tlvlty and Fin*nel#L Posftlon The Statement of Financigl Activities and Statement of Fin8nci81 Position c8n be found on page$ 1 S 8nd 16 respectively. The Tab's reserves increased by £1,852,736 12024: increased by £519,953) during the year to £4.318,430 12024: £2,465,694). Cash balances increased by É454.129 to £797.63212024 increased by É277.613 to £343,503). 5.2 R&s•rvos Polley The Trustees have ex8mined the requirements for free reseryes. ie those unrestricted funds not invested in t8ngible fix8d assets. The TrLJStees Considerthat. given the nature of the Tab's work. free reseNe$ sho(Jld be equivalent to approximately 3 months, routine 8ener81 fund expenditure. plus committed future expenditure on other projects. where funds permit. The Trustees are ol the opinion that this provides sufficient Ilexibility to cover temporary shortfalls in incoming resources and will allow the Tab to cope bnd respond to unforesèen emèrgenciès whilst specific 8ction plans ara implamantad. At 31 December 2025 the Tab had net free resee$ of £615.58612024.. E100.335188 follows.. 2025 2024 Total r•8•rv•8 Les¥.' restricted funds Lg55'. unrestricted fixed assets Used for the continuin8work of th?Tab Less.. fixed asset investments Add.. longt6rm108ng 5,520.285 14.1161 17.243.822) 115,0001 2,358,239 2.465,694 18.9351 14,864.7501 115.0001 2,523,326 Fre8 re8er¥•8 615.586 100.335 Free regerveg requlrement: 3 months, budgeted routine expenditure 785.000 500,000 Whilst tree reserves remain below the Tru3tee8' target level. they have increased significantly during the year and the Trustees continue to considerways in which free resewves can be rengthene over rhe medium lerm. 5.3 Invèstmoni Policy In aceordance with the investment policy, the Tab currently places any Iree reserves not required immediBtely lor OP8rational purposes on short term b8nk deposit but will take adv8n18ge of other 8LJit8bl8 investment opportunities frorn time to time. 5.4 Pay Policy The pay of all staff, including key management personnel. is reviewed annually by the Board. Any s818ried trustee is excluded frorn deci5ion5 relating to their own remuneration in order to avoid conflicts of interest. In determining r8mun8ration and benefits. the Board considers the responsibilities of the role. benchmarking information for comp8rabl8 positions in churches and charities of a similar size and complexity, and the financial position ol ihe church. 5.5 Grants PolS¢y The Tab make5 grants to support churches. mrssionary endeavouTS. Christian organisations and certain other philanthropic causes both in the UK and abroad. The policy of the Tab isto give grants on the basis that they are subject to annual review and only ren8w8d on the basis of meetingsetcriteria.
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A 6. Fundralslng Both members and non-members m8ke voluntary donations tOW8rds the work ol the T8b. The T8b does not undertake professional fundraising campaigns and relies primarily on voluntary donations and offerings. There have been no complaints about fundraising activity during 2025. 7. Plans for Futur• P•rlods At The T8b. we 8re continuglly seeking God'3 guid8nce 8$ we step into the futur8. We pr8y for opportunit188 to journey alongside our community. building connections and sharingthe love of Jesus in pr8Cticalways. Our Vl$lon.' The Tab is committed io boing a leading examplè of an affective 21 st-cantury church, one that's culturally relevant, spiritually grounded. and impacttul in our community- We want Tha Tab io be known not just bs a chureh, but as ari experience wher8 people encounter Ggd 8nd grow in faith. Our Mlssion: 1. Connect people back to God. 2. Equip tham to thrivè spiritublly, socially. and •conomic4liythrough Bibl8-cèntr8d t•8ching. Imp8Ctlng Soclgty Tolather.. Through our teaching and discipleship programmes we are empowering our mgmbers to influence the 7 pillars of 80ciety'. 1. Religion 2. Family 3. Business 4. Education S. Government 6. Arts 7. Media .by Ilving out the Gospel in every are8 Ot life. A¢ad¢my ol Ex¢ollgn¢g.' We 03pire to launch an academy that equips young people (especially in inner-city 8re851 with life, leadership, and marketp18ce skills-with optional f81th-b8sed leadership elective8. GrowlngTog•ther. Locally+ Onknn•= - Weekend services.. packed with p855ionaie worship 8nd Community. - Tab@Hom8 (Online Church).. 1,000+ stre8ming live. S.OOO+ mid-week vi8WS. - The Auxano Project 4 Multiple Venue Model IMVMI.. Developingfurther our Community Hub iniiiatives: Foodbank Plus. children. young people and seniors We are envisioning 1 church. 3 locatitsns. united by technology. Same teaehing. local axpression. The High Streèt venue will be the central campus. then 2 more venues in other citiesrtownsfollow. We believe whot we are experiencing is not the'norm. God is doing something special and we are excited to journey with youl 8. Tru8to•#' Rè#pon#lblllll•* In rniatlofft toth# FbnanelalStat•m•nts The Trustees (who are also directors of The Taberna¢le Global Ministries for rhe purposes of company lawl are responsible for preparing the Trustees, Report and the financial siaiemenrs in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccemed Accouniing Practice). Cofflpany 18w require5 the Trustees to prepave financi81 st8tements for each financial yearwhich give a true and fair view of the stat8 of affairs of th8 charitable company and of the incoming resources and application of resourc85, includingthe income and expenditure. of the charitab18 company for that P8riod. In preparing these financial stat8ments. th8 trLJSt8es are required to..
