FAITH TAB ACLE OFG UES) REPOR INDEPE ENTLY EXAMINED AC uS FOR THE ENDED I MARCH 2024
FArfH TABERNACLE CHURCH OF GOD LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 21n TRUSTEES: Fitzroy Hemandez (Chair) James Douglas Beverley Gordon Ines Myers Fearon Shakes¥re CHARITY NUMBER: 296017 PIUNCIPAL ADDRESS: 26 Ritson RoAd Hackney? London Eg IPF INDEPENDENT EXAMINER PAB SERVICES BANKERS: Barclays Romford 3 Leicester LeicestershiTe LE87 2BB Page I
FArrH TABERNACLE CH FGOD COErS OF THE FINANCIAL ATEMEs F()R THE YEAR ENDED 31 MARCH 2024 Poge Tne¢s. R¢port
6 Indep¢fjdent Examin¢rls Report Statme•t of Fliandil Activltles B#lDee Sheet Notes to tb¢ A¢eounts 1fv15 Page 2
FAITH TABERNACLE CH OF GOD AR ENDED 31 MAR The Trustees present their rqx)rt and )Unts forth¢ year ended 31° ma 2024. The accounts have been pre in ac4x)rdance with th¢ accounting policies set out in not¢ i to the accounts and comply with the Church's Trust De&£ The Charities A¢t 21x17 the Statanfflt of RecOmMd Practic4 -AcLx)unting end Rewting by Chariti. issued in March 2005. By the gra of God end the continuing help of our SUPPK)rtas we were abl¢ to meet many of ourobje¢tives for the W¢ Trit¢rnte our mandate as nts1¢d in the Trust d(Kumeut: a) the celebratioD of public worship b) the teaching of th¢ christi Faith c) mission and evangelism d) pastornl wort including Yisiling the sick and the ir¢Ved ¢) the provision of facilities with a Christian th for the local community. in¢luding (but not ]rstri¢t¢d to) the elderty. th¢ young and other with spla1 needs: and D th¢ support of other chariti. in the UK and Over5 Struckn Governgkce Man The Church was ffgist¢rnl 8s an independent Charity Decembff 1986 The Members of th¢ Trustees who served during the year wer¢:. Fituoy Hernandez- Senior Pastor and Chair of TCeS James Douglas Beverley Gordon Ines Myers Existing Trustees by Molution, 4)p)ints n¢w Trustees at planned medings. The Board of Trustees who make th¢ financial and management decisions ovasee the artivities of the chuTch. The spiritual and educ*ional guidance of the congregation i5 d¢legated to the Overseer, P&stor4 Elder5 and Deprtsnentsl Izadets vlho are appointed by the Overseer. (s¢¢ governing document formore det8il) The ChuTch's obje¢tives are the tthancanent of Chtistian 8nd other cljaritable purp)w and in particular, to furth¢r eduLXtion in the basic winciples of Christian morniity.
FAITH TABERNACLE CHURCH OF TEES, REPORT YEAR ENDED 31 MARCH 20 Aetfvlde8 For he Year We he polici¢s in place covering DBS pr(edul¢S we en8a8¢ 8n outside consultant to manage this on our behalf. Child Protec ' We tske ¢hild protection and th¢ vulner&ble seriously. our voluntary WOTkers who worf( with childr¢n have undergone Disclosure BaIng Serviu (DBS) checks. Page 4
FArrH T CHURCH TRUSTEFS. REPORT AR ENDED 31 CH 2024 Support outside the UK:. We havc 5UPPOrted charitable Or81$8t10n8 outside the United Kingdom in the pist how¢ver covid 19 has put a squeeze on our income and this has IMP our ability to support 8OLMI causes abroad. Tearfund is a Christian Charity that emwjwers ¢ommunities 4cr05s the world to lift themselves of N)verty. They WOTk with local churches and or81$tIOnS in more than SO Countries to tsckle the Compl ¢hallenges of poverty. T¢arfund aim is to re51or¢ what kY)verty #ea15: people's health, safety. self-worth. ond the chance to fvlly us¢ their God-8Aven gifts and wtential. W¢ $upport Teerfund by makin8 rylar donations to help them reach morc peopl¢. The plan for the firturn 1$ to mak¢ the church morc visibl¢ in the community by path¢rin8 with other or8anisations to meet the needs of our lo1 canmunty and Lwond.: P8Be 5
