TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and the
accounts for the year ended March 31, 2023. The
accounts have been prepared in accordance with
the statement of Recommended Practice and
applicable law.
Objective of the Charity, Principal Activities
and Organisation of our work:
Life chapel Ministries (LCM) is a company limited by guarantee and not having a share capital. The objectives of LCM are:
-
a) to advance the Christian religion for the public in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, seminars evangelism, distributing of literatures and tracts, broadcasting and such charitable means as the trustees consider appropriate; and -
b) the relieve of poverty, sickness and distress as a result of war, famine and any other natural or man made disasters within the United Kingdom and other part of the world by such charitable means as the trustees consider appropriate.
charitable means as the trustees consider
appropriate; and
The principal activities of the church are
Christian worship, Christian outreach program
to increase Christian awareness and to spread
the gospel of our Lord Jesus Christ and the
development of the whole man- spiritually,
mentally (soul) and physically (bodily).
We have a number of well trained volunteers
who assist in helping us achieve our
objectives.
Development, Activitesand Achievements in the
period
Life Chapel was incorporated as accompany by
quarantee on 21[st] march 1997 and became a
registered charity on the 11[th] of March 1999.
The charity ministers to the needs of various
social groups within and outside the Church.The
charity provides forum for manpower development
for its members to be equipped educationally,
socially and spiritually. It offers various
counselling sessions to the needy, unemployed
and educational and provides moral support and
makes referral when ever the need arises.
Life Chapel’s services are held at a leased
premise in 531-535 Ilford High Road – Ilford-
Essex and 123 Ilford High Road, IG1 1TT and
has continued to introduce programs geared
towards the development of the whole man.
During the period under review charitable,
educational and pastoral - Support care was
provided for the people in need and the demand
for the service/support continue to grow due to
the growth in public awareness in Christian
religion.
LIFE CHAPEL MINISTRIES
TRUSTEES’ REPORT (CONTINUED)
STATEMENT OF TRUSTEE’S RESPONSIBILITIES
The charities act requires the trustees to
prepare financial statements for each financial
year which give a true and fair view of the
state of affaires of the charity and of the
surplus or deficit of the charity for that
period. In preparing these financial
statements, the trustees are required to;
-
Select suitable accounting policies and then apply them consistently; -
Make judgements and estimates that are reasonable and prudent; -
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; -
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper
accounting records, which disclose with
reasonable accuracy at any time the financial
position of the charity and to enable them to
ensure that the financial statements comply
with the charities act. They are also
responsible for safeguarding the assets of the
charity and hence for taking reasonable steps
for the prevention and detection of fraud and
other irregularities.
Trustees
The members of the trustees during the year
were
. Reverend Samuel McCrees Yanson
. Mrs Andrea B. Soa and
. Ms Vanessa Baffour
. Mr.Zadi.M. Douzoh
Approval
The report was approved by the board on the
30/12/2023.......and signed on its behalf by
Mrs Andrea Soa Baffour DATE:
18/01/2024
LIFE CHAPEL MINISTRIES LIMITED
COMPANY REGISTRATION NUMBER 3337314 CHARITY REGISTRATION NUMBER 1074632 REGISTERED IN ENGLAND & WALES
REPORT & ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023
LIFE CHAPEL MINISTRIES LIMITED
ANNUAL REPORT & ACCOUNTS FOR THE
YEAR ENDED
31[ST] MARCH 2023
TABLE OF CONTENTS PAGES TRUSTEES REPORT 1 BALANCE SHEET 2 RECEIPT AND EXPENDITURE ACCOUNTS 3 STATEMENT OF INCOME AND EXPENDITURE4 NOTES OF THE ACCOUNTS 5
LIFE CHAPEL MINISTRIES LIMITED
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and the accounts for the year ended March 31, 2023.
PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS:
LCM is a charitable organization established for the purpose of advancing the Christian Religion, relieve poverty, sickness and distress as a result of war, famine and any other natural or man- made disasters within the United Kingdom and other part of the world.