THE TABERNACLE GLOBAL MINISTRIES Report of the Trustee5 For the year ended 31 December 2025 THE T A Select 8uit8ble accounting policies and 8pplythem con5iStentLy- observe the methods and principles in the Charities SORP.. make judgments and esiimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed. Subje to Any materibl departures disclosed and explained in the financial statements- prepar8 th8 financial statements on the going conc8m basis unless it is inappropriate to presume that the Charitable company will continue its operations. The Trustees are responsible for keeping proper 8CCOUWlting record5 which disclose with re8son8ble 8ccur8cy at any time the financial p051tion otthe ch8rit8ble company and en8ble thewn to ensure that the fin8ncis1 statefflents comply with the Companies Act 2006. They are also responsib18 for safeguardingth88ssets of the ¢harit8bl8 companyand hence fort8king reasonable steps for the prevention of Iratjd and other irreguiaritigs. 9. Stat•m•nt •• to Dl8cl(tr8ur• of InlomMtlontoAudttorn In 80 f8r 88 thg Tru8tee¥ are 8W8re 8t the time of 8pprovindihe Trustees. 8nnu81 report= Thgre is no relevant information. bging infomiation needed bythe auditor in connection with preparingtheir report. of which the auditor is unaware. and The trustees have each taken all ihe steps that they oughi to have taken as directors in order to mak8 themselvas aware of any relevant audit informaiion and to establish ihw the auditor is aware of that Information. 10. Clo•lnq Rofl•otlon• TheTrusteeswould liketothankall st8ff,volunteers, and members lortheir continuedcommitment and seryice throughout the ya8r. This h85 been 8 year of growth. f8lth. and g?n?ro8ity- Together, we have continued to our community. Strengthen our organisation, and respond to God's call with contidence. Our work remalns rooted our core values ol God. People. and Lov•, supported by a culiure of Innovatlon, loyalty. fun. 8•lfl•88n•#8. and g•n•ro•lty. A8 we move foNiard. we remain Committed to building on this foundation and Continuing allthat God has called us to do. 11. Approval The report ofthe Trustees was approved bythe Trustees on 8 July 2026 and signed on its behalf by.. Remiel Mitchell Tru¥teo io
THE TABERNACLE GLOBAL MINISTRIES Independent Auditorfs Report to the members of The Tabernacle Global M•ni$tries THE T A Oplnlon We have 8udited the financial 8tatement8 ol The Tabemacle Global Ministries (the 'charit8ble company'l for the year ended 31 December 2025 which comprise the Staiement of financial aciivities, the Statement of financial position. the Statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in iheii pfeparation is applicable law and United Kingdom Accounting Standards, including Fingncial Reporting Standard 102 'The Financial Reporting St8nd8rd 8ppLic8ble in the UK and Republic of Ireland. (United Kingdom Gener8llyAcceptedAccountingPr8Cticel. In our opinion the financial staiaments.. givè a trut and lair view of thè ststè of thè charitable eompanW$ 8fl8irs #s at 31 Deeembèr 2025 and of its incoming resource$ and application of re3our¢e$. including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting Practice., and have been prepared In aeeordance with the requirements ol the CompbniesAct 2006. 8a85s for oplnlon We conducted our audit in accordance with Internation81 Standards on Auditing IUKI IISAS IUKII and applicable 18w. Our responsibilities under those standards are further ¢Jescribed in ihe Auditor's responsibilities lor the audit ol ihe finsncial statements section ot our report. We bre independent of the charitbble company in Bccordsnee with th• ethical requirements that are relevant to our audit of the financial st8tements in the United Kingdom, including th• Fin8n¢i81 Reporting Council's Ethical Stand8rd, and we have fullilled our other ethical responsibilities in 8ccord8n¢e with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conelu8lon8 r•Latlngto golnK¢on¢•rn In 8uditin8 the financial statements, we have concluded that the Trustees. use of the goingconcern basis of accounting in the prep8r8tion of the lin8ncial statements 1$ 8ppropriate. Based on the work we have performed. we havg not identified any material uncertainries relaiing to events or conditions that, indivi¢Jually or collectively, may cast significant doubt on the charitable companys ability to continue as a going concern for a period of at least twelve months from when the financi81 siaiements are aulhorisedlor issue. Our responsibilities and the responsibilltles of the Trustees Wlth respect to going¢on¢ern are des¢ribed in the relev8nt se¢tion8 of this report. Other Informatlon The other information comprises the inloimation included in the Annual report otherth8n the financial statements and our Auditor's report thereon. The Trustees are responsible lorthe other information contained within the Annual report. Our opiriion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not expre$$ any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information 1$ materially inconsistent with the financial statements or our knowledge obtained in ihe Course of the audil. or otherwse appears to be materially misstated. If we Identify such material inconsistencies or appaient material misstaten)ents, we are required to determine whether this gives rise to a material misstatement in the linancial 5t8tements thern5elve5. If, bssed on the work we have performed. we conclude that there is 8 materi81 misstatement of this other inform8tion. we are required to r8POrt th8t fact. We have nothing to report in this reEard. JJ
