Charity number: 1082522 BIBLE LIFE FAMILY MINISTRIES UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BIBLE LIFE FAMILY MINISTRIES CONTENTS Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Page 1 2-3 4 5 6 7-12
BIBLE LIFE FAMILY MINISTRIES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Charity registered number Principal office Accountants Rev Francis Seth Alasha Nunoo Ato-Mensah Samuel Bruce Rev Emmanuel Peprah 1082522 68 Windmill Road Croydon CRO 2XP GIL Accountancy Services 177 Ballens Road Chatham Kent ME5 8PG Page 1
BIBLE LIFE FAMILY MINISTRIES TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Bible Life Family Ministries for the year 1 April 2024 to 31 March 2025. Objectives and activities a. Policies and objectives To advance christian religion as the trustees shall deem fit in proclaiming the gospel of Jesus Christ. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2): b. Main activities undertaken to further the Charity's purposes for the public benefit Bible Life family currently oversees at least twelve (12) meetings per month in Croydon including Sunday worship. We have also continued to serve the local community (Croydon), focusing mainly on community outreach programs and also spreading the love of God through our contributions to overseas orphanages. Achievements and performance a. Main achievements of the Charity During the year ended 31 March 2025, BIBLE LIFE FAMILY MINISTRIES continued to pursue its charitable objectives through Worship and Faith Activities: - Regular weekly worship services and prayer meetings - Bible study, teaching, and discipleship programmes - Special services and conferences open to the wider community - Evangelism and outreach services - Financial support to ophanages in India Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The trustees have established a reserves policy to ensure financial stability and sustainability. The aim is to maintain unrestricted reserves sufficient to cover approximately two months of operating costs. At the year eno reserves were considered adequate for the charity's current needs Structure, governance and management Page 2
BIBLE LIFE FAMILY MINISTRIES TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management (continued) a. Constitution Bible Life Family Ministries is a registered charity, number 1082522, and is constituted under a Trust deed. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Statement of Trustees' responsibilities The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material 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 business. SAfeguari and art regelations 20 and to taking ne of tale set de. ere one one fr fraud and other irregularities Approved by order of the members of the board of Trustees and signed on their behalf by: Rev Francis seth Nunoo Rewrocs SchNwe8W02220360*214SM........ Rev Francis Seth Alasha Nunoo Date: 22 January 2026 Page 3
BIBLE LIFE FAMILY MINISTRIES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examiner's Report to the Trustees of Bible Life Family Ministries ('the Charity') I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremen that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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 accounts to be reached. Signed: D Tabiri gil 177 Ballens Road, Chatham. ME5 8PG Dated: 23 January 2026 FCCA Page 4
BIBLE LIFE FAMILY MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Income from: Donations and legacies Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward Note 3 4 45,935 45,935 46,163 46,163 (228) 283 (228) 55 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 12 form part of these financial statements. 45,935 45,935 46,163 46,163 (228) 283 (228) 55 Total funds 2024 23,445 23,445 22,184 22,184 1,261 (978) 1,261 283 Page 5
BIBLE LIFE FAMILY MINISTRIES BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Current assets Cash at bank and in hand 110 110 283 283 Current liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets 8 (55) - 55 55 55 55 283 283 283 283 Charity funds Restricted funds Unrestricted funds Total funds - 55 55 - 283 283 The financial statements were approved and authorised for issue by the Trustees on 22 January 2026 and signed on their behalf by: „Rex. Francis Seth Nuroo............. Rev Francis Seth Alasha Nunoo The notes on pages 7 to 12 form part of these financial statements. Page 6
BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General information BIBLE LIFE FAMILY MINISTRIES is a charity, registered in England and Wales. The charity's registered pume er and registered office address can be found on the Reference and Administration information Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Bible Life Family Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benetit to a third party, it is probable that a transter of economic benetits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 7
BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.5 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. _abilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or th amount it has received as advanced payments for the goods or services it must provide Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.6 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.7 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 Charity and which have not been designated for other purposes. Income from donations and legacies Donations Unrestricte d funds 2025 45,935 Total funds 2025 € 45,935 Donations Unrestricted funds 2024 23,445 Total funds 2024 23,445 Page 8
4. 5. BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities Summary by fund type Direct costs Direct costs - Activities (Activity 1) Analysis of expenditure by activities Direct costs Activities undertaken directly 2025 45,569 Direct costs Activities undertaken directly 2024 21,674 Analysis of direct costs Unrestricte d funds 2025 46,163 Unrestricted funds 2024 22,184 Support costs 2025 594 Support costs 2024 510 Total 2025 46,163 Total 2024 22,184 Total funds 2025 46,163 Total funds 2024 22,184 Page 9
BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities (continued) Analysis of direct costs (continued) Light & Heat Ministry expenses Overseas Missions Rates Rent and other premises costs Subscriptions Total funds 2025 11,120 4,881 600 7,614 21,189 165 45,569 Total funds 2024 5,520 2,372 12,937 245 21,674 Analysis of support costs Bank charges Insurance Total funds 2025 168 426 594 Total funds 2024 148 362 510 Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts 2025 1 2024 1 Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - ENIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - ENIL). Page 10
BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Creditors: Amounts falling due within one year Bank overdrafts 2025 55 9. Financial instruments Financial assets Financial assets measured at fair value through income and expenditure 2025 110 10. Summary of funds Summary of funds - current year Balance at 1 April 2024 283 Income Expenditure 45,935 (46,163) General funds Summary of funds - prior year 11. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total Unrestricte d funds 2025 110 (55) 55 2024 2024 £ 283 Balance at 31 March 2025 55 Total funds 2025 € 110 (55) 55 Page 11
BIBLE LIFE FAMILY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year Current assets Total Endowment Unrestricted funds funds 2024 2024 283 283 - Total funds 2024 283 283 Page 12