The New Testament Assembly |
Trustees' Report |
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The Trustees, who are also directors for the purposes of company law, present their annual report and financial statements of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). |
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Objectives and activities |
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The underlying principle of the Charity is that of a religious nature. The main aim is to advance the Christian religion through social action for the public good in accordance with the beliefs and practices of the NTA as stated in its published statement of faith. Activities include: |
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Care and support for the elderly |
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Mental health drop-in |
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Community outreaches |
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Advice and counselling support |
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Whilst the above services are intended to address inequalities in the Black and Minority Ethnic community all are equally welcomed. In planning our activities this year we worked in accordance with the Charity Commission's guidance on public benefit. We exist to serve all areas of our community regardless of social differences including race, ethnicity, disability, gender, sexual orientation, religious belief or none. We strive to promote welfare and cohesion through the provision of social services and cultural events so improving the mental and physical wellbeing of our local community. |
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Financial Review |
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Significant events |
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The Charity made a defecit for this year of £12,287. |
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Reserves policy |
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The Trustees continuously review the level of free reserves (those funds not tied up in fixed assets or restricted funds) required to sustain its operations to completion. Reserves are needed to meet the working capital requirements of the Charity and to maintain the current activites of the Charity. |
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Investment policy |
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The Trustees have adopted a strong socially responsible investment policy for the reserves of the charity. This policy, in tandem with the need to fulfill our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investments are promoted. |
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Structure, governance and management |
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Governing document |
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The New Testament Assembly is a charitable company limited by guarantee, incorporated on 24 February 2005 and registered as a charity on 3 May 2005. The company was established under a Memorandum of Association which set its objects and powers, and is governed by its Articles of Association, as amended by a special resolution dated 25 April 2005. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10. |
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Organisational structure |
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At their regular meetings, the board members agree the Board strategy and areas of activity for the Charity, including the consideration of grant making, investment, reserves and risk management policies and performance. |
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The Trustees may delegate any of their powers or functions to a committee of two or more directors. |
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Risk management |
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The Trustees actively review , on a regular basis, the major risks that the Charity faces and a risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the Charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. |
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The Trustees have also examined other operational and business risks which we face and confirm that we have taken steps to mitigate the significant risks. |
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Recruitment and appointment of trustees |
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The Trustees, who are also Directors of the company, are elected by the members to serve for a period of four years, after which they must be re-elected at the next Annual General Meeting. Much of the Charity's work focuses on the operation and maintenance of the Tooting Neighbourhood Centre. |
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The Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of directors, the Charity has, through selective advertising and networking with voluntary organisations active in the sector, sought to identify those who would be willing to become members of the Charity and use their experience to asist the Charity. |
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Trustee induction and training |
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Many trustees are already familiar with the practical work of the Charity having been involved in other capacities or because of experience gained in their own churches or other organisaitons. New trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the Charity and the context within which it operates. These cover: |
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The obligations of Trustee board members |
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The operational framework for the Charity |
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The current financial position and revenue generation |
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Future plans and objectives |
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Volunteers |
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The principle activity of the Charity is to provide domiciliary care. The business model requires employed staff and carers, and requires no volunteer support. |
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Trustees |
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The following persons served as Directors/Trustees during the year: |
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Bishop Sean Samuel, National Presiding Bishop - appointed 24 February 2023 |
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Rev. Ann Marie Spence, General Secretary - appointed 24 February 2023 |
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The Rt. Rev. Delroy Powell |
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Rev. Tamara Makinwa, Chair |
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Rev. Ope Alabi, Asst. Chair |
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Mr Garfield Allen |
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Miss Jackie Cooke |
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Rev. Deborah Wilson |
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Rev. Melanie Kennedy |
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Miss Ionie Townend |
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Rev. Sheree Maria Pinheiro - appointed 31 May 2024 |
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Rev. Denise Peters - resigned 1 May 2024 |
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Rev. Nathan Lewis Gordon - resigned 1 May 2024 |
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Approved by the Board of Trustees and signed on its behalf by |
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Mrs Tamara Makinwa |
Chair |
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8 August 2024 |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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2 |
Analysis of income |
2024 |
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2023 |
£ |
£ |
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Rental income |
26,271 |
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24,239 |
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Other income |
100 |
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- |
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26,371 |
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24,239 |
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3 |
Surplu/(Deficit) |
2024 |
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2023 |
£ |
£ |
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This is stated after charging: |
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Depreciation of fixed assets |
6,624 |
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6,710 |
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4 |
Staff costs |
2024 |
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2023 |
£ |
£ |
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Wages and salaries |
17,851 |
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- |
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No. of employees - administration |
1 |
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1 |
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No employee was paid £60,000 or more. |
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5 |
Trustees |
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None of the Trustees have received any remuneration or any other benefits from the Charity. |
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None of the Trustees have claimed expenses. |
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6 |
Related charity |
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The New Testament Assembly is related to the New Testament Assembly Property Charity. |
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An interest free loan of £115,422 ( 2023 - £105,274) is outstanding from the related charity at the year end. |
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During the year amounts were advanced to the charity of £25,604, but expenses were paid on our behalf of £15,456. |
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7 |
Tangible fixed assets |
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Land and buildings |
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Fixtures, fittings, tools and equipment |
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Total |
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At cost |
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At cost |
£ |
£ |
£ |
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Cost or valuation |
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At 1 April 2023 |
800,000 |
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21,415 |
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821,415 |
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At 31 March 2024 |
800,000 |
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21,415 |
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821,415 |
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Depreciation |
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At 1 April 2023 |
143,617 |
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21,174 |
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164,791 |
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Charge for the year |
6,564 |
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60 |
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6,624 |
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At 31 March 2024 |
150,181 |
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21,234 |
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171,415 |
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Carrying amount |
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At 31 March 2024 |
649,819 |
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181 |
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650,000 |
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At 31 March 2023 |
656,383 |
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241 |
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656,624 |
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The land and buildings were valued in 2007. |
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8 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
115,422 |
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105,274 |
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9 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Accruals and deferred income |
600 |
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600 |
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10 |
Other reserves |
2024 |
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2023 |
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Revaluation reserve |
£ |
£ |
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At 1 April |
651,342 |
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651,342 |
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At 31 March |
651,342 |
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651,342 |
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11 |
Unrestricted funds |
2024 |
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2023 |
£ |
£ |
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At 1 April |
136,564 |
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139,992 |
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Deficit for the financial year |
(12,287) |
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(3,428) |
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At 31 March |
124,277 |
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136,564 |
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12 |
Presentation currency |
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The financial statements are presented in Sterling, the functional currency of the Charity. |
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13 |
Legal form of entity and country of incorporation |
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The New Testament Assembly is a charitable organisation limited by guarantee, incorporated on 24 February 2005 and registered as a charity on 3 May 2005 in England and Wales. |
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14 |
Principal place of business |
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The address of the Company's principal place of business and registered office is: |
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Registered Office: |
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NTA UK Headquarters |
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Beechcroft Road |
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London |
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SW17 7BU |
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11 |
Public Benefit |
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The Charity is a public benefit entity. |
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12 |
Taxation |
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The Charity is a registered charity and not taxed on its income. |