THE TABERNACLE GLOBAL MINISTRIES Independent Auditorfs Report to the members of The Tabernacle Global M•ni$tries THE T A Oplnlon on other matters prescribed by the Companle5 Act 2006 In our opinion. based on the work undert8ken in the course of the 8udit'. the information given in the Trustees, report foi the financial year for which the financial statements arts prepared is consistent with the financial statements. the Trustees. r8port has been prepared in accordanc8 Wlth applicable 18gal requir8ments. Matterg on whlch we are r•qulr•d to report by •x¢eptlon In the light of our knowledge and understanding of the eharitable etsmpany and its environmènt obtained in the coursè of the 8LJdit, we have not identified material misst8tementsin the Trustees, report. We have nothing to report in respect of the followng matters in relation to which Companies Act 2006 requires us io report to you Il, in our opinion.. adequ8t8 Bccounting record$ have not been kept. or returns 8dequ8tg for our audit have not been received from branches not visited by us.. or the financial staiements are noi in agreement with the accounting records and returns., or certain disclosure5 01 Trustees, remuner8tion specified by law 8re not made- or we h8ve not received all the infgrm8tion 8nd expl8n8tion8we require for our 8udit'. gr the Trustee3 were not eniitled to prepare the financial statements in 8ccord8nce with the sm811 companies regime and take advantage ol the small companies, exemptions in preparing the Trustees, report and from the requirèm8nt io pr6p8rè 8 Sirat*gic rèport. Re8pon$lblLltS99 of tru$tge• AS explained more fully in the Trustees. responsibiliiies $18tement, the Trustees (who are also the directors of the charitable company lor the purposes of company lawl are responsible lor the preparation of the financial statements and lor being satisfièd that thoy give 8 truè and fair view, and for such intarnal control as tha Trusteas detèrmine 18 nec8S58ry to 8nab18 the pr8P8ration of financi81 statements that 8re Iree Irom mat8rial misstaternent, whether duè to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the ch&ritable comp8nls ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operation5, or have no r8alistic alternative but to do so. Audltor's regpon$lbllltle$foi the audlt of the flnanclal Statements Our objectives are to obtain reasonable 855urance about whether the financial statements as a whole gre free from m8t8rial rnisstat8ment. wh8th8r du8 to fraud or error, and to ISSU8 an Auditor's r8port that includ8s our opinion. Reasonable assurance is a high level of assurance bur is not a #uarantee that an audit Conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, individuallyor in ihe aggregate. theycould reasonablybeexpeciedto inlluence the economic cleci5ions of user8laken on the basis of these financial statements. IrreguL8rit18s. including fraud. are instances of non-compliance with laws and regulations. We d8sign procedures in line with our responsibilities. outlined above. to detect material misstatemenis in respect of irregularities. including fraud. The extentto which our procedures are capable of detecting irregulariiies. including fraud is detailed below.. 12
THE TABERNACLE GLOBAL MINISTRIES Independent Auditorfs Report to the members of The Tabernacle Global M•ni$tries THE T A C8P8bilityolthe 8uditin detectingirregul8ritAes. includingfr8ud Based on our understanding of thech8rity and the sectDf8S a whole, and through discussion with the Trustees and other management las required by auditing standards). we identified ihat the principal risks of non-compliance with laws and regulations related to sayeguardingand employment law. We considered the extenttowhich non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP IFRS 1021 Second Edition Irele8sed October 20191. the Comp8niesA¢t 20061 and otherr81evant charity legisi8tion. We communic8ted identified laws and regulation3 throughout our team and remained alert to any indi¢ation$ of non-compliance throughout th8 audit. We evaluated Trustees, and management's inceniives and opportunities for fraudulent manipulation of the financial statements lincludingthe risk tsf override of controls) and determined that the principal risks related to ptssting inappropriate journal entries to increase revenue or reduee expenditure, management bias in accountingestimates and judgernentsl areas of the financi81 statements such 85 the v8Lu8tion of fixed assets. Audit procedures performed by the eng8gement te8m included.. Discussions with management and assessment ol known or suspected instances ol non-complianee