Charity No. 1129414 UFE (llANGING MINISTRY IKfERNATIONAL LTD TRUSTEES REPORT AND FINANCIAL STATEMENTS YOR THzY£AR ENDED 8OTIi JUN£ 2024
Life Changing Ministry International Ltd CONTENTS Pages Adminislrative Information Trustees Report Independent Examiners, Report Statement of Financial Activities Slalemenl of Financial Position Notes lo the Accounts
Life Changing Ministry International Ltd Administrative nformation Chairperson Mrs Anne Ogunlade Other Trustees Mr Thompson Dugbo Mrs Pauline Dyer Mr Pelrus Mechese Ejegi Charity Registered Number 1129414 Registered Office 55 Cromwell Road Croydon CR02JZ Independent Examlner Enochs Financial servIs Ltd 15 Sl Joseph's Close London WI0 5GL Banker.. HSBC
Life Changing Ministry International Ltd Trustees Report for the year ended 30th June 2024 The Trustees of the Life Changing Ministry present their report and financial statements for the year ended 30th June 2024. The Iruslees have adopted the provision of the Slalemenl of Recommended Practice ISORPI"Accounling and Reporting by Charities issued on October 2000 in preparing the annual reFK)rl and financial slalemenl of the charity. Objectives The charitys, principal activity is the proclamation of the gospel ol Jesus Christ. 1 To advance the Chrislain doctrine {in accordance with the slalemenl of our beliefl in such part of the United Kingdom or the world as the tiustees from lime lo time think fil,, 2 To relieve sickness and financial hardship and lo promote and preserve good health by the provision ol funds, goods or services ol any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Iruslees from lime lo lime may think fil., 3 To advance education in such ways and in such parts of Ihe United Kingdom or the world as the Iruslees from lime lo lime may think lil., Organlsation Life Changing Ministry Iruslees who ware elected lo serve the church and run its affairs. Annually the Board reviews the range of skills il has available and uses ils power of co-oplion lo ensure the gaps are tilled. Risk and Internal Control The Trustees review Ihe main operational risks and actions lo manage or mitigate il accordingly. Review of transactions and flnanclal position Income Resources The total income of the organisalion for the year has been derived from ils principal activities wholly undertaken in the United Kingdom. During the year, income resources and gift received lotalled £28,695. The donations and gift received have been made available without reslriclion as lo ils useage. The Trustees are responsible for ensuring that proper books are maintained, safeguarding the assèts of the charity, and taking reasonable steps for the prevention and detection ol fraudand other Irregularities. The report has been prepared in accordance with the provisions applicable to companies subject lo the small companies regime as sel out in Parl 15 of the Companies Act 2006 and in accordance with Charities SORP IFRS 1021 This report was aproved by the trustees on and signed on thier behalf by.. Thompson Dugbo Trustee Anne O Trustee unlacle
Life Changing Ministry International Ltd Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 30 June 2024 I report on the financial slalemenls of the Charity for the year ended 30 June 2024. The Financial statement has been prepared in accordance with section 145 01 the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that i might slate lo the charity's Tiuslees those mallers l am required lo slate lo them in an independent examiner's report and for no other purpose. To the lullesl exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the charity and charity's Trustees as a body. for my examination work. Respective responsibilities of trustees and examiner The Charity's trustee who are also directors, are responsible for the preparation of the financial slalemenls. The trustees have acknowledged there responsibilities as slated on page 2 of the financial slalemenl and has taken advantage of the exemption applicable lo small companies. The Iruslees are satisfied that the audit requiremenl of Section 144121 of the Char11ies Act 2011 does not apply and that the accounts do not require an audit Having satisfied myself that the charily is not subject lo audit under company law, or otherwise, and is eligible for independent examination, il is My responsibility lo'.- al examine the accounts under Section 145 of Ihecharilies Act.. bl lo follow the procedures laid down in the General Directions given by the Charity Commission Section 14515llbl of the Charities Act", cl lo slate whether particular matters have come lo my allenlion. Basis of opinion and scope of work undertaken I conducted my examination in accordance with the General Directions given by Charity Commissioners for England & Wales selling out the duties of an independent examiner. 11 is rny responsibility to form an independent opinion as to the charity enlillemenl lo the èxemption claimed by the Iruslee. I have carried out the procedure we considered nècessary lo confirm whether or not the charity is enlilled lo the exemptions. I have compared the accounts with accounting records kept by the charity and making such limited enquiries ol the Iruslees of the charity, which I considered necessary for the purpose ol this report. These procedures provided only the assurance expres8ed by me lo the Iruslees and members of the committee. No opinion is given as lo whelher the accounts present a true and fair, view and the report is limiled lo those mallers sel out in the statement below. Independgnt Examiner's Statement In connection with my examination, no Maller has come lo my allenlion.. 11 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records inaccordance with section 130 of the Act", to prepare financial slalemenls which accord with the accounting records and comply with accounting requirements of the Act have not been met., or 2110 which , in my opinion, allenlion should be drawn in order lo enable a proper understanding of the financial slalemenls lo b reached. signed". Dated.. Enoch's Financial Services Ltd 15 st Joseph's Close London W10 5GL
