2024-09-30-accounts - Living Temple Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

LIVING TEMPLE CHURCH

Report and Financial Statements for the Year Ended 30 September 2024

REGISTERED CHARITY NUMBER 1185272

LIVING TEMPLE CHURCH

Contents of the Financial Statements

for the Year Ended 30 September 2024

	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 Ruth Conteh Daniel Conteh Mercy Akinfolarin Solape Abiodun Alatise Principal Location 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 2024

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

In October the church hosted an event called Freedom Experience, which included a time of corporate worship and prayer. This was open to both the LTC congregation and members of the public. Two guest ministers were also in attendance.

Home group/faith builders

Since July, LTC has been hosting homegroups twice a month on Wednesday evenings. These meetings are usually held in person at two locations: South East London and Kent although they occasionally take place online. Homegroups provide time for congregation members to meet in smaller groups for food, fellowship, bible study, discussion and prayer.

Church anniversary celebration

To celebrate the church’s 3rd anniversary, a special programme was held over three Sundays. Part 1, on October 29, featured guest minister Pastor Victoria Orenze, who shared a teaching in alignment with the direction of the church. Part 2, on November 5, featured guest minister Reverend Femi, who gave an encouraging message on the church’s instructions and mission. Part 3 on November 12 was a celebration Sunday followed by a dinner at Legends American Grill and Bar.

Safeguarding Sunday

In February, the church invited Tina from Kesis consulting to run a safeguarding workshop during a Sunday service. The sessions included a presentation, small group break outs, discussion and time for questions and answers. We believe it’s important to educate and equip the LTC congregation on safeguarding, both within the church and in our communities.

Mental Health Sunday

In June, Tope Abulude, a certified therapist and counsellor visited the church and provided a talk to the LTC congregation on men’s mental health. It was an insightful conversation about the importance of creating spaces for men to be vulnerable.

LIVING TEMPLE CHURCH

Report of The Trustees Cont'd

Trustee Governance Review and Training

The trustees engaged the services of Felicia from Willow charity consulting to perform a governance review and provide trustee training. This helped us to assess our compliance with the Charity Commission guidelines and identify areas for improvement.

Women’s meeting

In December, the church hosted a women’s meeting at a congregation member’s home. Refreshments were provided and there was time to share and enjoy each other’s company. In September the women met for an afternoon of ‘sip and paint’ hosted by Pastor Ruth. It was a fun time to engage in conversation over a creative activity.

Mother's and Father's Day

To celebrate Mother’s and Father’s day, the women and men at LTC received gift bags with candles, beauty and grooming products

LTC social

In February, LTC hosted a social day for congregation members. It was a time of fellowship with refreshments, games and discussions.

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.

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.

Wedding Gift

The church bought a £250 gift voucher for a musician to celebrate his marriage.

Presence Night

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

Social Media

The church uses the services of a social media manager to capture content from Sunday services. The content is posted online 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 2024 income was ₤72,824 compared with ₤47,402 in the year ended September 2023. It consisted mainly of gift aid from HMRC and donations from members of the Church. The total expenditure in the year ended September 2024 was £63,351 while in the year ended September 2023 it was ₤43,802. The charity is prudent with resources without negatively impacting its goals.

LIVING TEMPLE CHURCH

Report of The Trustees Cont'd

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.

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

18/07/2025

LIVING TEMPLE CHURCH

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

for the Year Ended 30 September 2024

I report on the accounts of the charity for the year ended 30 September 2024, 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

18/07/2025

LIVING TEMPLE CHURCH

Statement of Financial Activities for the Year Ended 30 September 2024

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 £ 72824 72824 63351 63351 9473 61891 71364	Restricted Funds £ 0 0 0 0 0 0 0	Total 2024 2023 £ £ 72824 47402 72824 47402 63351 43802 63351 43802 9473 3600 61891 58291 71364 61891

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

LIVING TEMPLE CHURCH

Balance Sheet

for the Year Ended 30 September 2024

Notes £ FIXED ASSETS Tangible Assets 2 3 CURRENT ASSETS Debtors 0 Cash at bank 71514 CREDITORS 2 4 (550) NET CURRENT ASSETS NET ASSETS TOTAL FUNDS Funds Carried Forward TOTAL FUNDS 1 Amounts falling due within one year	2024 £ £ 400 0 61791 (500) 70964 71364 71364 71364	2023 £ 600 61291
		61891
		61891
		61891

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

18/07/2025

LIVING TEMPLE CHURCH

Notes to the Financial Statements

for the Year Ended 30 September 2024

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 Gift Aid receivable is included in income when there is a valid declaration from on donations 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 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 Equipmen25% 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 2023 Additions At 30 September 2024 Depreciation At 1 October 2023 Additions At 30 September 2024 Net Book Value At 30 September 2024 At 30 September 2023	Musical Equipment £ 800 0
	800
	200 200
	400
	400
	600

2.5 Creditors

2.5 Creditors
	2024	2023
Creditors: Amounts Falling Due Within One Year	£	£
Creditors & Accruals	550	500

LIVING TEMPLE CHURCH

Notes to the Financial Statements cont'd

3. Analysis of income Donations and gifts Interest Gift Aid Total Donations and legacies: Analysis	Unrestricte d funds Restricted income funds Total funds £ £ £ This year	Unrestricte d funds Restricted income funds Total funds £ £ £ This year	2023 £
Donations and gifts	49952	49952	47392
Interest	955	955	10
Gift Aid	21917	21917	0
Total	72824	72824	47402

Unrestricte d funds Restricted income funds Total funds £ £ £ This year	Unrestricte d funds Restricted income funds Total funds £ £ £ This year	2023 £
11000	11000	11400
550	550	500
65	65	0
0	0	0
5563	5563	3829
5270	5270	4195
600	600	600
0	0	0
8050	8050	2620
482	482	463
0	0	492
374	374	40
22706	22706	16950
2	2	0
200	200	200
0	0	0
8488	8488	2513
63351	63351	43802