with laws and r8gulatlOnS 8nd fraud, and revi8w of the reports made by m8n8gement', and Assessment of identified fraud risk f8Ctors', and Conducting interviews with appropri8te personnel to dain further insight into the control systems implemented. and the risk ol irregul8riiy', and Challenging $88UmPtions 8nd judgements m8de by m&n8gem8nt in its signific8nt aecounting 8Stimat8s'. and Performing an8lyti¢81 procedures to identify any unu3val or unexpected relationship8, including related patty transactions, thai may indicate risks ol material misstaiemeni due io fraud. and Conlirmaiion of related paflies with management, and review ol transactions rhroughoui the period to Identlfy any previously undisclosed transactions with related parties outsidè the normal eourse of business., and Reading minutes ol meetings of those ch8rged with governance. reviewing internal 8udit report8 8nd reviewing correspondence with relevant t8x 8nd regulatory 8uihoriiies' and Verifyingthe year-end cash ai bank balances io online bankin8 POrt818', and Review tsf significant and unusual transactions and aluatIOn of the underlying financial rationale supporting tha transactions,. and Identifying and testing journal entries, in particular any manual entrie8 made at the year end lor financial 8tatement preparation. Because of the inh*rtnt limitations ol an audit. tharè is 8 risk th8t we will not detect all irregularities. including thoso leading to a material misstatement in the fin8ncial statements or non-compliance with regu18tion. This risk incre8ses the more that compliance with a law or regui8tion 1$ removed from the events and transactions reflected in the financial statements, 2$ we will be less likelyto become aware of instances of non-compliance. As part of an audit in accordance with ISAS IUKI. we exercise profession81 judgement and maintain professional 8kepticism throughoutthe audit. We al50'. Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error. design and perform audwt procedures responsive to Ih05e risks. and obtain audit evidence that IS Sufficient End appropriate to provide a basis for our opinion. The risk ol not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud m8y Involve collusion. forgery. intentional omission8. misrepresentaiions. or ihe override of internalcontrol. Obtain an understanding of Internal control relevant to the 8udit in order to design 8udit procedures that are appropriate In the circumstances. but not for the puipose of expressing an opinion of the effectiveness of the charitable company's internalcontrol. Evaluste the appropriateness of accounting policies used and the reasonableness of accounting estimsies £nd r81ated disclosures mad8 by the Trust88S. Conclude on the appropriateness of the Twstees. use of the going concern basis ol accounting and, based on the audii evidence obtained. whether a me[la1 uncenaintyexisis lated io events or conditions thai may cast 13
THE TABERNACLE GLOBAL MINISTRIES Independent Auditorfs Report to the members of The Tabernacle Global M•ni$tries THE T A significant doubt on the charit8ble comp8nVs 8bilityto continue as a going concern. 11 we conclude that a m8terial uncertainty exists. we are required to draw8ttention in myAuditorfs report to the related disc105ures in the fin8nci81 5tatement5 or. if such di5cIosures are inadequate. to modify our opinion. Our conclusions are b85ed on the audit evidence obtained up to the date of my Auditoi's report. However, future event5 or ctsndition5 msy cause the charitable company to cease to continue as a goingconcem. Evaluate the overall presentation, structure and contenr ol the financial statements. includingrfEdisclosures, and wheiher the financial siaiements represeni the underlwng transacrions and events in a manner that achieves fair presentation. W8 communicate with th03e charged wth govern8n¢8 regarding. 8mong other matter$. the planned scop8 and timing ol the audit and significant audit findings. includinganysi8nificantdeficienci8s in internal controlthatwe identifyduring our audit. UBe of our report This r8POrt is made solelyto the charitable ¢omp8nVs members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Aci 2006. Oui audit work has been undertaken so thar we might state to the charitable companls members those matters we are required to state to them in an Auditorfs report and lor no other purpose. To ihe full8st exterit perfflittèd by law, wè do noi èecept or assume responsibility to anyone other than the charitable company and its members. 85 8 body. for our 8ydit work. for this report. or for the opinions we h8ve formed. Jame• Poach FCA IS&nlor 8tatutory audltorl for an(J on behalf of Kreston Reeves Audlt LLP StatuttsryAuditor London Date.. 14.07.2026 14
