IN HIS PRESENCE CHRIST TABERNACLE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
CHARITY NUMBER: 1157307
IN HIS PRESENCE CHRIST TABERNACLE 173 LIMPSFIELD ROAD WARLINGHAM SURREY CR6 9RG
INDEX Page Index 1 Trustees’ Report 2 - 3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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IN HIS PRESENCE CHRIST TABERNACLE
TRUSTEES’ REPORT YEAR ENDED 31[st] DECEMBER 2024
The trustees are pleased to present their report for the year ended 31[st] December 2024 for the charity, In His presence Christ Tabernacle with charity number 1157307.
The Trustees of the charity are: Pastor Sarah Ademuyiwa Rev Esther Lambo Elder Jacob Olanipekun
The principal address of the charity is : 173 Limpsfield Road Warlingham CR6 9RG
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 1[st] December 2013 .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 continues to hold successful Christian worship services through the year in which individuals were equipped and educated on the principles of the Christian faith. The church also continues to support its Christian outreaches in the community and as a result the church received new members during the financial year as a result of its activities in the community. The organisation continues to support and run its branch church in Lagos Nigeria. They also supported the building expenses of that church and its outreach programs.
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FINANCIAL REVIEW
The income of the charity is above £56,000. 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.
PLANS FOR THE FUTURE
The church intends to continue to host its regular weekly services in UK. The church has set up a plan to pay off its debt within the next four years. The intended reappointment 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.
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 7[th] February 2025 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
IN HIS PRESENCE CHRIST TABERNACLE
I report on the accounts of the church for the year ended 31[st] December 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 43(3) of the 1993 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act.
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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 church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of 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 aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 41 of the Act)
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka Bsc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH 4
IN HIS PRESENCE CHRIST TABERNACLE
ACCOUNTS FOR THE YEAR ENDED 31st December 2024
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Tithes and Offerings Gift Aid Total Receipts Direct Charitable Expenditure Telephone & Internet Web hosting costs Rates Bank charges Professional fees Music Services Refreshments Courier services Card services Guest Speakers expenses Printing and Advertisng Renovation costs Stationary Rent & Hall hire Supplies Mission Hotel Transport Training Welfare Media services Other Expenditure Equipment Fixtures & Fittings Event costs Accounting services Total Payments Net Receipts/(Payments) for the year Loan paid Cash Funds brought forward Cash Funds at the end of the year 5 |
£/2024 £/2023 46000 71632 10354 16111 |
|---|---|
| 56354 87743 |
|
| 434 552 280 180 90 170 116 131 1087 2748 7067 5190 221 1050 829 990 33 26 1800 5110 1191 2460 670 1900 603 940 19800 22100 2287 1241 15681 31206 130 141 313 480 0 0 1600 1610 819 1250 |
|
| 55051 79475 |
|
| 0 2080 0 0 2680 4389 300 300 |
|
| 2980 6769 58031 86244 -1677 1499 -150 8715 7216 |
|
| 6888 8715 |
|
IN HIS PRESENCE CHRIST TABERNACLE
2 Statements of Assets and Liabilities at 31st December 2024
| Cash Funds Cash at hand and in bank Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Fixtures & Fittings Liabilities Accounting fee LOAN |
Unrestricted Funds 2024 2023 £ £ 6888 8715 6888 8715 167 209 4066 5082 2776 3470 7009 8761 384 372 4687 5687 |
|---|---|
Approved by the Trustees and signed on their behalf:
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IN HIS PRESENCE CHRIST TABERNACLE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had no employees during the accounting year. All the work of the organisation was undertaken by volunteers during the financial year.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method.
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