Registered number 1154838
CHRIST THE LIVING WORD CHURCH
Report and Accounts
31 March 2025
CHRIST THE LIVING WORD CHURCH Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees Report | 2 |
| Independent Examiners Report | 3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes to the Accounts | 6 - 8 |
CHRIST THE LIVING WORD CHURCH Charity Information
TRUSTEES
PASTOR AMINU A IBRAHIM MRS ELIZABETH OMOLARA OGUNDEYI MR IBRAHIM ORELUSI
Accountants
Lemo Corporate 815 Old Kent Road LONDON SE15 1NX
Bankers
SANTANDER
Registered office
1 VOYAGER CLOSE THAMESMEAD LONDON SE28 8QQ
Registered number 1154838
1
CHRIST THE LIVING WORD CHURCH
Trustees' Report
The Trustees present their report and the financial statements for the year ended 31 March 2021 The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the statement of Recommended Practice (SORP 2015) and applicable law.
CONSTITUTION, OBJECTIVES AND POLICIES
The objectives of the Charity as set out in the Trust Deed, dated 13 December 2013 are
a. Advancement of the Christian Faith in the United Kingdom and abroad
b. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick in the United Kingdom and abroad.
The principal activities of the Charity are worship and the involvement of various ministries and ministers of religion, propagating Christian tenets to both members and non-members of the ministry at various meetings.
To achieve these objectives, the trustees appointed the Board of Ministers. The ministry is invovled in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
The trustees who serve during the year were;
PASTOR AMINU A IBRAHIM MRS ELIZABETH OMOLARA OGUNDEYI MR IBRAHIM ORELUSI
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
Trustee members of the committiees are appointed by the board of trustees using the basic skills survey method. Due consideration is given to what is needed to make the Board and commitee as effective as can be. Also care is taken to ensure the board has the right mix of skills and experience to discharge its duties and ensure effective governance and management. Trustees serve a term of two years which is renewable at the discretion of the Board; however, in exceptional cases Trustee may be asked to stay on for more than four years.
TRUSTEES' RESPONSIBILITIES
Charity Law requires the trustees to prepare financial statements for each fianacial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended for that year. In preparing those financial statements the trustees are required to;
●select suitable accounting policies and apply them consistently,
●make judgement and estimates that are reasonable and prudent,
●prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
RISK MANANGEMENT
Trustees take seriously their responsibility to assess and manage the major risks that the charity faces and review them regulaly. A formal risk management process is in place to ensure risks are identified and appropraite mitigation actions are taken- this is captured in our Risk Management Policy.
FINANCIAL REVIEW
a. RESERVE POLICY
ChristThe Living Word Church unrestricted reserves comprise the general fund which can be spent on any purpose of the charity and are avilable to meet future demands on the charity's resources. The trustees have determined that it would be prudent to maintain three months of expenditure to meet coire expenses of the church. At the end of the year 2021, free reserves not tied up in fund assests which are unrestricted funds, stood at £112,232
2
b. PRINCIPAL FUNDING
Individual donations and gifts continue to be the main source of income, including Gift aids credits.
STATEMENT OF PUBLIC BENEFIT
In line with requirements of the Charities Commission under the Charity Act 2011 for charities to demonstrate that their aims are for public benefit, the Board of Trustees of Christ The Living Word Chuch are confident that our aims fully meet the public benefit test that all the activities of the charity described in the report, are undertaken in pursuit of our mandate which by implication seeks to:
a) help people live a life free from fear and anxiety, allowing them to prosper in mind, body and spririt
- b) Improve overall well being and every life of each person
c) motivate, teach, councel and coach people to attain success in their career, family life, marriage and personal life
d) support the less privileged and needy through gifts in kind and where appropriate financial assistance; and
e) give financial support to other charities that share our values and aims as well as respond to social needs
30/03/2022
This report was approved by the Board of Trustees on ------------------------------------------- and was signed on their behalf by:
Aminu Ibrahim
PASTOR AMINU IBRAHIM
3
CHRIST THE LIVING WORD CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST THE LIVING WORD CHURCH
I report on the charity for the year ended 31 March 2025, which are set set out on pages 4 to 5.
