LIVINGSPRING CHAPEL TRUST Clwity Registration No: IOY1653 REPORTS & ACCOUNTS For The Year Ending 31 March 2024 FANLA & CO Ac£ountsnts & Consultants
LIVINGSPRING CHAPEL TRUST CORPORATE TNFORMATtON TRUSTEES: Ms Olayinka (UNWALE . Chair Ms OlayiDka OYENEYIN. Secretary Rev Franklin OKUNOWO INDEPENDENT EXAMtNERS: FANLA & CO (Accountants & Consultants) Unit 10. Warwick House Overton Road Londo SW9 7JP REGISTERED OFFI. 205 Shepherds Lane Dartford Kent DAI 2PS REGISTERED CHARtrY NO: 1097653 REPORT AND ACCOUNTS: 31 Mar. 2024 Page 2 INDEPENDENT EXAMINERS, REPORT 3 REPORT OF THE DIRECTORS 4>5 STATEMENf OF FINANCIAL AcrIvrTIES &7 NOTES TO THE ACCOUNTS
INDEPE1ENT EXAMINERS, REPORT To The Trustees of IJVXNG SPRING CHAPEL TRUST On the Ac¢ounts the year ended 31 Match, 2024 S& out on the attached sheets. Resp1Ve RpSIbilitieS ofTrusteo4 2Rd ExamRner As trustees you are reswnsible for the preparation of the accounts. You ¢onsxder that an audllt is not required for this year under section 43(2) of the ChaTities Act 1993 (the 1993 Act) and that an independent examtnation is needed. It is our responsibility to: - examine the accounts undtr wtion 43 ofthe 1993 ACL - follow the procedures laid down in the get[al Directions given by the Charity Commission (under section 43(7Xb) of the 1993 ACL and - state whether particular matters have come to our attention. Basis of Independent Examiner's Statemellt Our examtnation was carried out in accordan with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts prented with those records. It also includes consideration of any unusual items OT disclosures in the accou, and seeking explanations from the trustees concerning any such matters. The pr(wlures undthaken do not Provide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a and faie view 8nd the report is limited to those matt¢rs set out in the Statement below. Independent Examiner's Sl*t¢ment In connection with our examinatio no matter h&8 come to our attention l. which gives us reasonable cause to believe thal in any material rw the uIrements. - to keep accounting re£ords in accordanc£ with section 41 of the 1993 Act: and - to prepare accounts which accord with the w)unting records and Lx)mply with the accounting requirements of the 19)3 Act have not been meL or 2. to whtch, in our Opini attention should be drdwn in 0cT to enable a proper understanding of the ounts to k reached. sign1. 27101r2025 FANLA & CO LfNIT I O, WARWtCK HOUSE OVERTON ROAD LONIX)N SW9 7JP
IJVING SPRJNG CHAPEL TRUST TRUSTEES REPORT The Trustees present with pleasure their Annual Rew)rt together with the financial statements of the Charity for the year ended 31 March 2024. Constitstion, objective of the chsiity. primeipal activities and organiwtion of our work The charity is constituted under a trust deal 20th August 2002 and registered as a charity on 22nd May 2003 under number 1097653. The objective of the charity as set out in the Declaration of the tTUSt are: (a) Th¢ advancement of the Christian faith. The mtntsty was involved in Christian outreach progrdmmes designed to increase Christian awareness and spread the Gos1 of OUT Lord Jes$ Chri Development, activiti and acbievemeDt in the year The Trustees are pleased to reportthat the Church continued to be s[KSsfUl spiritually ministering to many people. Many Christian and non- Christian attended our meetings and many re-dedicated their lives to our and Saviour, Jesus ChrisL OrgaDisation The Clwity is govern by a Boatd of Tn who are elected to serve and run its affairs. Annually, the Board lewS the range of skills it h&$ available and uses its PK)w¢r of co-option to ensure that gaps are filled. Committee Members, Rp)ng1b11llty In The Preparation Of FiDaDeial Ststements Charity Legislation requires the comrnittee to prepare financial statements for each financial year which give a trne and fair view of the stak of the Trust &8 at the of the financial year and the income and expenditure of the Trust for the