Charlty Number: 1128570 ABUNDANTE VIDA CHURCH TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/DECEMBER12024
ABUNDANTE VIDA CHURCH CONTENTS Page Legal and administrative infomiation Trust088 report Independent Examinerfs Report Statement of financlal activities Balance Sheet Notss to the financial statsments
ABUNDANTE VIDA CHURCH CHARITY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2024 TRUSTEES: Mrs. Cloidlrene Faiole Mr. Vttor Codea Dlas Mr. Emerson Goncalves REGISTERED OFFICE: 80 Lavender Avenue London NW9 8HE CHARITY NUMBER: 1128570 ACCOUNTANTS: Metodo Consultancy Ltd 13 St. Swithln'• Lane. Room 2 London EC4N 8AL
Trustees" report for the year ended 31 •t December 2024 The tru8tees present their annual rewt and financial statements for the year ended 3141 December 2024. The trustees have adopted the provisions of the Statement Practi Accounting and Reporting by Charities issued in March 2005 in preparing the annual rep¢)rt and financial Statement of the tharity. Tho objects of the charlty are: 1. To advance the Christian faith for the publiG benefft in Such ways and in such parts of the United Kingdom as the trustees from time to time may think fft 2.To relieve sickness and financial hardship and to promote and preserve good heatth by the provision of funds, goods or ServIS of any kind, including through the provision of counselling and support in such parts of the United Kingdom as the trustees from time to time think fi(. and 3. To advance education for the public benefft in such ways and in Such parts of the United Kingdom as the trustees from time to time may think fit. The trusteea meet regularly to manage the charity affairs. The chaiity ha8 many volunteern during the year. Developm( actlvlties and achlevomonts The organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian fatth. The organisation held several conferences during the year in which individuals came from all arourKI the country to attend. This has produced good results in reaching and helping members of the communty. Transactlorffj and flnanclal posltlon The statement of financial acbvities shows a net profft of £68. Flxed Assets Detailed of movements in the tangible assets u88d by the Charity are sat out in the note 8 to the accounts. Fund avallable The present level of fvnding is adequate to support the continuation of the charity principal activities now in operation for the medium tem, and the trustees Gonsider the financial positK)n of the charity to be satisfactory. Rlsk Managemont The trustees activety review the major risks vthich the charity faces on a regular basis and believe that maintsining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced ty the charity and confirm that they have established systems to mitigate the significant risks.
Trustees- report for the year ended 31st December 2024 Charity law requires the trustee8 to prepare the financial statements for each finandal year with give a true and fair view of the state of affairs of the charity at the year end and its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistenty," Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements- and Prepare the flnanclal ststements on the gng concem basls unless it Is approprlate to presume that the chaiity 11 continue in business. The trustees are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any lime the financial position of the charty and enable them to ensure that the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the chanty and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Independent Examination A resolution proposing Ihat Paulo Veronese to be appointsd as independent examiner will bo put to the Annual General Meeting. This report was approved by the trustees on 20102r2025 and signed on Its behalf by Mrs. Cleidirene Faiole Trustee Dias Mr.E son Goncalves Trustee Trustee 2010212025 2010212025 2010212025
Independent Examiner's Report To the trustees Abundants Vida Church I report on the accounts of the church for the year ended 31 ST December 2024 Set out on the following pages which have been prepared based on the accounting policie3 shown in the correspondlng pages. Respective responsibilities of trustees arKI examiner The trustees of the church are responsible for the preparalion of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act), does not apply. It is my responsibility to: Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 431nib) of the Act 1993 Act. State whether particular matters have come to my attention. Basis of Independent examinerfs report My examination was carried out in accordance with the general Directions gNen by the Charity Commissioners. An examlnatlon Includes a revlew of the accounting records kept by the church and a compartson of the accounts presented with those records. It also includes consideration of the unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matter8. The procedures undertaken do not provide all the evidence that t)Uld be required in an audi( and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs Statement Based on my examination, no matters has come to my attention which gives me reasonable cause to believe that in any material respect, accountlng records have not been kept in accordance with section 41 of the 1993 Act, or that the accounts presented do not accord with those records, or comply with the accounting requirement of the 1993 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper underststing of aCcnts to be reached. Paulo Veronese CPAA 2010212025
Statsn•nt of Flnanclal ktivili•• for the >•ar ended 318t Doconknr 20 2023 fund• Inconlng resource8 Inconxng r080ur¢e8 from g•nerat•d funds Voiuntsry irKome Grft AK Bank Interest 166.385 11,409 18 166.385 11. 141,155 18 Incomlng re8our¢•8 from charltable actfvttkns othor Inconlng rn•ourc•glGrant• 141161 141161 Re8ourc•8 expended Costs of Genornting Fund• Cost of Actsifjts8 Cost of generatirvJ funds hSIm Managnent costs Charltsbl• actlvlllo8 4-7 177.745 177.745 150.013 Support ¢o•t 177,745 1TI.745 150.013 Gross tran8fors betrAon fund8 Net incomlnty(outwng) resources bth othff recognisedgalns/(losses) Othor rocognl8od galn81(108•0•1 Gairs arKJ k)ss8s on inv8strna)t assets 8,852 42,087 50,939 Total fund• brought forward
ABuNDA[E VIDA CHURCH Balance Sheet as at 31st Decenknr 2024 Unre8tr1cted fund¥ 2024 2023 Flxed assets Tangible as86ts Current a88et8 Debtorn Cash at bank and In hand Total current assets 992 7,571 8,563 4,099 4,099 Creditor8: amunts falllng due thln one year 10 Net current assets/(11.11) Creditorn: anUnts falllng duo after one year 54,970 54.970 58.511 50.871 50.871 49,948 Fund8 of tho Charlty Unr88trictsd funds Rostrictsd Incon funds EndovThnt funds Total funds 50,871 50,871 49,948 Slgned by one or Iwo trustees on l*haf of all the trustees ignattKe Date of apwoval 5 Cleldtrfft Fae
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2024 1. Accounting Convention The financial statements are prepared under the historical cost Conventi and follow the recommendations in ' Accounting and Reporting by Charities: Statement of Recommended Practice" issued in March 2005 (SORP 2005) and the Charities Act 2006. The charity has taken advantage of the exemptÉon in FRS01 from the requirement to produce a cash flow statement because it is a small charity. 2. Accountlng pollcles Recognltlon of Incomlng rnsources These are included in the Statement of Firkqncial Activities (Sofa) when: The charity becomes entitled to the resources: The trustees are virtualty certain they will receive the resources; and The Monetary value can be measured Mth sufficient reliability. Incomlng re8ourc88 wlth rnlated exp6nditur• here incoming resources have related expenditure (as with fundraising or contract irthme) the incoming resources and related expenditure are reported gross in the Sofa. Grants and donatlons Grants and donations are only included in the Sofa when the charity has unconditional entitlement to the sources. Tax reclaims on donations and glfts Incoming resources from tax reclaims are included in the Sofa at the &ame time as the gift to which they relate. Gifts In klnd Gifts in kind are accounted for at a asonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only vthen sold or distributed by the Gharity. Gifts in kind for use by the charity are included in the Sofa as incoming resources Nthen receivable. Investment Income This is included in the accounts when receivable. Liablllty recognition Liabilities a recognised as soon as there is a tegal or constructive obligation committing the tharity to pay out resources. Govomance costs Costs of the preparation and examination of statutory accounts. the costs of trustee meetings and cost of any legal advice to trustees on govemance or Constitution matters.
