## **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**
**1**
# **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.
**2**
## **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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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:
_____________________________________________
**3**
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 :
- Examine the accounts under section 43(3) of the 1993 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act.
- 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;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 41 of the Act)
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
- (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:
______________________________________________________
**6**
**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.
**7**