year ended on that date. In preparing those financial statemenL% suitabl¢ aCunting policies have i*en use4 frarne to the best of the Committee's knowledge and klief, by reference to reasonable and prudent judgements and applied consistently. Applicable accounting standards have iren followed. The Committee is also required to indicate where the fmancial statement are prq)ared other than on the basis that Charity is a going concern. The Committee is responsible for awing that arrangements are Inade for keeping proper books of account with resFe¢t to the Trust's transactions and assets and liabilities And for maintaining a satisfactory system of control over the Tt'S bwks of accounts and transactions. The Committee is aig) r¢SD$1b]e for ensuring that arrangements are made to safeguardthe assets of the Trust aDd hence for taking re&wnable steps foT the prevention and detection of fraud and other irre8ularities. By order of the Board Name Date: Ms.0
LIVINGSPRING CHAPEL TRUST STATEMENT OF FINANCIAL ACTlVtfiES for the year en1 31 March 2024 (all unrwtrict•d funds) comln Resources Tithes. Donatns, Contrbutions. Th8nksgiVry HM Charities Total incomÈng r•sourc la) ,762 Re80urces Ex onded Cost of Genernting Funds Administration Wages & Salaries Pastoral. Evangelism & Miswns Honorarium & Grfts Charitable Expenoylu Donations, Gifts & subscn.pbS Rent & Rates Costs of activities fordwitsble TeaChinmusavMateriar8in1rVj Expenses Volltnleers Expenses Motor RunninraVe11 Support Costs Repairs & Maintenance ght, Heat & Water Telephone, Zcom & Intemel Pfinting, Postage & Stationwy Advertisement & Publirity Insurance Intemel and Web Cost Fee51Seeretarial Expenses LegaVProfessional Fees Sundries Managentsnt & Admintht Bank Interest & Charges Annual ReporVACcounl&lnthperMltt Examks F Depreaation 1.585 333 15.590 14.145 7,791 5,200 1,679 773 402 1.334 5(10 Total Rosourc•s Exnd•d NET MOVEMEpif IN FUNDS Balance blf at 1 Apr. 2023 Balan¢e cif at 31st Mar. 2024 lb) 10.055 41,445 51.500 51,500
LIVINGSPRING CHAPEL TRUST BALANCE SHEET as at 31 M8rch 2024 2023 Tangible A88ets Investments Total FixedA$5•ts 2.516 2.875 216 2.875 t)ebtors & Prepaynents Cash in Hand & at Bank Toeal eUntA8 44.526 44.526 49,126 49.126 Curront Llabll Cr&Jitots & Awued ExEIseS Totsl Cunvnt Liabilities Net Cun•ntAssetsl(kn•lylitses) 44.026 48,626 rotalNotAss•ts 51.500 REPRESENTED BY ACCUMULATED FUND Opening Balance Nel In¢omi@IOutgowig) Resources for the Closing Baknce 51.5(X) 4.958 46.542 41A45 10.056 51.500 1025 Date of A roval Name it]ka OGUNWALE Chaiwn. Board of TTusre£s
LIVINGSPRING CHAPEL TRUST NOTES TO THE ACCOUNTS For the Year Ended 31 March 2024 1.0 AccoifNTING POLICIES 1.1 Basis of Accounting The acllnts have been prepared under the htstoricai cost Convention. 1.2 Fixed A&s&s Fixed Assets are stated gt cosL 1.3 tkpreciation Depreciation is provided on the straight line knis to write off fixed a&sets over their expect useful lives as follows: Equipment and Jnstruments MotL)r Vehicle 12Yo P 140/• PA 2 INCOME Jnwme consists of Tithe4 tk)natAon& Thanksgivin& Members Contrlbutions and other income during the year. 3 TANGIBLE FIXED ASSETS Tangible fixed a&8ets a mad¢ up of the followin. Equipmer Motor & Instruma Vehicle Total COST At l April 2023 Additionsl(diswsals) during the period At 31 March 2024 2,991 2.991 2.991 2.991 DEPRECIATION At l April 2023 Charge for the period At 31 March 2024 116 359 475 116 359 475 NET BOOK VALUE At 31 March 2024 At 31 March 2023 1516 2,875 2516 2,875
LIVINGSPRING CHAPEL TRUST NOTES TO THE Accouwrs For the Year Ended 31 March 2024 2024 2023 4.Surplus l(d¢fieit) for the ye•r {4.9581 10.055 This is stated after charn Depreciation of Tangible fixed Asq¢ts 359 116 5. Creditors Amounts falling due within one year. Creditors & Ac¢rua]s PAYE Tax & National Insurance AcCTrlS 500 500 6. Tithes, Contribution5 & Other Income Total 2024 Total 2023 Funds Funds Tithes, Contributions et¢ HM Charittes 28,089 28,089 25,649 11.113 36.762 28,089