**LIFE CHAPEL MINISTRIES LIMITED**
## **Trustees Annual Report**
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 03337314**
**Charity No.**
**1074632**
## **Principal Office**
56 DAVINGTON ROAD DAGENHAM – ESSEX RM8 2LR **Registered Office**
**56 DAVINGTON ROAD DAGENHAM – ESSEX RM8 2LR**
## **Director and Trustee**
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
A. SAO
## **Directors of Corporate Trustees**
A SAO
## **Accountants**
VG & CO St Lukes Business
Suite Canning Town 85 Tarling Road London E16 1HN
## **OBJECTIVES AND ACTIVITIES**
Page 1
**LIFE CHAPEL MINISTRIES LIMITED**
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.
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.
A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A larger charity must provide an explanation how the achievement of its aims will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
## **Development, Activites and 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 **.**
## **ACHIEVEMENTS AND PERFORMANCE**
A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A larger charity must provide an explanation of any material expenditure occurred to raise income in the future...
A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's
Page 2
**LIFE CHAPEL MINISTRIES LIMITED**
control which are relevant to the achievement of its objectives ...
## **PLANS FOR FUTURE PERIODS**
A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...
A larger charity's report should explain the trustees perspective of the future direction of the charity...
The Trustee is responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
A. SAO
Trustee
31 March 2024
Page 3
Page 1
**LIFE CHAPEL MINISTRIES LIMITED Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
**Total**
**Expenditure on:**
Other
5
**Total**
Net gains on investments
**Net (expenditure)/income**
6
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
91,883|**Total funds**
**2024**
**£**
91,883|**Total funds**
**2023**
**£**
90,823|
|---|---|---|---|
||91,883
94,202|91,883
94,202|90,823
89,228|
||94,202
-|94,202
-|89,228
-|
||(2,319)
-|(2,319)
-|1,595
-|
||(2,319)|(2,319)|1,595|
||(2,319)
54,617|(2,319)
54,617|1,595
53,022|
||52,298|52,298|54,617|
Page 2
**LIFE CHAPEL MINISTRIES LIMITED Summary Income and Expenditure Account**
## **for the year ended 31 March 2024**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2024**
**£**
91,883
91,883
85,585
8,617
94,202
(2,319)
(2,319)|**2023**
**£**
90,823|
|---|---|---|
|||90,823|
|||80,950
8,278|
|||89,228|
|||1,595|
|||1,595|
Page 3
**LIFE CHAPEL MINISTRIES LIMITED**
**Balance Sheet**
## **at 31 March 2024**
|**Company No.**
**03337314**
**Notes**
**Fixed assets**
Tangibleassets
8
**Current assets**
Cash at bank and in hand
**Creditors: **Amount falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Provisions for liabilities**
10
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
11
**Unrestricted funds**
Generalfunds
11
**Reserves**
11
**Total funds**|**2024**
**£**
34,469
34,469
12,052
12,052
(100)
11,952
46,421
5,877
52,298
52,298
52,298
52,298
52,298|**2023**
**£**
33,114|
|---|---|---|
|||33,114
10,579|
|||10,579
(100)|
|||10,479
43,593
11,024|
|||54,617|
|||54,617|
|||54,617|
|||54,617|
|||54,617|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2024
And signed on its behalf by:
## A. SAO
Trustee
31 March 2024
Page 4
**LIFE CHAPEL MINISTRIES LIMITED Statement of Cash flows**
## **for the year ended 31 March 2024**
|**Cash flows from operating activities**
**Net (expenditure)/income per Statement of Financial Activities**
**Adjustments for:**
Movement in provisions
Depreciation of property, plant and equipment
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
(2,319)
5,147
8,617
11,445
(9,972)
(9,972)
-
1,473
10,579
12,052
12,052
12,052|**2023**
**£**
1,595
(7,514)
8,278|
|---|---|---|
|||2,359
(7,800)|
|||(7,800)|
||||
|||-|
|||(5,441)
4,520|
|||(921)|
|||10,579|
|||10,579|
Page 5
**LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts**
## **for the year ended 31 March 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
**LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 7
**LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts**
- .