FAITH TABERNACLE CHURCH OF GOD TRUSTE YEAR E ED CH20 We the Truste¢s of the Faith Tab¢rnaclc Church of God Charity, according to the commission given to us in St. Matthew 28: 19-20, Yherefore, go and make discipl¢s of all nations baptising them in th¢ name of th¢ father and the Son and of the Holy Spirii teaching th¢m to obey everythin8 that I have commanded you" We would like to tske this opportunity to thank all our supporters for your ¢ontributions and help throughout the past year without you w¢ could not have achieved all we did. On behalf of the Board of Trustees: . Overseer Fitzroy Hernand¢z Chairperson Page 6
FAITH TABE LE CHURCH OF PENDE EXAMINER% REPO O ThE TRUSTEES OF F TABERNACLE CHOFG We report on th¢ A¢Unts of the Charity f th¢ year endd 31° Mah 2024 which are set (wt on Page 8 to 15. Respttdve R¢JponJlbllliks of Tru•tw and ExmfiD Th¢ Charity's Tn are responsible for the prepAration of the Accounts. Th¢ Clwity's TnJstee5 consid¢r that an audit 1$ not required for this year wid¢r lon 144 of Th¢ Charitie5 Act 2011 (Th¢ Ciwitie5 Act) and that an Indendent Examination is needed. It is our responsibility to.. • examine the accounts under Section 145 of the ChaTiti<s ACL • to follow the procedures laid dowm in the DiTe¢tions giv¢n by the Charity Commission (under sl0n 145(5Xb) of the Charities ACL and • to stst¢ whether particular mattern have come to our att•ntion. Bash ofknd¢p¢ndeDt ExAmlDer'i Sl•temeDt Our examination was ¢arried out in ac¢ord8n¢e with general Directions 8iven by The Clwity Commission. An ¢xAmination includes a r¢vi¢w of the accounting r¢¢ords kept by the Charity and a comp8rison of the Arxounts presented with those records. It also inclth considerntion of any unusual items or dis¢losuffs in the Accounts. d seekin8 eXplatIonS from the Trustees concerning any such matters. The pro¢¢dures undertaken do not provide all the ¢vidence that would be requircd in an audiL and consequently no opinion is Biven as to whether the Accounts present a'lrue and faiff view and the report is limited to those matters s¢t out in th¢ ststement below. Independ¢nt Examkn¢r'i S¢%temeDI In conne¢tion with our examinatio there were some matters which has ¢ome to our attention this has been dealt with via a letter to trustees. other than th¢ letter to trusfees thcjr are no other matter5: . which gives us reasonable cause to believe th4 in any material the wuirements: . to keep a¢¢ountin8 record in accordan¢e with S#ion 130 of the Charities Act. to prepare accounts which ac¢ord with the accountin8 rewrds and comply with the &rttin8 requirements of the Chorities Act h4v¢ not bem me¢ or to Whic in our Opinio attention should be drnwm in 0¢r to enable a proper understdIng of the accounts to be reached. PAB Servi¢es fJo 39 Fle¢t Stre¢t Aylesbury Bu¢ks HP20 2PA Dated: Ls