THE TABERNACLE GLOBAL MINISTRIES Statement of Financial Activities {incorporating the income and expenditure account) For the year ended 31 December 2025 THE T A Unrestrocted Restrlcted Funds Fund5 2025 2025 Unre5trlcled Fund5 2024 Reslrlcted Funds 2024 Total 2025 Total 2024 Note Income from- Donations and leg8cie5 Charitable activities Othertrading activitie8 Inv8stm8nt8 4.181,311 74,977 125.597 14.495 7.126 1.024 4.188.437 76.001 125.597 14.495 2,290,658 41,901 54.243 2.014 10.763 7.100 2,301,421 49,001 54,243 2,014 Tot•1 Income 4.,380 8.150 4,404.530 2.388.816 17.863 2.406.679 Exp&ndltur¢ on: Raisingfunds Charitable activities 176.903 2.361.922 176.903 2.374.891 87.839 1,782.085 7.100 11,249 94,939 1,793,314 12.969 Total Exp•ndltur• 2.538,825 12.969 2.551.794 1.869,904 18.349 1.888,253 Revers81 of impairmenl of functional property Nei gainslllossesl on invastm8nts 1,201,855 1.201.855 Net Incomollexpendltur*l before tax 3.059.410 14.8191 3.054.$91 518,912 14881 518.426 Tax payabla Net Incom8 aftortax 3,059.410 14.8191 3.054,591 518.912 14861 518,428 Tr8nslers beiween funds Other recognised gains and losses 1,527 1,527 Net movement In funds 3,059.410 14.8191 3,054.591 520,439 14881 519.953 Totallunds brought loNiard 2.456.759 8.935 2,465,694 1.936,320 9,421 1.945.741 Total fund8 C8rrled torward 5,516.169 4.116 6.520,285 2,456,759 8.935 2.465,694 J5
THE TABERNACLE GLOBAL MINISTRIES Statement of Financial Position As at 31 December 2025 THE T A Unre$trl¢ted Restrleied Funds Funds 2025 2025 Note Total 2025 Toial 2024 Fixed Assets Tangible Assets Invesimenis 7.243.822 15,000 7,243,822 15,000 4.864,750 15,000 7.258.822 7.258.822 4.879.750 Current Assats Stocks Debtors lincluding£32.50012024- £32,5TrJl due alter more than one yearl Cash At Bank And In Hand 4.471 4.471 138,601 793,516 138,601 797,632 78,588 343,503 4.116 936.588 4.116 940,704 422.091 Credltor8- Amounts Falllng Due Wlthln One Y•Ar 321,IX)2 321,002 312,821 N•t Curr•nt A¥$•tallLlabllltl•$} 615,586 4.116 619,702 109.270 Credltor8- Amounts Falllng Due After Mo Than Oneyear 10 2,358,239 2,358,239 2,523,326 5.516.169 4.116 5.520,285 2,465,694 Represente¢J by.. Restrlcted Income Fund8 Unrestrlcted Income Fund¥ 4.116 4,116 5,516,169 8,935 2,456,759 5,516,169 S,S16.169 4,116 5,520.285 2.465,694 These gccounts have been prepared in &ccord&nce with ihe provisions applicable io companies subject to the small companie5 regime within Part 15 of the Ctsmp8niesAct 2006. The Trustees acknowledge their respon5ibilitie8 for.. ensuring that the company keeps accounting records which complywith section 386 of the Companies Act 2006 preparing fin8ncial statement5 which give a tru8 8nd 18ir view of the st8te of 8ffairs of the comp8ny 88 8t the end of each financial period and of its profit or loss tor the financial period in accordance with ihe requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as is applicable io the company. These finaneiel statements were approved bytheTrustees on 8 July 2026 and signed on their behalf by.. Yvonne Palmgr Truslee Registered Company No. 07022352 The note5 on pages 18to 26 form part of these linancial statements. 16
THE TABERNACLE GLOBAL MINISTRIES Statement of Cash Flows For the year ended 31 December 2025 THE T A Unresirfcted Re$trl¢ted Fund$ Funds 2025 2025 Total 2025 Toial 2024 Note Net cash flows from op•ratlng actfvltlos 13 2.022.841 14.8191 2.018.022 667.262 Cbsh tlows from Invtrstlng &¢tlvStlès: Dividend5, interest arid rent5 from investments Proceeds from th8 sa18 01 property. plant and equipment Purchase ol property, plant ant1 equipment 14.495 14.495 2.014 7.866 19,6061 11,212,544) 11.212.544) Net Cssh used In Snvestlng actlvltles 11.198.049) 11.198,0491 274 Cp¥h flow$ from finan¢inq octivitlO8 Repayments of borrowing Cash outtlows from Ilnancingcosts 1168.9991 1196,8451 1168.9991 1196,8451 1169,5391 1220,3841 N•t cash u$•d In tln8nclngactlvltl•¥ 1365,8441 1365,8441 1389,9231 Chang¢ In c•8h and ¢a8h equlvalent• In the rtsportlng perlod 14.8191 454.129 277,813 Cash and ¢#8h •qulval•nt# broughtforward 14 334,568 8.935 343.503 65,890 Ca¥h ond c88h equlvo1?nt$ corrlgd forword 14 793.516 4,116 797,832 343,503 17
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 1. Accountlng Pollclo• The Tabernacle Global Ministries (the Charity) is a private companylimited byguaranlee. incorporated and domiciled in England & Wale5. The address of it5 registered office and principal place of business 15 The Tab Church London. 233-241 Lewisharn High Str88t. London SE13 6NQ. Th8 Charity's op8r8tions and princip81 activit188 C8n b8 found in th8 report of the Trustees. The principal accounting policies adopted, judgemenis and key sources of estimation uncertainty in the preparation of the financi£l statements are a5 follows: Basis of accounting The financial staiements are presented in sterling l£l. The linancial statements have be8n prepared under the Companies Act 2006. the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice IChBrities SORP 2019 IFRS 10211. The financial staiemenis are drown up on the historical cost basis of accounting except for the Lewi5ham High Street property shown ot costs less accumuloted impairments. The financial statements inclvde all transactions. assets and liabilities for which the Trustees is responsible in law. They do not include th8 accounts of church groups that owe an affiliation io another body or those that are informal gather5ngs of church members. The