Co.Reg.No.04767927 LIFE CHANGING INTERNATIONAL MINISTRY (A Company Limitcd by GuaraDtee) Director5, Report and FAnaneial Statements for the year ended 31 May 2024 S. A. Akwafo & Co. Chartered Certified Accountants 07845538130
Llff CHANGING IiYfEILPrfATIONAL MINISTRY Financial Statements for the year ended 31 hlay 2024 Contents Page Organisatrion Details Directors Report Accountants, Report Statement of Financial .4ctivztses Balance Sheet 516 Notes to FRnaneial Statements 7/8
LIFE CHA)L"GIl'G y[ERFlATIOI AL MtNISTRY FINANCIAL STATEMENr for the )'ear ended 31 Ma), 2024 Organisation Details Directors ReTr. E. Maiyaki Dr. ClaNtton Thompson Secretary Ms Angela Clement Company Number 04767927 Registered oifice ion Business Centre Unit i Surrey Canal Road London SE14 5RT Accountants S. A. Akwafo & Co. Chartered Certified Accountants 25 Austen Close London SE28 8AY Bankers Barclays Bank PIC 819 Victory Parade Plunistead Road IA)ndon SEI 8 6FL
Page 2 LIFE CHANGING INTERIYATIONAL MINISTRY. Directors, Report for the year ended 31 May 2024 The Directors present herewith their report together with the financial statements for the year ended 31 May 2024. l. Principal Activity Life Changing Int. Ministy is a Private Company limited by guarantee. The obiects are: A) To promote the gospel of Jes Cbrist throughout the UK and Africa B) To promote, organise, conduct and participate in evangelical and Christian services, programmes and meetings in places of w0h1p 2. Directors, Responsibilities Company law requires the directors to prepare financial slatements for each fmancial year which give a true and fair view of the state of affai of the company and of the profit or loss of the companj for that year. In preparing these, the directors are required to: select suitable accounting policies and apply them consistently. make judg¢m¢nts and estinteS that are rSonable and prudent" prepare the fu1¢la1 statements on a going concern basis unless it is Ènappropriate to presume that the company will continue in business. The directors who served the company throughout the year were as follows: Rev. Emmanuel Maiyaki Dr Clayton Thompson This report has been prepared in accoTdance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on behalf of the board of directors Ms Angela M-clement Secretary Date approved by the board: ?151 2olS-
LIFF. CHANGING INTERNATIONAL MINISTRY ACCOUNTANTS REPORT ON THE UNAUDtTED FtNANCIAL STATEMENTS TO THE DIRECTORS OF LIFE CHANGING IwfERNATIONAL MINISTRY FOR THE YEAR ENDED 31 MAY 2024 InA accordance to the engagement letter gii'en to us, and in order to wist you to fulfil your duties under the Companies Act 2006, we hal'e compiled the f]nancial statements of the company which cotnprises the Profit and I$S AccotsnL the Balance Sheet and the related notes from the accounting records and inforniation and explanations j.ou given to us. The rq)ort is rn1¢ to the TnLStees Oi 'the company &8 a body, in aCCordde with the ternis of our engagem¢nt. Our woik has been undeiaken so that i%'e might compilc the financial statements that have been engaged to compilc. Teport to th¢ TnteeS that we have done so, and state those matters that we have agreed to state to them in tbas report and other PUTPOSCS. To the fullest extent permitted by laNv, we do not accept or assumc iesponsibility to anyone other than the Company and the Company's Directors or Tnlstees, as a body. for our WO or for this report. You have acknowledgc on th¢ balance sheet as at year ended 31 May 2024 j'our duty to ensure that the company has kept proper accounting ordS and to prepare financial statements that gkve a true and fatr view utukr the Couwies Act 2006. 41 You consider that the company is exempt from the statutory requirement for an audit for the year. We haTr"e not carried out an audit and any other Teview. and consequently we do not express ally opinion on these accounts. wafo FCCA Chartered Certified Accountant
Page 4 LIFE CHANGING INTERNATIONAL MINISTRY PROFIT AI¥D LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Incoming Resourcog Voluntary Sources.DonatiotLS Gift Aid Grant Total Lncoming ResouTses 101801 16307 18452 118108 106590 Resources Ex nded Wages & Allowances Rent,Rates & Hall Hire Outreach & Evangelism Youths minAstry Telephone Prynting &. Stationery W.eblinterneL TV Ministy General Administrative expenses Travelling expenses Insurance Repairslmaintenallce Be.--volen¢elCovid support Honorarium Accountancy fee Consultancy Services Depreciation Total resources expended Net incomtng iesources Total Funds brought forward Total tunds carried forward 16940 9470 5281 5000 250 650 4000 6956 6199 750 4200 8456 4060 2082 1989 6195 2500 1200 3000 795 124759 651 20177 13526 8943 4005 1200 6700 4775 116156 -9566 29743 20177
Page 5 LIFE CHANGLNG INfERNATIONAL MINISTRY BALANCE SHEET AS AT 31 NIAY 2024 2024 2023 NOTES Fixed Assets Current Assets Bank and Cash B.. aEance Debtors & Prepairynent 14725 21376 14725 21376 Creditors: Amounts falling due within ODe year Net current gssets -1200 1200 Total assets less eurreDt liabilities 20177 20177 13526 Represented by Profit & imss Account Balance 13526 20177 The notes on page 7 forn) an integrnl part of these accounts
Page 6 LIFE CHANGING INTERNATIONAL MINISTRY BALANCE SHEET (Continued) Directors, statements required by Companies Act 2006 for the year elld 31 May 2024 These Accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of Companies Act and with the Financial Reporting Standard for Smaller Entities (effective April 2008). In the opinion of the directors the company is entitled to claim exemption from audit under sections 475 and 477 of the Companies Act 2006. No members eligible to do so have deposited a notice requesting an audit within the specified time frame. The directors acknowledge their responsibilities for complying with the requirements of the 2006 Companies Act with respect to accounting records and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial y¢ar and of the s¢ of affairs of the companv as at the end of the financial year and of its profit or loss for the fllLancial year in accordance with the requirements of section 394 and 395 (duty to prepare individual company accounts aTJd applicable accounting framcwork), and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. Signed on behalf of the board of directors. Rev. E Director anu The notcs on page 7 forni an integral part of these financial statements.