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 319t DECEMBER 2024 Grants v41th porfomianco condltions ere the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the Sofa once the recipient of the grant has provided the specified service or output. Grants payable vthout porforniance condftions These a only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the chafity. Support Costs Support costs include central fijnctions and have been allocated to activity cost categories on a basls consistent with the use of resources, e.g. allocating property costs by tloor areas. or per capita. staff costs by the time spent and other costs by their usage. Investments Investments qLted on a recogniaed stock exchange are valued at market value at the year end. Other invesbnent assets are included at trustees. best estimate of market value. 3. Analysls of Incomlng resourc0• 2024 Voluntary Incomo aly818 Church & Collecti rrthes & Offerings Gift Axl krterest rec 2023 166,385 11,409 18 141,155 Total 177,812 141,161 10
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 7. Anatysis of resources expondod AnalYS 2024 2023 Cost of Actlvlties Accounting and Consultancy Artising Bank charges Charitable expenditure Business rate Donations Fuel Insurance Maintenance Heat and light Nl Employer Offering Other expenses Equipments Postage Premises Expenses Professional fees Rent Rent of Building Entertainment Salary Seminars Meals Stationery Subscriptions Sundry expenses Training Telephone Parking Tralel 4,081 893 273 16,866 3,717 146 267 14,058 1,390 4,244 463 3,030 59 3.050 3,500 2,206 7,693 72,041 98,602 39,012 873 39,012 510 1,028 931 321 3.149 735 Totsl 177,745 150,013 11
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31ST DECEMBER 2024 8. Tangible Assets There were no tangible assets as at 31 It Debember 2024 9. Debtors There were no debtors as at 3111 December 2024 10-11. Credltors Amourrtsfalllng duo aftor more than ono year 2024 2023 Loans and overdral 14.389 25.345 Trade credltors 40,581 33.166 Amounts to wb8ldlary and a8wciated underlaklngs Other credltorn Accruals and deferrnd Income Total 54,970 58.511 12
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 12. Movement of funds und balances brought forrd Fund balances carrled I0rd Inconlng Outgoing re8ourcas Galns and 108888 Tran•fors Fund naThs Unrestricted funds Totsl Funds - 50,939 50,939 177,812 177,812 177,745 177,745 50,871 50,871 13. Employ 2024 2023 Gross wages, salarf88 and beneflts In klnd Erry>loyerfs Natlonal Insurance costs Pension costs 39.012 39.012 Total staff Msts 39.012 39,012 Average nunJer of fu1141n* oqulvalent erry)lOes In the y8ar The parts of the charlty in vknlch the enyloy868 Irk 2024 Nuntsr 2023 Nunknr Total 14. Trustses Expenses There were no trustees, expenses paid by Abundante Vida Church as at 31" Dccenber 2024 15. Fees for examlnatlon or audlt the accounts No fees for eMination of audit the accounts were paid as at 31° Decenber 2024 16. Grantlng There were no grants made at 31st Denbff 2024
ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Dear Sirs. We confirm the following infomiation in Connection with the financial statements for the year ended 31 st December 2024 is, to the best of our knowledge and belief, true and fair. bearing in mind the requirements of the Charities Aci 1993. General To the best of our knowledge and belief, all transactions undertaken by the charity have been properfy recorded in the accounting reGords, and these financial statements, along with all relevant records, have been provided to you for review. 2. Accounting Pollcles The accounling polides applied in the preparation of the finanaal statements are consistent with those adopted in the previous financial year. Statement of Flnanclal Aetlvlties Except as disclosed in the finanual statements, the results for the year were not matsrially affected by: Transactions of a nature not typicalty undertaken by the charlty, Circumstances of an exceptional or rn-recurrent na. Charges or credits lating to prior periods. or Any change in the basis of accounting. Any expenditure included in the financial statements, where receipts or vouchers were not available, was properly made in connection with the carrying on of the Gharity's business. unless specifically notified as being of a private nature. Fixed Assets (£0.00) The charity holds satisfactory title to all fixed assets irlUded in the financlal statements. The fixed assets to vthich the charity holds satisfactory title are induded in the financial statements. All amunts of expenditure capitalized in respect of fixed assets represent expenditure incurred in acquiring or improving assets. No expenditure has been of a revenue nature. 5. Debtorn At 31 st December 2024. there were no debtors. 6. Other Current Assets (£4,099) In our opinion, other current assets are expected to be realized in the ordinary course of business for at least the amounts at which they are stated in the Charity's Balance SheeL Llabllltles (£54,970) All known liabilities material to the firncIal Posion at 31st December 2024 have been disclosed in the financial statements. 14
Capltal Commitments At 31st December 2024, there there no capital expenditure commitrnents. 9. Contlngont Liabilitle8 No contingent liabilities existed as at 31 st December 2024. 10. Post Balance Sheet Evonts No events have occurred betb%Een 31 st December 2024 and the date of this letter that could materfally affect the financial statements. 11. Trdnsactlon8 wlth Tn88 All transactions with trustees for the year ended 31 st December 2024 are shown in the accounts. 12. Other Related Party TransaGtlons There vrne no olher related party transactions during Ihe year ended 31 st December 2024. 13. Going Concern In our opinion, the charity will have adequate resources available to finance its trading and other obligations during the 12 months follcming the date of this letter. 14. Law and Rogulatlons We confimi that the charity has complied with all relevant laws and regulations during the year under extemal examination. We have made available al necessary relevant informatton for external examination purposes. Yours faithfulty e Faiole Trustee Date 20102r2025 15