LIFE CHAPEL MINISTRIES LIMITED
Charity No. 1074632
Company No. 03337314
Trustee's Report and Unaudited Accounts
31 March 2025
LIFE CHAPEL MINISTRIES LIMITED
Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 1 to 1 |
| Independent Examiner's Report | 2 to 2 |
| Statement of Financial Actvites | 3 to 3 |
| Summary Income and Expenditure Account | 4 to 4 |
| Balance Sheet | 5 to 5 |
| Statement of Cash fows | 6 to 6 |
| Notes to the Accounts | 7 to 7 |
| Detailed Statement of Financial Actvites | 8 |
| 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 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 03337314
Charity No. 1074632
Principal Office
56 Davington Road DAGENHAM
LONDON RM8 2LR
Registered Office
56 Davington Road DAGENHAM
LONDON 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
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LIFE CHAPEL MINISTRIES LIMITED
Directors of Corporate Trustees
A SAO
Accountants
VG & CO
St Lukes Business Suite
Canning Town 85 Tarling Road London E16 1HN
OBJECTIVES AND
ACTIVITIES
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... Trustees Annual Report
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...
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 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
Page 2
LIFE CHAPEL MINISTRIES LIMITED
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 2025
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 2025.
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.
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LIFE CHAPEL MINISTRIES LIMITED
Sam K Dompreh MAAT VG & CO St Lukes Business Suite Canning Town 85 Tarling Road London E16 1HN 31 March 2025
Statement of Financial Activities
for the year ended 31 March 2025
| Notes Income and endowments from: Donatons and legacies 4 Total Expenditure on: Other 5 Total Net gains on investments Net income/(expenditure) 6 Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliaton of funds: Total funds brought forward |
Unrestricted funds 2025 £ 106,950 |
Total funds 2025 £ 106,950 |
Total funds 2024 £ 91,883 |
|---|---|---|---|
106,950 102,026 |
106,950 102,026 |
91,883 94,202 |
|
| 102,026 - |
102,026 - |
94,202 - |
|
| 4,924 - |
4,924 - |
(2,319) - |
|
| 4,924 | 4,924 | (2,319) | |
| 4,924 52,298 |
4,924 52,298 |
(2,319) 54,617 |
Page 4
| LIFE CHAPEL MINISTRIES LIMITED Total funds carried forward Summary Income and Expenditure Account for the year ended 31 March 2025 Income Gross income for the year Expenditure Depreciaton and charges for impairment of fxed assets Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
52,298 2024 £ 91,883 91,883 85,585 8,617 94,202 (2,319) (2,319) |
|||
|---|---|---|---|---|
| 57,222 | 57,222 | |||
2025 £ 106,950 |
93,200 |
|||
| 106,950 | ||||
| 8,826 | ||||
| 102,026 | ||||
| 4,924 | ||||
| 4,924 |
Page 5
LIFE CHAPEL MINISTRIES LIMITED Balance Sheet at
| 31 March 2025 Company No. 03337314 Fixed assets Notes Tangible assets 8 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilites Provisions for liabilites 10 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Unrestricted funds General funds 11 Reserves 11 Total funds |
2025 £ 35,303 35,303 7,097 7,097 - 7,097 42,400 ~~14,822~~ 57,222 57,222 57,222 57,222 57,222 |
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 |
|---|---|---|
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 2025 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.
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LIFE CHAPEL MINISTRIES LIMITED
Approved by the board on 31 March 2025
And signed on its behalf by:
| A. SAO | ||
|---|---|---|
| Trustee | ||
| 31 March 2025 | ||
| Statement of Cash flows for the | ||
| year ended 31 March 2025 | ||
| 2025 | 2024 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) per Statement of Financial Activities | 4,924 | (2,319) |
| Adjustments for: | ||
| Movement in provisions | (8,945) | 5,147 |
| Depreciation of property, plant and equipment | 8,826 | 8,617 |
| Decrease in trade and other payables | (100) | - |
| (9,660) |
(9,972) |
|
| - | - | |
| Net cash provided by operating activities | 4,705 | 11,445 |
| Cash flows from investing activities | ||
| Payments for property, plant and equipment | (9,660) | (9,972) |
| Net cash used in investing activities | ||
Net cash from financing activities |
||
| Net (decrease)/increase in cash and cash equivalents | (4,955) |
1,473 |
| Cash and cash equivalents at the beginning of the year | 12,052 |
10,579 |
| Cash and cash equivalents at the end of the year | 7,097 | 12,052 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 7,097 | 12,052 |
| 7,097 | 12,052 |
Page 7
LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts for the year ended 31 March 2025
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
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LIFE CHAPEL MINISTRIES LIMITED
Notes to the Accounts Expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates.
-
These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs.
-
raising funds
These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities 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.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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.
independently administered funds.
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
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LIFE CHAPEL MINISTRIES LIMITED
Notes to the Accounts
The company is a private company limited by guarantee and consequently does not have share capital.
