Co.Reg.No.04767927
LIFE CHANGING INTERNATIONAL MINISTRY (A Company Limited by Guarantee)
Directors’ Report and Financial Statements for the year ended 31 May 2025
S. A. Akwafo & Co. Chartered Certified Accountants
07845538130
LIFE CHANGING INTERNATIONAL MINISTRY Financial Statements for the year ended 31 May 2025
Contents
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Page
Organisation Details I
Directors Report 2
Accountants’ Report 3
Statement of Financial Activities 4
Balance Sheet 5/6
Notes to Financial Statements 7/8
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LIFE CHANGING INTERNATIONAL MINISTRY
FINANCIAL STATEMENT for the year ended 31 May 2025
Organisation Details
Directors
Secretary
Rev. E. Matyaki Dr. Clayton Thompson Ms Angela Clement
Company Number 04767927 Registered Office Orion Business Centre Unit 3 Surrey Canal Road London SE14 5RT
Accountants
S. A. Akwafo & Co. Chartered Certified Accountants 25 Austen Close London SE28 8AY
Bankers
Barclays Bank Plc 8/9 Victory Parade Plumstead Road London SE18 6FL
Page 2
LIFE CHANGING INTERNATIONAL MINISTRY.
Directors’ Report for the year ended 31 May 2025
The Directors present herewith their report together with the financial statements for the year ended 31 May 2025.
1. Principal Activity
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Life Changing Int. Ministry is a Private Company limited by guarantee. The objects are:
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A) To promote the gospel of Jesus Christ throughout the UK and Africa
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B) To promote, organise, conduct and participate in evangelical and Christian services, programmes and meetings in places ofworship
2. Directors’ Responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these, the directors are required to:
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e select suitable accounting policies and apply them consistently;
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e make judgements and estimates that are reasonable and prudent,
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e prepare the financial statements on a going concern basis unless it is inappropriate 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 accordance 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:
LIFE CHANGING INTERNATIONAL MINISTRY
ACCOUNTANTS REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE DIRECTORS OF LIFE CHANGING INTERNATIONAL MINISTRY FOR THE YEAR ENDED 31 MAY 2025
In accordance to the engagement letter given to us, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you given to us.
The report is made to the Trustees of the company as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that have been engaged to compile, report to the Trustees that we have done so, and state those matters that we have agreed to state to them in this report and other purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s Directors or Trustees, as a body, for our work or for this report.
You have acknowledge on the balance sheet as at year ended 31 May 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not carried out an audit and any other review, and consequently we do not express any opinion on these accounts.
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S.A.Akwafo FCCA
Chartered Certified Accountant pate 2% [2126
Page 4
LIFE CHANGING INTERNATIONAL MINISTRY PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2025
| IncomingResources | 2025 £ |
2024 £ |
|---|---|---|
| Voluntary Sources-Donations | 100974 | 101801 |
| GiftAid | 29311 | 16307 |
| Grant | 0 | 0 |
| Total IncomingResourses | 130285 | 118108 |
| ResourcesExpended | ||
| Wages&Allowances | 24640 | 16940 |
| Rent,Rates& HallHire | 63543 | 66438 |
| Outreach&Evangelism | 7500 | $281 |
| Youths ministry | 6100 | 5000 |
| Telephone | 275 | 250 |
| Printing& Stationery | 600 | 650 |
| Web/internet,TVMinistry | 5500 | 4000 |
| GeneralAdministrative expenses | 9000 | 6956 |
| Travelling expenses | 2400 | 1583 |
| Insurance | 1758 | 2082 |
| Repairs/Maintenance | 1500 | 1989 |
| Benevolence/Covid support | 8500 | 6195 |
| Honorarium. | 3000 | 2500 |
| Accountancy fee | 1200 | 1200 |
| Consultancy Services | 6000 | 3000 |
| Depreciation | 0 | 795 |
| Totalresourcesexpended | 141516 | 124859 |
| Net incomingresources | -11231 | -6651 |
| Total Funds brought forward | 13526 | 20177 |
| Totalfundscarriedforward | 2295 | 13526 |
Page 5
LIFE CHANGING INTERNATIONAL MINISTRY
BALANCE SHEET AS AT 31 MAY 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|
|NOTES|£|£|
|Fixed|Assets|2|ne|nee|
|Current|Assets|
|Bank and Cash B;alance|3494|14725|
|Debtors & Prepayment|0|0|
|3494|14725|
|Creditors:|Amounts|falling due|
|within one year|3|-1200|1200|
|Net|current|assets|_|2294|13525|
|Total|assets|less|current|liabilities|2295|13525|
|2295|13526|
|Represented by|
|Profit & Loss Account Balance|2295|13526|
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The notes on page 7 form an integral part of these accounts
Page 6
LIFE CHANGING INTERNATIONAL MINISTRY BALANCE SHEET (Continued)
Directors’ statements required by Companies Act 2006 for the year ended 31 May 2025
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 year and of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 394 and 395 (duty to prepare individual company accounts and applicable accounting framework), 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. Emmanuel Maiyaki Director
The notes on page 7 form an integral part of these financial statements.
7
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|---|---|---|---|---|---|---|---|
|TANGIBLE ASSETS|
|2025|2025|2024|
|2.|F&F|TOTAL|TOTAL|
|£|£|
|Cost|as|at|1|June 2024|55099|55099|$4304|
|Additions|--|~|795|
|__ 55099|5509955099|
|Dep.|as|1 June 2024|55098|55098|54303|
|For the year|--|-|795|
|_|55098|5509855098|
|Net Book Value|at 31 May 2025|1|1|1|
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|---|---|---|---|---|---|---|
|3.CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2025|2024|
|£|£|
|Inland|Revenue|(PAYE)|0)|0|
|.|Accrued|Expenses|1200|1200|
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7
LIFE CHANGING INTERNATIONAL ministry
(A company limited by guarantee)
‘Notes to the Financial Statements for the year ended 31 May 2025
1 ACCOUNTING POLICIES
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 PROFIT/LOSS
The operating profit/loss is stated after charging:
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2025 2024
£ £
Depreciation- owned Assets 0 795
Director's emoluments and other benefits 9000 8010
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TAXATION
No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2025
Trustees’ Annual Report for the year ended 31 May 2025
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 2025. 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)
Charity’s Principal address and company’s Registered Office:
Orion Business Centre, Unit 3 Surrey Canal Road,
London SE14 SRT
Name of Trustees who managed the charity were:
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|---|---|---|---|
|Trustees|Name|Office|
|Rev.Emmanuel|Maiyaki|Chairman|
|Ms Angela|Marie|Clement|Secretary|
|Dr.|Clayton Thompson|Member|
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Name of trustees for the charity:
Rev. Emmanuel Maiyaki, Ms Angela Clement, Dr Clayton Thompson
Description of the charity's Trust.
The charity is governed by Trust Deeds. The charity is constituted 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.
OBJECTIVES AND ACTIVITIES
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
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a. To provide sacred space for personal prayers and contemplation.
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b. To conduct pastoral work including visiting the sick and bereaved.
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c. To provide regular public worship in the community open to all.
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d. Promoting the whole mission of the church through activities for youth, senior citizens and special need groups.
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e. To provide religious 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 meetings. The church continues to support the less privilege members who could no longer access government support transport and rent payment.
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 lockdown period to the public and the elderly persons in the church.
The church received Gift Aid of £29,311 from HMRC charities during the year ended 31 May 2025.
Signed on behalf of charity’s Trustees.
senate. WM LILA )
Full name: Ms Angela Marie Clement
Position: Secretary Date: oale L2G