Registered number 1122903 FOUNTAIN OF LIFE CHURCH INTL Report and Accounts 31 December 2024
FOUNTAIN OF LIFE CHURCH INTL Report and accounts Contents Page Charity Information Trustees, report Independent Examiner's report statement of Financial Affalrs Balance sheet Notes to the accounts
FOUNTAIN OF LIFE CHURCH INTL Charity Information Trustees Rev. Henry Anning Vida Arthur Ms Victoria Osei Stephen Anning Edward Lawrence Anning Secretary Stephen Anning Accountants Ephraman & Co 4 South Walk West Wickham Kent BR4 9JA Registered Charity number 1122903
FOUNTAIN OF LIFE CHURCH INTL Registered number: 1122903 Trustees. Report The trustees present their report and accounts for the year ended 31 December 2024. 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 allleviation of poverty and helping the weak and vunerable in society., and involvement in mission work. Trustees The following persons served as trustees during the year: Rev. Henry Anning Vida Arthur Ms ViGtoria Osei Stephen Anning Edward Lawrence Anning This report was approved by the board on 25 September 2025 and signed on Its behalf. Rev, S, Anning Trustee
FOUNTAIN OF LIFE CHURCH INTL Independent Examiner's Report Independent Examiner's report to the trustees of Fountain of Life Inti We report on the Financial Statements for the year ended 31 December 2024 set out on pages 4t06. 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 Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the Charities Act, To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and To state whether particular matters have come to my attention Basis of Inde endent examiner's ststement My examination was carried out in aGGordanGe 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 records, It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceriiing 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. Inde endent examiner's statement In connectior with my examination, no matter has come to my attention.. 1) wh.ich gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act. to prepare accounts which accord with the accounting reGords and comply with the accounting requirements of the Charities Act 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. Afari E. Banwell FCCA Ephraman & Co Chartered Certified Accountants 4 South Walk BR4 9JA 25 September 2025
FOUNTAIN OF LIFE CHURCH INTL Statement of Financial Affairs for the year ended 31 December 2024 Notes 2024 2023 Incoming Resources 86,410 73,322 Direct Charitable Expenditure (44,899) (47,279} Gross surplus 41,511 26,043 Management & Administration {42,075) {28,618) Operating deficit {564) (2,575) Interest payable (433) (1,119) Deficit on ordinary activities (3 754) Dpficit for the financial year (997) (3,754) FL'n4o br8.Jght forward 2,408 6,162 Tot81 Funds 1,411 2,408
FOUNTAIN OF LIFE CHURCH INTL Balance Sheet as at 31 December 2024 Notes 2024 2023 Fixed assets Tangible assets 13,053 16,316 Current assets Debtors Cash at bank and in hand 12,845 1,692 14,537 12,845 2,714 15,559 Creditors: amounts falling due within one year 110,425) {10,891) Net current assets 4,112 4,668 Total assets less current Ilabll"Ities 17,165 20,984 Credltors: amounts falllng due after more than one year (15,754) (18,576) Net assets 1,411 2,408 Funds Funds 1,411 2,408 Totalifunds 1,411 2,408 The d'rectors are satisfied tt,at tfre company is entitled to exemption from the requirement to obtain an audit under section 477 of ihe Companles Act 2006. The membèrp have not required the company to obta;'n an audit in accordance with section 476 of the Act. The directors acknowledge their rép)PO.ISiblllties for complying with the requirements of the Coryanies Act 2006 with respect to accountlng records ano the preparatlon of accounts. The accounts have been prepared in aGGordance with provisions in Part 15 of the Companies Act 9006 applicable to companies subject to the small companies regime. Rev. S. Anniig Director Approved by the board on 25 September 2025
FOUNTAIN OF LIFE CHURCH INTL Notes to the Accounts for the yoar ended 31 December 2024 Accounting policies Bas15 of preparation The aGGounts have been prepared under the historical cost convention and in a¢¢ordanGe with the Financial Reporting Standard for Smaller Entities leffeclive January 20151. Tumover Turnover represents donations and gifts to Ihg church. Depreciation Depreclallon has been provided al the following rates In order to wrila off the assets over their eslimaled useful lives. Church Equlpment Improvement lo propety Fumiture & FIIUngs 200kn redu¢lng balanc• 20¥0 r8ducing balance 20 % r8ducing halance 2 Operatlng surplus 2024 2023 Thls Is slated after charging: Deprecl8llon of owned flxed assets 3,263 4,079 3 Intsrest payable 2024 2023 Interest payablè 433 1,179 4 Tanglblo flxod assets Church Improvgment Equlpment to propèrty Furnlture & Fittings Total Cost At1 January 2024 At 31 December 2024 38,690 38,690 10,186 10,186 5,251 5,251 54,127 54,127 Doprèciation At 1 January 2024 Charg8 for the year At 31 December 2024 29,053 1.927 30.980 5,742 889 3,016 447 37,811 3,263 41.074 6,831 3,483 Net book valuo At 310eGember 2024 7.710 3,555 1,788 13,053 At 31 December 2023 9,637 4,444 2,235 16.316 5 Dgbtors 2024 2023 Other debtors 12.845 12,845
FOUNTAIN OF LIFE CHURCH INTL Notes to the Accounts forthe year endad 31 December 2024 6 Creditors: amounts falling due within one year 2024 2023 other tsxes and social seouiity Gosts Other creditors 6,390 4,035 10,425 1,410 9,481 10,891 7 Creditors: amounts fa15ing due after one year 2024 2023 Bank loans 15,754 18,576 8 Funds 2024 Deficit for the year 19971 At 31 December 2024 1,411
FOUNTAIN OF LIFE CHURCH INTL Detailed statement of financial affairs for the year ended 31 December 2024 2024 2023 Income 86,410 73,322 Direct Costs {44,899) (47,279) Gross surplus 41,511 26,043 Administrative expenses (42,075) (28,618) Operating deficlt (564) (2,575} Interest payable (433) (1,179) Deficit (997) (3,754)
FOUNTAIN OF LIFE CHURCH INTL Schedule to Ststement of Financial Affairs for the year ended 31 December 2024 2024 2023 Income Income 86,410 73,322 Direct Charitable Expenditure Ministry Expense Rent & Rates and related Exp Light, Heat & Water Ministry Gifts & Honoraria Evangelism & Missions Church Welfare 3,781 26,000 2,250 7,067 1,250 4,551 44,899 7,164 31,200 750 4,210 1,200 2,755 47,279 Management & Administration Employee costs.. Wages and salaries Employerfs Nl 30,545 2,642 16,357 1,003 Premises costs.. Cleaning 452 452 150 150 General adminlstratlve expenses.. Telephone and fax stationery and printlng Bank charges Insurance Repairs and maintenance Depreciation 1,157 60 95 339 2,968 3,263 907 365 80 391 4,488 4,079 10,310 Legal 2nd professional costs.. Accountancy fees other legal and professional 535 500 298 798 535 42,075 28,618