Tab meets the definition of a public ben8fit entity under FRS 102. Golng Concern There are no marerial uncertainties aboui the ch8rity's ability to continue as a goin8 concern and accordingly the aceountg h8v8 b$8n drbwn up on a goingconcarn basis. Crltlcal Accountlng Judgements and Key Sourc•s of Estlmatlon Uncortalnty In preparingfinanci81 siaiements Ir 18 necessary to make cerrain judgements, esiim8ted 8nd 858umption8 that 8ffect the 8mounts recognised in the financi81 st8tements. The following judgements 8nd estimates are considered by the trustees to have most significant effeet on omounis recognised in ihe finanei81 statemants.. Useful écontsmic life ol tangiblè Iix8d as19.. tha annual d•prèci8tion ehargè for tangiblè assats is sènsitive tts changes in the estimated useful economic lives and residual values ol the assets. The useful economic lives and residualvalues are reassessed annually. They a amended when necessaryio reflect current esiimaies, based on iechnologic81 advancemeni, future invesimenis, economic uiilisation and the physical condition ol the assets. Ineom• roeognltlon Voluntary incorne and donations (including legaciesl are account8d for onc8 the Tab has 8ntitl8m8nt to th8 income. it is probable the income will be received and the amouni of income receivable can be reliably measured. Income from the reeoveryof tox on gift aide¢J donations is accouMed for in the period towhich the relevant donation is received. Grant income is recognised on a receivable basis. The income from trading a¢tivities includes rental income from the letting of the Tab's PTemise$ which is accounted forwhen earned. It is shown gross, with the associaied costs included in fundraising costs. Interest on funds held on deposrt is included when receivable and the avnount can be measured reliably bythe Tab,. thi5 is normally upon notificatiorb of the interest paid or payable bythe bank. Expendlture re¢ognltlon Expenditure is a¢crued as soon as a liability is considered probable. and the amount of obligation can be measured reliably. Longer term li>bilities are discounted to present value. The Tab is not registered for VAT and accordingly expenditure include5 VAT where appropriate. 18
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 1. Accountlng Pollcl08 {¢ontlnuod) Expenditure included in Raising Funds includes amounts incurred in obtaining gr8nts and other don2tlOllS End property maintensnce costs. Charitable expgnditure in¢Lud8S those costs in fulfilling the Tab's principal objects. as outlined in the Report of the Trustees. These include grants made. governance costs and an apportionment of support costs. Governance costs comprise all costs involvingthe public accouniabilityof theTaband itscompliancewith regulation and good praciice. These costs include cost8 related to the audit and legal fees. Ftentals underoperating lease$ are charged 8$ incurred over the term of the le88e. Tanrflble Flxod Assets Tangible fixed a55eiS are aceounted lor as follows.. The Lewishsm High Street property is stated 8t origin81 cost plu8 cost of construction to date. 1953 8c¢umtJl8ted impairment Io$s83. No depreciation is charged in respect of freehold land and buildings. as the residual value of the propetty after its estimated useful life is anticipated io be at least the Carn8 value of the property shown in the linanciol statamènts. The c08t of the offiet equipmtnt, lè55 any•xpéctèd rÈsidu81 valLtè is depreciated on a straight line b8sis overthe effective useful life of the 8ssets which has been estimated as four years. Office equipment items are initially included at cost and depreciated as stated. The carrying values are reviewed at ihe year.end for impairment if circumstances in¢Jicate that ihe tull carryingvalue may not be recoverable. 08btor$ D8btors are included at Ihe settlement amount due. Prepayments are valued at the amount prepaid. Inv•8tm•ntg The short term Snvegtment has been stated ai Ihe amount ol funds Inva9ted. Cash at bank and In hand Cash at bank and in hand includes cash and shortterm highly liquid irwestmentswith a short maturity olthree months or less from the date ol opening of the deposit. Cr8dltor8 and provislons Creditors and provisions are recognised where the charity h83 a present obligation 8rising from a p8St event th8t will probably result in the transfer ol lunds to a third party 8nd the amount due to settle the obligation can be measured or estim8ted reliably. Creditors and provisions are recognised ai iheir settlemeni amount. Loan# The 108ns, which 8r8 basic financial instruments, are initl8Lly recognised at the 8mount advanced 1855 material arrangement f8es and subsequ8ntLy measured at amortised cost using the effective interest r8te method. Fund aecouniing The funds held bythe charity are either- Unrestricted general funds- these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds- these are funds that can only be used for particular restricted purposes within ihe objects of the charity. Restrictions arisewhen specified byihe donoror when funds are raised for particular restricted purposes.