Furthermore, to provide moral support, education and counselling to multicultural communities in U.K. (in particular within the Borough of Newham and Redbridge- Ilford).
During the period under review charitable, educational and pastoral support care was provided for the people in need and the demand for the services and supports continue to grow due to the growth in public awareness in Christian Faith religion.
ACCOUNTANTS:
Vg & Co (Accountant & Management Consultant) and Registered Auditors were appointed as the Ministry’s accountant and they have indicated their willingness to continue in office.
The trustees approved their willingness after taking advantage of special exemptions available to small charity organizations.
Signs on behalf of the trustees,
George Kennedy
LIFE CHAPEL MINISTRIES LIMITED Director
LIFE CHAPEL MINISTRIES LIMITED
BALANCE SHEET FOR THE YEAR ENDED
| ENDED | ||
|---|---|---|
| 31ST MARCH | ||
| TOTAL (£) | ||
| 2023 NOTES | ||
| Fixed Asset | ||
| Musical | 3 | 52,239.69 |
| Equip/Computers | ||
| Current Asset | ||
| Cash At Bank | 4 | 10,579.70 |
| Total Assets | 62,819.39 | |
| FINANCED BY | Accumulated Fund | 62,819.39 |
“For the year ended 31[st] March 2023 the charity was entitled to exemption conferred by section 477 of the companies Act 206 relating to small companies.
No members have required the company to obtain an audit for the year ending 31[st] March 2023 in accordance with section 476 of the companies Act 2006.
The director’s acknowledge responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provision application to companies (Charity) subject to the small Companies regime.”
Approved by the board on 31 March, 2023
(George Kennedy)
Signed By Order of the Management committee director
Life CHAPEL MINISTRIES LIMITED
RECEIPT AND EXPENDITURE FOR THE YEAR ENDED 31[ST] MARCH 2023
| £ | ||
|---|---|---|
| Turnover | 90,823.44 | |
| Expenses | 101,000.94 | |
| Minus | 10,177.50 | |
| Excess brought forward | 10,579.70 | |
| Excess (-ve) carried forward | 402.20 |
LIFE CHAPEL MINISTRIES LIMITED
INCOME AND EXPENDITURE FOR THE YEAR ENDED 31[ST] MARCH 2023
TURNOVER
£
| TURNOVER | TURNOVER | £ |
|---|---|---|
| Tithes and Oferings & pledges | 90,823.44 | |
| Total | Income | 90,823.4 |
| Expenses | ||
| 1 | Rent, rates & Utilities | |
| 60,000.0 | ||
| 0 | ||
| 2 | Pastoral & Welfare Expenses | |
| 4,00.00 | ||
| 3 | Telephone & Media | 1,500.0 |
| 0 | ||
| 4 | Postage & Printing & Stationary | 0,800.0 |
| 0 | ||
| 5 | Convention Expenses | 3,000.0 |
| 0 | ||
| 6 | Special Projects | 0,500.0 |
| 0 | ||
| 7 | Equipment | 7,800.00 |
| 8 | Buses/transp. | |
| 2,800.00 | ||
| 9 | Training & Musicians | 1,000.0 |
| 0 | ||
| 10 | Travels & Retreat | 0,800.0 |
| 0 | ||
| 11 | Guest Speakers | |
| 5,000.00 | ||
| 12 | Refreshments | 0,800.0 |
| 0 | ||
| 13 | Administrative Allowance | 2,500.0 |
90,823.44
LIFE CHAPEL MINISTRIES
LIMITED
- 14 Bank Interest
15 Depreciation Total Expenses
0 0,950.0 0 10,711. 94 101,000.94
LIFE CHAPEL MINISTRIES LIMITED
NOTES TO THE ACCOUNT FOR THE PERIOD ENDED
31[ST] MARCH 2023
1. ACCOUNTING POLICIES
-
1.1 Basis of the preparation of accounts:
-
The accounts are prepared under the historical convention and incorporate the result of the Principal activity, which is described in the Trustees report. The group has taken advantage for the exemption in the Financial Reporting standard 1 (F. R. S.1) from the requirement to produce a Cash-flow statement on the ground that it is a small charity organization.
