REGISTERED CHARITY NUMBER: 1154417
CHRIST TEMPLE OF WORSHIP
REPORT AND FINANCIAL STATEMENT FOR THE
YEAR ENDED 30[TH] SEPTEMBER 2021
J &T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF
CHRIST TEMPLE OF WORSHIP
| Page | |
|---|---|
| CONTENTS | 2 |
| Charity information | 3 |
| Trustees’ Report | 4-5 |
| Independent Examiner’s report | 6 |
| Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 – 12 |
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REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1154417
Registered office MAYFAIR HOUSE 20 SHANNON STREET LEEDS LS9 8SS
Trustees
Rev. Eve Maloba Mr. Paul Karisa Pastor Simbarashe Tayengwa
Accountants
J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF
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Trustees’ Report
The Trustees have pleasure in submitting their report, and accounts for the year ended 30[th] September 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the statement of recommended practice.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was adopted 7th May 2012.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held events and conferences during the year in which individuals came from all around the community. The charity was involved in food distribution through food banks. This has produced good results in reaching and helping members of the community. The church also runs classes every Saturday for the youth to help them in their spiritual development. The organisation also reaches out to support the homeless with the Christian message.
FINANCIAL REVIEW
The income of the charity is £217,201. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly conferences in UK. They also plan to open up other branch churches in suitable locations. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
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RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on ___ 2021
and signed on their behalf by:
Rev. Eve Maloba
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Independent Examiner’s Report
To the Trustees of CHRIST TEMPLE OF WORSHIP
I report on the accounts of the church for the year ended 30[th] September 2021 set out on pages six to eleven
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
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1) Examine the accounts under section 145 of the 2011 Act.
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2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
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3) 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 Commission. An examination includes a review of the accounting records kept by the charity 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 statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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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 386 and 387 of the Companies Act 2006;
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting by Charities have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Joseph Kinuthia C.P.A, DMS, MBA J & T Lexington Services Ltd
8 Holme Close, Redhill Grange Wellingborough NN9 5YF
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Statement of financial activities for the year ended 30[th] September 2021 Incorporating the Income and Expenditure Account
| Note Incoming Resources Incoming resources from generated funds Voluntary income 2 Gift Aid Total Incoming Resources Resources expended Charitable activities Rent & Rates Conferences & Events Gift & donations Motor vehicle expenses Printing & Stationery Travel & Subsistence Advertising Repairs & renewals Media & web hosting Subscriptions Mission Cleaning & waste disposal Insurances Telephone & postage Professional & legal charges Water, gas & electricity Volunteer expenses Depreciation Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at 30th September 2021 |
2021 £ 217,201 42,717 259,918 48,659 22,850 40,860 5,500 3,960 20,141 1,500 20,245 3,100 800 - 5,313 3,178 1,000 5,500 20,598 12,500 4,616 220,320 1,200 221,520 38,398 38,398 |
2020 £ |
|---|---|---|
| 200,306 43,282 |
||
| 243,588 | ||
| 23,802 26,221 38,732 7,300 450 17,950 - 12,011 3,907 - 4,600 1,752 1,400 1,186 4,000 7,230 20,000 3,468 |
||
| 174,009 1,200 |
||
| 175,209 | ||
| 68,379 68,379 |
There were no recognised gains or losses in the year. All activities derive from continuing operations.
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Balance Sheet as at 30[th] September 2021
| Note Fixed assets Tangible fixed assets 4 Current assets Cash at bank and in hand Creditors- amounts falling due within one year 6 Net current assets Net assets Represented by: Loan from Natwest Funds of the charity Reserves Net incoming resources Total Funds for the charity |
318,826 | 2021 £ 33,849 317,626 351,475 49,113 263,964 38,398 351,475 |
2020 £ 25,431 289,733 |
||
|---|---|---|---|---|---|
| 318,826 (1,200) |
289,733 (1200) |
||||
| 288,533 | |||||
| 313,964 | |||||
| 50,000 195,585 68,379 |
|||||
| 313,964 |
The financial statements were approved by the Trustees on ……………2021 and signed on their behalf by:
___________
Rev. Eve Maloba Trustee
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Notes to the financial statements for the year ended 30[th] September 2021
1. Accounting policies
a) Accounting basis
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
b) Incoming resources
i) Voluntary income
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
ii) Bank interest
Bank interest is included in the income and expenditure account on receipt.
c) Resources expended
All expenditure is accounted for on an accruals basis.
d) Fixed assets and depreciation
Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Assets are depreciated as follows: Instruments & Equipments at 10%.
e) Restricted and unrestricted funds
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
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Notes to the financial statements for the year ended 30[th] September 2021
1. Accounting policies (continued)
f) Designated funds
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
g) Irrecoverable VAT
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
h) Cash Flow
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
2. Incoming resources from generated funds
| Voluntary income Tithes and offerings Gift aid |
Unrestricted £ 217,201 42,717 259,918 |
Restricted £ - - 0.00 |
Total funds 2021 £ |
|---|---|---|---|
| 217,201 42,717 |
|||
| 259,918 |
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Notes to the financial statements for the year ended 30[th] September 2021
3. Governance costs
| Accountancy fees | £ 1,200 |
|---|---|
| 1,200 |
4. Tangible fixed assets
| Cost At 1st October 2020 Additions At 30thSeptember 2021 Depreciation At 1st October 2020 Charge At 30thSeptember 2021 Net book value 2021 Net book value 2020 |
Church Equipment & Instruments £ 35,543 13,034 48,577 10,112 4,616 14,728 33,849 25,431 |
Total £ |
|---|---|---|
| 35,543 13,034 |
||
| 48,577 | ||
| 10,112 4,616 |
||
| 14,728 | ||
| 33,849 | ||
| 25,431 |
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Notes to the financial statements for the year ended 30[th] September 2021
6. Creditors – amounts falling due within one year
| Other creditors and accruals | 2021 £ 1,200 |
2020 |
|---|---|---|
| £ 1,200 |
7. Financial commitments
Capital Commitments
The church had no capital commitment as at 30[th] September 2021.
Operating lease commitments
The church had an operating lease as at 30[th] September 2021.
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