**LIFE CENTRE BIBLE CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **CHARITY REGISTERED NUMBER 1121506** **LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL** 1 ## **LIFE CENTRE BIBLE CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |CONTENTS|PAGE|| |---|---|---| |ADMINISTRATIVE INFORMATION|3|| |REPORT OF MANAGEMENT COMMITTEE||4| |INDEPENDENT EXAMINER’S REPORT||5| |STATEMENT OF FINANCIAL ACTIVITIES||6| |BALANCE SHEET||7| |NOTES TO THE ACCOUNTS||8-9| |DETAILED INCOME AND EXPENDITURE||10| 2 ## **LIFE CENTRE BIBLE CHURCH ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025** ## **COMMITTEE MEMBERS** Rev. Sunday Oke …………………............Chair Juliet Ijeoma-Orji ................................Secretary Mrs Antonia Ogbonkpolo ……...........Treasurer ## **CHARITY NUMBER** 1121506 ## **REGISTERED OFFICE** 38 - 40 Kennington Park Road Kennington London SE11 4RS ## **BANKERS** HSBC Plc 47, Rye Lane Peckham London SE15 5ET ## **INDEPENDENT EXAMINER** London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL 3 **LIFE CENTRE BIBLE CHURCH MANAGEMENT COMMITTEE REPORT YEAR ENDED 31 MARCH 2025** The Management Committee presents their annual report and the financial statements for the year ended 31st March 2025. ## **PRINCIPAL ACTIVITIES** The principal activities of the organisation are: - Preaching the Gospel of Jesus Christ - Education and training Poverty alleviation locally and overseas - Promotion of Christian living and lifestyle - Supporting other charities - Facilitating community cohesion - Provision of social and community services - Promotion of community and family projects. ## **STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES** The Management Committee is required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing those statements the Management Committee are required to: - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation. The Management Committee are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the project. They are also responsible for safeguarding the assets of the project and hence for taking reasonable steps to prevent and detect fraud and other irregularities. 4 ## **LIFE CENTRE BIBLE CHURCH INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT COMMITTEE YEAR ENDED 31 MARCH 2025** I report on the accounts of the Charity for the year ended 31[st] March 2025, which are set out on pages 6 to 7. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). ## **Responsibilities and** ## **basis of report** - I report in respect of my examination of the Trust’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 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed……………………………………………… Dated……………………. Ade Adebambo MBA, ACIS, ACMA, London Accountancy Practice 161 Sumner Road, London, SE15 6JL. 5 ## **LIFE CENTRE BIBLE CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 6 ## **LIFE CENTRE BIBLE CHURCH BALANCE SHEET AS AT 31 MARCH 2025** Approved by the management committee and signed on its behalf by ………………………………………………………………………………… Chairperson ………………………………………………………………………………… …. Treasurer On ………………………………………………………………………………………2025 7 **LIFE CENTRE BIBLE CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## 1. **ACCOUNTING POLICIES** : ## **1.1.Basis of preparation of Financial Statements** The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the Management Committees Report and all of continuing. The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts. The charity has taken advantage of the exemption of Financial Reporting Standard No1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity. ## **1.2 Incoming Resources** 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities. ## 1.3 **Restricted Funds:** Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. ## 1.4 **Unrestricted Funds:** Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds. ## 1.5 **Designated Funds** : Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. ## 1.6 **Resources Expended** : All expenditure is accounted for gross and when incurred. Direct charitable expenditure includes the direct costs of the activities and depreciation on related assets. Management and administration comprise those costs relating to the Charity’s central management and administration as opposed to its charitable activities. 8 ## **LIFE CENTRE BIBLE CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (contd)** ## 1.7 **Capital Equipment:** Depreciation The cost of equipment/furniture is written off in the year in which it is incurred. ## 2. **FIXED ASSETS** A register of equipment/furniture is kept by the organisation. **----- Start of picture text -----**
3. Creditors 2025 2024
£ £
Accountancy Fees 0 250
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9 ## **LIFE CENTRE BIBLE CHURCH INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025** 10 LIFE CENTRE BIBLE CHURCH INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMirrEE YEAR ENDED 31 MARCH 2025 sl I report on the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 6 to 7. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ( the Act"). Responsibilitles and basis of report I report in respect of my examination of th8 Trust'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 Act. Independent examin- er's statement I have completed my examination. I confirm that no mat8rial matters hava come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed..... Ade Adebambo BA, ACIS, ACM London Accountancy Practice 161 Sumner Road, London, SE15 6JL. Dated...l.£...o.J.. LIFE CENTRE BIBLE CHURCH INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMirrEE YEAR ENDED 31 MARCH 2025 sl I report on the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 6 to 7. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ( the Act"). Responsibilitles and basis of report I report in respect of my examination of th8 Trust'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 Act. Independent examin- er's statement I have completed my examination. I confirm that no mat8rial matters hava come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed..... Ade Adebambo BA, ACIS, ACM London Accountancy Practice 161 Sumner Road, London, SE15 6JL. Dated...l.£...o.J..