(Registered Charity No-1150656} REBIRTH TABERNACLE REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
CONTENTS PAGE Trustees Annual Report Independent Examiners Report Statement of Financial Activities Summary income and Expenditure Accounts Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities 15
TRUSTEESI REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees, who are also director5 of the charity for the purpose of the companies Act 2006, present their report with the unaudited financial statement of the charity for the year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. Charity No. I 150656 Principle Office. 33 Leghorn Road London NWIO 4PN DIRECTORS AND TRUSTEES The Dircctors of the charitable company are its Tru5tecs for the purposc of charity law. The following Directors and Trustees served during the year: Annelte Philips David Gayle Joe Blair Ophelia Powell-Brown Oswald Davis AccouiYfAiYrs Accounting Assist LTD 7 Bell Yard, WC2A 2JR BANKERS Barclays Bank PLC The Trustces play a primary Tole in ensuring good governance and functioning of the foundation. Th¢ Boards rol¢, function are 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.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEvfEMBER 2024 Recruitment and Appointment of Trustees: The members of the General Trustee Board are trustees for the pury)ose of charity law. New Trustees may be appointed by resolution of a meeting of the Trustees. Much of ihe charity's work focuses upon ihe promotion of the Christian religion and the running and maint¢nancc of its placcs of worship. The General Truslee Board seeks lo ensure that the need of its group is appropriately reflected through the diversity of the truslee body. To enhance the potential pool of trustees, tl)e 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 ofihe charity and use their experience to assist ihe charity. Objectives and Activities: The objectives of the charity for public benefil are to advance thc Christian faith in London and in such parts of the Unitcd Kingdom as thc Trustces may from time to tlme ihink fit. Thc charity will also from time to time undertake activities which will help in advancemcnt of hcalth or saving of lives and othcr religious aclivilies. 'I"he charity inlends to support thc charltable aclivitics by providing the building, facilitics and open space. Operulional costs for this year have been supported by donations from trustees and gyeneral donations received througih fund raining activities. Risk Managemcnt: We are cominitted to a policy of identifying, monitoring and managFing Ihe risks that might adversely affect thc activitics in which we are involved. In Ihis context, risk is defined as ihe polential to rail to achievc charity objectives and for loss, financial and reputational, inherent in the cnvironment in which wc operate in the nature of the transactions undertaken. The principal risk of the charily h& bcen dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so thal the charity has sufficient reserve in ilie event of adverse condition(s). the Irustees have also examincd other operational and business risks which tliey face and confimi Ihat they have laken steps to mitigalc the sigynificant risks. Public Benefit: The Trustees have complied wilh the duty in Section 4 of the Charilies Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with aims of the charity in UK. Flnancial Rcvfiew: The largest contribution to the charity for ihe 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. Plans for Future Periods: The Charity plans to develop various fundraising strategy to include community Outreach. Besides community outreach and events, the Charity is aiming to achieve its targets tlirough securing
TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly programffle. 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 Englandlwales requires the Board of Trustees to prepare financial slatemenls 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 statemenls the Board of TteeS have: Selected suitable accounting policies and applied them consistently. Made judgments and estimates thal are reasonable and prudenL Stated whether applicable accounting andardS have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepared the financial statements on a going concern b&sis (unless it is inappropriate to presume that the Charity will Continue in operation). The Trustees are responsible for keeping proper accounting records that disclose with re&sonable accuracy at any time the financial p051tion of Ihe charity and io ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable sleps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance wilh ihe provisions applicable to companies subject to the small companies, regime as set out in Part 15 of the Companies Acl 2006 and in accordance with the Charities SORP (FRS 102) Independent Examiner: The Charity's independent examiner, Anum Hassan, FCCA of Accounting Assist Ltd Clo Good io Give Ltd, have indicated their willingness lo offer themselves for appointment. This report w&8 approved by the Trustees on and signed on their behalf by: &S6LL Sigllat 9-4-1 6 I Ir
INDEPENDENT EXAMINER"S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REBIRTH TABERNACLE I report on the financial statements of Rebirth Tabemacle for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Summary income and Expenditure Accounts, the Balance Sheet, the Statement of Cash Flows and related notes. Responsibilities and basis of report: As the charity trustees, you are responsible for the preparation of the accounts in accordanc¢ with the requirements of ihe Charities Act 2011 ('the Act"), and consider that an audit is not required for the year under Section 144 of ihe Charities Act 2011 and that an independent examination is required Having satisfied myself that the financial statements of the Charity ar¢ 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 financial statctnents as Caled out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carying out my examinalion I have followed Ihe Directions given by the Charity Commission under section 145(5) (b) of the 2011 ACL Independent Examiner's Statement: I have completed my examination. I can confirn) that no material matters have come to my attention in connection with the examination giving tne cause to believe: accounting records wcrc not kept in accordance with section 386 of the 2(M)6 Act: or the flnancial statements do not accord with those records. or the financial statements do not comply with the accounting requirements under section 396 of ihe 2006 Act other than any requirement that the financia] statements give a'tnje and faif view which is not a matter considered as part of an independent examination" or the fjnancial statements have not been prepared in accordance ivith the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in ihe 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 financial slatements to be reached. Signed: Dated: 1010712025 Anum Hassan, FCCA On behalf of Accounting Assist Ltd 51 Page
STATEMENT OF FINANCtAL AcfIviTIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 30 SEIryEMBER 2024 Unrestricted Restricted Total Funds Totsl Funds 2024 2024 2024 2023 Noles Incoming resources: Donations & legacies 49,289 49.289 49,443 Other 17.486 17,486 19.598 Totlll Incomlng resources 66,775 66.775 69,042 Resources expended.. Charitable Activities 33,440 33,440 2,255 Other 57,703 57,703 37,308 Total Resources expended 91,143 9J,143 39,S62 Net Income -24J67 -24J67 29,479 Net Income Before Other GainslLosses -24J67 -24J67 29,479 Movement in total fund for the year- Net income / (expenditure) For the year -24J67 -24J67 29,479 Fund balance brought fotw#rd 230J49 230J49 200.870 Fund balance carried forward 205,982 205,982 230J49
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 30 SEYfEMBER 2024 2024 2023 Income 66.775 69,042 Gross Intome for the Year 66,775 69,042 Expenditure 78,192 29.059 Depreciation & Charges for impaimicnt of rjxed assets 12,950 10,504 Total Expenditure for Ihe Year 91,143 39.562 Net Income before Tax for the year -24J67 29,479 Net Income for the year -24J67 29,479
BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2024 2023 2023 Note FIXED AssErs Tangible Assds CURRENT ASSETS 162,411 175J61 Debtors C&%h at Bank and in Hand io 15,065 30,786 450il 13,186 43J31 56,717 CREDITORS: amounts falling due vithin One year li -2280 -1,729 NET CURREiYf ASSETS 43,571 54,988 TOTAL ASSETS LESS CURRENT LIABILITIES 205,982 230?49 ET ASSETS EXCLUDII%G PELNSION ASSET OR LIABILITY 205982 230,349 TOTAL NL ET ASSETS 205,982 230J49 CHARITY FUNDS 12 Unrestricted funds Restricted funds General Funds ReseTYes 205,982 230J49 TOTAL FUNDS 205,982 230J49 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 related to small Companies. For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 related to small Businesses. The members have not required the company to obtain an audit in accordance with 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect to accounting records and the preparntion of accounts. Approved by the Trustees and S1cd on their behalf, by: Signature....... Date....... The notes on pages 9- 14 forni part of these financial statements
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024 I. ACCOUNTING POLICIES Basis of aration: The financial statements have becn prcparcd in accordance with Accounting and Reporting by Charities: Statetnent of Recommended Practice applicable to charities prcparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic if Ii¢land (fRS 102) (effective l January 2015) - (Charities SORP (fRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Compantes Act 2006. re Reco nition ofIn¢omc: Income is included in the Staternent of financial activities (SofA) when the Charity has becomc entitled to and virtually certain to receive, the income and the amount can be measured witli sufficient reliability. Incnmc Ivith Rclatcd F.x enditure: Where income has related expenditure the income and related expenditure is reportcd gross in the SOFA Donations and Le acies: Volunlary income rcceived by way of grants, donations and gifts is included in tl)e SofA when receivable and only when the charity has unconditional entitlement to the income. Donations And iftq: Gift / Donation to which it relates. Dfinate(I servie¢s qnd facillties: These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonable quantifiable, measurablc and material. Volunteer hel The valuc of any voluntcer help received is not included in the accounts. Rcco nition of Ex cnditiirc: Expendilure is recognised on an accrual's basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to wliich it relates. enditure on raisin funds: These comprise the costs &ssociated with attracting voluntary income. fundraising trading costs and investment management costs. enditure on eharitable activities: These comprise the costs incurred by the cliarity in the delivery of its activities and services in the furtherance of its objcctivc, including ihe making of grants and governanG¢ costs. Governance costs: These include those costs associated with meting the constitutional and statutory requirements of the charity, including any auditlindependent examination fees, costs linked to the strategic management of the charity, together with a share of other administration costs.
NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Other expenditure:
These are support costs not allocated to a particular activity.
Tangible fixed assets and depreciation:
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold property 2% Straight Line Fixture & fittings 20% Reducing Balance Motor vehicle 20% straight line
Trade and other Debtors:
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.
Cash and Cash Equivalent:
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdraft is shown within borrowings or current liabilities. In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company’s cash management.
Trade and other creditors:
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thirst party and the amount due to settle the obligation can be measured or estimated reliable. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.
Receipt of donated goods, facilities and services:
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
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NOTES TO THE FINANCIAL STATEMENT(Conliiiued) FOR THE YEAR ENDED 30 SEYfEMBER 2024 3. STATEMENT OF FIANCIAL ACTIVITIES- PRIOR YEAR Unrestricted Total Funds 2023 2023 Incoming resources.. Donations & legacies 49,443 49,443 Rental Income 12.100 12,100 Gift Aid 1,698 1,698 Tnterest R¢c¢ivable 200 200 Asset Disposal 5,600 5,600 'I'otal 69,041 69,041 Expenditure on: Charitablc Activities 27,631 27,631 Support Cost- Governance 1,848 1,848 Tot41 29,479 29,479 Net Income 29,479 29,479 Net Incotne Before Other GAinslLo55es 29,479 29,479 Other Gains and Losses Net Movement in Funds 29,479 29,479 Fund balance brought forward 200,870 200,870 Fund balance carried forward 230J49 230J49 111 Page
NOTES TO THE FINANCIAL STATEMENT(Contiiiued) FOR THE YEAR ENDED 30 SEvfEMBER 2024 4. INCOME FROM DONATIONS AND LEGACIES Unrestricted Funds Total fiunds 2024 Total Funds 2023 49,289 49,289 49,289 49,289 49,443 49,443 5. OTHER INCOME Unrestricted Total Funds 2024 Total Funds 2023 Gift Aid Rcnt Income Interest Receivable Sale of Veliicle Tolal 2,762 14,300 425 2,762 14,300 425 1,698 12,100 200 5,600 6. EXPENDITURE ON CHARITIBLE ACTIVITIES Unrcstricted Funds Total Funds 2024 Tolal Funds 2023 Expenditure on Charitable Activilies: Charilable Donations Support Cost- Govcrnance Total 33,440 33,440 2,255 1,848 7. OTHER EXPENDITURE Unreslricted Funds Total Funds 2024 Total Funds 2023 Other Direct Costs Motor & Travel Costs Premises Costs Amortisation, Depreciation, Impaimient, ProfillLoss on Disposal of Fixed Assets. General administrative Costs Legal & Professional Costs Total 3,948 1.472 33,412 12,950 3,948 1,472 33,412 12,950 5,880 2,041 11,980 10,504 3,917 2,005 3.917 5,055 1,848 37 08 121 Page
NOTES TO THE FINANCIAL STATEMENf{Conlinued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 8. NET INCOME BEFORE TRANSFERS Total Funds 2024 Total Funds 2023 This is stated after charging: Depreciation of owned fixed assets Total -24,367 -24J67 29,479 29,479 9. TANGIBLE FIXED ASSETS Land & Building Fixture & Motor Fittings Vehiele Total COST At I" October 2023 Additions At 30 September 2024 168.868 47,865 4,682 221,415 168,868 47,865 4,682 221,415 DEPRECIATION At 1st October 2023 Depreciation Charge for the Year At 30 September 2024 22,013 3,377 25,390 19,359 9,573 28,932 4,682 46,054 12,950 59,004 4,682 NET BOOK VALUE At 30" September 2024 At 30° September 2023 143,478 146,855 18,933 28,506 162,411 175,361 10. DEBTORS Unrestricted Funds Total Funds 2024 Total Funds 2023 Other Debtors Total 15.065 15,065 15,065 15,065 13,186 13,186 131 Page
