LIVING TEMPLE CHURCH
Report and Financial Statements for the Year Ended 30 September 2022
REGISTERED CHARITY NUMBER 1185272
LIVING TEMPLE CHURCH
Contents of the Financial Statements
for the Year Ended 30 September 2022
| Page | ||
|---|---|---|
| Charity Information | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Notes to the Financial Statements | 8 |
LIVING TEMPLE CHURCH
Charity Information
Trustees
Principal Location
Ruth Conteh Daniel Conteh Mercy Akinfolarin Solape Abiodun Alatise Europe for Christ Mission Elibank Road Eltham SE9 1QJ
Charity Number
1185272
Independent Examiner
Greenwich Business Services 30 Eden Way Bow London E3 2JD
Bankers
Barclays Bank
LIVING TEMPLE CHURCH
Report of The Trustees for the Year Ended 30 September 2022
History
The Church was established under a constitution on 12 September 2019 and is a registered Charity.
Objects
The objective of the Charity is to advance the Christian religion in the UK for the benefit of the public.
Principal activity
Holding prayer meetings, lectures, public celebrations of religious festivals and producing and or distributing literature on the Christian faith to enlighten others about the Christian religion.
Management and Governance Arrangements
The Charity is managed by the trustees who are involved on a day-to-day basis with its affairs. The Charity is reliant on the support of volunteers for all its activities and the trustees have established controls to enable the charity to abide by all relevant laws and regulations. The charity's trustees hold meetings to review the affairs of the Charity.
Achievements and Performance
Freedom in Christ
As a Church we engaged with the teaching resources of Freedom In Christ Ministries (UK). This was beneficial for enhancing charity members’ knowledge of the Christian faith, and enabled the charity to equip itself in fulfilling its objective.
Christian Retreat
The Church went on a weekend away in December 2021 to Ashburnham Place; a Christian conference and prayer centre. The retreat was a great time of communal worship, personal and private reflection and prayer, and lively group activities.
New Year's service
The Church hosted a New Year’s service during which there were prayers and words of encouragement shared into the new year. Charity members invited members of the public to join the gathering.
Funeral arrangements support
We received the sad news that a Church member’s mother passed away. It was agreed amongst the trustees to offer support in the form of a £500 donation, to help with the funeral costs.
Mother's Day celebrations
In order to celebrate mother’s day, the charity distributed e-gift cards to members of the charity; all mothers and mothers-to-be.
Father's Day celebrations
To celebrate father’s day, the charity distributed e-gift cards to members of the charity; all fathers and fathers-to-be.
Church dinner
The church organised an impromptu dinner at a Chinese restaurant after a Sunday service. It was a nice opportunity to catch up with charity members and leaders alike.
LIVING TEMPLE CHURCH
Report of The Trustees Cont'd
Widows fund
The Church believes it is important to look after widows and widowers. Loss can be very challenging and painful, and can in some cases cause financial strain. In order to help, the church gives £50 monthly monthly to all church members who find themselves in this position.
Supporting Christian broadcasting
On a monthly basis, as of December 2020, the church has been supporting a UK Christian radio station founded by two members of the pastorate. The church gives £150 monthly to support the family run station.
Financial Review
The Statement of Financial Activiites for the period is set out in the financial statements section of this report. In the year ended September 2022 income was ₤49,954 compared with ₤70,657 in the year ended September 2021. It consisted mainly of donations from members of the Church. Gift aid claims have not yet been processed. The total expenditure in the year ended September 2022 was £32,286 while in the year ended September 2021 it was ₤36,215. The charity is prudent with resources without negatively impacting its goals.
Unrestricted Funds
Unrestricted income funds are funds available to be spent within the objectives of the charity, which can legally be spent wholly at the discretion of the trustees.
Restricted Funds
Restricted income funds represent money which can only be used for specified purposes.
Reserves Policy
The trustees have reviewed the reserve policy, and consider it prudent to keep sufficient reserves not invested in assets and unrestricted funds, to enable the payment of running costs between three and six months.
Risk Management
As part of the business planning exercise carried out during the year, the trustees have considered the major risks to which the charity is exposed.
The charity is faith based and dependent on its members for donations to run its operations. The risks and systems will be regularly reviewed.
LIVING TEMPLE CHURCH
Report of The Trustees Cont'd
Trustees
The trustees during the year under review were:
George-Collins Ononuju Ruth Conteh Mercy Akinfolarin Solape Abiodun Alatise
All trustees being eligible offer themselves for election at the forthcoming Annual General Meeting.
ON BEHALF OF THE TRUSTEES
……………Ruth Conteh………………………… Ruth Conteh
30/06/2023
LIVING TEMPLE CHURCH
Independent Examiner's Report to the Trustees of Living Temple Church for the Year Ended 30 September 2022
I report on the accounts of the charity for the year ended 30 September 2022, which are set out on pages 6 to 9.
Responsibilites and basis of the Report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
The accounting records were not kept in accordance with section 130 of the Charities Act or
-
The accounts did not accord with the accounting records; or
-
The accounts did not comply with the applicable requirements concerning the form and
-
content accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
-
than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Greenwich Business Services Chartered Certified Accountants 30 Eden Way Bow London E3 2JD
30/06/2023
LIVING TEMPLE CHURCH
Statement of Financial Activities for the Year Ended 30 September 2022
| Notes Incoming Resources 3 Total Incoming Resources Resources Expended Charitable Activities 4 Total Resources Expended Net Incoming Resources Funds brought forward on 1 October 2021 Total Funds carried forward Income resources from generated funds |
Unrestricted Funds £ 51,108 51,108 31,482 31,482 19,626 38,665 58,291 |
Restricted Funds £ 0 0 0 0 0 0 0 |
Total 2022 £ 51,108 51,108 31,482 31,482 19,626 38,665 58,291 |
2021 70,657 |
|---|---|---|---|---|
| 70,657 | ||||
| 36,215 | ||||
| 36,215 | ||||
| 34,442 4223 |
||||
| 38,665 |
The notes on pages 8 to 9 form part of these financial statements
LIVING TEMPLE CHURCH
Balance Sheet for the Year Ended 30 September 2022
| Notes FIXED ASSETS Tangible Assets 2.3 CURRENT ASSETS Debtors Cash at bank CREDITORS 2.4 NET CURRENT ASSETS NET ASSETS TOTAL FUNDS Funds Carried Forward TOTAL FUNDS Amounts falling due within one year |
£ 0 58,791 (500) |
2022 0 58,291 58,291 58,291 58,291 |
£ 0 39,165 (500) |
2021 0 38,665 |
|---|---|---|---|---|
| 38,665 | ||||
| 38,665 | ||||
| 38,665 |
The financial statements were approved by the Trustees and signed on its behalf by Ruth Conteh
30/06/2023
LIVING TEMPLE CHURCH
Notes to the Financial Statements
for the Year Ended 30 September 2022
1. Basis of Preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with:
The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011
1.2 Going
concern
The trustees consider that there are no material uncertainties about the Charities’ ability to continue as a going concern. The Covid-19 pandemic has had an impact on the charity’s income as most Church services have moved online. Despite this situation members have continued to be generous in their giving. There are no material uncertainties affecting the current year’s accounts.
1.3 Change of accounting policy
The accounts present a true and fair view and of the accounting policies adopted are
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period
1.5 Material prior year errors
No material prior year errors have been identified in the reporting period.
2. Accounting policies
2.1 Income
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources and when the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
Tax reclaims on Gift Aid receivable is included in income when there is a valid declaration from donations and the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
The value of any voluntary help received is not included in the accounts but is Volunteer help described in the trustees’ annual report.
LIVING TEMPLE CHURCH
Notes to the Financial Statements cont'd
2.2 Expenditure and Liabilities
Resources expended are included in the Statement of Financial Activites on an accrual basis, inclusive of any VAT which is not recoverable. Certain expenditure is attributable to specific activites and has been included in those cost categories.
2.3 Assets
The Charity does not have any fixed assets as at the end of this fianacial year.
2.4 Creditors
2022 2021 Creditors: Amounts Falling Due Within One Year £ £ Creditors & Accruals 500 500
This year
3. Analysis of income
| 3. Analysis of income | come | This year | This year | |
|---|---|---|---|---|
| Donations andgifts Gift Aid Total 4. Analysis of expenditure Donations and legacies: Analysis |
Analysis | Unrestricted funds Restricted income funds Total funds £ £ £ 51,108 - 51,108 - - - 51,108 - 51,108 This year |
2021 £ |
|
| Donations andgifts |
51,108 | - | 66,497 | |
| Gift Aid | - | - | 4,161 | |
| **Total ** | 51,108 | - | 70,658 | |
| 2021 |
This year
Restricted Unrestricted income funds funds Total funds
| 4. Analysis of expenditure | Unrestricted funds Restricted income funds This |
Unrestricted funds Restricted income funds This |
Unrestricted funds Restricted income funds This |
Total funds year |
2021 |
|---|---|---|---|---|---|
| Rent Accounting Repairs & Maintenance Print & Stationery Media & Publicity Gifts & Donations Widows Christian Broadcasting Retreats & Outreach Insurance Telephone Transportation Music Leaders Library General expenses Expenditure on charitable activities: Total expenditure on charitable activities |
£ £ |
£ 10,000 500 - 172 668 3,010 600 1,500 1,492 821 1,083 767 6,390 - 4,478 31,482 |
£ | ||
| 10,000 | - | 10,000 | 18,173 | ||
| 500 | - | 500 | 500 | ||
| - | - | - | 485 | ||
| 172 | - | 172 | 1,045 | ||
| 668 | 668 | 1,162 | |||
| 3,010 | - | 3,010 | 2,568 | ||
| 600 | - | 600 | 500 | ||
| 1,500 | - | 1,500 | 1,500 | ||
| 1,492 | - | 1,492 | 2,012 | ||
| 821 | - | 821 | 491 | ||
| 1,083 | - | 1,083 | 362 | ||
| 767 | - | 767 | 137 | ||
| 6,390 | - | 6,390 | 3,436 | ||
| - | - | - | 312 | ||
| 4,478 | - | 4,478 | 3,442 | ||
| 31,482 | - | 31,482 | 36,125 |