Regislered number 1122903 FOUNTAIN OF LIFE CHURCH INTL Report and Accounts 31 December 2023 FOUNTAIN OF LIFE CHURCH INTL Report and accounts Contents Page Charity Information Trustees, report Independent Examiners report Slalemenl of Financial Affairs Balance sheet Notes lo the accounts FOUNTAIN OF LIFE CHURCH INTL Charity Information Trustees Rev Henry Anning Vida Arthur Ms Vicloria Osei Stephen Anning Edward Lawrence Anning Secretary Stephen Anning AccoLblltants Ephraman & Co 4 South Walk Wesl Wickham Kent 8R4 9JA Registered Charity number 1122903 FOUNTAIN OF LIFE CHURCH INTL Registered number: 1122903 Trustees. Report The trustees present their rewrt and accounts for the year ended 31 December 2023. Principal activities The charity's principal activity during the year continued to be the running of a church The preaching of the gospel and advancement of Christian religion. and the alllevialion ol poverty and helping the weak and vunerable In society. and involvement In mission vL)rk. Trustee5 The following persons served as trustees during the year". Rev Henry Anning Vida Arthur Ms Victoria Osei Stephen Anning Edward Lawrence Anning This report was approved by the board on 9 September 2024 and signed on its behalf. Rev S Anning Trustee FOUNTAIN OF LIFE CHURCH INTL Indepèndent Examinerf$ Rèport Independent Examiner's report to the trustees of Fountain of Life Intl We report on the Financial Statements for the year ended 31 December 2023 sel out on pages 4106. Res ective res onsibilities 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 of the Charrties Act 2011 Ilhe Charities Acll and that an independent examin8lion is needed 11 Is my responsibility lo- Examine the account5 undei section 145 01 the Charrties Act, To follow the procedures laid down In the general Directions given by the Charrty Comfflission (under section 14515iibl of the Charrties Act), and To slate whether part￿ular matters have come lo my attent￿n Basis of inde endent examiner's Statement My examination was Carr￿ed OLrt In accordance wrth gener81 DirectK)ns gwen by the Charrty Cornm15510n An examination includes a review of the accounting records kept by the char1ty and a coryTrpari50n ol the accounts presented with those records It also Includes consideration ol any Ljnusual items or disclosures In the accounts. and seeking explanations from the trustees collcerning any such mallers. The Prc￿edureS undertaken do not provide all the evidence that would be required in an audit, arid consequently no opinion is given as lo whether the ￿COUnt$ present a 'true and fair. view and the report is limi(ed lo those matters set out In the statement below Inde endent examiner'5 Statement In connection with my examinatiol). no matter has wme to my attention.. 11 which gives me reasonable cause to believe that in. any material Tespecl, the requirements to keep accounting records in accordance wrth sectKJn 130 of the Charrties Act", to prepare accounts which accord wrth the accounting record5 and comply wrth the accounting requirernent5 of the Charities Act have not been mel., or 21 to which, In my opin10n. attention shoultl be drawn in order lo enab￿ a proper understanding of the accounts lo be reached. Afari E Banwell FCCA Ephraman & Co Chartered Certified Accounlants 4 South Walk BR4 9JA 09 September 2024 FOUNTAIN OF LIFE CHURCH INTL Statement of Financial Affairs for the year ended 31 December 2023 Notes 2023 2022 Incoming Resources 73,322 77,534 Direct Charitable Expendilure {47.2791 147.4421 Gross surplus 26,043 30.092 Management & Admin1Stralion 128,6181 130,9571 Operating deficit 12.5751 18651 Interest payable (1,1791 14481 Deficit on ordinary activities 11,3131 Deficit for Ihe financial year 3,754 1,313 Funds brought forward 6.162 7.475 Total Funds 2.408 6,162 