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LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donatons and legacies Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward 4 Income from donatons and legacies 2025 2024 5 Other expenditure 2025 2024 Employee costs Motor and travel costs |
Unrestricted £ 106,950 106,950 Unrestricted £ 6,450 10,200 |
Unrestricted funds Total funds 2024 2024 £ £ 91,883 91,883 91,883 91,883 94,202 94,202 94,202 94,202 (2,319) (2,319) (2,319) (2,319) (2,319) (2,319) 54,617 54,617 52,298 52,298 Total Total £ £ 106,950 91,883 106,950 91,883 Total Total £ £ 6,450 6,510 10,200 4,675 |
|---|---|---|
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LIFE CHAPEL MINISTRIES LIMITED
Notes to the Accounts
| Premises costs 64,600 64,600 62,200 Amortsaton, depreciaton, impairment, proft/loss on 8,826 8,826 8,617 disposal of fxed assets General administratve costs 9,450 Legal and professional costs 2,500 102,026 102,026 94,202 6 Net income/(expenditure) 2025 This is stated afer charging: £ Depreciaton of owned fxed assets 8,826 7 Staf costs No employee received emoluments in excess of £60,000. 8 Tangible fxed assets Cost or revaluaton At 1 April 2024 Additons At 31 March 2025 Depreciaton and impairment At 1 April 2024 Depreciaton charge for the At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 9 Creditors:amounts falling due within one year 2025 £ Accruals - - 10 Provisions Movement for the year |
9,450 12,100 2,500 100 before transfers 2024 £ 8,617 £ £ 129,582 129,582 9,660 9,660 139,242 139,242 95,113 95,113 8,826 8,826 year 103,939 103,939 35,303 35,303 34,469 34,469 2024 £ 100 100 Other Total provisions £ £ (14,822) (14,822) |
9,450 12,100 2,500 100 before transfers 2024 £ 8,617 £ £ 129,582 129,582 9,660 9,660 139,242 139,242 95,113 95,113 8,826 8,826 year 103,939 103,939 35,303 35,303 34,469 34,469 2024 £ 100 100 Other Total provisions £ £ (14,822) (14,822) |
|
|---|---|---|---|
| 139,242 | |||
| 95,113 8,826 |
|||
| Other provisions £ (14,822) |
|||
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LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts At 31 March 2025
| LIFE CHAPEL MINISTRIES LIMITED Notes to the Accounts |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| At 31 March 2025 11 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 12 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 13 Reconciliaton of net debt Cash and cash equivalents Net debt 14 Related party disclosuresControlling party |
At 1 April 2024 52,298 52,298 |
Incoming resources (including other gains/losses ) £ 106,950 106,950 Unrestricted funds £ 35,303 7,097 - 42,400 At 1 April 2024 £ 12,052 12,052 12,052 |
(14,822) | (14,822) | |||||
Resources expended £ (102,026) |
At 31 March 2025 £ 57,222 |
||||||||
| (102,026) Restricted funds £ - - 14,822 |
57,222 Total £ 35,303 7,097 14,822 |
||||||||
| 14,822 Cash fows £ (4,955) |
57,222 At 31 March 2025 £ 7,097 |
||||||||
| (4,955) | 7,097 | ||||||||
| (4,955) | 7,097 |
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
LIFE CHAPEL MINISTRIES LIMITED Detailed Statement of Financial Activities
Page 14
LIFE CHAPEL MINISTRIES LIMITED
Total expenditure
102,026 102,026
94,202
Page 15
LIFE CHAPEL MINISTRIES LIMITED
Net gains on investments
for the year ended 31 March 2025
| Income and endowments from: Donatons and legacies Total income and endowments Expenditure on: Employee costs Staf recruitment Staf training Staf welfare Motor and travel costs Travel and subsistence Business mileage costs reimbursed Premises costs Rent General administratve costs, including depreciaton and amortsaton Depreciaton of Bank charges General insurances Informaton and publicatons Postage and couriers Statonery and printng Subscriptons Sundry expenses Telephone, fax and broadband |
Unrestricted funds 2025 £ 106,950 106,950 106,950 800 1,850 3,800 6,450 4,600 5,600 10,200 64,600 64,600 8,826 1,650 - 1,000 - 980 4,300 - 1,520 |
Total funds 2025 £ 106,950 106,950 106,950 800 1,850 3,800 6,450 4,600 5,600 10,200 64,600 64,600 8,826 1,650 - 1,000 - 980 4,300 - 1,520 |
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 |
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LIFE CHAPEL MINISTRIES LIMITED
| LIFE CHAPEL MINISTRIES LIMITED | |||||
|---|---|---|---|---|---|
| 18,276 | 18,276 | 20,717 | |||
| Legal and professional costs | |||||
| Audit/Independent examination | |||||
| fees | 2,500 | 2,500 | 100 | ||
| 2,500 | 2,500 | 100 | |||
| Total of expenditure of other costs | 102,026 | 102,026 | 94,202Detailed Statement of | Detailed Statement of | |
| Financial Activities | |||||
| Net income/(expenditure) | |||||
| Net income/(expenditure) before other | |||||
| gains/(losses) | 4,924 | 4,924 | (2,319) | ||
| Other Gains | |||||
| - | - | - | |||
| Net movement in funds | |||||
| Reconciliation of funds: | |||||
| Total funds brought forward | 52,298 | 52,298 | 54,617 | ||
| Total funds carried forward | 57,222 | 57,222 | 52,298 | ||
| ~~4,924~~ |
~~4,924~~ |
~~(2,319)~~ |
|||
| 4,924 | 4,924 | (2,319) |
Page 17