LIVINGSPRING CHAPEL TRUST Charity Registtation No: 1097653 REPORTS & ACCOUNTS For The Yvdr Ending 31 March 2025 FANLA & CO AcLYxmt8nts & Consultants
LIVINGSPRING CHAPEL TRUST CORPORATE INFORMATION TRUSTEES: Ms Olayinka {uNWALE - Chair Ms Olayinka OYENEYIN . Secretary Rev Franklin OKUNOWO FANLA & CO (Accountsnts & Consultants) Unit 10, Warwick House Overton Road Londo SW9 7JP REGISTERED OFFICE: 205 Shepherds Lane Dartford Kent DAI 2PS REGISTERED CHARtrY NO: 1097653 REPORT AND ACCOUNTS: 31 Mar. 2025 Page 2 INDEPENDENf EXAmERS. REPORT 3 REPORT OF THE DlliECTORS 5 STATEMEKf OF FtNANCIAL ACTIVITIES &7 NOTES TO THE ACCOUNTS
INDEPENDENT EXAMINERS, REPORT To The TeeS of LIVING SPRING CHAPEL TR ST On the A¢Unts for the year ended 31 Matd¥ 2025 Set (Hrt on the attached sh¢et& Respective RegnSIbilit of Trn8te¢$ amd Euminer As trustees you are responsible for the preparation of the ac)ullts. You consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an indeprntht examinton is neede Tt is our responsibility to: - examine the accounts under section 43 of the 1993 ACL - follow the procedures laid down in the genernl Directions given by the Charity Commission (under section 43(7)(b) of the 1993 ACL and - state whether particular matters have come to our attention. Basis of Independent 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 charity and a comparison of the accounts presented with those re£ords. It also includes consideration of any unusual items or disrlosures in the and seekin8 explanations from the trustees concerning any such matteEs. The priKedures und¢rtak¢n do not provide all the evidence that would be required in an audiL and consequently no optnion is given &8 to whether the acci)unts present a and fai¢ view and the rep)rt is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection wtth our examination, no matter has come to our attention . which gives us reasonable (xuse to believe thaL in any material respecL the requirements: - to keep accounting records in accordance with section 41 of the 1993 ACL and - to prepare accounts which a(rord with the accounting records and comply with the accountin8 r4uirements of the 19)3 Act have not been meL or 2. to which, in our opinion, attention should be drawn in orth to enable a proper understanding of the accounts to be reached. Sned: 19101r2026 FANLA & CO LTNIT 10, WARWICK HOUSE OVERTON ROAD LONtX)N SW9 7JP
LMNG SPRING CHAPEL TRUST TRUSTEE RT of the Clwity forthe year eRthI 31 MaTch 2025. C0DJtithtio obje¢tr¢ of ¢he ¢&rity? pTiK1 aelhlties ad oryA?tion of ¢xrwork 22nd May 2(K)3 UTthnwnber l(Yn653. The objective of the ¢h2rAty as Set0 1lltheDthtaknOfthetrt aTW. (a) The advan¢¢ of the CbTi#ian faitlL awdreness aEMI spread th¢ Gospel of ow Lord jes ChrisL Developmell6 #etivihu #Ad thievemewt im they The TnteeS are pleas&1 to rewprt that the Chu& continuoj to Ix SpiritlY atrj many re11cd their lives to Ithd a1 Saviour. Jesus Chri Org¥nisatioo Annually, the B(Mrd reviews the rang¢ of skills it has available aThl uses its p)wtr of cows0 to ensure that 88ps aTe filleKL Cowmlttee Members. RuY)nbIl1ty lo Tr PryrntlD ofFItttI SlltmeDts Charity tlation rtqUiT¢S the c(Mmnitte¢ to pr¢pBff fiawiaj stst¢tjts for ¢a¢h financial yearwhith gtve 8 tn and fair viewofth¢ state oftl Tntst as the end ofthe finla1 year those financial ATitsble a¢cow)ttng 111¢5 l]ave IKCD ¢¢£ frame¢ to the best of the committee kno7Cdse 8TwJ belie£ by refue¢t0 reanble a1 judgrnM)ts on th¢ basis that CharÉty is a goiDg conca IxK>k8 of account with resF¢rt to th¢ Tntsvs tranwtiOn5 dj a5 aThl liabilities for mointsining a wista¢w syston of ¢trol overthe Trth Ix)oks of x0ts safegUdthe assrts of the TTEL%t aThl hee fortaking r¢wnabl¢ steps for the prevention By order of the &wd M& Olayi D&tv.
