LIVING JESUS TABERNACLE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2023
COMPANY NUMBER: 08479561
CHARITY NUMBER: 1161624
LIVING JESUS TABERNACLE (A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH] APRIL 2023
ADDRESS FOR CORRESPONDENCE
Suite 3, Peel House
30 The Downs Altrincham, Cheshire WA14 2PX
REGISTERED COMPANY NUMBER
08479561
REGISTERED CHARITY NUMBER
1161624
GOVERNING DOCUMENT
MEMORANDUM & ARTICLES OF ASSOCIATION 9[TH] APRIL 2013 AS AMENDED 15[th] JANUARY 2015 AS AMENDED BY RESOLUTION 24[TH] APRIL 2015.
TRUSTEES/ DIRECTORS
Rev Ernest Addo Miss Evette Scott Mrs Angella Addo
PRINCIPAL BANKERS
Metro Bank
One Southampton Row Holborn WC1B 5HA
ACCOUNTANTS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE UNIT 5 95 MILES ROAD MITCHAM CR4 3FH
LIVING JESUS TABERNACLE SUITE 3 PEEL HOUSE 30 THE DOWNS ALTRINCHAM, CHESHIRE WA14 2PX
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10
1
LIVING JESUS TABERNACLE TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2023
The Trustees of Living Jesus Tabernacle (“LJT”), who are also directors for the purposes of company law, are pleased to present their report for the year ended 30 April 2023.
The current Trustees of LJT are: Mr Ernest Addo Mrs Angella Addo Ms Evette Scott The registered office address of LJT is: Suite 3, Peel House 30 The Downs Altrincham Cheshire WA14 2PX England, UK
STRUCTURE, GOVERNANCE AND MANAGEMENT
Living Jesus Tabernacle (“LJT”) is a church based in the United Kingdom. It is registered as a company limited by guarantee (company registration number 08479561) and as a charity (charity registration number 1161624). LJT is governed by its Articles of Association and overseen by a board of Trustees who meet regularly to review activities and monitor the financial position. The Trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities LJT should undertake.
OBJECTIVES AND ACTIVITIES
The primary objective of LJT is to advance the Christian faith, in accordance with our statement of beliefs, for the benefit of those in the United Kingdom and in such other parts of the world as the Trustees may think fit.
ACHIEVMENTS AND PERFORMANCE
During the year under review, LJT continued to hold in-person services and events and offer counselling and spiritual support to members. Under the leadership of Reverend Ernest, training of church members was a priority during the year and LJT continues to witness positive transformation in the lives of attendees.
FINANCIAL REVIEW
The current income of LJT demonstrates that costs have been well managed over this period. All income received came from voluntary donations by our members. LJT has a reserves policy of 3 months that allows it to continue operating without restriction in the case of unforeseen circumstances. This year it has met its reserves policy. LJT has no long-term debt and is a going concern.
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FUTURE PLANS
In the upcoming financial year, the Trustees will be focused on increasing membership, building social media channels and continuing to train members to develop their relationship with God and to help support the vision by sharing their time, talents and abilities.
RESERVE POLICY
It is the policy of LJT to maintain unrestricted funds, which are the reserves of LJT at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. LJT will seek to maintain this level throughout the year.
RISK MANAGEMENT
The Trustees have assessed all the major risks to which LJT is exposed to, in particular those related to the operations and finances of LJT, and are satisfied that systems are in place to mitigate exposure to major risks. The Trustees are mindful of the impact on donations and attendance post pandemic and will continue to monitor the situation closely.
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 LJT. They are required to:
-
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 LJT 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 LJT and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 6[th] September 2023 and signed on their behalf
by:________
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Independent Examiner’s Report To the Trustees LIVING JESUS TABERNACLE
I report on the accounts of the church for the year ended 30[th ] April 2023 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 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 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 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 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 95 Miles Road Mitcham Surrey CR4 3FH
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LIVING JESUS TABERNACLE
Statement of Financial Activities for the year ended 30th April 2023
| Income from Note Donations and Legacie 2 Investment income 3 Other Income Giftaid Tax Total Expenditure Expenditure on Charitable Activities 5 Other 6 Total Resources Expended Net movement in funds Reconciliation of Funds Total Funds brought forward Total Funds carried forward |
Unrestricted Total Funds Funds 2023 2022 £ £ 41127 41127 33550 0 0 0 |
Unrestricted Total Funds Funds 2023 2022 £ £ 41127 41127 33550 0 0 0 |
|---|---|---|
| ___ ______ 41127 41127 0 0 |
___ 33550 0 |
|
| _________ 41127 41127 |
___ 33550 |
|
| _____ 42,798 42,798 610 610 _______ 43,408 43,408 |
_ 43049 610 _ 43659 |
|
| _________ -2,281 -2,281 138652 138652 136,371 136,371 |
___ -10109 148761 138652 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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LIVING JESUS TABERNACLE Balance Sheet as at 30th April 2022
| Note | 2023 | 2022 | |
|---|---|---|---|
| Fixed Assets | £ | ||
| Tangible fixed assets | 4 | 57992 | 58949 |
| ___ | ___ | ||
| 57992 | 58949 | ||
| ___ | ___ | ||
| Current Assets | |||
| Cash at bank and | 71325 | 14496 | |
| in hand | |||
| Debtors & prepayment | 9 | 7664 | 65817 |
| 78989 | 80313 | ||
| Creditors:amounts falling due within one year | |||
| Creditors & accruals | 8 | 610 | 610 |
| ___ | ___ | ||
| Net Current Assets | 78379 | 79703 | |
| ___ | ___ | ||
| Net Assets | 136371 | 138652 | |
| Unrestricted Funds | |||
| General Fund | 136371 | 138652 | |
| TOTAL FUNDS | 136371 | 138652 |
For the year ended 30th April 2023 LIVING JESUS TABERNACLE was entitled
to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by board of directors on 6th September 2023.
And signed on their behalf by Rev Ernest Addo
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LIVING JESUS TABERNACLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[TH] APRIL 2023
1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
- 1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
- 1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
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LIVING JESUS TABERNACLE ACCOUNTING POLICIES
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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LIVING JESUS TABERNACLE
Notes to the accounts for year ended 30th April 2023
3 Analysis of Income
Unrestricted Total funds Donations Funds 2023 2022 Church collections £ £ £ Donations 41127 41127 33550
| Total 3 Investment income Bank Interest |
______ 41127 41127 33550 ______ Unrestricted Total funds Funds £ 2023/£ 2022/£ 0 0 0 |
|---|---|
| 4 Fixed Assets Cost At 01/05/2022 Additions At 30/04/2023 Depreciation At 01/05/2022 charge for the year At 30/04/2023 NBV at 30/04/2023 NBV at 01/05/2022 |
Land Instrument Fix & Fitt Equipment Total 2023 £ £ £ £ £ 53611 1500 1071 12298 68480 0 0 0 138 138 |
|---|---|
| 53611 1500 1071 12436 68618 0 1248 668 7615 9531 0 50 81 964 1095 |
|
| 0 1298 749 8579 10626 53111 202 322 3857 57992 39111 252 403 4683 58949 |
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LIVING JESUS TABERNACLE Notes to the accounts for year ended 30th April 2023
5 Charitable Activities
| Charitable Activities | ||
|---|---|---|
| 2023/£ | 2022/£ | |
| Hall Rent | 5313 | 4017 |
| Pastoral Services | 30000 | 30000 |
| Advertising | 40 | 246 |
| Church Conferences | 0 | 2966 |
| Stationary | 0 | 88 |
| Training | 149 | 490 |
| Bank charges | 5 | 10 |
| Travel expenses | 171 | 138 |
| Professional fees | 3775 | 1508 |
| Hospitality | 400 | 200 |
| Media services | 144 | 0 |
| Admin | 215 | 0 |
| Supplies | 89 | 0 |
| Software | 144 | 144 |
| Insurance | 243 | 0 |
| Depreciation | 1095 | 1333 |
| Charity donation | 0 | 0 |
| Web hosting costs | 422 | 0 |
| Repairs & Renewals | 0 | 0 |
| Telephone | 139 | 127 |
| Welfare | 0 | 1000 |
| Events | 250 | 311 |
| Ministry expenses | 204 | 471 |
| Total | 42798 | 43049 |
| 6 Other Independent examination Subscriptions Total 7 Staff Costs Pastoral services Tax/Ni Total |
2023 2022 £ £ 610 610 |
|---|---|
| 610 610 2023/£ 2022/£ 30000 30000 0 0 |
|
| 30000 30000 |
Director Rev Ernest Addo received emoluments for providing pastoral services to the organisation of £30000.
8 Creditors: amounts falling due within one year
2023/£ 2022/£ 610 610 2023/£ 2022/£ Tax recoverable 7664 65817
9 Debtors and Prepayments
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