Charity Registration Number : 1011221
UNITED LIFE (U LIFE)
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
UNITED LIFE (U LIFE)
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | Rev Simeon Yamoah-Owusu |
|---|---|
| Mrs Astrid Vieru-Huttmann | |
| Mrs Deborah Owusu-Gyan | |
| Charity Number | 1011221 |
| Registered Ofce | 2 Ixworth Close |
| NORTHAMPTON | |
| NN3 8TW | |
| Secretary | Mrs Deborah Owusu-Gyan |
| Independent Examiner | SA Accountancy Practice |
| Equitable House | |
| Suit 202, 7 General Gordon Square | |
| London | |
| SE18 6FH |
UNITED LIFE (U LIFE)
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
UNITED LIFE (U LIFE)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
Trustees' report and financial statements
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 2025. 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
The main activity of the organisation is to extendthe gospel of the Lord Jesus Christ to the communities, having fellowship withone another for edification and supporting the emotional and physical needs ofits members and the wider community. Our fellowships transcend across theborders of United Kingdom to the uttermost parts of the world.
Review of Affairs
The organisation, through distribution of tracts,group & individual virtual evangelism has continued to propagate the gospelthroughout the communities. We went backto in person Sunday service in July 2021 and has since maintained in personsessions for our Sunday Service.
Based on new skills acquired during the pandemic, wehave kept our prayer meetings as well as Thursday bible studies online viazoom This enabled the gospel of JesusChrist to reached different people of different backgrounds. There were anencouraging number of positive impact with online services. This year weincreased our zoom prayer meetings to three days, Mondays, Wednesdays andFridays
We now have two weekly youth services on Tuesdays(for University and Sixth formers) andWednesdays (for Year 7 to 11 students) with aim of engaging and empowering theyouth in church and the community. We also held our yearly Easter Family Campwith all our branches and affiliations in the UK. Our yearly easter family campevent was held online via zoom which attracted participants from 15 countriesto be part of this event
The Men's & Women's ministries marked theirrespective yearly anniversaries by organising forums to discuss various issuesrelated to men, women, youth and family relationships. These programmes alsoattracted a lot of participants and helped resolve a lot of domestic issues.The church also organised marriage seminars to help married couples in and outof church community. We also had further family events like friends and familyday, Christmas dinner , beach day out to help build our bond together as a communityand invite our friends and loved ones to join this wonderful family
We have continued to draw on the experience gainedduring the lockdown period and maintain a few activities online.
This year has also seen our music school grow intalent and strength. We are proud to see the members of the music school becomepart of our worship team . We have also welcomed a few University students intothe team which is a delight to see the young people grow in wisdom, characterand confidence
Visionfor next year:
United Life (ULife) is always committed to focusingon our established vision until we have achieved our mission. Our acclaimedpurpose has really propelled us to stick to the visions as spelt out asfollows;
Open more branches in the UK.
Continue to affect the local community in a positiveway.
Continue to offer support in cash and in kind to theneedy.
Pioneer a music school to involve the youth in ourcommunity
To set up coffee morning to engage the elderly inour community
It is our hope and prayer that through ourdedication and hard work, the Lord will bless and help us to achieve ourpurpose. The organisation’s commitment to maintaining a positive momentum overthe coming years is to offer excellent value for money. We also want tocontinue to develop a healthy and attractive relationship with our members andthe entire community.
Page 1 of 8
Charity Examiners
SA Accountancy Practice wereappointed as the charity’s accountants (Independent Examiners) and they havecontinued to act in that capacity.
TRUSTEES RESPONSIBILITIES
The Charity Act 1993 requires the trustees to preparefinancial statements for each financial year which give a true and fair view ofthe charity’s financial activities during the year and of its financialposition at the end of the year. Inpreparing these financial statements, the trustees are required to:
Select suitable accounting policies and then applythem consistently.
Make judgements and estimates that are reasonable andprudent.
Prepare the financial statements on the going concernbasis unless it is inappropriate to presume that the charity will continue inoperation.
The Trustees are responsible for keeping properaccounting records which disclose with reasonable accuracy at any time thefinancial position of the charity and to enable them to ensure that thefinancial statements comply with the Charities Act 1993.
This report has been prepared in accordance withthe Statement of Recommended Practice, Accounting and Reporting by Charities(issued March 2005) and in accordance with the Charities Act 1993. The Trusteesdeclare that they have approved the Trustees report above.
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Rev Simeon Yamoah-Owusu
Mrs Astrid Vieru-Huttmann
Mrs Deborah Owusu-Gyan
Trustees' responsibilities statement
The trustees, who are also the directors of Charity For United Life (U Life) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:
-----------------------------------------------------------------------Diber.ak Mrs Deborah Owusu-Gyan Cus Gyan Trustee Date : 02 December 2025
Page 2 of 8
UNITED LIFE (U LIFE)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner’s Report to the Trustees of United Life (U Life)
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025, which consists of the statement of financial activities, balance sheet, and the related notes
Responsibilities and basis of 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 charity's accounts carried out under section 145 of the 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
The charity’s gross income did not exceed £250,000, although I am qualified to undertake the examination by being a qualified member of ACCA & AIA. Such a report is not required.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) 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 of 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.