FA ABERNACLE CH CHOFGO STATEMENT OF FIN CIAL A1VITI R THE YEAR ENDED 31 MARCH 2 Unrutrlcthd Restrleted Totsl 2024 Totul 2023 from nern Donations and lega¢ies RentAI. investmen¢ and other income 2&616 2A616 16.555 26.616 616 16.555 Inwnin8 resouwes from charitable activitie5 TotAI In¢omlng rewurees 2&616 26,616 16.555 Ch•rltable VIdS Churoh aclivilie Premises related ¢0st 11,298 11,298 13 J56 Total tlJrltsble expendlthr• 11398 I lJ98 8.848 Governonct costs 52S 525 500 Tothl expEThd•d 11023 11023 13,856 N¢1 surplm for tbe ye•rl Nee movement ID 14793 14,793 2,699 Fund ixlanees al l Awil 2023 2320 2520 (179) Fund bAlances ai 31 March 2024 Adjustm¢nt Re Balance Sheet 16 16 17JlJ 17J13 2,520 Fundbttlance3 at 31 March 2024 Fi1 17J13 17J13 2.520 Pa8e 8
FArrH TABERNACLE CHURCH OF BAkn4NCE SHEET AS AT 31 MARCH 2 No 2024 Flxed 4ssets Tongible assets 3J60,000 3,360.000 Currtntgssets Debtors Investments Cash at Bank and in Hand 12 13 13 17038 3.020 17,838 3.020 Creditors: amounts falllDg due vAthln One year 14 (525) (500) Net eurrtnt ets 17J13 2520 Totsl *ys¢ts less ¢urr¢n¢ Ilabllldes 3J77J13 3,362J20 Credltor&' amounts falling due ith more th•D One year 15 Net guets 3J77J13 3.361520 Ineome thnds Reserves BIF funds UnrestricteA funds Movement 3J61520 14793 3J59.821 2,699 17 3J77J13 3.362520 . Chaimian Fitry HernoThJ¢z James D(iugias Page 9
FArrH ERNACLE CH OFGOD NOTES TO THE ACCDU R THE YEAR ENDED 31 MARCH 2024 A¢¢ouJtlng Polici BASKI of prepAratio The accourts hve been p• in a¢¢orthn with 8ppliL7ble aLtowrting the St#nent of 2011. Intomillg resourees IncLMne including that gifted the Gift Aid Scheme is tsken into xcount when received by the Charity or notified to us by IrLland Reven. In¢crne re¢eiv¢d in c1rrmst8CS where a claim for rerAyment of tax ha5 been or will be made to the InlgTh1 Revlle is shown net with tsx recovernble sljown separately. Any amounts of tax recl•imed and notified but yrf recei1 H M Revume & cl(s is 51x)wn within the Charity's debtots. IJ Resourw upended Expthdi¢ure is tsk into aLgow when inurred by ts Chtrity regardless of WI ent is made 8nd is alloLted to the woprith headi ID th¢ Account& Grants donations r4yAbie are tsk¢n into a¢¢oillit at the egrlier of when they are ld or bee obli1{ ofthe Charity. TIM8lbk fix wets and d¢preciAlion Tangible fixed assets other freejwid propffj 8Te stated * cost OT valuaticffl less depreciatioTh Ikpreciation 1$ provided at Ta calculated to wri off the LX)St or Waltion less BlMated resid1 value of ea¢b asset over its eXpd useful lifr. as follows:. Fixtw¥& fittings & equipment Motor vehi¢les Computer& Othff eguipnent IW•. 2A on ¢ost 25% red7ng tAlan¢e 33J3% Ibn cost Invese] Cuffent asset investments ore thted at mthet value. Attumulted fwmls Restri¢ted fimds gre subie¢t to specifK conditions by don(Ys as to how tlw may be usd The PUTP)ses uses of CommikneDts hr fotttre eXndire Other than nomal ccffnmithients Con1rn of P10YML there are no COT]tsaCtual obligations to future expthditure * the iHlan¥Y 5hcrt &te. Wkn trwstees have autknris•J exFndifvr4 which is not legally enforceable (Y trxcome Co¢t¥t obliW1ot anKMthts are se¢ &%ide into fimds desipted forthe wrpose. Page 10
FAIT ACLE CHURCH OF G TE THE ACCO E YEAR ENDED 31 MARCH 2024 Do•4tlon8 and le8acles 2024 2023 Donations and gifts Premises Renovation Fundraising 2&616 16,555 2A616 1&555 Remt81 iDvestmeDI In¢om¢ 2024 2023 Rentsl In¢ome Insurance ClaimlDebit Card Claim Interest rely] Refund TFL In¢ominE resources from ebarltsble aetlvltks 2024 2024 Gift Aid tax coVer¢d Conference Inc¢ Total reurcu expended Grait Totsl 2024 Tothl 2023 eosts CbAritabk ¢tlvitie8 Church activities Activities undertaken dire¢ily Donations and gifts Support costs 11398 11398 13J56 Totsl 11,298 11298 13.356 Costs of Inve Improvements to Pr18¢$ SF¢nd 11,298 11,298 13.356 Governance costs 525 525 11823 11023 13.856 Governon¢¢ costs includes Independeni Examiner fre. Pagell