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 2. Income Unrestricted Re5trlcted Funds Fund8 202S 2025 Total 2025 Total 2024 Donarions & legacies Offerings and donations Income tax reel8imed Gr8nt8 3.532.883 648.428 6,070 1,056 3,538.953 649,464 2.038,628 255.599 7.194 4.181.311 7.126 4,188,437 2,301,421 Charliable Aciivititss Coursegleventsloutings 74.977 1,024 76,001 49,001 Othertrading 8ctivitie8 Lettings Sales ol goods and merchandlse Other 91.559 31.819 2.219 91.559 31,819 2,219 40,219 12,634 1,390 125.597 125,597 54,243 Investments Bank Interest 1a.495 14,495 2,014 4.396.380 8,150 4.404.530 2.406.679 £Nil12024= £7.1941 w8¥ received from the Li8ted Places of Worship Grant Scheme, a Government funded 8cheme. 3. Exp•ndltur• 3a. Exp•ndltur• on Rèljlng Funds Unrestrlcted Restrlcted Funds Funds 2025 2025 Toial 2025 Total 2024 Costs of generatingvoluntary income Costs of generating charitable income Costs of generatingtrading income 23.900 92,105 60.898 23,900 92,105 60,898 18.036 44,003 32,900 176.903 176,903 94,939 20
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 3. ExpondSturo Icontlnuodl 3b. Expendlture on Charltable ActlvftSe$ ureIl¢red Re$trlcted Fvnd$ Funds 2025 2025 Total 2025 Toial 2024 People Activities Giving-to organisatlons Support Pr8mi888 8nd f8cilit188 Fin8ncing Governance 698.689 691.805 5.289 201.903 452.944 267.712 43.580 698.689 703.397 6.666 201.903 452.944 267.712 43.580 443,712 446,432 2,315 211,914 434,413 237,804 16,724 11.592 1.377 2.361.922 12.969 2,374.891 1.793,314 Stafl Costs. Included within People are the following staff co3t8: 2025 2024 Gross 8818ries Employer's National Insurance Employers Allowance Pension eoniribuliong 538.069 68,020 110,5001 11,868 344,038 35,553 15,0001 7.674 607.457 382,285 The number ol employees during the year was 1512024: 101 being 1 lull time minister12024.. 11, 1 855i5tant senior pastor12024: nill. no community projects leader12024.. 11. I youih le8d12024: 11 and 12 support stall12024.. 71. 1 employee12024.. 11 recewed emoluments in the banding E100,000- £110,000 duringthe year. Key Management P8rsonneL. Ineluded within Staff Costs above are the following eosts relating to Key Management Personnel. Key Management personnel are those in charge of planning, directing. controlling. r(Jnning, and operating the Charity on a day-to-day basis. Included wiihin those members of staff are ihe senior management personnel to whom the Trustees have delegated $18nilicant authority or responsibility In the day-to-doy running of the charity, such as the Trustees. the Senior Pastor and the Members of the 8enior leader8hip team. 2025 2024 Gr055 salaries Employer'5 National Insurance Pension contributions 235,449 31,379 4,708 129,226 15.323 2.634 271,536 147.183 Trustee Expenses. Expenses ol £nil 12024= £nill were paid to the Tiustees in Telation to training, travel and subsistence duringthe year. 21
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 4. Not Incomo Net income is stated after ch8rging'. Unrestricted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Auditor's remuneration Depreciation- ownèd asseis Hire of equipment and prtspèrty undèr tspèrating lèases 13.900 35.327 157.475 13,900 35,327 157,475 12,000 35,805 157,510 . T•xatSon As a Charity the Tab is exempt from corporation lax on income and gains falling within the exemptions availabl8 to charitSes under the provisions of ihe Corporation Tax Aci 2010 and the Taxation ol Chargeabla Goins Act 1992, 10 the extènt th8t thèsè arè appliéd for ch8ritable purposes. No tax charges have arisèn on the Ch8rity. 6. Tanilbio Flxod A••ot• Fr8*hold 14nd & Offlc bulld5ngs equ5pmenl Total Co8tlvaluatlon At 118nu8ry 2025 Additions Dispos81s 9.300.991 1,105,000 224,010 107,544 9,525,001 1,212,544 At 31 Dec8mb8r 2025 10.405.991 331,554 10,737.545 D8pr8clationlimpairm•nt At 1 January 2025 Charge for Period Disposals Reversal of imp8irment 4.502.846 157,405 35.327 4.660.251 35.327 11.201.8551 11,201,855) At 31 December 2025 3.300.991 192,732 3,493,723 Nei Book Value At 31 Decernber 2025 7,105.000 138,822 7.243,822 At 31 December 2024 9.300.991 188,683 9.489.674 All of the fixed a55ets are used forcharitable purposes. There are two freehold properties= 233-241 Lewisham High Street. London and 18 Courthill Road. London. The trustees have obtained an independent professional valijation of 233-241 Lewisham High Street. As a Consequence ol the valuation, the trUee$ concluded that part of a previous impaiiment loss recognised in earlier years had reversed. Accordingly. an impairment reversal of £1.201,855 ha5 been recogni5ed In the Staternent of Financial Activities. The carrying 8mount of the property followng the revers81 does not exceed the amount that would have been recognised had no impairment loss been recorded. 22
