## **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 Page 1 ## **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. Page 3 ## **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. Page 6 ## **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 Page 8 **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** Page 9 ## **LIFE CHAPEL MINISTRIES LIMITED** ## **Notes to the Accounts** The company is a private company limited by guarantee and consequently does not have share capital. Page 10 **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| |---|---|---| Page 11 ## **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)|| ||||| ||||| Page 12 **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 disclosures****_Controlling_**
**_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| Page 16 **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|94,202**Detailed 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