Charity Number: 1136299 Life Church London Financial Statements For the Year Ended 31 March 2024 Augusths & Co Chartered Certified Accountants
Life Church London Index Contents Lkgal and Administrative Details Trustees Report Independent Examin¢es Report Statcmcnt of Financial Activities Balanc¢ Sheet I(12 Notes to Accounts
Life Cbureh LL)ndon al and Administrative Detsils Trustees Mrs Maria Stroud Mr Vladimir Strinatko Rev Juan Buenaventtira Bankers HSBC 74 High Street Barkingside Ilfort IG6 2DN Ind¢pend¢nt Examiner A A Boafo-Brewu FCCA MBA Chartered Certified Accountant 374 Ley Street Ilford Essex IGI 4AE Registered Address 188 KDTower Cotterells Hemel Hempst¢ad HP I IAU Charity Number: I l36299
Life Churcb London Report of the Truste0% The trustees submit their annual rewrt together with the fllLancial statements for the year ended 31 March 2024. The financial stat¢ments have been prepared in accordance with the accoiinting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Prncti¢¢ applicable to charities preparing their accounts in accordance with thc Financial Rertillg Standard applicable in the UK and Republic of Ireland published on 16107114. Governing Document Trust deed dated 18 July 2009. Registered as a charity on l O June 2010. Objeetives Life Church London is an independent. non-denominational Cbristian Church who prcscnts and teaches the gospel of Jesus Christ. Life Church objectives are: To advance the Christian religion for the benefit of the public ID accoTdanc¢ with the Gospel of Jesus Cl]rist. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit. To provid¢ humanitarian aid to the needy. To lead willing people to the Church of Jesus Christ To help Christ loving people to grow as mature Cl]ristians Review of Activities The financial posttion of the organisation at th¢ end of th¢ financial year is as detailed in the attached financial statements. The charity received income of £63.076 during the year. Trustees The following served as tnL8lees during the year. Mrs Maria Stroud Mr Vladimir Strinatko Rev Juan Buenaventura Trustee Selection Method Trnstees arc appointed by resolution of the existing trust¢e IxKfy.
Life Church London Activities and Achievements During the Year Christian Worship Service5 Life Church London continued to hold weekly worship servtcts ai Cumberland School. Plaistow, E&st London up until the end of August 2023. From September month we were forced to relocate our worship services due to our existing venue no longer being available for use. Life Church London started holding services at School 21, Stratfor(L East knndon and continued to do so for the remainder of FY2023-2024. These services, which provide spiritual teaching and community suppoQ have seen a gradual increase in weekly attendance. As per our church culture we continued to provide refreslunents to foster a welcoming environment. particularty for families with cbildren. House Groups House Groups are a vital part of the church's support network. To enhance community engagemen¢ the in- person house group nteetings became more regular. in particular our East London and West London gatherings. The weekly online meetings also remairned an important activity. offering members spiritual and social support at Ibe comfort of their home. Youth Ministry Life Church London's youth ministy mawntained a robust online PTesence, with weekly online meetings that offered a safe space for young p¢ople to connect and grow ID their faith. The youth also enjoyed variolls in- person activities, including bowling and outinJ. which provided opportunitie5 for fun and fellowship. Prayer Group The Prayer Group met every Thursday online. providing spirittml encouragement and a plarforni for members to support one another throuJ prayer. Overseas Mission and Activities The charity continued its supEx)rt of Lrfe ChUb Philippines, Conthuting to severaI misslon initiatives such as: Lifecare Project LI.K.S.l.: From June 2023 onwart this initiative aims to end malnutritioll and huntser in LimiDangcong and BucanA Palawan. Philippincs. Medical Missions: In May 2023. Life Church London supported a 9-day LifeCare'Alay Buhay, Medical Mission and Evangelistic Nights across PalawwL Philippines, providing healthcare services and spiritual support to underserved communities. Veg4Kids.' Frotn Mab 2022 Ottwd$, 'GulayaJ) ni MinaD' a food-growing initiative, providino organic and nutritious meals for children in Palawa Pbilippine5. Donations covered farniing costs such as sced, equipmenL and volunteer support. Additionalty, Life Church London supported Life Chwch Mindanao in its efforts to a&sist disadvantaoed families. Local Outreach The church once again Organized food pack distributions for local residents in Plaistow are4 helpino to meet llnmediate needs and build relationships within the community. This initiative cuhninared in a ChristD celebration.