Life Changing Ministry International Ltd Charity No. 1129414 STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th June 2024 Unrestricted Restricted Fund Fund 2024 2024 Total Fund 2024 2023 Notes Income Resources Offering, Thanksgiving & Tithes 19,145 19,145 49,825 Donations & Gift Aid 9,550 9,550 148,650 Total Income Resources 28,695 28,695 198.475 Resouces Expended Cost ol activities In furtherrances of charitys. objectives Management & Administration of charity 21,755 7,305 21,755 7,305 124,305 64,377 Total Income Expended 29,060 29,060 188,682 Nel Income Ioutgoingl Resources Nel Movement in Fund Fund Balance BIF Adjustment -365 -365 9,793 66,392 876 67,268 57,475 Fund Balance CIF 876
Life Changing Ministry International Ltd Charity No. 1129414 STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2024 Unrestricted Restricted Total 2024 2024 2024 2023 Notes FIXED ASSETS Tangible Assets 32,586 12,470 45,056 53,926 CURRENT ASSETS Building Fund Debtors CashlBank 1,315 1,315 6,035 4,175 11,525 12,685 6,645 90,997 110.327 6,035 4,175 10,210 1,315 CREDITORS Amount due within one year 1,140 1,140 1,985 NET CURRENT ASSETS 9,070 1,315 10,385 108,342 TOTAL ASSETS LESS CURRENT LIABILITIES 41,656 13,785 55,441 162,268 CREDITORS Amount falling due more than one year 40,000 20.000 60,000 95,000 TOTAL NET ASSETS Charity Funds Unrestricted General Funds Nel Income lor Ihe Year Adjustment TOTAL FUNDS -4,194 -365 4,194 -365 57,475 9,793 Signed on behalf of all trustees. Anne Oguntade Trustee Dale.. o q 2•1< s- Thompson Dugbo Trustee Dale.. Clq
Life Changing Ministry International Ltd NOTES TO THE ACCOUNTS for the year ended 30th June 2024 Accounting Polieles Basis of Preparation The accounts have been prepared in accordane with 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 IFRS 1021 leffeclive1January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Incoming Resources Incomes are mainly fiom grants and Sundry incomes received and included in the financial statement when received. This incoming resources represents money income for the reporting period Resources Expended All expenditures are accounted for on accruals basis and have been classified under headings that aggregate all costs related lo the category. The charity expenditures represents Ihe amount expended by the church in the current reporting period ended 30th June 2024. Taxation As a charity, the charitable funds are exempt from corporation lax bul not from VAT. Recoverable VAT is in accordance with standard accounting practice, included in the cost of those items lo which it relates. Depreciation Depreciation has been provided al the following rates on a reducing balance methods. 15/. Church Office, Fixtures and Fillings Equipment Furnitures & Computers Motor Vehiole 15°/. 150/0 Opèrating Profit 2024 2023 This is slated after charging.. Depreciation of owned fixed assets 365
Life Changing Ministry International Ltd NOTES TO THE ACCOUNTS (CONTINUED} for the year ended 30th June 2024 Flxed assets Offlce Furniture Fittings & Fixture Total Equipment Cost As Al 1 July 2023 Addition Ouring the Year Disposallwrillen off AI 30 June 2024 52,850 26,945 29,517 109,312 52,850 26 945 29,517 109,312 Depreciation As Al 1 July 2023 Charge for the year Disposallwritlen off AI 30 June 2024 15,504 4,760 17.313 2,105 22,569 2,005 55,386 8,870 20,264 19,418 24.574 64,256 Net Book Value AI 30 June 2024 45 056 At 30 June 2023 53 926 All fixed assets are used for direct charitable purposes. Credltors Amount falling due wlthin one year 2024 2023 Other Creditors. Accountancy fees Creditors Amount falling due more than one year 2024 2023 Building Contractors - Building Works and Loan 60 000 95 000
Life Changing Ministry International Ltd NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 30th June 2024 Detailed Income and Expenditure Account for the year to 30 June 2024 Unrestricted Restricted Total 6.1 Income and Resources Incoming from offering, lilhes, building & other 19,145 19,145 Gill Aid Total Incoming Resources 9550 28.695 9,550 28,695 OUTGOINGS 6.2 Costs of aetlvities in furtherance of the charities objects- Church Rent and Rates 14,555 Spiritual items 625 Sundries 140 Charitable donation and Gill 300 Anniversary 2,255 Music and Enlerlainmenl 2,000 Christmas Party 250 Renovation & Maintenance 1,650 14,555 625 140 300 2,255 2,000 250 6.3 Managemant and Administrative of charity: Depreciation Slalionery Telephone Postage Bank Charges Accounting lee Repairs and Renewals Professional and Consultancies fees Transportation 615 595 485 185 30D 2,115 1,500 1,510 615 595 485 185 300 2,115 1,500 1,510 Cash & Bank Balances Cash al bank 4,175 Church Assets Schedule 2024 2023 Equipment 32,586 37,346 Fixtures & Fittings 4,943 6,948 Furnitures 7,527 9,632