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 7. Flxed a8Sgt Inveslments 2025 2024 Market Value At 1 January Additions at cost Revaluation 15,000 15,000 At 31 December 15,000 15.000 Cost Loan not8 150,000 150,000 8. D•btor• 2025 2024 Prep8yment$ Gift Aid receivable Rent dep031t Other debtors 54.238 39,033 32,500 12,830 28.403 6,865 32,500 10,820 138.601 78.588 The rent deposlt 1811s due after mor6lhan one year 9. Cr•dltor•- ArnouTrt• Faulni Du•Wlthln On•Y•ar 2025 2024 Other creditor3 includingt&x8tion and 80¢i8l 8e¢urity Trade creditors Accruols Deferred income Loan- Natwest Bank Lo8n- St8wardship 30.694 40.374 57,083 27,160 7,013 158.678 43.824 48.901 36,243 14,250 10,131 159,472 321.002 312.821 Lo8n- Natwest Bank.. the loan is a Bounce Back Loan 8nd 18 unsecured. Int8r85t is ch8rg8d at 2.5% per 8nnum on the loan amount outstanding. L03n- Steward5hip.' the loan 15 secured by 8 first charge on the Lewi5ham High Street property and is repayable over 15 years. Interest is charged at Stewardship's Starbdard Lending Rate plus O.S%which was 7.2596 88 at 31 December 2025. 23
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 10. Credltors-Amounts Fawnq Due In MoreThan Oneyoar 2025 2024 Loan- Stewardship Loan- Natwesi 8ank, 8ounce Back Loan 2.358.239 2.516.123 7,203 2.358.239 2.523.326 For details o1108ns. see note 9 obove. 11. R•strlct•d Incom• Fund• 118. Current year At1 January 2025 At31 D•¢ombgr 2025 G8ln81 Tran$f•rs Ilo$$o$l Income Exyndltuio Foodbank Jam8iC8 Relief Fund C8ncer Awareness Poppy Appeal REACH Breast Caneèr Car¢ Evergreen Sickle Cell Society 5.163 719 15,1631 1131 706 44 64 3,216 86 1261 15,8491 7,927 86 1,138 1.130 11,1301 17881 Total 8.935 8,150 112,9691 4.116 11b. Prlor year At31 D?¢embgr 2024 January 2024 Oalnsl Tr•n$ters I10sg0s1 Income Exwndltuio Foodbank Beyond Walls (Prison Ministry) Children's Church Cancer Awareness Poppy Appeal REACH Breast Cancer Care Evergreen Youth workloutings Sickle Cell Society 1.818 215 63 771 12,5891 12151 1631 44 90 7.927 86 6.491 1.452 1161 7j 171XJI 114,7661 14.766 788 788 Total 9A21 17.863 118.3491 8,935 24
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 11. Restrlcted Income Funds lcontlnued) Descriptitsns otthe main re5tricled income lunds are as follows= Beyond Walls Iprison ministryl-funds r8ceived in support of prison ministry. Jamalca Rellel Fund-funds received in support ol Jamaica followingthe hurricane. Poppy App88l- funds received in support of the poppy 8ppe81. 8roa$t Concgr Coro-fLJnds received in support of the Bre8St CancerC8re. Cancer Aw&reness- funds received in support oflhe Cancer Awareness. REACH-lunds received for the Tab's community action inrtiative. Evergie8n- funds received in support ol work wilh senior citizens. Youth workloutlngs-funds rec8ived in 5UPPOrt of work with the T8b's youth. Slckle Cell Soclety-funds received in support of the Sickle Cell Society. 12. Operatlnq Loo Commltm•nts The total future minimum lease payments under non.c8ncellable operating leases are payable: 2025 2024 Not later than one year Later than one year and not later than live years After 5 years 119,848 312,000 937,960 145,687 353,848 1.015.960 1,369,808 1,S15,495 13. A•con¢lllaiion ol not In¢omèll•xp•ndlturnl to not ¢a•h flowlrom op•ratlngAetMtI•• Unwèstrlcted R•strlct•d Funds Funds 2025 2025 Total 2025 Total 2024 Net Income forthe reportlng perlod las perthe ststement ol Ilnanclalactbvltle$l 3,059,410 14,8191 3,054,591 519,953 Adjustrnentsfor: Depreciation ch8rg8S Reversal of impairment of functional property Profit on sale of fixed asset Interest paid Interest from investments Ilncrea8elldecre85e in stocks Ilncreaselldecrease in debtors Incr8888lldecreasel in creditors 35,327 11.201,8551 35,327 11.201,8551 35.805 11,5271 220,384 12,0141 196,845 114,4951 14,4711 160,0131 12.093 196,845 114,4951 14,4711 160.0131 12.093 14,065 1119,4041 Net Cash provided by operatingactivities 2.022.841 14.8191 2.018,022 667.262 25
THE TABERNACLE GLOBAL MINISTRIES Notes to the Financial Statements For the year ended 31 December 2025 THE T A 14. Analy818 of Chan40s In Net D¢h¢ Other non- ¢a$h changes At31 December 2025 January 2025 Cash flows Cash 8nd cash aquiv8lents Cash 343.503 454.129 797.632 Borrowlngs Debt due within one year D8bt du8 8ft8r on8 year 1169,6031 12,523,326) 3.931 165,087 1165,6721 12.358.239) 12.692.929) 169.018 12.523,9111 12.349,4261 623.147 11,726.2791 16. CapltslCommltm•nt• There 8re no eapit81 eommitments. 16. Related P•rtyTran•Actlon• Claudette Brown, a trusiee, recelved gloss remuneraiion of È51.54812024.. £SO.0001 and pènslon contribut5ons of £1,31712024.. E1,3131 duringths ar in har employèd eapaeityof Sènior Managèr- Businèss & Stratègy. Authority for the payment ofthi3 remuner8tion is wven bythe Memor8ndum of A380¢i8tion. The Trustees gave 8 total 01 £25,63312024: É27,5131 in unrestricted offerings and don&iions during the year. 17. M•mb•r•' Fund• Tabernacle Global Ministries is a company limited by guarantee withoui a share capi181. Instead of 8 Share capital, each member guargntees to pay no mole than £10 in the event of ihe company's liquidation. The amount of the members. guaroniee represenis a contingent assei to the company which will crystallise only it the company goes into liquid8tion. As the company is a going concern. the member5 have no obligation to pay the sum guaranteed. If on a winding up of the comp8nythere remains 8fter sati$fa¢tion of all debts and liabilitigs any a$$ets. thgy cannot be p8id to or disiributed &mongthe members bui will be ir8nslerred to Tabernacle Minisiries ol Great Britain. 26