IAfe Church IA)ndon Achievements And Perforniance As rn¢ntioned in the previous section, Life Church London overcame significant challenges associated with the loss of existing venue. to reslune in-peT50n gatherity for worship services. Main challenge was the discovery and securing of alternative premises. Unfortunately. none of the available premises prnvided on-site storage facilities for church's equipment and an off-site storage facility had to be secured. School 21 in Strdtford was evenlually selected as the ncw venue" however. rar Ewking spaces were very limited. Although impacted by the venue ¢hauoe& Life Church LoDdon continued to foc on spiritual growth and volunteer development ¢ftYorts. Tbere were several mentoring and training events throughout the year, worth special mention is the 'ShimtDer Woll)en's Conference, and the 'Brdveheart Men's Conference,. The church also held its annual summer Camp in May 21Y23, where participants enjoyed different tea4)Ulld1llg acttvities. The clTity has begun exploring posSik locations for outreach missions within U The charity continued its support of local and international missions. The initiatives and pro.¢YamJnes mentioned 'ActiYities and AclLievemcnts' section, enabled Life Church London to supp)rt and positivety itnpact several communities. How Our Activities Deliver Publie Benefit Our main activities and WI we ty to help arc as dcscribcd in our objectives. All OUT chaTitsble activities focus on these objectives to fiber our charitable purposes for the public benefiL Reserves Policy Wc a confident that th¢ wojected ongoing funding will be adequate to support charity's activities in the fosee&ble medium terni and that our operating costs will be met. During summer of 2021 we transitioned to in-person gatherings. which incurred larg¢ initial expenses and new on-going expenses, however. we made sure that we can meet these and continue in the charity's activities At 31 March 2024 there was free unrestricted reserves of £28.682 and this will be used to support the charity's future actÈviti¢s. ExpeDditure The charity's expenditure was primarily directed towards the operation of its ministries, including worship services, outreach activitie4 and support for international missions. Risk management The trustees have a duty to identify and TCVICW the risks ts) which the charity is exposed and to ensure appropriate controls are in place to pmvide reasonable assurance against fraud and etror.
Life Church ndOll Plans for the Future Looking ahead, Life Cburch London plans to.. Continue expanding its in-person gatherings across the IA)nth)n ar with a f(Kus on establishing an outreach in a different area of London or other cities. Explore opportsmities to secure a peTmancnt prefftises within 1-2 years to enhance its operational effectiveness and support fiwther growth. Continue its international mission wort 5UPPrting LRfe Chh Philippines a[ other outreach initiatives. The charity rernain5 comtDitted to its core objectives and is optimistic about its ability to deliver publtc benefit in the coming y¢ar. Slatement of Trnstees, Responsibilities The trustees arc responsible for preparing the Trust. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pwti¢¢). The law applicable to charities in England & Wales requires th¢ trustees to prepare fanCIal statements for each fuLanciaI year which give a true and fair view of the state of affairs of th¢ charity and of the incoming resources and application of rcsourccs of the charity for that period. Itt preparing these fmancial statements, the trustees are required to: 2) select suitable accounting licIeS and apply them consistently: b) observe the methods and principles in the Charities SORP. c) make judgtnents and estimates that are re&sonable and prudent. d) state whether applicable accounting Standards have been followe subject to any material departures disclosed and explained in the financial statements. e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue ID 0ratIOn The tn¢S are responsible for keeping sufficient accounting records that disclose with re&sonable accuracy at any time thc fAnancial position of the charity and enable them to ensure that the financial statements comply with the Chartti¢s Act 2011. thc applicable Charities (Accounts and Reports) Regulations and the provisions of the trnst deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitics. The ttvste¢s are responsible for the maintenanc¢ and integrity of the charity and financial inforniation included on the charity's website. lkgislation in the United Kingdom governing the preparation and dissemination of financial statements may differ fiDm legislation in other jurisdictions.
IAfe Church L4)Ddon IBdepelldellt Examiuer orgaoisation's accoujts in the following year. lleelarnllon I declare. in my ¢apacity ofcharity Intste¢, tlwtr. th¢ tivstees hav¢ approved the report abovA and have authori me to sign on their PosAllon: TnJst¢e DAttyl: 27 January 2025
Life Church Indn Independent Examiner's Report to the Trllste of Life Church London I report to the INstees on my examination of the financial statements of Life Church London ('the charity,) for the year ended 31 March 2Lf24 which comprise the Statement of Financial Activities. the Balance Sheet and related notes. This re)rt is made solely lo the charity's trustee4 as a kndy. in accordance with section 145 of the Charities Act 2011. My work h&s been un(krtaken w that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent perniitted by kw. I do not accept or a&sume restx)nsil)ility to anyone other than the charlty and the chaTity'S IneeS as a body. for my work, for this r¢poT( or for the opinions I have fornied. Responsibllities and basis of report As the trustees of charity you are responsible for the Preparation of the fuclaI statements in aordanCe with the requiments of the Charities Act 201 I ('th¢ Act,). I report in respect of my examination of the charity's financial ststements carried out under section 145 of the Charities Act 2011 ('the 201 l Act'} and tn carying out my examination I have followed all the applicabl¢ Dircctiolls given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does n(rt involvc gathering all the evidence that would b¢ required in an audit and consequently does not cover all the matters that an auditor considers in giving thcir opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent eLnIllatiOn can provide. Consequentty l express no opinion as to whether the financial statcments present a 'true and fair. view and my report is limited to those specific matters set out in the independent eniner'S statement. Independent examinees statement If the charity's gross incomc exceeded £250.000 your ekgminer must be a member of a body list in section 145 of the 2011 Act. Your income for the year was b¢low this amount. I confum l am a member of ACCA which is one of the listed b(xlies. I have completed my examination. I confmn that no material matters have come to my attention in CO[ection with the examination giving rne caus¢ to bclicvc that in any material respect: accounting records were not kept in respect of the charity as TqUiTed by section 130 of the
the financial statements do not accord with those records. or the financial ststements do not comply with the oUnting rUIrementS concerning the forni and content of the accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounts give a 'true and fair view ivhich is not a matter considered as part of an independent examination. I have no concerns and bave come across no other matters in connection with the examination to which attention should be drawn in tbis report in ordeT to enable a proper Understandin of the financial stst¢ments to be reache(L A A Boafo - Brewu FCCA MBA Augustus & Co 374 t£y Street Ilford Essex IGI 4AE Dated: IfJanuary 2025
Life Church London Statement of Flnanclal Athilies Year Ended 31 March 2024 Note UNestsicted Restricted Total 2024 Total 2023 Incoming Resources Incomlng resources from generated funds Voluntary income: donations Bank interestr received Total Incoming Resources 62.915 161 63.076 62.915 161 63,076 47,267 23 47,290 Resources Expended Cost of generallng funds Cost of generating voluntary income Total Re50urce5 Expended 62.727 62.727 62,727 62.727 46.355 46,355 Net Movements in funds 349 349 935 Funds brought folard al 01104r2023 28.634 28,634 27,699 Funds carried forward at 31103r2024 28.983 28.983 28,634 The noles on pages 10 to 12 foNn part of financial st31ements.