ftythe year 31 March 2025 21125 (•U w¢4t17tttd f•ds) 30,496 28.089 Totsl itteowig (•) 32.983 28,089 Resoue¥ Ex ded Cost of Gememting FMHds Admirtistration Ivages & Salanes Pastoral, Ewargelism& Mission5 Honorariuln & GilL% 271 1,830 CharknlAe Erpendlthre tknnat]o5. Gifis & Sub5triptsons Rent & Rates 1&134 15.590 7.791 Volunteers Expens¢$ Motor Runni¥tUIti8 S4PPOrt Costs 1612 3349 Lighl Heat & Water Tel)1 Zoom & Printin& Pow & Stationay Advertisertknt & Publicity Insuran¢¢ iJ41 1261 961 Fe¢sIs¢etsrIal Exp¢Thses LegaVProfessional Fe¢s Sundries 769 Malgement& Adminitratio rkpreciation 3YJ 359 Totsl Rosourc¢* Exptnded (b) 29P)5 33,1147 NET MOVEMENT IN FUNI6 Balatv Wf at i Aw. 2024 Balance df at 3 1st Mar. 2025 (trb) 2,988 542 (4.958) 51500 46J42 49530
LIVINGSPRll¥G CHAPEL TRUST BALANCE SHEEr as 8131 March 2025 2025 2024 Tangible Assets Investments Total FixedAss•ts 2.IFr 2.516 2.157 2.516 Current As5 Debtors & Prepayments Cash in Hand & at Bank 47.873 47,873 44.526 44,526 rront Llabllltles CreditC8 & Accrued EXse8 47.373 44,028 rota114•tAssets 49.530 46.$42 REPRESEKfED BY ACCUMULATED FUND Opening Balancx Net IncomintylOuty)ing) Resour(xs for 5 closi B818nce 51.500 2.988 46.542 Signatu Name Olayinka OGUNWALE Chairperson. Board of Tnistee5 Date of Approval
LIVINGSPRING CHAPEL TRUST NOTES TO THE ACCOUNts For the Year Ended 31 March 2025 1.0 ACCOUNTING POLICIES 1.1 Basis of ALrounting The accounts have been pretred utth the histrffical ci)st Convention. 1.2 Fixed Assets Fixed Assets a stated at cosL 1.3 Depreciation Depreciation is provided on the straigbt line basis to lte off fixed ats over their eXpd useful lives as follows: Equipment and Instnments Motor Vehicle l?/0 p.a 2 INCOME Income consists of Tithes, Donation4 Thanksgiving. Members Contributions and other income during the year. 3 TANGIBLE FIXED ASSETS Tangible f¢d assets are made up of the following: Equipmen Motor & InStn Vehicle Total COST At l April 2024 AdditiOn(dIspIs) during the period At 31 March 2025 2,991 2,991 2,991 2.991 DEPRECIATION At l April 2024 Charge for the period At 31 March 2025 475 359 834 475 359 834 NET BOOK VALUE At 31 March 2025 At 31 March 2024 2,157 2,516 2,157 2.516
LIVINGSPRING CHAPEL TRUST NOTES TO THE AccouKrs For the Year Ended 31 March 2025 2025 . 2024 4.sllr l(defKit) for the year 2.988 (4.9581 This is stated after ch&Tgtll{. Depreciation of Tangible fixoa A&8ets 359 359 5. Creditors Amounts falling due within one year. Creditors & AualS PAYE Tax & National Inall¢e Acclvals 500 500 500 6. Tithes, Contributions & Other Income Total 2025 Total 2024 Funds Funds Tithe& Contributions elc HM Charities 30.496 2,487 32983 30.496 2,487 32,983 28,089 28,089