2024-02-29-accounts - Real Life Ministries

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REAL LIFE MINISTRIES

579 WESTHORNE AVENUE ELTHAM LONDON SE9 6DN

COMPANY REG. NO. 05039656 CHARITY REG NO 1102589

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

AJN & CO LTD CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS 2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY

REAL LIFE MINISTRIES LEGAL AND ADMINISTRATIVE INFORMATION

TRUSTEES:	Mr Frank Ochom
	Mr Micheal Kirimuttu Kagyo
	Mr David Kyeyune
	Mrs Evelyn Kawuma
SECRETARY:	Mr David Kyeyune
CHARITY NUMBER:	1102589
BANKERS:	Lloyds TSB
	PO Box 1000
	Andover
	BX1 1LT
ACCOUNTANTS:	AJN & CO LTD
	Chartered Certified Accountants & Business Advisors
	22 Shaftesbury Court
	Denmark Hill Estate
	London SE5 8HQ
CONTENT:	1. Trustees' Report
	2. Independent Examiner's Report
	3. Statement of Financial Statements
	4. Balance Sheet
	5. Notes to the Accounts

REAL LIFE MINISTRIES TRUSTEES' REPORT

The Trustees who are also directors of the charity for the purposes of the Companies Acts 2006, present their report with the financial statements for the year ended 28 February 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 5 and comply with the Statement of Recommended Practice (SORP 2015 ) and the applicable law.

Constitution, objective of the charity, principal activities and organisation of our work

The charity is controlled by its governing documents, a deed of trust dated 29th September 2000, and constitutes a limited company, limited by guarantee , as defined by the Companies Act 2006.

The objectives of the charity as set out in the Declaration of Trust are:

(a) The advancement of the Christian faith and

(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.

The church was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.

Public benefits, development activities and achievements in the year

When planning our activities in the year, the trustees considered the Charities Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We try to enable ordinary people in the community to live out their faith through worship and prayer; learning about the Gospel; and developing their knowledge in various activities which we do. The church offer a range of services during the week and over course of the year that the community find both beneficial and spiritually fulfilling. Our place of worship is open on a daily basis in the morning for the people of our community to come and pray, to fellowship and to provide a quiet, intimate and reflective place for worship. Professional counselling is available free of charge to those who require it and it deals with various types of crises experienced by different kinds of people which is caused by different issues. Our church premises is open to offer free services through our food bank every Thursday from 10:am to 3:pm. We provide emergency food to people in crises which include unemployed, those in debt and cannot provide enough food for themselves and family, those whose benefits have been suspended and those waiting for decisions on their benefit applications. We also help to direct people to where they can get further help or advise depending on their circumstances. During the time, we offer a free cup of tea / coffee and snacks as well as opprtunity to talk or chat especially for those living alone.

Our services are not limited to people in our community, they are available to all regardless of their gender, colour or background and we do not ask for referral.

Review of the financial position

The net incoming resources for the year amounted to a deficit of £2,660 (2023 surplus £7,429) all of which was attributable to general reserves.

Board of Trustees

The members of the board of trustees during the year were:

Mr Frank Ochom Mr Micheal Kirimuttu Kagyo Mr David Kyeyune Mrs Evelyn Kawuma

This report was approved by the board and signed on its behalf by:

Mr Frank Ochom.

Dated

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REAL LIFE MINISTRIES CHARITY NUMBER 1102589

I report on the Financial Statements of the Trust for the year ended 28th February 2024, which are set out on pages 4 to 8 below.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act,
to follow the procedures laid down in the general Directions given by the Charity Commission
[ under section 145(5)(b) ] of the 2011 Act, and
to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Trust and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention :-

1) which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records and comply accounting

requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Isaac Addai FCCA, FFA/FIPA, MBA(Finance), BA(Hons) Dated AJN & CO LTD

Chartered Certified Accountants & Business Advisors 2 Silver Streak Way Strood Rochester ME2 2GY

REAL LIFE MINISTRIES

BALANCE SHEET AS AT 28TH FEBRUARY 2024

Notes FIXED ASSETS Tangible Fixed Assets 3 CURRENT ASSETS Cash in hand & Bank CREDITORS: Amounts falling due within one year 6 NET CURRENT ASSET / LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amount falling due after 1 year 6 FUNDS FOR THE CHARITY 8 Unrestricted Funds	2024 £ 9,263 12,118 12,118 (6,340) 5,778 15,041 (3,458) 11,583 11,583 11,583	2023 £ 5,395 18,633	2023
		18,633 (6,328)
		12,305
		17,700 (3,458)
		14,243
		14,243
		14,243

The charitable company is entitled to exemption from an audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the charitable company to obtain an audit of it financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for:

(a) ensuring that the charitable company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as a the end of each financial year and of its surplus for the year in accordance with the requirement of Section 394 and 395 and which otherwise comply with the requirement of the companies Act 2006 relating to financial statements, so far as applicable to th charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with Statement of Recommended Practice (SORP 2015).