ArrH TABERNA OF NOTLS TO ThE A HE YEAR ENDED 31 MARCH 2024 FOR A¢¢lvlde5 umdert#kM dlreedy relatin8 to church adivities cotnFris¢:_ Printin8 & Ststiomry Li8ht and hcat G¢n¢rnl Expenxs T¢lephone & Clp1¢t CF MoiorvApenses Vanquis Bank Gary Williams (CAW Lkn5ign Lxd) Insurance Proftssional Feu & (knr Exp (In¢lu&s Prnnise8 hire below) Bank Charges Close premium Finonix H3G Third Eye Inst411ation Cash Machi 10272 5747 369 2180 3661 180 1089 130 390 11395 13.356 Other ¢o*s re14tin8to lrnwovitw Buildin8 Premises Hire frs8ioTMI Fees Architect Fees Buildin8 Control 525 525 51XJ DoMtIoD8 & Glfts 2024 2023 Grants to individuals Page 12
FAMI TABERNACL CHURC71 OFGOD TO THE ACCO YEAR ENDED 31 S#ppDrt costs 2024 2023 Administs3tive expens Repair5 Staff costs Deprtti8tici Truste The following trustees (or ary rKrsorn with them) received either fe¢s ff muneration or ¢xpenxs or love 8ifts excludin8 mikn8e durin8 the year for Pastorn] or professiovAdlnistrtlVe rYices to the chw¢h: io. Employe¢9 Number of employe The tverngt monthly nwnber of employees arrin8 the yeor w&%:. 2tr24 Nymber 2023 Number Adminiatiation TNalbk flx¢d Au¢ts Flxtsre4 flttlnp & •Dd Cos¢ orvilultlon Al l April 2021 Additions Disposals £OOOJ 3J60.000 3 J50,0(KI At 31 Mrth 2022 3J5QO i000 3?6000 Depro¢l#tlo At l April 2021 Charge fi>rthe year Elimind on di8pwI At31 M*tth2021 Net bookMI At 31 Marth 2020 3J5QIXKI 10,0 3J60,000 At 31 March 2021 3J&OIMI 3?1){10 Page 13
FAITH TABERNACLE CHOFGO N(yfES TO THE ACCOUNtS FOR THE YEAR ED31 MAR H 2024 D¢btorg 21n4 2023 Income Re£ov¢rable Other Debtors Prepayments and Accrued Income Currttht amet Investments These comprise short teTrn deposit& Credltorj: amounts falUn£ due vAtblD one yeAr 2024 2023 Property loans Other Crediiors A1811ndependent Examination) 325 500 Joo 500 Credlton: •mouDts falllni due In more Iban one year 2024 2023 Loan$ re Improv¢menl to buildin8$ 16. R¢slrleted funds The income funds of chority includ¢ Testricted Ojnds comprising lh¢ following UXpended balance$ of donations and an1$ held on tsu8t fortho specific purp09e of meeting the Costs of aqui8ition of land Bnd building$ and other capital eXnditUre'.- The restri¢t¢d lknids were all expended durirt8 the financial y¢or endin8 31st March 2020. Mov¢mellt ID fvnds Ineomlng Resour¢ B•laDee at Balinee at Building and ¢api¢al expenditure fimd C8Pitall8ed ExF*nditure Pag¢ 14
AITH TABERNACLE VGOD NO THE ACCOUNTS AR ENDED 31 MARCH 2 FOR 17. Aulysl$ of sts between Unrestrlcted Re5trkted fuDd$ TotAI Fund bfilances at 31 March 2024 are Tepre5ented by:" Tan8tble fixed Assets: Church Buikling Current assets Creditors.. 8mounts f4llin8 due within one year Creditors.. thiounts fAllin8 due in more than one year 3.360.000 17.838 (525) 3.360.000 17.838 (525) 3.377J13 3J77J13 Unrestrl¢t¢d Restrlctsd Unrealised gains included above.. On langible fixed assets Reconciliation of movement$ in unrealised 8ains Unreajised 84ins at l April 2023 Revalwltion in year Unreali8&184ins at 31 March 2024 i& C4#b Flow Slatsment Op¢nin8 Banwcosh Bala 1n¢rea3el{dreO3¢) in C[lt0 W.l.P Fixed Asset Surplufftfi¢it Incre in Debtors Closlng BanWC8$h BAlwDee 3.020 25 14793 Page 15