FOUNTAIN OF LIFE CHURCH INTL Balance Sheet as at 31 December 2023 Notes 2023 2022 Fixed assets Tangible assets 16.316 13,533 Current assets Debtors Cash al bank and In hand 12,845 2.714 15,559 13,120 5,255 18,375 Creditors- amounts falling due within one year (10.8911 16.4761 Net current assets 4,668 11,899 Total assets less current 20.984 25.432 Creditors: amounts fallin9 due after more than one year {18.576) 119.2701 Net assets 2,408 6,162 Funds FLJnds 2,408 6.162 Totsl funds 2.408 6,162 The directors are satisfied that the company is enlilled lo exemption from Ihe requirement lo obtain an audit undei section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance wlh section 476 of the Ael The directors &Kno￿e￿ge their responsibililies lor complying wth the requirements of the Companies Acl 2006 wth respect lo accounting r￿OrdS and the preparation of accounts. The accounts have been prepared In accordance wlh the provisions In Part 15 of the Companies Act 20￿ applicable to companies subject lo the small companies regime Rev S. Anning Director Approved by the board on 9 September 2024 FOUNTAIN OF LIFE CHURCH INTL Notes to the Accounts for the year ended 31 De¢emb•r 2023 1 Accounting policies 8a515 olpreparation ThÈ 3ccounls have been prepare(J htsiuic¥ cost ¢￿Vent￿ in wth the Financial Rewrting St•dard EnirtÉs iefF&rtNe 20151 Turnover Turnover re￿￿ents don*thS grfts to the church. Depreciatlon Deptecialiw has been provKknI * the fdkywing rates ￿ tyder to wrf(e Llf Ihe assets CNer ttr￿r eslimalecl u$elvl Ii¥&s Church EquiptrEnt Improvement lo pi(wty Furniture & FkttiThJs 21PA rwJwrvJ baknce 2￿ ra1uciry babr 20% r￿lUc￿ tsa[￿Ce 2 OperatiThJ surpl 2023 2022 Thts Is stal* after chargiThJ Deprec￿￿￿ of fix8d as*$ 4,079 3 Interest payable 2023 2022 Intere51 payab 1,179 4 Tangible fixed assets Church Improvement Eq￿PMe lo pr¢)perty Fumiture & Fittin95 Total Cost Al 1 Januafy 2023 Al 31 De¢emter 2023 33.459 38,6 10 186 10 186 3.620 5,251 47,265 54,127 Depreciatio Al 1 January 2023 Ch¥9e for the year At 31 De¢eMb￿ 2023 4.631 2,457 33.732 4079 37,811 2,409 29,053 5,742 3.016 Net book value AI 31 0￿￿￿1)er 2023 9.637 2.235 16.316 Al 31 OeceTnber 2022 6,815 5,555 13,533 S Dobtor5 2023 2022 OIFW debtors 12.845 13.120 FOU14TAIN OF LIFE CHURCH INTL Notes to Ihe A¢¢ounts lor the year ended 31 DeGembÈr 2023 6 Creditors.. amounts Izlliny wrthin year 2023 2022 Other taxes and sL￿oISecurrtY Costs Other Cl￿rtOrS 1,410 9,481 10.891 651 5.825 6.476 7 Creditors.. amounts lalling due after one year 2023 2022 Bank loan5 18.576 19,270 8 FuThJ8 2023 Deficit fu the year 13.7S41 Al 31 Decan￿ 2023 2408 FOUNTAIN OF LIFE CHURCH INTL Detailed statement of financial affairs for the year ended 31 Decembei 2023 2023 2022 Income 73,322 77,534 Direct Costs 147.2791 147.4421 Gross surplus 30.092 Adminislralive extenses {28.6181 130,9571 Operating deflcit {2,5751 Interest payable 11,1791 14481 Deficit 13,754 1.313 FOUNTAIN OF LIFE CHURCH INTL Schedule to Statement of Financial Affairs for the year ended 31 December 2023 2023 2022 Income Income 73.322 77,534 Direct Charitable Expenditure Minisliy Expense Rent & Rates and related Exp Light. Heal & Water Ministry Gifts & Honorafia Evangelism & Missions Church Welfare 7,164 31,200 750 4.210 1.200 2.755 47.279 7.424 31,200 45 2,965 4,080 1728 47.442 Management & Administration Employee costs Wages and salaries Employer's Nl 16.357 1.003 15,790 981 Premises costs.. Cleaning 150 150 654 654 General adminislralive expenses". Telephone and fax Stationery and printing Subscriptions & Royalties Bank charges Insurance Repairs and maintenan Depreciation 907 365 1.497 662 512 162 2.124 4.446 3.384 80 391 4.488 4.079 10,310 Legal and professional costs. Accountancy fees Other legal and professional 500 298 798 490 255 28.618 30,957