LIFE CHANGING INTERNATIONAL ministry (A company limited by guarantee) Notes to the Financial Statements for the year ended 31 May 2024 AccoufffiNG POUCIES Accounting conversion The financial statements have been prepared under the historical convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2007) Turnover Turnover represents income from tithes. offerings and donations and recognised only when they are received by the company. Tangible Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life- Fixtures and fittings 25% straight line. OPERATING PROFtr/LOSS The operating profit/loss is stated after charging: 2024 2023 Depreciation- owned Assets 795 4,775 Directorfs emoluments and other benefits 8010 TAXATION No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2024
TANGIBLE ASSETS 2024 2024 2023 F&F TOTAL TOTAL Cost 2S at l June 2023 Additions 54304 795 55099 54304 795 55099 52958 1346 54304 Dep. as l June 2023 For the year 54303 795 54303 795 55098 49528 4775 54303 55098 Net Book Value at 31 MAY 2024 3.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Inland Revenue (PAYE) Accrued Expenses 1200 1200
Trustees, Annual Report for the year ended 31 May 2024 Charity Name: Life Changing International Chapel Other Name- Life changing International Ministry (LCIM) The trustees consists of two members who are directors of the company for Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of the statement of Recommended Practice {SORP) and Accounting and Reporting by charities issued in March 2005. Registered Charity Number: 1139682 {England and Wales) Registered Company Number: 04767927 (England and Wales) CharitVs Principal address and compan5 Registered Office: Orion Business Centre. Unit 3 Surrey Canal Road, London SE14 5RT Name of Trustees who managed the charity were: Trustees Name Office Rev.Emmanuel Maiyaki Chairman Ms Angela Marie Clement Secretary Dr. Clayton Thompson Member Name of trustees for the charity: Rev. Emmanuel Maiyaki, Ms Angela Clement, Dr Clayton Thompson Description of the charlS Trust. The charity is governed by Trust Deeds. The charity is constttlrted by a chairperson and two trustee members. Trustee's selection methods; The trustees are appointed in accordance with the policy, organisation and rules of the charity. Members of the church who are qualified to be trustees are eligible to apply to be trustees if they wish to be. OBJEcfivES AND AcfiviTIES To advance the Christian faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom from time to time as the trustees deem fit. To try and purchase the church own place of worship.
SUMMARY OF ACTIVITIES To provide sacred space for personal prayers and contemplation. b. To conduct pastoral work including visiting the sick and bereaved. c. To provide regular public worship in the community open to all. d, Promoting the whole mission of the church through activities for youth, senior citizens and special need groups. e. To provide religio(Js material through internet. ACHIEVEMENTS AND PERFORMANCE The church has opened its doors to the community for Sunday, Tuesdays and Fridays. This has enabled the youth who were at first roaming about and engaging in unsociable activities to come and listen to the word of God. The church continues to embark on relaying the church services on zoom and face book to some of our congregants who due to sickness cannot attend our weekly meeting5. The church continues to support the less privilege members who could no longer access government support transport and rent paymenL The trustees outlined their commitment to enable as many people as possible to worship and become part of the community in South East London. Financial Review The trustees have decided pay the trustee chairman minimum allowance because of the pastoral work and plough back the reserves of the charity to enable it embark on more activities to the community and the public. The church donated food parcels during the lod(down period to the public and the elderly persons in the church. The church received Gift Aid of £16,307 from HMRC charities during the year ended 31 May 2024. Signed on behalf of charivs Trustees. Signatur Full name: Ms Angela Marie Clement Position: Secretary )L Date: