**Charity Registration No. 1064029** ## **LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31 DECEMBER 2024** LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## CONTENTS Page Reference and Administrative Details….........................................3 Trustees' Report….......................................................................... 4 Independent Examiner's Report…................................................. 5 Statement of FinancialAactivities…................................................6 Statement of Financial Position…...................................................7 Notes to the Financial Statements….............................................. 8 LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## LEGAL AND ADMINISTRATIVE INFORMATION **Trustees** L Maddix Rev D Davis I Shore S Brown **Charity number** 1064029 **Registered office** 3 St. Ledger Court Great Linford Milton Keynes MK14 5HA **Independent examiner** Nathan Grace Ltd Suite 12 548-550 Elder House Elder Gate Milton Keynes MK9 1LR LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## TRUSTEES' REPORT The trustees present their report and financial statements for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019) ## **Objectives and activities** The charity's objects are to advance the Christian faith and to relieve persons who are in conditions of need or hardship or who are aged or sick. ## **Public Benefit Policy** In planning our activities for the year, we kept in mind the Charity Commission's guidance on public benefit at our trustee meetings. ## **Achievements and performance** The charity continues to hold regular services and teaching ministry. Throughout 2024, we have maintained and expanded our community services including: Counselling services Regular clothing drives to support those in need Distribution of food parcels to vulnerable community members Choir ministry Youth music band program These activities have strengthened our community engagement and supported our charitable objectives of advancing the Christian faith and supporting those in need. ## **Financial review** The Net income for the year amounted to £145,627 ## **Reserves Policy** The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') should be 3 months of annual expenditure. This will ensure the church can continues operating in the event of a significant drop in funding. ## **Plans for Future Periods** The charity plans to: Continue its work under stated objectives and increase income Maintain and expand community service programs Strengthen financial sustainability ## **Structure, governance and management** Life International Christian Fellowship was registered as a charity on 19 August 1997. It's governing document is The Declaration of Trust made on 19 May 1997. The charity is governed by the Board of Trustees. The Trustees who served during the year were: Mr L Maddix Rev D Davis Mr I Shore Ms S Brown The trustees' report was approved by the Board of Trustees. **…………………………………………………** Dated: ....... 20/04/2025 Neer **L Maddix** Chair of Trustees LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## INDEPENDENT EXAMINER'S REPORT I report to the trustees on my examination of the accounts of the charity - Life International Christian Fellowship for the year ended 31 December 2024 ## **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 2011 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 statemen** 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 - 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. ………………………………………………… Dated: 20 April 2025 O K OyetundeFCCA Nathan Grace Ltd Suite 12 548-550 Elder House Elder Gate Milton Keynes MK9 1LR LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## STATEMENT OF FINANCIAL ACTIVITIES |**Unrestricted**
**funds**
**2024**
Notes
**£**
**Income from:**
Donations and legacies
2
258,904
Investments
4,088
Total income
262,992
Expenditure on:
Expenditure on charitable activities
3
143,602
Net income for the year
119,389
Fund balances at 1 January
74,757
Fund balances at 31 December
194,146|**Restricted**
**funds**
**2024**
26,237
26,237
26,237
300,784
327,021|**Total**
**funds**
**2024**
**£**
285,141
4,088
289,229
143,602
145,627
375,541
521,168|**Total**
**funds**
**2023**
**£**
190,549
2,460
193,009
131,587
61,422
314,119
