LIVING FAITH BIBLE CHURCH
TRUSTEES ANNUAL REPORT FOR YEAR ENDING 31 ST DECEMBER 2020
The Living Faith Bible Church is constituted by Deed of Trust and is a Registered Charity. Number 1063866.
Its address is at 57 Marine Tower, Abinger Grove, Deptford, London SE8 5UY.
The Charity's Trustees during the year to 31[st ] December 2020 were:
Rev. Emmanuel Onotota Chairman Mr. Bamidele Odebode Mrs. Rachel Onotota Pastor Sydney Ahamefula Mr Kenneth Ikpefuran Mrs Adebunmi Ikpefuran Secretary
The object of the Charity is to advance the Christian Faith in accordance with the statements of Beliefs; to relieve persons who are in conditions of need or hardship or who are aged or sick, and to relieve the distressed; to promote and fulfil other charitable purposes beneficial to the community in London, and in such other parts of the United Kingdom or the world, as the Trustees may from time to time think fit.
To meet its objectives, the charity meets for Christian Worship Services On Sundays, Teaching and Youth Meetings on Wednesdays, and Prayer Meetings on Fridays. It also had social events such as, Fun-Time in the Park and Barbecue for the whole family and members of the community were invited and attended these socials, before the second lockdown.
At the moment the Charity is still having its meetings online.
The Charity is dependent on its members for funding to help meet her objectives. To this end £30,061 was raised from which over £15,537 was given by the Charity to help advance the Christian Faith both here in the United Kingdom and in other parts of the World, and to meet our other objectives.
The Charity also provided from its Benevolent Fund help to members in - the church that are in need due to the Covid 19 crisis.
Unspent income reserves as at 31[st ] December 2020 were equivalent to twelve months of normal operating expenditure, which is above the approved level of six months, unspent income reserves. This position is being maintained. The Trustees consider that it is adequate to meet our objectives, and for the size of the Trust.
The Charity has no plans at the moment for a major capital project but this position is constantly being reviewed. It will continue to raise its funds from its members and will also continue to work closely with other local, national and international agencies to advance the Christian Faith through missionary giving.
There are no serious incidents or other matters relating to the Charity over the previous financial period that we should have brought to your attention but have not.
Rev. Emmanuel Onotota, Chairman On behalf of the Board of Trustees.
REPORT OF THE INDEPENDENT EXAMINER.
TO THE MANAGING TRUSTEES AND MEMBERS OF LIVING FAITH BIBLE CHURCH, DEPTFORD IN RESPECT OF THE ACCOUNTS FOR THE YEAR ENDED 31[5T ] DECEMBER 2020
I report on the accounts of the Trust for the year ended 31[st ] December 2020.
Respective responsibilities of trustees and examiner.
The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act Follow the procedures laid down in the General Directions given by the Charity State whether particular matters have come to my attention.
Basis of Independent examiner's report.
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and procedures undertaken do not express an audit opinion on the view given by the accounts.
Independent examiner's statement.
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements
-
To keep accounting records in accordance with Section 130 of the 2011 Act: and
-
comply with the accounting requirement of the 2011 Act.
Have not been met; or
- to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Name David Robinson
Date 29/05/2021
LIVING FAITH BIBLE CHURCH, DEPTFORD
Financial Statement for the year ended 31st December 2020
| Receitps and Payments Account 2020 Donations Offerings Tithes 16900 Offering 5480 Building Fund 252 Missionary 1645 Tax Refund 5610 Interest Received 174 30061 Charitable Activity Direct Expenditure Youth Ministry 309 Missionary Gifts 12060 Tithes 421 Music 512 Benevolent Gifts 2235 15537 Premise Costs Rent & insurance 1411 1411 Outreach Outreach 0 0 Adminstration Costs Stationery 1029 Post & Telephone 1254 Travel & Sundries 3108 Petty Cash 1341 6732 23680 Excess of Payments over Receipts 6381 Balance as at 1st January 2018 67627 6381 74008 Represented by: Bank Current A/c 23829 Bank Instant Access A/c 50179 74008 Summary of Receipts and Payments |
2019 20853 4440 331 2088 5871 211 33794 30 12195 1715 0 835 14775 4756 4756 100 100 1521 1205 5862 1517 10105 |
2019 20853 4440 331 2088 5871 211 33794 30 12195 1715 0 835 14775 4756 4756 100 100 1521 1205 5862 1517 10105 |
|---|---|---|
| 29736 4058 |
29736 |