2024-12-31-accounts

LIVING FAITH BIBLE CHURCH

TRUSTEES ANNUAL REPORT FOR YEAR ENDING 31[ST] DECEMBER 2024

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 2024 were:

Rev. Emmanuel Onotota Chairman Mr. Bamidele Odebode Mrs. Rachel Onotota Pastor Sydney Ahamefula 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 Meetings on Wednesdays, and Prayer Meetings on Fridays. It also held special meetings and other social events such as cinema outings, golfing for youths, Fun-Time in the Park for the whole family and members of the community were invited and attended these socials.

At the moment the Charity is still hiring a hall to hold these meetings.

The Charity is dependent on its members for funding to help meet her objectives. To this end £34055 was raised from which over £19640 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 continues to distribute Christian literature in the city where it is registered. Furthermore, the Charity was able to continue to give funds to other United Kingdom based Charities in their missionary work both in the UK and other parts of the world that meets our objectives.

The Charity was also involved with the other faith based initiative and activities arrange for the communities where we serve. The Charity also provided from its Benevolent Fund help to members in the church that are in need due the increase in cost of living.

Unspent income reserves as at 31[st] December 2024 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[ST] DECEMBER 2024

I report on the accounts of the Trust for the year ended 31[st] December 2024.

Respec4ve responsibili4es of trustees and examiner.

The Charity’s trustees are responsible for the preparaPon of the accounts. The Charity’s trustees consider that an audit is not required for this year under secPon 144(2) of the ChariPes Act 2011 (the 2011 Act) and that an independent examinaPon is needed.

It is my responsibility to:

Examine the accounts under secPon 145 of the 2011 Act Follow the procedures laid down in the General DirecPons given by the Charity State whether parPcular maZers have come to my aZenPon.

Basis of Independent examiner’s report.

My examinaPon was carried out in accordance with the General DirecPons given by the Charity Commissioners. An examinaPon includes a review of the accounPng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideraPon 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 connecPon with my examinaPon, no maZer has come to my aZenPon:

1. Which gives me reasonable cause to believe that in any material respect the requirements

   • To keep accounPng records in accordance with SecPon 130 of the 2011 Act: and

2. comply with the accounPng requirement of the 2011 Act.

3. Have not been met; or

4. to which in my opinion, aZenPon should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Date: 26/04/2025

Name: David Robinson

LIVING FAITH BIBLE CHURCH, DEPTFORD Financial Statement for the year ended 31st December 2024

Receitps and Payments Account Dona3ons Oferings Tithes Ofering Building Fund Missionary	2024	2024	2023	2023
	17892 8561 100 1106 5551 845		17150 5516 175 1477 5970 590
Tax Refund Interest Received
		34055		30878
Charitable Ac3vity Direct Expenditure
Youth Ministry Missionary GiQs Tithes Music Benevolent GiQs
	17417 403 0 1820 19640		14202
			0 750 14952
Premise Costs
Rent & insurance	1086 1086		1412 1412
Outreach
Outreach	574 574		0 0
Adminstra3on Costs
Sta3onery Post & Telephone Travel & Sundries PeTy Cash	873 1770 5936 1843 10422		802 1655 12841 1880 17178
		31722		33542
Excess of Payments over Receipts
	2333		-2664
Summary of Receipts and	Payments
Balance as at 31st December 2022		79945 2333
		82278
Represented by: Bank Current A/c Bank Instant Access A/c
		29237 53041
		82278

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