**Charity registration number NIC107861**
## **CHRIST ENCOUNTERS TABERNACLE**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **CHRIST ENCOUNTERS TABERNACLE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Trustees
## **Charity number**
AI Steele K Davidson G McMurray DJ Proctor NIC107861
**Principal address** c/o Mr Gary Alcorn 2 Beechfield Mews Lisburn Co Antrim BT28 1NR **Independant examiner** GMcG Portadown 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB **Bankers** Danske Bank Donegall Square West Belfast BT1 6JS
## **CHRIST ENCOUNTERS TABERNACLE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|
## **CHRIST ENCOUNTERS TABERNACLE**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's church's statement of faith, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The Church remains steadfast in its objective of proclaiming the Christian faith, by sharing the gospel of Jesus Christ, as set out in the Word of God. The Church stands on the principal, that the Word of God is inspired, not driven by man, but by the one true and living God. The Church promotes this as the highest authority by which man should live and teaches this through its ministries.
The Church itself carries out this mission by conducting two services every Sunday morning and evening, as well as mid-week meetings for prayer and bible study along with various other meetings. The Church is broadcast live, it caters for everyone from the youth to the elderly, which are themselves a charitable benefit to the community and abroad.
The Church congregation have faithfully given, not only of their money but also their time. The number of people who lead, support and volunteer to sustain the Church and its subsequent ministries is, and continues to be incredible.
Not only is their giving, the central source of sustaining the Church and its growth, the people give of their time to look after youth activities, car parking, cleaning, playing of instruments, worship, morning crèche, sound desk, preparing for mission outreach, going door to door and witnessing the gospel.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The Church continues to grow and has seen a steady increase from the previous financial year. The church building at 33-35 Mill Street Gilford was utilised as a Charity Shop. However, the decision was taken to close the shop and use the building for mid-week meetings and youth ministries.
The Church online ministry is streamed live every Sunday, both services, on Social Media platforms as well as YouTube. The growth in numbers has also seen sustained growth, being watched from all corners of the United Kingdom and Ireland. Globally the Church reaches the USA, Canada, Australia, mainland Europe and India.
Over the financial reporting year attendances have been strong, with the Word of God preached faithfully, with many coming to a saving faith in Christ. The Church also had several Baptismal Services throughout the year, with 28 undergoing to the ordinance of ‘believer's baptism’ as outlined in the Scriptures. Further, due to the ongoing growth the Church publicly received new members into fellowship, to add to the existing 285.
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CHRIST ENCOUNTERS TABERNACLE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Events and church activities undertaken during the year included=_
Embrace Socials Youth, on the Last Sunday of every month after the evening chuich meeting. This
accommodates up to 200+ young people from many denominations in the local area, not just CET
Women's Fellowship second Tuesday every month
Men's Fellowship last Tuesday every month
Little Ones Pre-school every Thursday
CET Youth last Sunday in every month, with approx. 50 young people aged 11+
CET Children's Church every Sunday moming. with approx. 45 children aged 4 - 11
Golden Years Senior meeting. Dinner and meeting
Taking children's meeting in Gilford primary school and supplying books
Flower arranging by Handfuls of Purpose A ministry the Church uses to reach those in need
Food distribution and practical help (helping people in need with furniturel decorating)
Grief share- This runs over a six-week period, when the need arises
Several Gospel mission events at Craigavon. Portadown and Lurgan.
Financial review
The charity's financial results are set out in detail on pages 7-11_
There is an overall surplus of funds for the year of £182,351 (2023- £162,138) which accumulate as unrestricted
funds.
Reserves
Christ Encounters Tabemacle aims to retain sufficient reserves to meet its expe¢ted future expenditure
requirements, as well as future capital projects.
Structure, governance and management
The charity was registered with the Charity Commission for Northem Ireland on 17 May 2021.
The trustees who served during the year and up to the date of signature of the financial statements were'.-
Al Steele
K Davidson
G Mcmurray
DJ Proctor
Organisation
The day lo day running of the charity is overseen by the tnjstees. The trustees have the power to elect elders and
positions of responsibilily within the Church. G Alcom holds the position of treasurer and G Mcmurray of Assistant
Pastor.
Principal address..
39 Hunters Hill Road
Gilford
CoArmagh
BT63 6AH
Charity Registration No.. NIC107861
The trustees,
eport was approved by the Board of Tnjstees.
Al Steele
Trustee
Date...V.I
CHARTERED ACCOUNTANTS
CHRIST ENCOUNTERS TABERNACLE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHRIST ENCOUNTERS TABERNACLE
I report to the twstees on my examination of the ffinancial statements of Christ Encounters Tabemacle (the charity)
for the year ended 31 March 2024.
Responsibilities and basis of report
It is my responsibility to..
examine the accounts under section 65 of the Charities Act..
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65(9){b) of the Charities Act-, and
state whether particular matters have come to my attention.
Basls of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was
carried out in accordance wtth the general Direcbons given by the Charity Commission for Northem Ireland under
section 65{9)Ib) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also included consideration of any unusual ttems or disclosures in the accounts,
and seeking explanations from you as charity trustees conceming any such matters.
