Registered Charity No - 1150656
REBIRTH TABERNACLE
Trustees’ Report and Accounts 30 September 2020
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| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| Independent Examiners’ Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2020
Trustees 1. Mr Oswald Davis. 2. Mrs Sarah Bruno 3. Mrs Annette Philips 4. Mr Joe Blair 5. Mr David Gayle 6. Mrs Sofeta Jackson 7. Mrs Ophelia Powell-Brown 8. Nora Pusey Charity registered Number 1150656 Date of charitable registration 25 September 2012 Principal office 33 Leghorn Road London NW10 4PN Secretary Mrs Sarah Bruno Independent examiners Patsy Alexander MSC ACMA – C/o GoodtoGive Bankers Barclays Bank PLC
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Rebirth Tabernacle for the year ended 30 September 2020. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management
The 8 Trustees are:
Mr Oswald Davis
Mrs Sarah Bruno
Mrs Annette Philips
Mr Joe Blair
Mr David Gayle
Mrs Sofeta Jackson
Mrs Ophelia Powell-Brown
Mrs Nora Pusey
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
The Rebirth Tabernacle is an unincorporated charitable organisation formed on 25[th] September 2012 and registered as a charity on 25[th] September 2012. The charity is governed by a constitution dated 20 January 2013.
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.
Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s).
The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
The objectives of the charity for public benefit are to advance the Christian faith in London and in such parts of The United Kingdom as the Trustees may from time to time think fit. The charity will also from time to time undertake activities which will help to advancement of health or savings of lives and other religious activities. The charity intends to support the charitable activities by providing the building, facilities and open space.
Operational costs for this year have been supported by donations from Trustees and general donations received through fund raising activities.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity also receive rent from a flat within the church.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity. The Charity has developed a separate fund through general offerings for the sole purpose of installing a lift with in the church for disabled and less mobile members to get access to all portion of the church. The lift has been installed at the church which was highlighted in the fixed asset section.
The trustees have considered the most appropriate level of free reserve at 30 September 16 would be £20,000 (about 2 years expenditures).
Plans for future periods:
The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of disclosure of information to independent examiner
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that:
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There is no relevant information of which the Charity's independent examiner are unaware; and we have
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taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
Independent Examiner:
The Charity's independent examiner, Patsy Alexander MSC ACMA C/o Good to Give LTD, has indicated their willingness to continue in office and offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
………………………
Dated:
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REBIRTH TABERNACLE
I report on the financial statements of the charity for the year ended 30 September 2020 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/District and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Dated:
Patsy Alexander MSC ACMA
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 3 General offerings 32,501 - 32,501 37,984 Rent income 6,750 - 6,750 12,000 Gift Aid 3,500 - 3,500 951 42,751 - 42,751 50,935 Other Incoming resources Interest receivable 23 - 23 36 Total Incoming resources 42,774 - 42,774 50,971 Resources expended 4 Direct charitable expenditure 42,472 - 42,472 54,826 Governance costs 1,440 - 1,440 1,200 Total Resources expended 43,912 - 43,912 56,026 Movement in total fund for the year- Net income / (expenditure) For the year (1,138) - (1,138) (5,055) Fund balance brought forward 157,375 - 157,375 162,430 Fund balance carried forward 156,237 - 156,237 157,375 |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 3 General offerings 32,501 - 32,501 37,984 Rent income 6,750 - 6,750 12,000 Gift Aid 3,500 - 3,500 951 42,751 - 42,751 50,935 Other Incoming resources Interest receivable 23 - 23 36 