Approved by the Board of Directors and signed on its behalf dated :-

Mr David Kyeyune

Dated

REAL LIFE MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2024

Notes Income and Endownments from: Voluntary Income Gift Aid The London Community Foundation Interest Received Total Expendenture on: Charitable Activities 4 Total Net Movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward		2024 Unrestricted Fund £ 52,789 9,488 - - 62,277 64,938 64,938 (2,660) 14,243 11,583		2023 Unrestricted	2023 Unrestricted
				Fund £ 46,106 6,304 9,900 12	Fund
				62,322
				54,893
				54,893
				7,429 6,814
				14,243

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.

The notes on pages 5 to 9 form part of these accounts.

REAL LIFE MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

NOTE 1. BASIS OF ACCOUNTING

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at

cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

and with the Charities Act 2011.

1.2 Going concern

The charity will contiue as a going concern as there are no material uncertainties that cast significant doubt on the charity's ability to continue as a going concern.

1.3 Change in accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note (2).

There is a change in accounting policy from the FRSSE SORP to FRS 102 SORP. The FRS 102 SORP (2015) gives more disclosures for the finanacial statements to give true and fair view of the charity.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (FRS 102 SORP).

1.5 Material prior year error

No material prior year error have been identified in the reporting period (FRS 102 SORP).

NOTE 2 INCOME

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources; and it is more likely than not that the trustees will receive the resources.

Income from Tithes and Offering are included in charitable activities when they are receivable.

Grants

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

REAL LIFE MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition creteria are met (5.10 to 6.12 FRS 102 SORP).

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition creteria are met (5.10 to 6.12 FRS 102 SORP).

Tax reclaims on donations and gifts

Gift aid receivable is included in income when there is valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Income from interest, royalties and dividend

This is included in the account when receipt is probable and the amount receivable can be measured reliably.

2.1 EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasoble certainty.

Governance and support cost

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance withregulation and good practice.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

2.2 ASSETS

Tangeble fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £100.00 They are valued at cost.

The depreciation rates and methods used are disclosed in note 3.

REAL LIFE MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

NOTE 3. TANGEBLE FIXED ASSESTS

3.1 Cost Costat 1st March 2023 Additions during the year At 28th February 2024 3.2 Depreciation and impairments Basis Rate Depreciationas at 1st March 2023 Charge for the year At 28th February 2024 Net Book Value at 28th February 2024 Net Book Value at 28 February 2023	Fixtures, fittings and Total equipment 2024 £ £ 21,047 21,047 6,955 6,955
	28,002 28,002
	Reducing Reducing Balance Balance 25% 25% 15,651 15,651 3,088 3,088
	18,739 18,739
	9,263 9,263
	5,396 5,396

REAL LIFE MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

NOTE 4. EXPENDITURE ON CHARITABLE ACTIVITIES Rent & Rates Evangelism & missions Bank charges Books and tapes Wages & Salaries Telephone Travelling & Motor Expenses Donations to charity Depreciation Postage, Printing & Stationery Repairs and maintenance Sundries Honorarium Welfare & support Food & refreshments (Food Bank) Accountancy fee Subscription Cleaning Light & heat Employer pension Professional fees Business rate Health & safety Food Bank Volunteers	2024 £ 23,195 2,833 179 105 13,584 792 4,305 1,268 3,088 690 1,321 29 1,335 1,875 2,484 500 529 350 2,160 184 985 1,475 520 1,153 64,938	2023 £ 20,700 1,753 209 89 9,578 1,027 4,203 2,451 1,798 465 996 33 336 480 2,138 400 235 1,358 2,660 138 989 1,475 437 944	2023
		54,893

NOTE 5. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

5.1 Trustee remunerations and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.

5.2 Trustees' expenses

No trustee expenses have been incurred.

REAL LIFE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2024

NOTE 6. CREDITORS AND ACCRUALS

6.1 Analysis of creditors

6.1 Analysis of creditors
Accruals Other taxes & social security Other creditors Total	Amount falling due Amount falling due within oneyear after more than oneyear
	2024 £ 500 - 5,840	2024	2023 £ 400 88 5,840	2023	2024 £ - - 3,458	2024	2023 £ - - 3,458	2023
	6,340		6,328		3,458		3,458

NOTE 7. NET MOVEMENT IN FUNDS FOR THE YEAR 2024 The net movement in funds for the year is stated after charging: Accountancy fee 500 Depreciation for the year 3,088 NOTE 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Equipment Net Current Assets Less Liab Unrestricted Funds: general funds 9,263 2,320	2023 400 1,798 2024 Total £ 11,583	2023