## **LIFE CONNECTION CENTRE**
## **REPORT & ACCOUNTS**
**FOR THE YEAR ENDED 31 OCTOBER 2022**
## **LIFE CONNECTION CENTRE Report and accounts Contents**
||Page||
|---|---|---|
|Company Information||3|
|Director’s report||4|
|Profit and loss account||6|
|Balance Sheet||7|
|Notes to the accounts||8 -10|
2
## **LIFE CONNECTION CENTRE**
## **LEGAL & ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 OCTOBER 2022
ADDRESS 56 Lansdowne Road Chatham Kent ME4 6LJ STATUS Registered No. 1144612 Director Pastor M Carew Secretary Mrs Nike Omotayo
3
## LIFE CONNECTION CENTRE
## DIRECTOR'S REPORT
## FOR THE YEAR ENDED 31 OCTOBER 2022
The directors have pleasure in presenting the report and accounts of the organisation for the year ended 31 October 2022
## OBJECTS
The primary objective of the church is to advance the Christian faith within the United Kingdom.
## Our Activities
We encourage individuals to aspire in all areas of their lives through seminars provided free. We support and encourage family union.
We hold couples Dinner once a year for married couples (Annually). Village / Town Conferences.
We supply material needs to people in needs as we can afford.
We hold seminars, conferences, and conventions (Annually and Bi-monthly, as the need arises), for men, women (married or single)., youths and teens, widows as well.
We also provide financial support, as the need arises.
We support and work with the homeless.
We visit the elderly to read scriptures to them. Bi-Monthly Feeding and Clothing within the community And many more……………
All our operations do not demand or ask for financial support from the participants.
## APPROVAL
This report was approved by the board on 17[th] of March 2023 and signed on their behalf by:
.
Name: Mobolaji Carew
4
## LIFE CONNECTION CENTRE
## **Balance Sheet as at 31 October 2022**
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of The Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Mobolaji Carew on behalf of the Trustees
Director
Approved by the board on 17[th] March 2023
5
## LIFE CONNECTION CENTRE
## **Profit and Loss Account**
for the year ended 31 October 2022
|Notes
Turnover
2
Cost of Sales
Gross Profit
Distribution Cost
Administrative expenses
Other operating expenses
Operating Profit
3
Interest payable
Profit on ordinary activities before taxation
Tax on profit on ordinary activities
Profit for the financial year|2022
£
32,148
(8,667)
23,481
(6,990)
(500)
15,991
0
15,991
0
15,991|2021
£
31,039
(7,164)|
|---|---|---|
|||23,875|
|||(4,498)
(386)|
|||18,991
0|
|||7,533
0|
|||18,991|
6
## LIFE CONNECTION CENTRE
## **Balance Sheet**
as at 31 October 2022
|Notes
Fixed assets
Tangible assets
4
Current assets
Stocks
Debtors
Cash at bank and in hand
5
Creditors: amounts falling due
6
within one year
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Called up share capital
7
Profit and loss account
Other Reserve
Shareholders' funds|43,575
0|2022
£
63
43,575
43,638
2
15,991
27,645
43,638|27,517
0|2021
£
130
27,517|
|---|---|---|---|---|
||43,575||27,517||
||||||
|||||27,647|
|||||2
18,991
8,654|
|||||27,647|
For the year ending 31/10/2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of The Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
M Carew
Director Approved 17[th] March 2023
7
LIFE CONNECTION CENTRE
## **Notes to the Accounts**
for the year ended 31 October 2022
## **1 Accounting policies**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002).
## **Turnover**
Turnover represents the invoiced value of goods and services supplied by the company, net of trade discounts and excluding value added tax.
## **Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 20% straight line Tools 10% straight line
## **Stocks**
Stock is valued at the lower of cost and net realisable value.
## **Deferred taxation**
Provision is made for taxation deferred in respect of all material timing differences only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
## **2 Turnover**
The turnover and pre-tax profit all arose from the company’s principal activities carried on within the United Kingdom.
8
## LIFE CONNECTION CENTRE **Notes to the Accounts** for the year ended 31 October 2022
|3
Operating profit
This is stated after
charging:
Depreciation of owned
fixed assets|2022
£
67|
|---|---|
||67|
Profit for this year is higher than usual due to Minimised activities of the church as a result of the pandemic. The core being online worshipping.
The average number of casual staff during the period, including directors, was two
|4
Tangible fixed assets
Cost
At 31 October 2021
Additions
Surplus on revaluation
Disposals
At 31 October 2022
Depreciation
At 31 October 2021
Charge for the year
Surplus on revaluation
Disposals
At 31 October 2022
Net book value
At 31 October 2021
At 31 October 2022|Plant and
machinery
£
17,030
0
17,030
16,900
67
16,967
130
63|Tools
£
1,375
1,375
1,375
0
1,375
0
0|Total
£
18,405|
|---|---|---|---|
||||18,405|
||||18,275
67|
||||18,342|
||||130|
||||63|
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## LIFE CONNECTION CENTRE
## **Notes to the Accounts**
for the year ended 31 October 2022
|5|Debtors|2022|
|---|---|---|
|||£|
||Due within one year|0|
||Other debtors|0|
|||0|
|||2022|
|6|Creditors:||
||amounts falling due within one year|£|
||Bank loans|0|
||Other loans|0|
||Trade creditors|0|
|||0|
|7||2022|
||Called up Share Capital|£|
||Authorised:||
||1000 ordinary shares of £1 each|1000|
||Allotted, issued and fully paid:||
||30 ordinary shares of £1 each|2|
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