375,541| |---|---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## STATEMENT OF FINANCIAL POSITION |||**2024**|**2023**| |---|---|---|---| ||Notes|**£**|**£**| |**FIXED ASSETS**|||| |Tangible assets|6|0|0| |**CURRENT ASSETS**|||| |Other debtors|7|300|2,185| |Cash at bank and in hand||523,568|374,856| |**CURRENT LIABILITIES**||523,868|377,041| |Creditors: amounts falling due within one year|8|-2,700|-1,500| |**NET CURRENNT ASSETS**||521,168|375,541| |**NET ASSETS**||521,168|375,541| |**FUNDS**|9||| |Unrestricted funds||194,146|74,757| |Restricted funds||327,021|300,784| |**TOAL FUNDS**||521,168|375,541| The accounts were approved by the Trustees on 20/04/2025 ..............................…...................... L Maddix **Trustee** LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## NOTES TO THE FINANCIAL STATEMENTS ## **1 Accounting policies** ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The is a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. ## **1.5 Resources expended** All expenditure is accounted for on an accruals basis. Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Equipment 50% straight line Motor vehicles 25% straight line LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## NOTES TO THE FINANCIAL STATEMENTS ## **1.7 Operating Leases** Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis ## **2 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total**|**total**| |---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**| ||**2024**|**2024**|**2024**|**2023**| ||**£**|**£**|**£**|**£**| |Donations and gifts|258,904|26,237|285,141|190,549| |**Unrestricted**
**Restricted**
**Total**
**total**
**funds**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
Donations and gifts
258,904
26,237
285,141
190,549|**Unrestricted**
**Restricted**
**Total**
**total**
**funds**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
Donations and gifts
258,904
26,237
285,141
190,549|**Unrestricted**
**Restricted**
**Total**
**total**
**funds**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
Donations and gifts
258,904
26,237
285,141
190,549|**Unrestricted**
**Restricted**
**Total**
**total**
**funds**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
Donations and gifts
258,904
26,237
285,141
190,549| |---|---|---|---| |**Expenditures on charitable activities**
**Unrestricted**
**2024**
**£**
Advertising & Publicity
35
Bank charges
783
Office/Gen. Administration
2,469
Church Supplies
1,587
Depreciation
-
Donations
2,095
Equipments Expense
945
Motor running expenses
2,421
Rent & Venue hire
40,821
Honorarium & Gifts
4,808
Insurance
2,154
Professional fees
15,632
Personnel costs
39,454
Telephone
1,490
Travel and Subsistence
23,066
Repairs & Maintenance
791
Utilities
5,052
143,602|**Restricted**
**2024**
**£**
0|**Total**
**2024**
**£**
35
783
2,469
1,587
-
2,095
945
2,421
40,821
4,808
2,154
15,632
39,454
1,490
23,066
791
5,052
143,602|**Total**
**2023**
**£**
-
892
2,965
3,476
-
94
2,295
40,666
8,210
1,993
16,872
33,266
464
13,448
6,946
131,587| ## **3 Expenditures on charitable activities** ## **4 Trustees & remunneration & Benefits** Trustee Mr L A Maddix, also a Senior Minister, provided services to the charity and received amounts totalling £36,646 (2023: £23,200) during the year LIFE INTERNATIONAL CHRISTIAN FELLOWSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## NOTES TO THE FINANCIAL STATEMENTS ## **5 Employees** The average monthly number of employees during the year was **----- Start of picture text -----**
2024 2023
Number Number
Number of employees 1 1
6 Tangible assets
Motor
Equipment Total
vehicles
£ £ £
Cost
At 1 January 2023 10,669 11,300 21,969
Additions -
At 31 December 2024 10,669 11,300 21,969
Depreciation and impairment
At 1 January 2023 10,669 10,858 21,527
Depreciation charged in the year 442.4 442
At 31 December 2024 10,669 11,300 21,969
Carrying amount
At 31 December 2023 0 0 0
At 31 December 2024 0 0 0
7 Debtors : amounts falling due within one year 2024 2023
£ £
Other debtors 300 5,521
8 Creditors: amounts falling due within one year
2024 2023
£ £
Other taxation and social security
Accruals and deferred income 1,500 1,500
9 MOVEMENT IN FUNDS
Unrestricted Restricted Total
£ £ £
At 31 December 2023 74,757 300,784 375,541
Net Movement in Funds 119,389 26,237 145,627
At 31 December 2024 194,146 327,021 521,168
**----- End of picture text -----**