LIVINGSPRING CHAPEL TRUST Charity Registration No.. 1097653 REPORTS & ACCOUNTS For The Year Ending 31 March 2022 FANLA & CO Accountants & Consultants
LIVINGSPR]NG CHAPEL TRUST RPORATE INFORMA TRUSTEES: Ms Olayinka OGUNWALE - Chair Ms Olayinka OYENEYIN - Secretary Rev Franklin OKUNOWO INDEPENDENT EXAMfNERS: FANLA & CO (Accountants & Consultants) Unit 10, Warwick House Overton Road London, SW9 7JP REGISTERED OFFICE: 205 Shepherds Lane Dartford Kent DAI 2PS REGISTERED CHARrrY NO: 1097653 REPORT AND ACCOUNTS: 31 Mar. 2022 Page 2 fNDEPENDENT EXAMtNERS' REPORT 3 REPORT OF THE DIRECTORS 4-5 STATEMENT OF FtNANCJAL AcfNITIES 6-7 NOTES TO THE ACCOUNTS
INDEPEIYDENT EXAMINERS, REPORT To The Trustees of LIVING SPRING CHAPEL TRUST On the Accounts fr>r the year ended 31 marc 2022 Set out on the attached sheets. Rospective Responsibilities of Trnstees and Examiner As thjstees you are responsible for the preparation of the a¢¢ounts. You wnsider that an audit is not required for this year under section 43{2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is our responsibility to: - examine the accounts UTKler se¢tion 43 of the 1993 Ath, - follow the PredureS laid down in the general Directions given by the Charity Commission {und¢r section 43{7Xb) of the 1993 Affj and - state whether particular matters have wm¢ to our attention. Ba$1$ of Ind¢p¢Dd¢nt Examiner's Statement Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Gharity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the a¢¢ounts. and king explanations from the trnstees conceming any such matters. The pmcedures undertaken do not provide all the evidence that would be requittd in an audtL and consequently no opinion is given as to whether the accounts present a and fairf view and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with our examination, no matter come to our attention which gives us reasonable cause to believe tha¢ in any materiaI respecL the requirements: - to keep accountlng re£ords in accordance with se¢tion 41 of th¢ 1993 A¢t' and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met" or 2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the aut$ to be reached. Signed: OPd03121r23 FANLA & CO UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP
VING SPRING CHAPEL T TRUSTEES REPORT The TTUStees prnt with pl¢&sur¢ their Annual Report together with the financial statements of the Charity for the year ended 31 March 2022. Constitution, objective of the ¢harityi principal activiti&5 and organ0 of our work The charity is constituted under a tr[ deed 20th August 2002 and gistered as a charity on 22nd May 2003 under number 1097653. The obj¢¢tiv¢ of the rharity as set out in the D¢claTation of the trust are: (a) The advancement of the Christian faith. Th¢ ministy was involved in Christian outr¢a¢h prowmes designed to in¢re&s¢ Christian awareness and spread the Gi)spel of our Lord Jesus Christ. Development, a¢tivities and aehievement in the year The Trustees are pleased to report that the Church continued to be successful spiritually ministering to many people. Many Christian and non- Christian attended our meetings and many re-dedicated their lives to our Lord and Saviour, Jesus Christ. Organisatlon The Charity is governed by a Board of Trustees who are elethd to serve and run its affairs. Annually, the Board reviews the range of skills it has available and uses its wwer of ClH)Ption to ensure that gaps are filled. Committee Members, Reswbnsibllity IM The Preparfdlion Of Financial Statements Charity tE8islation requires the committee to prepare fmanciaE statements for each financial year which give a trne and fair view of the state of the Trust &8 at the end of the financial year and the income and expenditure of the Trust for the year ended on that date. Jn preparing those financial statements, suitable accounting policies have been used, framed, to the best of th¢ Committ¢e's