NOTES TO THE FINANCIAL STATEMENT(Coiitiiiued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. CREDITORS: Amount falling due within one year Unrestricted Funds Total Funds 2024 Total Funds 2023 Accruals Total 2.280 2280 2,280 1,729 12. MOVEMENT IN FUNDS Ineoming Resources (Including other GainsIss&$) At 30" September 2024 Atl" October 2023 Rcsources Expended Restrictcd Fund5: Unrestricted Funds: Genernl Fund5-. Total Fun(L8 230,349 230,349 66,776 66.776 91.143 91,143 205,982 205,982 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Fund5 Total Funds 2024 Total Funds 2023 Fixed Assets Net Current Assets Total 162.411 30,786 193,196 162.411 30,786 193,196 175,361 54,988 229 49 14. RECONCILIATION OF NET DEvr At 30 September 2024 At I" October 2023 Cash Flow Cash and Cash Equivalent 43,531 43,531 -11.439 -11,439 32,092 32,092 Net Debt 15. RELATED PART DISCLOStniES Conlrolliiigparty The company is limited by guarantee and has no share capital. thu% no single party controls the company. 141 Page
DETAILED STATEMENT OF FIANCIAL ACTIVITIES (Conlinued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Funds 2024 Total funds Total funds 2024 2023 Incoming & Endowments from: Donations and Legacies 49.289 49,289 49,289 49,289 49,443 49,443 Other Income: Gift Aid Rent Income Interest Receivablc 2,762 14,300 425 2,762 14,300 425 1,698 12,100 200 Asset Disposal 5,600 17,486 17,486 19,598 Total Income & F.ndowmcnts 66,776 66,776 69,042 Expcndlture On: Charitable Activities Charitable Donalions Governance Costs Total Expenditurc on Charitable Activities 32,840 600 2,005 35,444 32,840 600 2,005 35,444 2,255 E,848 4,103 Other Expenditure: Other Direct Costs 3,948 3,948 3,948 3,948 5,899 5,899 Motor and Travel Costs: Vehicles- General Costs Travel & Subsistcnce 702 770 1,472 702 770 1,472 1,257 784 2,041 Premises Costs: Rates Light, heat and power Premises Cleaning Premises repairs and maintenance 1,452 3,812 594 27,554 33,412 1,452 3,812 594 27,554 33,412 1,655 5,210 430 4,675 11.980 General Administrative Costs, including Deprccialion & Amortisation: Deprecialion of land & Buildings Depreciation of Fixture & Fittings 151 Page 3,377 3,377
Depreciation of Motor Vehicles General Insurances Subscriptions Telephone, fax & broadband 9,573 2,867 325 724 16,867 9,573 2,867 325 724 16,867 4,001 459 595 5,055 Total of expenditure of other costs Total expenditure Net gains on Investments 57,703 91,143 57,703 91,143 37,308 39,562 1¥4et Income 66,776 66,776 29,479 Net Income before other gainsl (losses) Other Gains 66,776 66,776 29,479 Net movement in funds -24,367 -24J67 29,479 Reconciliation of funds: Tolal funds brought forward Total funds carried fonvard 230,349 205,982 230,349 205,982 200,870 230,349 161 Page