Registered number: 09474988 Charity number: 1167660
BREATH OF LIFE FAITH MINISTRIES
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 - 10 |
| Notes to the Financial Statements | 11 - 20 |
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees Dr Olugbo Baptist Joy Johnson Nicholas Ebo Company registered number 09474988 Charity registered number 1167660 Registered office St. Marys Road Bournmouth Dorset BH1 4QP Accountants GIL Accountancy Services 177 Ballens Road Chatham Kent ME5 8PG
Page 1
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the BREATH OF LIFE FAITH MINISTRIES for the 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Breath of Life Faith Ministries, based in Bournemouth, United Kingdom, was registered as a charity in June 2016 and is overseen by a three-member board of trustees. This report provides an overview of our aims, activities and achievements during the 2024–2025 reporting year, as well as an outline of the Church’s strategic direction and a summary of financial stewardship.
Objectives and activities
Policies and objectives
Breath of Life Faith Ministries is a faith-based registered charity dedicated to inspiring hope and driving holistic growth within our community. Our mission—“to rebuild, repair and restore”—underscores all aspects of our work.
We remain committed to supporting community development through youth empowerment, leadership growth, volunteer opportunities, family and relationship support, academic and skills enrichment, social integration, and meaningful student engagement.
Our ministry begins with the spiritual nurturing of our church family, preparing members to influence the community through exemplary, Christ-centred living. This model encourages positive transformation within the wider community and invites others to experience spiritual growth and purpose-driven living.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Strategies for achieving objectives
Starting with our immediate local family, the Church strives to provide spiritual nourishment and growth to our members so that they can also reach out to the community and beyond. Members are prepared and encouraged to live exemplary lives in the community, thus showcasing a Christ-centered lifestyle demonstrated in their interaction with the local community. Such exemplary lifestyle being worthy of emulation, particularly to those who are not Christians to come to the saving knowledge of Christ and to live purpose driven lives.
Page 2
BREATH OF LIFE FAITH MINISTRIES
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
Activities undertaken to achieve objectives
To achieve our aims, the Church runs a variety of spiritual, educational and community-focused initiatives. Regular activities include:
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Weekly Bible Study, Scripture Learning and Teaching
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Fasting and Prayer Sessions
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Evangelism and Outreach
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Sunday School and General Welfare Support
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Pastoral counselling for members and non-members
Social and community-focused events continue to foster unity and engagement. Our “church beyond walls” approach drives our outreach programmes, including our flagship Open-Air Worship which brings worship, fellowship and community interaction to the public sphere.
We maintain strong engagement with young adults through the Breath of Life Society at Bournemouth University— a weekly hub that prepares students with life skills, leadership exposure and sound Christian values.
Additional Activities in 2024–2025
a) Career’s Day for Years 7–13
This annual event continues to grow in participation and impact. Delegates include local MPs, entrepreneurs, academics, business leaders and armed forces representatives. The programme equips teenagers with practical insight into career pathways, further education and personal development.
b) Men’s Retreat
A dedicated Men’s Annual Retreat was introduced this year, offering spiritual development, teaching, fellowship and mentorship. The retreat strengthens male leadership within families, the workforce and the wider community.
c) Building Renovation and Expansion Preparations
Following positive feedback and encouragement from the local council, preliminary activities for building expansion and renovation have commenced. This phase focuses on planning, consultations, and readiness assessments for full refurbishment works.
d) Teens Retreat
Our teens participated in a Youth Camp, offering a comprehensive spiritual and mentoring opportunity for selfdevelopment.
Page 3
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Main achievements of the Charity
The Church remains a strong support system for individuals and families. Notable achievements this year include:
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Marriages strengthened through pastoral counselling and Bible-based teachings.
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Members progressing in professional careers across the NHS, the British Army and global organisations,
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with the church providing support during transitions and relocations.
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Encouragement and guidance leading individuals to pursue higher education, vocational training and
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entrepreneurship.
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A growing Children’s Church with steady year-on-year attendance.
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A successful Teens Retreat, attended by faith-based youth groups across the UK.