My role is to stste whether any material matters have come to my attention giving me cause to believe:
that accounting records were not kept in accordance with section 63 of the Charities Act
that the accounts do not accord wth those accounting records
that the accounts do not comply with the accounting requirements of the Charities Act
that there is further information needed for a proper understanding of the accounts to be reached.
Independent examlnerfs statement
I have completed my examination and have no concems in resped of the matters (1) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters
that require drawing to your attention.
cc) I
CM Mccarter FCA
GMCG PORTADO
17 Mandeville Street
Portadown
Craigavon
CoAmiagh
BT62 3PB
Date..
17 Mandeville Street
PORTADOMTN
Craigavon
BT62 3PB
Alfred HOSe
19.41fred Street
BF.LFAsr wr2 8EQ
DX3910 liR Belfast 50
CelltuTh House
40 CScent Business Park
LISBLIRN
Fr28 2GN
Tel: +44 {0)28 3833 2801
Fax:+44 (0)28 3835 0293
Tel= +44 (0)28 9031 1113
Fax.. +44 {0)28 903E 07n
Tel.. +H (0)28 9260 7355
Fax: +H {0}28 9260 1656
## **CHRIST ENCOUNTERS TABERNACLE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
||**Notes**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|**2**|235,401|178,661|
|Charitable activities|**3**|6,390|23,759|
|Investments|**4**|6,407|587|
|Other income|**5**|22,325|55,927|
|**Total income**||270,523|258,934|
|**Expenditure on:**||||
|Charitable activities|**6**|88,172|96,796|
|**Total expenditure**||88,172|96,796|
|**Net income and movement in funds**||182,351|162,138|
|**Reconciliation of funds:**||||
|Balances introduced||-|352,169|
|Fund balances at 1 April 2023||514,307|-|
|**Fund balances at 31 March 2024**||696,658|514,307|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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CHRIST ENCOUNTERS TABERNACLE
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
10
139,281
138,804
Current assets
Debtors
Cash at bank and in hand
11
854
560,213
41
377,162
561.067
377,203
Creditors: amounts falling due within
one year
12
(3,690)
(1,700)
Net current assets
557,377
375,503
Total assets less current liabilities
696,658
514,307
Income funds
Unrestricted funds
696,658
514,307
696.658
514,307
The financial statements were approved by the trustees on ?2-12_102¥
Al Steele
Trustee
**CHRIST ENCOUNTERS TABERNACLE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **Charity information**
Christ Encounters Tabernacle is a charity, registered with the Charity Commission in Northern Ireland. Its principal address is 39 Hunters Hill Road, Gilford, Co Armagh, BT63 6AH.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **CHRIST ENCOUNTERS TABERNACLE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies (Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings No depreciation Fixtures and fittings 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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## **CHRIST ENCOUNTERS TABERNACLE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies (Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Income from donations and legacies**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Donations and gifts|235,401|178,661|
|**3**|**Charitable activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Charity shop sales|6,390|23,759|
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## **CHRIST ENCOUNTERS TABERNACLE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **4 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|6,407|587|
|**5**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Gift Aid recovered|22,325|55,927|
|**6**|**Charitable activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Utilities|10,843|9,543|
||Repairs|3,055|4,924|
||Computers, IT and licenses|518|1,384|
||Printing and stationery|2,728|4,167|
||Telephone|1,129|956|
||Fuel and travelling|-|115|
||Charity shop wages|7,150|19,792|
||Payments to Pastor|33,622|34,749|
||Ministry and outreach|15,044|9,175|
||Depreciation|3,838|4,701|
||Sundry|2,700|966|
||Legal and professional|1,500|-|
|||82,127|90,472|
||Share of support costs (see note 7)|4,055|4,624|
||Share of governance costs (see note 7)|1,990|1,700|
|||88,172|96,796|
- 9 -
## **CHRIST ENCOUNTERS TABERNACLE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **7 Support costs allocated to activities**
|Bank charges
Payments to Pastor
Governance costs|**2024**
**£**
320
3,735
1,990
6,045|**2023**
**£**
763
3,861
1,700|
|---|---|---|
|||6,324|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|**2024**|**2023**|
|---|---|
|**Number**|**Number**|
|-|1|
## **10 Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023|**Land and**
**buildings**
**Fixtures and**
**fittings**
**£**
**£**
120,000
23,505
-
4,315
120,000
27,820
-
4,701
-
3,838
-
8,539
120,000
19,281
120,000
18,804|**Total**
**£**
143,505
4,315|
|---|---|---|
|||147,820|
|||4,701
3,838|
|||8,539|
|||139,281|
|||138,804|
- 10 -
## **CHRIST ENCOUNTERS TABERNACLE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|**11**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2024**
**£**
854
**2024**
**£**
3,690|**2023**
**£**
41|
|---|---|---|
|||**2023**
**£**
1,700|
## **13 Related party transactions**
Mr K Davidson, a trustee, received payment for services in the year totalling £37,357. Mr Davidson and his family also received a gift from the charity of £900.
During the year the trustees, as church members, made donations to the charity by way of general church offerings.
- 11 -