Respective resposibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. [The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.
It is my responsisblity to:
. examine the accounts under section 145 of the 2011 Act;
. to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;
.to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commision. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
- which gives me reasonable cause to believe that, in any material respect, the requirements:
. to keep accounting records in accordance with section 130 of the 2011 Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.
or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Ajibola Lemo
LEMO CORPORATE Chartered Certified Accountants
4
CHRIST THE LIVING WORD CHURCH
Statement of Financial Activities for the year ended 31 March 2025
| Income Resources Tithes, offerings and thanksgiving Bank interest received Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Notes 6.1 6.2 6.3 |
2025 Total Fund £ 33,228 - 33,228 1,912 18,388 20,300 12,928 12,928 119,098 132,026 |
2024 Total Fund £ 11,385 - |
|---|---|---|---|
| 11,385 | |||
| 2,950 6,740 |
|||
| 9,690 | |||
| 1,695 | |||
| 1,695 117,403 |
|||
| 119,098 |
5
CHRIST THE LIVING WORD CHURCH Balance Sheet as at 31 March 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Intangible assets | - | - | |||
| Tangible assets | 3 | - | - | ||
| Investments | - | - | |||
| - | - | ||||
| Current assets | |||||
| Cash at bank and in hand | 128,083 | 119,597 | |||
| 128,083 | 119,597 | ||||
| Creditors: amounts falling due | |||||
| within one year | 4 | (999) | (499) | ||
| Net current assets | 127,084 | 119,098 | |||
| Total assets less current | |||||
| liabilities | 127,084 | 119,098 | |||
| Creditors: amounts falling due | |||||
| after more than one year | - | - | |||
| Provisions for liabilities | - | - | |||
| Net assets | 127,084 | 119,098 | |||
| Profit and loss account | 5 | 132,026 | 119,098 | ||
| Shareholders' funds | 132,026 | 119,098 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Aminu Ibrahim
PASTOR AMINU IBRAHIM Director Approved by the board on 2 March 2026
5
4,942
CHRIST THE LIVING WORD CHURCH Notes to the Accounts for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Incoming Resources
Income is mainly from donations and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computers & equipment 25% straight line Furniture & fittings 25% straight line
2 Operating profit £ 2024 £ This is stated after charging: - - Depreciation of owned fixed assets
- 3 Tangible fixed assets
| Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 4 Creditors: amounts falling due within one year Trade creditors Other creditors |
Plant and machinery etc £ 5,062 5,062 5,062 - 5,062 - - |
Furniture and fittings £ 1,144 1,144 1,144 - 1,144 - - £ 500 499 999 |
Total £ 6,206 |
|---|---|---|---|
| 6,206 | |||
| 6,206 - |
|||
| 6,206 | |||
| - | |||
| - | |||
| £ 500 499 |
|||
| 999 |
7
5 Profit and loss account
£ £
CHRIST THE LIVING WORD CHURCH Notes to the Accounts for the year ended 31 March 2025
| At 1 April 2024 Profit for the year At 31 March 2025 |
119,098 12,928 132,026 |
117,403 1,695 |
|---|---|---|
| 119,098 |
7
CHRIST THE LIVING WORD CHURCH for the year ended 31 March 2025
Notes to the accounts (continued)
for the year ended 31 March 2025
6 6. Detailed Income and Expenditure Account
| 6.1 INCOMING RESOURCES Thithes, offering and thanksgiving Bank interest received Total Incoming Resources OUTGOING RESOURCES 6.2 Support costs of activities in furtherance of the Charity's objects: Missionary and Evangelism Donations, Welfare & Gifts Website designs and maintenance Instrumentalist/music expenses Printing, postage & stationery 6.3 Management and Administration of Charity: Rent of Church hall Travelling and subsistence Bank charges Salaries & wages Light & Heating Repairs & Maintenance Accountancy fees Depreciation charge |
2025 2024 Total fund Total fund £ £ 33,228 11,385 - - 33,228 11,385 650 550 1,000 300 156 2,000 106 100 1,912 2,950 4,040 1,518 - 213 30 13,200 4,800 - 935 - - - 392 18,388 6,740 |
|---|---|
10