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
**LIFE CHAPEL MINISTRIES LIMITED**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
5
**Otherexpenditure**
Employeecosts
Motor and travel costs
Premisescosts
Amortisation,depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
91,883
91,883
**Unrestricted**
**£**
6,510
4,675
62,200
8,617
12,100
100
94,202|**Unrestricted**
**funds**
**2023**
**£**
90,823
90,823
89,228
89,228
1,595
1,595
1,595
53,022
54,617
**Total**
**2024**
**£**
91,883
91,883
**Total**
**2024**
**£**
6,510
4,675
62,200
8,617
12,100
100
94,202|**Total funds**
**2023**
**£**
90,823|
|---|---|---|---|
||||90,823
89,228|
||||89,228|
||||1,595|
||||1,595|
||||1,595
53,022|
||||54,617|
||||**Total**
**2023**
**£**
90,823|
||||90,823|
||||**Total**
**2023**
**£**
1,000
800
60,000
8,278
19,050
100|
||||89,228|
Page 9
**LIFE CHAPEL MINISTRIES LIMITED**
**Notes to the Accounts**
|6
**Net (expenditure)/income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
7
**Staff costs**
No employee received emoluments in excess of £60,000.
8
**Tangible fixed assets**
**Cost or revaluation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation and**
**impairment**
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023
9
**Creditors:**
amounts falling due within one year
Accruals
10**Provisions**
Movement for the year
At 31 March 2024|**2024**
**£**
8,617
**2024**
**£**
100
100|**£**
119,610
9,972
129,582
86,496
8,617
95,113
34,469
33,114
**Other**
**provisions**
**£**
(5,877)
(5,877)|**2023**
**£**
8,278
**£**
119,610
9,972|
|---|---|---|---|
||||129,582|
||||86,496
8,617|
||||95,113|
||||34,469|
||||33,114|
||||**2023**
**£**
100|
||||100|
||||**Total**
**£**
(5,877)|
||||(5,877)|
Page 10
**LIFE CHAPEL MINISTRIES LIMITED**
## **Notes to the Accounts**
## 11 **Movement in funds**
|**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
12**Analysis of net assets between funds**
Fixedassets
Net current assets
Creditors due in more than one year and
provisions
13**Reconciliation of net debt**
Cash and cash equivalents
Net debt
14**Related party disclosures**
**_Controlling party_**|**At 1 April**
**2023**
54,617
54,617
|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
91,883
91,883
**Unrestricted**
**funds**
**£**
34,469
11,952
-
46,421
**At 1 April**
**2023**
**£**
10,579
10,579
10,579|**Resources**
**expended**
**£**
(94,202)
(94,202)
**Restricted**
**funds**
**£**
-
-
5,877
5,877
**Cashflows**
**£**
1,473
1,473
1,473|**At31**
**March**
**2024**
**£**
52,298|
|---|---|---|---|---|
|||||52,298|
|||||**Total**
**£**
34,469
11,952
5,877|
|||||52,298|
|||||**At31**
**March**
**2024**
**£**
12,052|
|||||12,052|
|||||12,052|
||||||
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 11
**LIFE CHAPEL MINISTRIES LIMITED Detailed Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Employeecosts
Stafftraining
Staffwelfare
Motor and travel costs
Travel and subsistence
Premisescosts
Rent
General administrative costs,
including depreciation and
amortisation
Depreciationof
Bankcharges
Generalinsurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundryexpenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments|**Unrestricted**
**funds**
**2024**
**£**
91,883
91,883
91,883
1,000
5,510
6,510
4,675
4,675
62,200
62,200
8,617
650
3,000
500
3,000
-
800
-
2,650
1,500
20,717
100
100
94,202
94,202
-|**Total funds**
**2024**
**£**
91,883
91,883
91,883
1,000
5,510
6,510
4,675
4,675
62,200
62,200
8,617
650
3,000
500
3,000
-
800
-
2,650
1,500
20,717
100
100
94,202
94,202
-|**Total funds**
**2023**
**£**
90,823|
|---|---|---|---|
||||90,823|
||||90,823
1,000
-|
||||1,000|
||||800|
||||800|
||||60,000|
||||60,000|
||||8,278
950
2,500
4,000
3,000
5,000
800
800
500
1,500|
||||27,328|
||||100|
||||100|
|||||
||||89,228|
||||89,228
-|
Page 12
**LIFE CHAPEL MINISTRIES LIMITED Detailed Statement of Financial Activities**
|**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|(2,319)
54,617
52,298
(2,319)
(2,319)
-|(2,319)
54,617
52,298
(2,319)
(2,319)
-|1,595|
|---|---|---|---|
||||1,595
-|
||||1,595|
||||53,022|
||||54,617|
Page 13
LIFE CHAPEL MINISTRIES LIMITED
Independent Examiners Report
## **Independent Examiner's Report to the trustee of LIFE CHAPEL MINISTRIES LIMITED**
I report to the charity trustee on my examination of the financial statements of LIFE CHAPEL MINISTRIES LIMITED for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
SAM K Dompreh MAAT VG & CO St Lukes Business Suite Canning Town 85 Tarling Road London E16 1HN 31 March 2024