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More than half of our teenagers volunteering actively across ministries such as media, choir, technical and
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administrative roles—reflecting our commitment to intergenerational service.
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Continued partnership with Bournemouth University through the Bournemouth Entrepreneurial Society,
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offering financial literacy, business exposure and leadership opportunities.
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A committed workforce, empowered by strong departmental leadership and continuous spiritual and
-
personal development.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
The Charity seeks to maintain reserves which match any obligation, such as running costs of its operating activities. The target is to build and maintain unrestricted reserves equating to at least three months normal expenditure.
Principal funding
TBreath of Life Faith Ministries is funded primarily through the generous donations of its members. All financial transactions are accurately recorded and managed by appointed volunteer members. The trustees continue to uphold transparency, accountability and responsible financial stewardship in all areas of expenditure and resource allocation.
Structure, governance and management
Constitution
BREATH OF LIFE FAITH MINISTRIES is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
Page 4
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
Breath of Life Faith Ministries purchased a Grade II listed building in 2019. This year, encouraging signals from the local authority have enabled us to begin forward planning for refurbishment, expansion and modernisation. These works aim to improve capacity, accessibility and community usability.
The Church will continue investing in youth development, skill building, community cohesion and support for students and families.
Trustee Resolution – Senior Pastor Remuneration
In recognition of the significant time commitment dedicated to ministration, administration and parishioner visitations, the trustees have agreed that remuneration for the Senior Pastor will commence in the forthcoming period, ensuring sustainable pastoral care and leadership.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Page 5
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Dr Olugbo Baptist (Chair of Trustees) Date: 18/12/2025
Page 6
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner's Report to the Trustees of BREATH OF LIFE FAITH MINISTRIES ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 18/12/2025 7 D Tabiri FCCA
177 Ballens Road, Chatham. ME5 8PG
Page 7
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ - - - - - - - 147 - 147 |
Unrestricted funds 2025 £ 183,745 9 183,754 - 181,411 181,411 2,343 3,615,776 2,343 3,618,119 |
Total funds 2025 £ 183,745 9 183,754 - 181,411 181,411 2,343 3,615,923 2,343 3,618,266 |
Total funds 2024 £ 163,655 - 163,655 2,381 109,173 111,554 52,101 3,563,822 52,101 3,615,923 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 8
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee) REGISTERED NUMBER: 09474988
BALANCE SHEET AS AT 31 MARCH 2025
| Fixed assets Note Tangible assets 10 Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 12 Net assets excluding pension asset Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
63,870 63,870 (1,250) |
2025 £ 3,753,834 3,753,834 62,620 3,816,454 (198,188) 3,618,266 3,618,266 147 3,618,119 3,618,266 |
67,513 67,513 (1,250) |
2024 £ 3,755,177 3,755,177 66,263 3,821,440 (205,517) 3,615,923 3,615,923 147 3,615,776 3,615,923 |
|---|---|---|---|---|
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 for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Page 9
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee) REGISTERED NUMBER: 09474988
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
................................................
Dr Olugbo Baptist (Chair of Trustees) Date: 18/12/2025
The notes on pages 11 to 20 form part of these financial statements.
