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REGISTERED COMPANY NUMBER: 11625777 (England and Wales)
REGISTERED CHARITY NUMBER: 1104426














Report of the Trustees and

Financial Statements for the Year Ended 31 March 2024

for

Gospel Temple Apostolic Church

Gospel Temple Apostolic Church






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 9

Gospel Temple Apostolic Church (Registered number: 11625777)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted 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 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitable Objects are as follows:
1)
To preach and teach a holistic message of Jesus Christ to all members of the public in Enfield, the UK and worldwide, from time to time, as the Trustees see fit, ministering to total person: spiritually, emotionally, physically, educationally and socially.
2)
To be a place where the transforming work of the spirit of Jesus Christ dwells. To be an oasis of resources and an epicentre for the manifestation of the complete spectrum of spiritual gifts and abilities.
3)
To voice the opinion of our organisation to the local governmental council, and to other relevant nation and local authorities, in pursuit of our mission, objectives and charitable community initiatives.

Public benefit
The organisation supports children/young, elderly/old people and people with disabilities. It also helps other charities or voluntary bodies and also the general public/mankind.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11625777 (England and Wales)

Registered Charity number
1104426

Registered office
Studio 6
The Trampery Foundation
639 High Road
Tottenham
London
N17 8AA

Trustees
Rev. C T Young
Ms A M Waugh
Ms S A Jarrett

Company Secretaries
Ms A M Waugh
Ms S A Jarrett


Gospel Temple Apostolic Church (Registered number: 11625777)

Report of the Trustees
for the Year Ended 31 March 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Directors
Pastor J. Young
Rev. Claudette Young

Approved by order of the board of trustees on 28 November 2024 and signed on its behalf by:





Ms A M Waugh - Secretary

Gospel Temple Apostolic Church

Statement of Financial Activities
for the Year Ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,306 1,891 7,197 8,807

Charitable activities
Tottenham Food Hub - 101 101 3,476
Neighbourly - 1,149 1,149 -
Total 5,306 3,141 8,447 12,283

EXPENDITURE ON
Charitable activities
Tottenham Food Hub - 6,801 6,801 17,209
Ministry Costs 3,470 - 3,470 6,912
Black History Month - - - 82
Neighbourly - 280 280 -

Other 1,648 - 1,648 1,074
Total 5,118 7,081 12,199 25,277

NET INCOME/(EXPENDITURE) 188 (3,940 ) (3,752 ) (12,994 )
Transfers between funds 7 (804 ) 804 - -
Net movement in funds (616 ) (3,136 ) (3,752 ) (12,994 )

RECONCILIATION OF FUNDS
Total funds brought forward 28,614 4,005 32,619 45,613

TOTAL FUNDS CARRIED FORWARD 27,998 869 28,867 32,619

Gospel Temple Apostolic Church (Registered number: 11625777)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 29,646 869 30,515 34,767

CREDITORS
Amounts falling due within one year 6 (1,648 ) - (1,648 ) (2,148 )

NET CURRENT ASSETS 27,998 869 28,867 32,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,998

869

28,867

32,619

NET ASSETS 27,998 869 28,867 32,619
FUNDS 7
Unrestricted funds 27,998 28,614
Restricted funds 869 4,005
TOTAL FUNDS 28,867 32,619

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Gospel Temple Apostolic Church (Registered number: 11625777)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 28 November 2024 and were signed on its behalf by:





C T Young - Trustee





A M Waugh - Trustee





S A Jarrett - Trustee

Gospel Temple Apostolic Church

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
as restated
£    £   
Other non-audit services 1,648 2,148


Gospel Temple Apostolic Church

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
as restated
Volunteers 12 12

No employees received emoluments in excess of £60,000.

5. PRIOR YEAR ADJUSTMENT

The prior year's adjustment was the amount held in a reserve bank account that was omitted in the previous years' accounts

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Accrued expenses 1,648 2,148

7. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General Fund 28,614 188 (804 ) 27,998

Restricted funds
Tottenham Food Hub 4,005 (4,809 ) 804 -
Neighbourly - 869 - 869
4,005 (3,940 ) 804 869
TOTAL FUNDS 32,619 (3,752 ) - 28,867

Gospel Temple Apostolic Church

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Fund 5,306 (5,118 ) 188

Restricted funds
Tottenham Food Hub 1,992 (6,801 ) (4,809 )
Neighbourly 1,149 (280 ) 869
3,141 (7,081 ) (3,940 )
TOTAL FUNDS 8,447 (12,199 ) (3,752 )


Comparatives for movement in funds

Prior Net
year movement At
At 1.4.22 adjustment in funds 31.3.23
£    £    £    £   
Unrestricted funds
General Fund (688 ) 27,407 1,895 28,614

Restricted funds
Tottenham Food Hub 18,812 - (14,807 ) 4,005
Black History Month 82 - (82 ) -
18,894 - (14,889 ) 4,005
TOTAL FUNDS 18,206 27,407 (12,994 ) 32,619

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Fund 8,807 (6,912 ) 1,895

Restricted funds
Tottenham Food Hub 3,476 (18,283 ) (14,807 )
Black History Month - (82 ) (82 )
3,476 (18,365 ) (14,889 )
TOTAL FUNDS 12,283 (25,277 ) (12,994 )

Gospel Temple Apostolic Church

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.