-
TURNOVER: This is gross receipt from ministries as follows:
£
Turnover Tithes & Offerings
90,823.44
TOTAL
90,823.4 4
2. FIXED ASSET SCHEDULE
Musical Equip Computers Total Net value at start 34,767.74 20,383.89 55,151.63 Additions 2,800.00 5,000.00 7,800.00 Total 37,567.74 25,383.89 62,951.63 Depreciation 5,635.16 5,076.78 10,711 .94 Net book value at close 31,932.58 20,307.71 52,239.69
- Bank Balance: At the close of business. These
LIFE CHAPEL MINISTRIES
LIMITED
stood as follows: Life Chapel Ministries £10,579.70
Independent Examiner’s Report to the trustees of Life Chapel
Ministries”
I report on the accounts of the charity for the year ended 31
March 2023
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 of the Charities
Act 2011(the Charities Act) and that an independent
examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the charities Act; -
to follow the procedures laid down in the general directions given by the charity commissioners (under section 145(5)(b) of the Charities Act); and -
to state whether particular matters have come to my attention.
Basis of independent examiners 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 unusual items or
disclosures in the accounts, and seeking explanations from you
as trustees concerning any such matters. The procedures
undertaken do not provider all the evidence that would be
required in an audit, and consequently, I 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:
-
1) which gives me reasonable cause to believe that in any material respect the requirements -
to keep accounting records in accordance with section 130 of Charities ACT; AND -
TO PREPARE ACCOUNTS WHICH ACCORD WITH THE ACCOUNTING RECORDS AND COMPLY WITH THE ACCOUNTING REQUIREMENTS OF THE CHARITIES ACT HAVE NOT BEEN MET; OR -
2) To which’ in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sam Geoffery (BA Hons,MATT) Consultant- RI Abdual (AccA)
VG & CO, ST LUKES BUSINESS SUITE, CANNING TOWN, 85 TARLING
ROAD
LONDON , E16 1HN
Charity Overview
Activities
THE CHARITY MINISTERS TO THE NEEDS OF VARIOUS SOCIAL GROUPS
WITHIN AND OUTSIDE THE CHURCH. THE CHARITY PROVIDES A FORUM
FOR MANPOWER DEVELOPMENT FOR ITS MEMBERS TO BE EQUIPPED
EDUCATIONALLY, SOCIALLY AND SPIRITUALLY (WHOLENESS). IT OFFERS
COUNSELLING SESSIONS TO THE NEEDY, UNEMPLOYED AND MAKES
REFERRALS WHEN EVER THE NEED ARISES AND ASSIST IN THE
PROVISION OF FACILITIES FOR RECREATION IN THE INTERTEST OF
SOCIAL WELFARE FOR THOSE IN NEED OF SUCH FACILITIES BY REASON
YOUTH,AGE INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND
ECONOMIC CIRCUMSTANCES.
Contact & trustees
Contact
Reverend George KennedyTel:02038396604
/07983024329
Life Chapel Ministries Ltd
56 Davington Road
Dagenham - Essex
RM8 2LR
Charity trustees
Rev. Samuel McCrees Yanson
Mrs Andrea Soa Vanessa Baffour
MR. Zadi.M.Douzoh
Charity framework
Date of registration
11 march 1999
Classification
What
. GENERAL CHARITABLE PURPOSES
. RELIEF OF POVERTY
. RELIGIOUS ACTIVITIES
WHO
. GENERAL PUBLIC/MANKIND
HOW
. PROVIDE SERVICES
AREA OF BENEFIT
. NATIONAL AND OVERSEAS – IN PRACTICE WORLDWIDE
WHERE THE CHARITY OPERATES
. THROUGHOUT ENGLAND AND WALES