Page 10
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
BREATH OF LIFE FAITH MINISTRIES is a charity, registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administration information page 1.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
BREATH OF LIFE FAITH MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 11
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Freehold property - Nil Motor vehicles - 20% straight line Other fixed assets - 25% reducing balance
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.7 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from donations and legacies
| Donations Donations Similar incoming resources Total 2024 Investment income Investment income - Interest received |
Restricted funds 2025 £ - Restricted funds 2024 £ 2,528 - 2,528 Unrestricted funds 2025 £ 9 |
Unrestricted funds 2025 £ 183,745 Unrestricted funds 2024 £ 141,805 19,322 161,127 Total funds 2025 £ 9 |
Total funds 2025 £ 183,745 |
|---|---|---|---|
| Total funds 2024 £ 144,333 19,322 |
|||
| 163,655 | |||
| Total funds 2024 £ - |
4. Investment income
Page 13
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. Expenditure on raising funds Costs of raising voluntary income
| Total | ||
|---|---|---|
| funds | ||
| 2025 | ||
| £ | ||
| Restricted | Total | |
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Costs of raising voluntary income | 2,381 | 2,381 |
Page 14
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure on charitable activities
Summary by fund type
| Church Activities Church Activities |
Unrestricted funds 2025 £ 181,411 Unrestricted funds 2024 £ 109,173 |
Total 2025 £ 181,411 Total 2024 £ 109,173 |
|---|---|---|
7. Analysis of expenditure by activities
| Church Activities Church Activities |
Activities undertaken directly 2025 £ 169,877 Activities undertaken directly 2024 £ 101,150 |
Support costs 2025 £ 11,533 Support costs 2024 £ 8,023 |
Total funds 2025 £ 181,410 Total funds 2024 £ 109,173 |
|---|---|---|---|
Page 15
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Depreciation Ministry expenses Travel and subsitence Mortgage interest Rates Repairs and maintenance Insurance Publicity costs Charitable donations and welfare costs Honorariums Light & heat Hospitality Motor expenses |
Total funds 2025 £ 19,920 12,582 1,342 13,615 427 18,936 3,202 920 20,772 25,350 24,592 20,598 7,621 169,877 |
Total funds 2024 £ 6,121 3,043 8,315 20,901 265 8,575 3,813 1,516 14,461 26,492 3,859 2,986 803 |
|---|---|---|
| 101,150 |
Analysis of support costs
| Computer & IT costs Printing, postage and stationery Telephone and data costs Accountancy fees Consultancy fees Sundry expenses |
Total funds 2025 £ 3,318 419 734 1,250 240 5,572 11,533 |
Total funds 2024 £ 2,516 - 1,109 1,250 - 3,148 |
|---|---|---|
| 8,023 |
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BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 1,250 | 1,250 |
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL)
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
10. Tangible fixed assets
| Cost or valuation At 1 April 2024 Additions Rounding difference 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 |
Freehold property £ 3,700,000 - - 3,700,000 - - - 3,700,000 3,700,000 |
Motor vehicles £ 18,694 - - 18,694 7,478 3,739 11,217 7,477 11,216 |
Other fixed assets £ 62,329 18,576 1 80,906 18,368 16,181 34,549 46,357 43,961 |
Total £ 3,781,023 18,576 1 |
|---|---|---|---|---|
| 3,799,600 | ||||
| 25,846 19,920 |
||||
| 45,766 3,753,834 |
||||
| 3,755,177 |
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BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,250 | 1,250 |
12. Creditors: Amounts falling due after more than one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank loans | 198,188 | 205,517 |
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:
| Payable or repayable by instalments | 2025 £ 198,188 198,188 |
2024 £ 205,517 205,517 |
|---|---|---|
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BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 April 2024 £ 3,615,776 147 3,615,923 Balance at 1 April 2023 £ 3,563,822 - 3,563,822 |
Income £ 183,754 - 183,754 Income £ 161,127 2,528 163,655 |
Expenditure £ (181,411) - (181,411) Expenditure £ (109,173) (2,381) (111,554) |
Balance at 31 March 2025 £ 3,618,119 147 3,618,266 Balance at 31 March 2024 £ 3,615,776 147 3,615,923 |
|---|---|---|---|---|
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BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2025 £ - 147 - - 147 |
Unrestricted funds 2025 £ 3,753,834 63,723 (1,250) (198,188) 3,618,119 |
Total funds 2025 £ 3,753,834 63,870 (1,250) (198,188) 3,618,266 |
|---|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Social investments Current assets Creditors due within one year Creditors due in more than one year Other unallocated Tl |
Restricted funds 2024 £ - - 147 - - - 147 |
Unrestricted funds 2024 £ 3,755,177 - 67,365 (1,250) (205,517) 1 3,615,776 |
Total funds 2024 £ 3,755,177 - 67,512 (1,250) (205,517) 1 3,615,923 |
|---|---|---|---|
Total
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