Life Church London Balancg Sheet at 31 March 2024 Note 2024 2023 Tangible Assets 301 718 Current Assets Cash at bank and In hand Debtors 29,716 30.482 29.716 Credlt¢rs: Amounts falllng duo wlthln one year Net currant assots 28.682 27.916 Total assets less rrent fHlxfftr 28.634 Nat a888ts 28.983 28.634 Represented by: 10 28.983 2&983 28.634 Tha financtal statements appro1 ty the trust88s on 27 225 arKI svJned on its behalf br. blr Vladlmlr Strfnatko
Lrfe Church London Notes To Accounts Yoar Ended 31 March 2024 1. 1. Accountlng convention The fancial slatements have been prepared under the historical cost convention with items recogDised at Cost or transaction value Unl otherwise ststcd ill the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statetnent of Reconunended Prdctice: Accounting and Reporting by Charities preparing tbeir accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK attd Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Cliarities Act 2011. 1. 2. Incoming Resources Donations relate to amounts receivable during the year. 1.3. Capital Grants Grants towards capital expenditure are credited to a deferred capital grant and released to Income and Expenditure account over the expected lives of the assets. The amount released equals the depreciation charge. 1.4 Restricted Funds Rstricted funds are to be used for specific purposes as decided by the trustees. Expenditure which meets this criteria is charged to Ihe fund. 1.5 Unrestricted Funds Unrestricted funds are donations and other incoming sourceS r[Vable or generated for the objects of the charity without futher specified purp)ses and are available as general funds. 2. Trustees The trustees received no remuneration for their services. 3. Voluntary Income Unrestricted Restrided Total Total 2024 2023 HMRC Gift Aid Other income Tithes and Offering Total Incoming Resources 7,485 55.430 62,915 7.485 55.430 62.915 3,393 43,874 47,267 10
Llfe Church London Notes to Accounts Year Ended 31 March 2024 4. Cost of generatlng voluntary Income Un-restricted Restricted Fund Fund Total 2024 T¢lal 2023 Love Gifts and Donations Rentsl and Hall Hire Mission. Training and Summer Catnp Worship. Music and Media Expenses Evangelism and Hospitality Expenses utilth.es Transportation and Travel Expenses Supplies and Materials Insurance Sundry Expenses Pety Cash written off Govemance cost (per note 5) Depreciation on Fumiture and Equipment 8.224 20.292 8.224 20.292 5,354 5.913 8.023 122 9.916 3,285 218 6.818 12,000 6,004 9,371 4.335 5,913 8,023 122 9.918 3.285 218 1,513 2,423 218 196 2.059 1.003 417 46,355 963 417 62.727 963 417 62,727 S. Governanc8 Cost Un-restricted Restricied Fu1 Fund Totsl 2024 Total 2023 Bank Charges Independent Examinerfs Fees 63 900 83 900 963 103 900 1,003 6. Staff Costs 2024 2023 Salaries Employerfs National Insurance No employee eamed in excess of £60.000 Average number of employees 11
Life Church London Notes To Accounts Year Ended 31 March 2024 7. Fixed Assets Furniture Fixtures & Equipment Motor Vehide Total Cost At 1 April 2023 Addition Disposal At 31 March 2024 3.432 3.432 3,432 3.432 Depreciation At 1 April 2023 Charge for the year Disposal At 31 March 2024 2.714 417 2.714 417 3,131 3,131 Net Book Value" At 31 March 2024 At 31 March 2023 301 1,135 301 1.135 8. Debtors 2024 2023 Paye and Nl 9. Creditors: Amounts falling due within one year 2024 2023 Accruals 1.800 1.800 1.800 1.800 10. Analysis of net assets between funds Fixed Assets Total Current Unrestricted Funds 28.682 28,682 718 718 29.400 29.400 11. Trustees remuneration and key management personnel The trustees do not re1ve any MUneratIon for their seNIS. The trustees are considered as key management personnel. 12