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2021-03-31-accounts

Charity number: 1141363 Company number: 07424153

(England and Wales)

MELODY TABERNACLE

TRUSTEES' REPORT AND ACCOUNTS

For the year ended 31 March 2021

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MELODY TABERNACLE Contents Page For the year ended 31 March 2021

Report of the Trustees 1 to 2
Independent Examiner's Report to the Trustees 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11

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MELODY TABERNACLE Report of the Trustees

For the year ended 31 March 2021

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives which are for the public benefit are set out below: 1 Advancement of religion - to advance the christian religion in the UK or the world as the trustees may consider appropriate.

2 Advancement of education - to advance education with christian principles in the UK or the world as the trustees may consider appropriate. 3 Relief of need, hardship or distress - to relieve people who are in conditions of need, hardship or distress in the UK or the world as the trustees may consider appropriate.

The main activities in relation to these objects are: Preaching the gospel of Jesus Christ. Education and training Poverty alleviation locally and overseas Promotion of healthy living and lifestyle. Supporting other charities Facilitating community cohesion Provision of services

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Volunteers

Melody Tabernacle has many volunteers that assist the Church in achieving its objectives.

FINANCIAL REVIEW

In the year to 31st March 2021, the charity reported a total income of £45,800 (£76,696 - 2020) and a net surplus of £31,040 (£23,340 - 2020), accumulated funds were £164,162 (£133,122 - 2020).

The Trustees continue to place emphasis on financial management to ensure that the funds within the organisation are properly managed.

Reserves

The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities and are working towards achieving it.

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Melody Tabernacle is a charitable company registered on the 1st April 2011 and is controlled by its governing document, a memorandum and articles incorporated on the 29th October 2010.

Recruitment and appointment of trustees

Trustees are elected by existing trustees in a way that serves the Charity's best interests and Trustees are made aware of the legal responsibilities they will be taking on.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity MELODY TABERNACLE Charity registration number 1141363 Company registration number 07424153 Principal address 113B Golders Green Road LONDON NW11 8HR

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MELODY TABERNACLE Report of the Trustees Continued For the year ended 31 March 2021

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr Henry Akinugba Mrs Abiola Adekunle Mr Abiodun Adedeji-Iyiola Independent examiners Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX Approved by the Board of Trustees and signed on its behalf by ............................................................................. 28 January 2022 Mr Abiodun Adedeji-Iyiola

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MELODY TABERNACLE Independent Examiners Report to the Trustees

For the year ended 31 March 2021

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX

28 January 2022

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MELODY TABERNACLE Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021

Notes
Income and endowments from:
Donations and legacies
2
Total
Expenditure on:
Charitable activities
3/4
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
45,800
45,800
)
(14,760
)
(14,760
31,040
133,122
164,162		 2020
£
76,696
76,696
)
(53,356
)
(53,356
23,340
109,782
133,122

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07424153

Registered Number :

MELODY TABERNACLE Statement of Financial Position

As at 31 March 2021

Notes
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted income funds
12
Total funds		 £
2021
1,432
1,432
164,230
164,230
)
(1,500
162,730
164,162
164,162
164,162
164,162		 £
2020
2,271
2,271
133,761
133,761
)
(2,910
130,851
133,122
133,122
133,122
133,122

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr Abiodun Adedeji-Iyiola Trustee

28 January 2022

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MELODY TABERNACLE Notes to the Financial Statements For the year ended 31 March 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

MELODY TABERNACLE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small.

Funds

Fund is mainly through voluntary donations of tithes and offerings by the church members and the government gift aid scheme.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Charitable activites

Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.

