Report of the Directors and
Financial Statements for the Year Ended 30 June 2022
for
Living Christ Mission Limited
Living Christ Mission Limited
Contents of the Financial Statements for the Year Ended 30 June 2022
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| - | 7 |
| Profit and Loss Account | 8 |
Living Christ Mission Limited
Company Information for the Year Ended 30 June 2022
DIRECTORS:
Samuel Amechi Anyaegbu Michael Onyema Chinyere Daddy HGTMRP Hezekiah
Egejuru Onukogu
REGISTERED OFFICE:
REGISTERED NUMBER:
12 White Hart Yard High Street Gravesend 03216647 (England and Wales)
Page 1
Living Christ Mission Limited
Report of the Directors
for the Year Ended 30 June 2022
The Trustees present their report with the financial statements of the company for the year ended 30 June 2022.
The trustees who are also the 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 30 June 2022. The trustees have adopted the provisions of the Statements of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
TRUSTEES
The Trustees during the year under review were:
Samuel Amechi Anyaegbu Michael Onyema Chinyere Daddy HGTMRP Hezekiah Egejuru Onukogu
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents:
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.
Risk Management:
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
APPROVED ON BEHALF OF THE BOARD:
........................................................................ Director /Trustee - Samuel Amechi Anyaegbu
Page 2
Living Christ Mission Limited
Profit and Loss Account for the Year Ended 30 June 2022
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ |
£ | £ | ||
| INCOMING RESOURCES | 52,195 | 44,244 | ||||
| RESOUCES EXPENDED | ||||||
| Charitable Activities | ||||||
| Governance costs | 9,082 | 7,640 | ||||
| Charitable | 43,088 | 36,530 | ||||
| _52,170 _ | 44,170 | |||||
| NET INCOMING (OUTGOING) | ||||||
| RESOURCES BEFORE OTHER | ||||||
| INCOME | 2 | 25 | 74 | |||
| Interest receivable and similar income | 53 | 8 | ||||
| NET INCOMING (OUTGOING) | ||||||
| RESOURCES BEFORE OTHER | ||||||
| INCOME | 78 | 82 | ||||
| Tax on profit on ordinary activities | 3 |
- | - | |||
| NET INCOMING (OUTGOING) | ||||||
| RESOURCES | ||||||
| 78 | 82 | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 9,392 | 9,310 | ||||
| TOTAL FUNDS CARRIED FORWARD | 9,470 | 9,392 |
The notes form part of these financial statements
Page 3
Living Christ Mission Limited
Balance Sheet
30 June 2022
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ |
£ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 4 | 442 | 596 | |||
| CURRENT ASSETS | ||||||
| Debtors | 5 | 27 | 29 | |||
| Cash at bank and in hand | 9,788 | 9,108 | ||||
| 9,815 | 9,137 | |||||
| CREDITORS | ||||||
| Amounts falling due within one year | 6 | 788 | 341 | |||
| NET CURRENT ASSETS | 9,027 | 8,796 | ||||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 9,469 | 9,392 | ||||
| FUNDS | ||||||
| Unrestricted Funds | 7 | 9,469 | 9,392 | |||
| 9,469 | 9,392 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledges their responsibilities for:
-
(a) ensuring that the charitable company keeps accounting records which 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.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the director on 22 March 2023 & were signed by:
ON BEHALF OF THE BOARD:
........................................................................ Director/Trustee - Samuel Amechi Anyaegbu
Approved by the Board on .............................................
The notes form part of these financial statements
Page 4
Living Christ Mission Limited
Notes to the Financial Statements
for the Year Ended 30 June 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included in the Statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc -20% on reducing balance
Tax
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
2. NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER INCOME The Net Incoming is stated after charging
The operating profit is stated after charging:
| 30.6.22 | 30.6.22 | 30.6.22 | 30.6.21 | 30.6.21 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Depreciation - owned assets | 154 | 154 | |||||
| Directors' emoluments and other benefits etc | - | - | |||||
| 3. | INVESTMENT INCOME | ||||||
| 30.6.22 | 30.6.21 | ||||||
| £ | £ | ||||||
| Deposit account interest | - | - | |||||
| 4. | TANGIBLE FIXED ASSETS | ||||||
| Plant and | |||||||
| machinery | |||||||
| etc | |||||||
| £ | |||||||
| COST | |||||||
| At 1 July 2021 | |||||||
| and 30 June 2022 | 8,650 | ||||||
| DEPRECIATION | |||||||
| At 1 July 2021 | 8,054 | ||||||
| Charge for year | 154 | ||||||
| At 30 June 2022 | 8,208 | ||||||
| NET BOOK VALUE | |||||||
| At 30 June 2022 | 442 | ||||||
| At 30 June 2021 | 596 |
continued...
Page 5
Living Christ Mission Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 30.6.22 | 30.6.21 | ||||
| £ | £ | ||||
| Trade debtors | 27 | 29 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.6.22 | 30.6.21 | ||||
| £ | £ | ||||
| Trade creditors | 38 | 41 | |||
| Other creditors | 750 | 300 | |||
| 788 | 341 | ||||
| 7. | MOVEMENT IN FUNDS | Profit | |||
| and loss | |||||
| account | |||||
| £ | |||||
| At 1 July 2021 | 9,391 | ||||
| Net Movement in funds | for | 78 | |||
| the year | |||||
| At 30 June 2022 | 9,469 |
Page 6
Living Christ Mission Limited
This page does not form part of the statutory financial statements
Page 7
Living Christ Mission Limited
Profit and Loss Account for the Year Ended 30 June 2022
| 30.6.22 | 30.6.21 | |
|---|---|---|
| £ £ |
£ £ |
|
| INCOMING RESOURCES | ||
| Incoming resources from generated funds | ||
| 52,195 44,244 |
||
| Other income | ||
| Deposit account interest | 53 8 |
|
| 52,248 44,252 |
||
| Resources Expended: | ||
| Charitable activities & Governance Costs | ||
| Paster's Services | 9,082 | 7,640 |
| Rent, rates and water | 6,742 | 7,850 |
| Light and heat | 134 | 321 |
| Telephone | 367 | 237 |
| Post and stationery | 419 | 516 |
| Volunteers Expenses | 8,180 | 5,926 |
| Repairs and renewals | 79 | - |
| Household and cleaning | 411 | 303 |
| Sundry expenses | 579 | 477 |
| Subscription | 110 | 110 |
| Functions & Events | 14,363 | 11,536 |
| Accountancy | 750 | 600 |
| Donations | 10,800 | 8,500 |
| Depreciation of tangible fixed assets | ||
| Computer equipment | 154 | 154 |
| 52,170 44,170 |
||
| NET INCOME | 78 82 |
This page does not form part of the statutory financial statements
Page 8