Report of the Directors and
Financial Statements for the Year Ended 30 June 2025
for
Living Christ Mission Limited
Living Christ Mission Limited
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Trading and Profit and Loss Account | 8 |
Living Christ Mission Limited
Company Information for the Year Ended 30 June 2025
DIRECTORS:
REGISTERED OFFICE:
REGISTERED NUMBER:
Michael Onyema Chinyere Daddy HGTMRP Hezekiah Egejuru Onukogu Osondu Onukogu Victor Edozie
Angel Community Centre Raynham Road London N18 2JF 03216647 (England and Wales)
Page 1
Living Christ Mission Limited
Report of the Directors
for the Year Ended 30 June 2025
The directors present their report with the financial statements of the company for the year ended 30 June 2025.
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 2025. 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:
Michael Onyema Chinyere Daddy HGTMRP Hezekiah Egejuru Onukogu Osondu Onukogu Victor Edozie
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 - Victor Edozie
Date: .............................................
Page 2
Living Christ Mission Limited
| Profit and Loss Account for the Year Ended 30 June 2025 Notes INCOMING RESOURCES Cost of sales GROSS PROFIT RESOUCES EXPENDED Charitable Activities Governance costs Charitable NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER INCOME 2 Tax on profit on ordinary activities 3 NET INCOMING (OUTGOING) RESOURCES AFTER OTHER INCOME RECONCILIATION OF FUNDS Total funds brought forward |
30.6.25 £ 14,910 73,242 |
£ 101,927 1,207 100,720 88,152 12,568 - 12,568 12,568 7,447 20,015 |
30.6.24 £ 35,604 85,279 |
£ 122,397 - 122,397 120,883 1,514 - 1,514 1,514 5,933 7,447 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
Living Christ Mission Limited
Balance Sheet
30 June 2025
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 FUNDS Unrestricted Funds 8 |
30.6.25 £ 5 29,708 29,713 1,098 |
£ - 28,615 28,615 8,600 20,015 20,015 20,015 |
30.6.24 £ 5 8,539 8,544 1,231 |
£ 134 7,313 7,447 - 7,447 7,447 7,447 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge 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 16 March 2026 & were signed by:
ON BEHALF OF THE BOARD:
........................................................................ Director/Trustee - Victor Edozie 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 2025
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:
| 30.6.25 | 30.6.25 | 30.6.25 | 30.6.24 | 30.6.24 | ||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Depreciation - owned assets | 154 | 154 | ||||
| Directors' emoluments and other benefits etc | - | - | ||||
| INVESTMENT INCOME | ||||||
| 30.6.25 | 30.6.24 | |||||
| £ | £ | |||||
| Deposit account interest | - | - | ||||
| 4. | TANGIBLE FIXED ASSETS | |||||
| Plant and | ||||||
| machinery | ||||||
| etc | ||||||
| £ | ||||||
| COST | ||||||
| At 1 July 2024 | ||||||
| and 30 June 2025 | 8,650 | |||||
| DEPRECIATION | ||||||
| At 1 July 2024 | 8,516 | |||||
| Charge for year | 154 | |||||
| At 30 June 2025 | 8,670 | |||||
| NET BOOK VALUE | ||||||
| At 30 June 2025 | (20) | |||||
| At 30 June 2024 | 134 |
3. INVESTMENT INCOME
continued...
Page 5
Living Christ Mission Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| Trade debtors | 5 | 5 | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| Trade creditors | 48 | 31 | |
| Other creditors | 1,050 | 1,200 | |
| 1,098 | 1,231 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ||
| ONE YEAR | |||
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| Other creditors | 8,600 | - | |
| 8. | MOVEMENT IN FUNDS | ||
| Profit | |||
| and loss | |||
| account | |||
| £ | |||
| At 1 July 2024 | 7,447 | ||
| Retained profit for the year | 12,568 | ||
| At 30 June 2025 | 20,015 |
Page 6
Living Christ Mission Limited
Report to the Trustees of
Living Christ Mission
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2025 set out on pages three to six and you consider that the company is charitable non-profit company.
Respective responsibilities of the trustees and examiner
The charity’s trustees (who are the directors for the Company Law) 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 required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 act.
-
To follow the procedures liad down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
To state whether particular matters have come to my attention.
Basis of the Independent Examiner’s report
In my opinion, attention should be drawn to the following matter in order to enable a proper understanding of the financial statements to be reached: Living Christ Mission had unrestricted reserves of £20,015 as at 30 June 2025, and confirmed funding for less than 12 months from March 2025. The trustees consider the charity a going concern subject to raising funds successfully. The trustees are monitoring the charity's spending and cash flow regularly to ensure that its liabilities are met as and when they fall due. The trustees also explain this in note 1 (a) in the accounts. No other matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
This page does not form part of the statutory financial statements
Page 7
Living Christ Mission Limited
| Trading and Profit and Loss Account for the Year Ended 30 June 2025 INCOMING RESOURCES Incoming resources from generated funds Cost of sales Purchases GROSS PROFIT Resources Expended: Charitable activities & Governance Costs Paster's Services Rent, rates and water Light and heat Telephone Post and stationery Volunteers Expenses Travelling Repairs and renewals Household and cleaning Sundry expenses Functions & Events Accountancy Legal fees Donations Depreciation of tangible fixed assets Computer equipment NET INCOME |
30.6.25 £ 14,910 9,431 16 319 454 8,007 2,437 493 411 95 10,346 1,050 429 39,600 154 |
£ 101,927 1,207 100,720 88,152 12,568 |
30.6.24 £ 35,604 9,015 115 322 2,053 12,677 3,567 1,913 570 89 11,010 1,200 284 42,310 154 |
£ 122,397 - 122,397 120,883 1,514 |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 8