knowl¢dge and belief. by reference to Tr&sonable and prudent judgements and applied consistently. Applicable accounting standards have been followed. The Committee is also required to indicate where the financial statement are prepared other than on the basis that Charity is a going concern. The Committee is responsible for ensuring that aTrangements are made for keeping proper books of account with respect to the Trust's transactions and &8sets and liabilities and for maintaining a satisfactory system of control over the Trust's books of accounts and transactions. The Committee is also responsible for ensurlng that arr8ngements are made to safeguardthe assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Board Signature Name Date: Ms. Olayinka Oyeneyin- Secr¢tary
LIVINGSPRING CHAPEL TRUST STATEMENT OF FINANCIAL ACTIVITIES for th& year ondgd 31 March 2022 2022 2021 (all unr•strl¢ funds) Incomin Tithes, Donations, ContribLrtn$, Thanksgivtng HM Chafitios 25,363 10,711 Total ineomlng rnBourc8s 25,363 ,711 Cost of Gen•r•tlng Funds Administrat Wages & S8181ies Pastoral, Evangelism & Miss•)ns Honorar¢um & Grfts Charftable Expendltu Donations, Grfts & Subscriptions Rent & Rates Costs of activities for¢haritable obie¢dve¥ TechinglMusicaVMateria18r8ift1g Expenses Volunteers Expenses Motor RUnningrave111n9 Support Costs Repairs & Maint8nanc8 LtghL Heat & Water Telephone. Zoom & Irrternet Printing. Postagè & Ststionery Nthertisement & PublrAty Insurance Inlemet and Web Cost Fees1retarial Expense8 LauPrOfessIOnal Fe8S Sundrie8 M8nggam8nt & Adminislrafion Bank Interest & CharyJes Annual ReporVAc¢untsllrKlependent Examine¢s Fe8 DeprectatKJn 4.807 270 14,390 3.655 613 661 24 920 86 2.387 275 106 soo 176 Total RMouYc68 Expondod (b) 27.321 2.050 NEf MOVEMENT IN FUNDS Balano blf at 1 Apr. 2021 Balan clf at 31st Mar. 2022 {•4)) 1.95 43,403 41,445 8,661 34,742 43.403
LIVINGSPRING CHAPEL TRUST BALANCE SHEET as al 31 March 2022 2022 Flxed A88ets Tangible Assets Investments TotslFlx•dAss•ts Currnn Debtors & PrepayTnents Cash in Hand & at Bank 41,476 41N76 44,703 44.703 Total CuffentAssets urront Liabil Creditors & Accrued Expenses Total Current UablUtI•s 1.000 1,000 1.300 1,300 Not cuffentA(LlO)Ill¢lo* 40A76 43A03 Total NetAss•ts 41A46 43N03 REPRESENTED BY ACCUMULATED FUND Opening Balanco Net Incominglloutgoing) Resources for the year Ch)sing Balance 43.403 -1.958 34,742 8.661 43,403 Signatu Name tsLs Ms Ola inka OGUNWALE Chairy)erson- Board of Trustees Date of Approval
LIVINGSPRING CHAPEL TRUST NOTES TO THE ACCOUNTS For the Year Ended 31 March 2022 1.0 ACCOUNTING POLICIES 1.1 Basis of Accounting The accounts have been prepared under the histori&ql cost convention. 1.2 Fixed Assets Fixed A&8ets are ststed at cost. 1.3 Depreciation Depreciation is provided on the straight line basis to write off fixed assets over their expected use1 lives as follows: Equipment and Instruments Motor Vehicle Building Extension & Renovation 14% p.a /0 p.a 2 INCOME Income conststs of Tithes, Donations, Thanksgiving, Members Contributions and other income during the year. 3 TANGIBLE FIXED ASSETS Tangible fixed assets are made up of the following: Equipmen Motor Building & Instrumei V¢hi¢l¢ Extension Total COST At l April 2021 Additionsl(disposals) during the wiod At 31 March 2022 969 969 969 969 DEPRECIATION At l April 2021 Charge for the pttiod At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 Mar¢h 21r21 969
LIVINGSPRING CHAPEL TRUST NOTES TO THE ACCOLfNTS For the Y¢ar Ended 31 March 2022 2021 4.Surylus l(deficil) for the year {1,958) 8.661 This is Stated after Char. tkpreciation of TaDgible fix Assets 176 5. Creditors Amounts falling due within one year: Creditors & Ac¢ruals PAYE Tax & National Insurance A¢¢nlS 1,000 1.000 1,300 iJoo 6. Tithes, Contributions & Other Income Total 2022 Tota 2021 Funds Funds Tithes, C¢)ntributions etc HM Charities 25,363 25,363 10,711 25J63 25J63 10.711