Allocation and appointment of costs

Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment Fixtures and fittings

20% per annum on cost 20% per annum on cost

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MELODY TABERNACLE Notes to the Financial Statements Continued

For the year ended 31 March 2021

2. Income from donations and legacies

Unrestricted funds
Donations received
osts of charitable activities by fund type
Unrestricted funds
Charitable Activities
Support costs
osts of charitable activities by activity type
Support costs
Activities
undertaken
directly
£
£
Support costs
Charitable Activities
5,480
9,280
nalysis of support costs
Charitable Activities
Management
Governance costs		 2021
£
45,800
45,800
2021
£
9,280
5,480
14,760
2021
£
14,760
2021
£
2,539
2,941
5,480		 2020
£
76,696
76,696
2020
£
43,956
9,400
53,356
2020
£
53,356
2020
£
5,000
4,400
9,400

3. Costs of charitable activities by fund type

4. Costs of charitable activities by activity type

5. Analysis of support costs

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MELODY TABERNACLE Notes to the Financial Statements Continued

For the year ended 31 March 2021

6. Net income/(expenditure) for the year

This is stated after charging/(crediting):

Depreciation of owned fixed assets
Accountancy fees
taff costs and emoluments
Employee		 2021
£
839
2,441
2021
1
1		 2020
£
839
4,400
2020
1
1

7. Staff costs and emoluments

No employee received benefits of more than £60,000 during the year.

8. Trustee remuneration and related party transactions

There were no related parties transactions in either the current year or preceding period.

No remuneration has been paid to the Trustees in either the current or preceding period.

9. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

10. Tangible fixed assets

Cost or valuation
At 01 April 2020
At 31 March 2021
Depreciation
At 01 April 2020
Charge for year
At 31 March 2021
Net book values
At 31 March 2021
At 31 March 2020		 Fixtures and
fittings
£
12,262
12,262
10,683
733
11,416
846
1,579		 Computer
equipment
£
798
798
106
106
212
586
692		 Total
£
13,060
13,060
10,789
839
11,628
1,432
2,271

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MELODY TABERNACLE Notes to the Financial Statements Continued

For the year ended 31 March 2021

11. Creditors: amounts falling due within one year

Accruals and deferred income
Movement in funds
Unrestricted Funds
General
General
Unrestricted Funds - Previous year
General
General		 Balance at
01/04/2020
£
133,122
133,122
Balance at
01/04/2019
£
109,782
109,782		 Incoming
resources
£
45,800
45,800
Incoming
resources
£
76,696
76,696		 2021
£
1,500
1,500
Outgoing
resources
£
)
(14,760
)
(14,760
Outgoing
resources
£
)
(53,356
)
(53,356		 2020
£
2,910
2,910
Balance at
31/03/2021
£
164,162
164,162
Balance at
31/03/2020
£
133,122
133,122

12. Movement in funds

Purpose of unrestricted Funds

General

Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.

13. Analysis of net assets between funds

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
1,432
162,730
164,162
1,432
162,730
164,162

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MELODY TABERNACLE Notes to the Financial Statements Continued

For the year ended 31 March 2021

Previous year

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
2,271
130,851
133,122
2,271
130,851
133,122

14. Company limited by guarantee

MELODY TABERNACLE is a company limited by guarantee and accordingly does not have a share capital.

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MELODY TABERNACLE Detailed Statement of Financial Activities

For the year ended 31 March 2021

INCOME AND ENDOWMENT
Donations and legacies
Tithes & Offerings
Total incoming resources
EXPENDITURE
Charitable activities
Rent & Rates
Donations & Welfare
Honorarium
Hospitality
Ministry Expenses
Choir & Musicians
Covid-19 Support
Outreach & Other Events
SUPPORT COSTS
Management
Depreciation - Owned Assets
Printing & Advertising
Office Costs
Travel
Insurance
Telephone
Training
Small Equipment
Communications
Governance costs
Accountancy Fees
Legal & Professional Fees
Total resources expended
Net Income		 £
2021
45,800
45,800
45,800
-
)
(1,000
)
(937
)
(200
)
(67
-
)
(3,600
)
(3,476
)
(9,280
)
(839
)
(60
-
-
-
)
(868
-
)
(714
)
(58
)
(2,539
)
(2,441
)
(500
)
(2,941
)
(14,760
31,040		 £
2020
76,696
76,696
76,696
)
(33,490
)
(2,000
)
(1,250
)
(2,942
)
(3,154
)
(1,120
-
-
)
(43,956
)
(839
)
(1,341
)
(904
)
(73
)
(446
)
(847
)
(550
-
-
)
(5,000
)
(4,400
-
)
(4,400
)
(53,356
23,340

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