Total Incoming resources 42,774 - 42,774 50,971 Resources expended 4 Direct charitable expenditure 42,472 - 42,472 54,826 Governance costs 1,440 - 1,440 1,200 Total Resources expended 43,912 - 43,912 56,026 Movement in total fund for the year- Net income / (expenditure) For the year (1,138) - (1,138) (5,055) Fund balance brought forward 157,375 - 157,375 162,430 Fund balance carried forward 156,237 - 156,237 157,375 |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 Notes £ £ £ £ Incoming resources 3 General offerings 32,501 - 32,501 37,984 Rent income 6,750 - 6,750 12,000 Gift Aid 3,500 - 3,500 951 42,751 - 42,751 50,935 Other Incoming resources Interest receivable 23 - 23 36 Total Incoming resources 42,774 - 42,774 50,971 Resources expended 4 Direct charitable expenditure 42,472 - 42,472 54,826 Governance costs 1,440 - 1,440 1,200 Total Resources expended 43,912 - 43,912 56,026 Movement in total fund for the year- Net income / (expenditure) For the year (1,138) - (1,138) (5,055) Fund balance brought forward 157,375 - 157,375 162,430 Fund balance carried forward 156,237 - 156,237 157,375 |
|---|---|---|
| Notes Incoming resources 3 General offerings Rent income Gift Aid Other Incoming resources Interest receivable Total Incoming resources Resources expended 4 Direct charitable expenditure Governance costs Total Resources expended Movement in total fund for the year- Net income / (expenditure) For the year Fund balance brought forward Fund balance carried forward |
Unrestricted Restricted Total Funds Total Funds 2020 2020 2020 2019 £ £ £ £ 32,501 - 32,501 37,984 6,750 - 6,750 12,000 3,500 - 3,500 951 |
|
| 42,751 - 42,751 50,935 |
||
| 23 - 23 36 |
||
| 42,774 - 42,774 50,971 |
||
| 42,472 - 42,472 54,826 1,440 - 1,440 1,200 |
||
| 43,912 - 43,912 56,026 |
||
| (1,138) - (1,138) (5,055) 157,375 - 157,375 162,430 156,237 - 156,237 157,375 |
The notes on pages 9 to 11 form part of these financial statements.
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BALANCE SHEET
AS AT 30 SEPTEMBER 2020
| Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank CREDITORS:amounts falling due within one year NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
£ 40,447 |
2020 £ 117,230 39,007 |
£ - 36,643 |
2019 £ 122,232 35,143 |
|---|---|---|---|---|
| 40,447 (1,440) |
36,643 (1,200) |
|||
| 156,237 - |
157,375 - |
|||
| 156,237 | 157,375 | |||
| 156,237 | 157,375 |
The financial statements were approved by the Trustees on and signed on their behalf, by:
The notes on pages 9 to 11 form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
1.5 Fixed Asset
All fixed assets are initially recorded at cost
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Leasehold Property - 2% Straight Line
Fixtures & Fittings - 20% Reducing balance
Motor Vehicle – 20% straight line
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
2. TRUSTEE EXPENSES
There were no Trustee expenses paid during 2020 and 2019.
3. VOLUNTARY INCOME
| Donations from individuals Gift Aid Rental Income Interest Receivable Total Income |
2020 £ 32,501 3,500 6,750 23 42,774 |
2019 £ 37,984 951 12,000 36 |
|---|---|---|
| 50,971 |
4. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Utility Rates & water Insurance Telephone & Internet Charitable donation Repair & Renewals Travel & Subsistence Other Direct Cost Subscription Cleaning Bank Interest Depreciation Total support cost |
2020 £ 656 1,587 3,826 737 300 8,278 2,600 15,539 300 2,710 - 5,939 42,472 |
2019 £ 637 1,756 3,884 707 1,000 17,975 3,440 16,502 276 2,710 - 5,939 |
| 54,826 |
5. GOVERNANCE COSTS
| GOVERNANCE COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| Support costs – Governance | 1,440 | 1,200 |
6. CREDITORS: Amounts falling due within one year
| 2020 | 2019 | |
|---|---|---|
| Accruals and deferred income | 1,440 | 1,200 |
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
7. TANGEBLE FIXED ASSET :
| Leasehold | Fixtures & |
Motor | ||
|---|---|---|---|---|
| Property | Fittings | Vehicle | Total | |
| £ | £ | £ | ||
| COST | ||||
| At 1 OCTOBER 2019 | 127.799 | 4,682 | 12,232 | 144,713 |
| Additions | - | - | - | - |
| At 30 SEPTEMBER 2020 | 127,799 | 4,682 | 12,232 | 144,713 |
| DEPRECIATION | ||||
| At 1 OCTOBER 2019 | 10,461 | 4,682 | 7,338 | 22,481 |
| Charge for the year | 2,556 | 936 | 2,446 | 5,938 |
| At 30 SEPTEMBER 2020 | 13,017 | 4,682 | 9,784 | 27,483 |
| NET BOOK VALUE | ||||
| At 30 SEPTEMBER 2020 | 114,782 | 0 | 2,448 | 117,230 |
| At 30 SEPTEMBER 2019 | 117,338 | - | 4,894 | 122,232 |
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