Name: Mark Essandoh
for and on behalf of SA Accountancy Practice
Date: 31 March 2025
Page 3 of 8
UNITED LIFE (U LIFE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Raising funds 3 Charitable activities 4 Total Net income Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 69,700.76 69,700.76 7,077.80 47,240.97 54,318.77 15,381.99 15,381.99 24,458.83 39,840.82 |
Total Funds 2025 £ 69,700.76 69,700.76 7,077.80 47,240.97 54,318.77 15,381.99 15,381.99 24,458.83 39,840.82 |
Total Funds 2024 £ 69,700.76 |
|---|---|---|---|
| 69,700.76 | |||
| 7,077.80 47,608.37 |
|||
| 54,686.17 | |||
| 15,014.59 | |||
| 15,014.59 9,444.24 |
|||
| 24,458.83 |
Page 4 of 8
UNITED LIFE (U LIFE)
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
| Recommended categories by activity |
Notes | Unrestricted funds £ |
Total Funds 2025 £ |
Total Funds 2024 £ |
|---|---|---|---|---|
| Current assets | ||||
| Cash at bank and in hand | 6 | 16,431.99 | 16,431.99 | 25,508.83 |
| Total current assets | 16,431.99 | 16,431.99 | 25,508.83 | |
| Creditors: amounts falling due within one year |
7 | 1,050.00 | 1,050.00 | 1,050.00 |
| Net current assets/(liabilities) |
15,381.99 | 15,381.99 | 24,458.83 | |
| Total net assets | 15,381.99 | 15,381.99 | 24,458.83 | |
| Funds of the Charity | ||||
| Unrestricted funds | 8 | 39,840.82 | 39,840.82 | 24,458.83 |
| Restricted income funds | 8 | - | - | |
| Endowment funds | 8 | - | - | |
| Total funds | 39,840.82 | 39,840.82 | 24,458.83 |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 02 December 2025 and signed on its behalf by:
Mrs Deborah Owusu-Gyan Trustee
Date : 02 December 2025
Page 5 of 8
UNITED LIFE (U LIFE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Change of accounting policy
These accounts have been prepared to give a ‘true and fair’ view
1.4 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.5 Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
1.6 Government grants
The charity has received government grants in the reporting period
1.7 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from 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.
2. Income from Donations and Legacies
| Analysis Donation and gifts General grants provided by Government/other charities Gift Aid Other Total |
Unrestricted funds £ 32,728.14 19,852.00 8,571.89 8,548.73 69,700.76 |
Total funds 2025 £ 32,728.14 19,852.00 8,571.89 8,548.73 69,700.76 |
Total funds 2024 £ 32,728.14 19,852.00 8,571.89 8,548.73 |
|---|---|---|---|
| 69,700.76 |
Page 6 of 8
3. Expenditure on Raising Funds
| Analysis Unrestricted funds Total funds 2025 Total funds 2024 £ £ £ Staf costs 460.80 460.80 460.80 Rent collection, property repairs and maintenance charges 6,617.00 6,617.00 6,617.00 Total 7,077.80 7,077.80 7,077.80 Support Costs - - - 7,077.80 7,077.80 7,077.80 4. Expenditure on Charitable Activities Analysis Unrestricted funds Total funds 2025 Total funds 2024 £ £ £ Legal/professional fees 90.00 90.00 90.00 Wages and salaries 11,712.00 11,712.00 11,712.00 Staf costs 33.40 33.40 400.80 Charity management & administration 9,860.32 9,860.32 9,860.32 Charity running cost 24,795.25 24,795.25 24,795.25 Donations 50.00 50.00 50.00 Total 46,540.97 46,540.97 46,908.37 Support Costs 700.00 700.00 700.00 47,240.97 47,240.97 47,608.37 5. Support Costs Analysis Total funds 2025 Total funds 2024 £ £ Support Costs Governance Costs Accountants fees 700.00 700.00 700.00 700.00 6. Cash at bank and in hand Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 16,431.99 25,508.83 Total 16,431.99 25,508.83 7. Creditors: Amounts falling due within one year Total funds 2025 Total funds 2024 £ £ Trade creditors 1,050.00 1,050.00 Total 1,050.00 1,050.00 |
Total funds 2025 £ 460.80 6,617.00 7,077.80 - 7,077.80 Total funds 2025 £ 90.00 11,712.00 33.40 9,860.32 24,795.25 50.00 46,540.97 700.00 47,240.97 Total funds 2025 £ 700.00 |
Total funds 2024 £ 460.80 6,617.00 7,077.80 - |
|
|---|---|---|---|
| 7,077.80 | |||
| Total funds 2024 £ 90.00 11,712.00 400.80 9,860.32 24,795.25 50.00 46,908.37 700.00 |
|||
| 47,608.37 | |||
| Total funds 2024 £ 700.00 |
|||
| 700.00 700.00 |
|||
| Total funds 2024 £ 25,508.83 |
|||
| 25,508.83 | |||
| Total funds 2024 £ 1,050.00 |
|||
| 1,050.00 |
Page 7 of 8
8. Charity funds
| 8. Charity funds | 8. Charity funds | 8. Charity funds | 8. Charity funds |
|---|---|---|---|
| 8.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 24,458.83 69,700.76 54,318.77 - - 39,840.82 8.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 9,444.24 69,700.76 54,686.17 - - 24,458.83 |
|||
| 9,444.24 69,700.76 54,686.17 - |
- | 24,458.83 |
Page 8 of 8