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 |
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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
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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
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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
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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 |
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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
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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.
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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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