2023-09-30-accounts - Living Temple Church

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LIVING TEMPLE CHURCH

Report and Financial Statements for the Year Ended 30 September 2023

REGISTERED CHARITY NUMBER 1185272

LIVING TEMPLE CHURCH

Contents of the Financial Statements

for the Year Ended 30 September 2023

	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 2023

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 experience

The church hosted an event called freedom experience, this included time of corporate worship and prayer. This was open to the LTC congregation and members of the public. In attendance was also a guest minister.

Christian retreat

The Church went on a weekend away in June 2023 to Ashburnham Place; a Christian conference and prayer centre. The retreat was a great time of group teaching, communal worship, personal and private reflection, prayer and fun group activities.

Church anniversary dinner

In November 2022, after a Sunday service, the church organised a dinner for its congregation at Prezzo to celebrate the anniversary of the church.

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 a £50 monthly payment to all church members who find themselves in this position.

Supporting a Christian organisation

As of October 2022, the church has been financially supporting Heart of worship, a UK Christian movement with a monthly donation of £100 to assist with their purpose of sharing the gospel of Jesus Christ through events.

Greenwich foodbank

The church made a donation of £1,000 to our local foodbank, Greenwich foodbank in order to support the needs of the general public who are less fortunate over the Christmas period.

Women’s meeting

For one of the Church's women’s meeting a brunch was organised for all the women in the congregation. It was an enjoyable time of lively conversation and laughter.

LIVING TEMPLE CHURCH

Report of The Trustees Cont'd

Men’s meeting

For one of the men’s meeting all the men in the congregation went out for a nice dinner together.

Baby Gift

The church bought a £500 gift voucher for the mother and father of a new baby to celebrate the new addition to the family.

Presence Night

The church holds ‘presence night’ once a month, this is a time of weekday worship and prayer for LTC congregation and the general public.

Church Website and photos

The church engaged an agency, Taygo Bren to build the church website. It shares the Charity's story and values. The website also provides resources such as sermons and also any information on events we are putting on. Additionally a photographer was hired to take photos of the LTC congregation for the website after a Sunday service.

Social Media

The church uses the services a social media manager who captures content from Sunday services. The content is posted online in other to reach the wider public online and further the churches objectives.

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 2023 income was ₤47,402 compared with ₤51,108 in the year ended September 2022. It consisted mainly of donations from members of the Church. The total expenditure in the year ended September 2023 was £43,802 while in the year ended September 2022 it was ₤31,482. 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:

Daniel Conteh 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

30/06/2024

LIVING TEMPLE CHURCH

Independent Examiner's Report to the Trustees of Living Temple Church

for the Year Ended 30 September 2023

I report on the accounts of the charity for the year ended 30 September 2023, 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

30/06/2024

LIVING TEMPLE CHURCH

Statement of Financial Activities for the Year Ended 30 September 2023

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 £ 47,402 47,402 43,802 43,802 3,600 58,291 61,891	Restricted Funds £ 0 0 0 0 0 0 0	Total 2023 £ 47,402 47,402 43,802 43,802 3,600 58,291 61,891	2022 51,108
				51,108
				31,482
				31,482
				19,626 38,665
				58,291

The notes on pages 8 to 9 form part of these financial statements

LIVING TEMPLE CHURCH

Balance Sheet

for the Year Ended 30 September 2023

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 61,791 (500)	2023 600 61,291 61,891 61,891 61,891	£ 0 58,791 (500)	2022 0 58,291
				58,291
				58,291
				58,291

The financial statements were approved by the Trustees and signed on its behalf by Ruth Conteh

30/06/2024

LIVING TEMPLE CHURCH

Notes to the Financial Statements

for the Year Ended 30 September 2023

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 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 those outlined in notes 2.1 to 2.3.

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.

Volunteer help

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 Tangible Fixed Assets and Depreciation

Depreciation on fixed assets is provided at rates estimated to write off the cost of each asset over its expected useful life as follows:

Musical Equipment 25% straight line

2.3 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.

2.4 Fixed Assets

2.4 Fixed Assets Cost At 1 October 2022 Additions At 30 September 2023 Depreciation At 1 October 2022 Additions At 30 September 2023 Net Book Value At 30 September 2023 At 30 September 2022	Musical Equipment £ 0 800
	800
	200
	200
	600
	0

2.5 Creditors

2.5 Creditors
	2023	2022
Creditors: Amounts Falling Due Within One Year	£	£
Creditors & Accruals	500	500

LIVING TEMPLE CHURCH

Notes to the Financial Statements cont'd

Unrestricted funds Restricted income funds Total funds £ £ £ 47,392 - 47,392 10 10 - - - 47,402 - 47,402 Unrestricted funds Restricted income funds Total funds £ £ £ 11,400 - 11,400 500 - 500 - - - - - - 3,829 3,829 4,195 - 4,195 600 - 600 - - - 2,620 - 2,620 463 - 463 492 - 492 40 - 40 16,950 - 16,950 200 200 - - - 2,513 - 2,513 43,802 - 43,802 This year This year	Unrestricted funds Restricted income funds Total funds £ £ £ 47,392 - 47,392 10 10 - - - 47,402 - 47,402 Unrestricted funds Restricted income funds Total funds £ £ £ 11,400 - 11,400 500 - 500 - - - - - - 3,829 3,829 4,195 - 4,195 600 - 600 - - - 2,620 - 2,620 463 - 463 492 - 492 40 - 40 16,950 - 16,950 200 200 - - - 2,513 - 2,513 43,802 - 43,802 This year This year	Unrestricted funds Restricted income funds Total funds £ £ £ 47,392 - 47,392 10 10 - - - 47,402 - 47,402 Unrestricted funds Restricted income funds Total funds £ £ £ 11,400 - 11,400 500 - 500 - - - - - - 3,829 3,829 4,195 - 4,195 600 - 600 - - - 2,620 - 2,620 463 - 463 492 - 492 40 - 40 16,950 - 16,950 200 200 - - - 2,513 - 2,513 43,802 - 43,802 This year This year	2022 £
			51,108
			-
			-
			51,108
			2022 £
11,400	-	11,400	10,000
500	-	500	500
-	-	-	-
-	-	-	172
3,829		3,829	668
4,195	-	4,195	3,010
600	-	600	600
-	-	-	1,500
2,620	-	2,620	1,492
463	-	463	821
492	-	492	1,083
40	-	40	767
16,950	-	16,950	6,390
200		200	-
-	-	-	-
2,513	-	2,513	4,478
43,802	-	43,802	31,481