**REGISTERED COMPANY NUMBER: 1171587 (England and Wales) REGISTERED CHARITY NUMBER: 1171587** 

Report of the Trustees and 

Financial Statements for the Year Ended 28 February 2025 

for 

God's Covenant Life Centre 

Peters & Co Chartered Certified Accountants Imperial House 64 Willoughby Lane London N17 0SP 



God's Covenant Life Centre 

## Report of the Trustees 

## for the Year Ended 28 February 2025 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report  with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The main object of the the organisation is to advance the Christian religion for the benefit of the public by such charitable means as the trustees deem fit. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

God's Covenant Centre is a charitable incorporated organisastion governed by CIO - Foundation Governing  Document registered with the Charities Commission on 13 February 2017. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

1171587 (England and Wales) 

## **Registered Charity number** 

1171587 

## **Registered office** 

103b Seven Sisters Road London N7 7QP 

## **Trustees** 

Mrs S Tabour D Birke Pastor T N Gate Miss H Tira 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating  to small companies. 

Approved by order of the board of trustees on 5 November 2025 and signed on its behalf by: 

D Birke - Trustee 

Page 1 



God's Covenant Life Centre 

|Statement of Financial Activities<br>for the Year Ended 28 February 2025<br>2025<br>Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>30,975<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Charitable<br>(150)<br>Other<br>31,555<br>**Total**<br>31,405<br>**NET INCOME/(EXPENDITURE)**<br>(430)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>1,318<br>**TOTAL FUNDS CARRIED FORWARD**<br>888|2024<br>Total<br>funds<br>£<br>29,367<br>2,849<br>25,843<br>28,692<br>675<br>643<br>1,318|
|---|---|



The notes form part of these financial statements 

Page 2 



God's Covenant Life Centre 

## Balance Sheet 

## 28 February 2025 

|||2025|2025|2024|
|---|---|---|---|---|
|||Unrestricted||Total|
|||fund||funds|
||Notes|£||£|
|**CURRENT ASSETS**|||||
|Cash at bank||6,513||3,672|
|**CREDITORS**|||||
|Amounts falling due within one year|6|(5,625)||(2,354)|
|**NET CURRENT ASSETS**|||888|1,318|
|**TOTAL ASSETS LESS CURRENT**|||||
|**LIABILITIES**|||888|1,318|
|**NET ASSETS**|||888|1,318|
|**FUNDS**|7||||
|Unrestricted funds|||888|1,318|
|**TOTAL FUNDS**|||888|1,318|
||||||



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025. 

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company  as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 3 



God's Covenant Life Centre 

## Balance Sheet - continued 

## 28 February 2025 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 5 November2025 and were signed on its behalf by: 

D Birke - Trustee 

T N Gate - Trustee 

The notes form part of these financial statements 

Page 4 



God's Covenant Life Centre 

Notes to the Financial Statements for the Year Ended 28 February 2025 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and  has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **2. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

||2025|2024|
|---|---|---|
||£|£|
|Auditors' remuneration for non audit work|665|594|



continued... 

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God's Covenant Life Centre 

Notes to the Financial Statements - continued for the Year Ended 28 February 2025 

## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year  ended 29 February 2024. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024. 

## **4. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

|Volunteers<br>No employees received emoluments in excess of £60,000.<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Charitable<br>Other<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|2025<br>2024<br>2<br>2<br>Unrestricted<br>fund<br>£<br>29,367<br>2,849<br>25,843<br>28,692<br>675<br>643<br>1,318|
|---|---|



## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

continued... 

Page 6 



God's Covenant Life Centre 

## Notes to the Financial Statements - continued for the Year Ended 28 February 2025 

## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|||2025|2024|
|---|---|---|---|
|||£|£|
||Other creditors|1,310|1,310|
||Rent loan|3,500|-|
||Accrued expenses|815|1,044|
|||5,625|2,354|
|**7.**|**MOVEMENT IN FUNDS**|||
||**Unrestricted funds**|Net<br>movement<br>At 1.3.24<br>in funds<br>£<br>£|At<br>28.2.25<br>£|
||General fund|1,318<br>(430)|888|
||**TOTAL FUNDS**|1,318<br>(430)|888|
||Net movement in funds, included in the above are as follows:|||
||**Unrestricted funds**|Incoming<br>Resources<br>resources<br>expended<br>£<br>£|Movement<br>in funds<br>£|
||General fund|30,975<br>(31,405)|(430)|
||**TOTAL FUNDS**|30,975<br>(31,405)|(430)|
||**Comparatives for movement in funds**|||
||**Unrestricted funds**|Net<br>movement<br>At 1.3.23<br>in funds<br>£<br>£|At<br>29.2.24<br>£|
||General fund|643<br>675|1,318|
||**TOTAL FUNDS**|643<br>675|1,318|
|||||



continued... 

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God's Covenant Life Centre 

Notes to the Financial Statements - continued for the Year Ended 28 February 2025 

## **7. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|Movement|
|---|---|---|---|---|
||resources|expended|in funds||
||£|£||£|
|**Unrestricted funds**|||||
|General fund|29,367|(28,692)||675|
|**TOTAL FUNDS**|29,367|(28,692)||675|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**|At 1.3.23<br>£|At 1.3.23<br>£|Net<br>movement<br>At<br>in funds<br>28.2.25<br>£<br>£|
|---|---|---|---|
|General fund||643|245<br>888|
|**TOTAL FUNDS**||643|245<br>888|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above  are as follows: 

|**Unrestricted funds**|Incoming<br>Resources<br>resources<br>expended<br>£<br>£|Movement<br>in funds<br>£|
|---|---|---|
|General fund|60,342<br>(60,097)|245|
|**TOTAL FUNDS**|60,342<br>(60,097)|245|



## **8. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 28 February 2025. 

Page 8 



God's Covenant Life Centre 

|Detailed Statement of Financial Activities||
|---|---|
|for the Year Ended 28 February 2025||
||2025<br>2024|
||£<br>£|
|**INCOME AND ENDOWMENTS**||
|**Donations and legacies**||
|Donations and other income|30,975<br>29,367|
|**Total incoming resources**|30,975<br>29,367|
|**EXPENDITURE**||
|**Other**||
|Volunteers expenses|400<br>-|
|Sundry utilities and insurance|2,250<br>163|
|Rent|20,000<br>-|
|**Support costs**|22,650<br>163|
|**Management**||
|Light and heat|2,105<br>1,146|
|Telephone|413<br>247|
|Postage and stationery|-<br>856|
|Sundries|2,096<br>600|
|**Information technology**|4,614<br>2,849|
|Repairs and renewals|1,554<br>25,086|
|Security expenses|1,920<br>-|
|**Other**|3,474<br>25,086|
|Travel expenses|2<br>-|
|**Governance costs**||
|Auditors' remuneration for non audit work|665<br>594|
|Total resources expended|31,405<br>28,692|
|**Net (expenditure)/income**|(430)<br>675|
|||



This page does not form part of the statutory financial statements 

Page 9 



God's Covenant Life Centre 

Contents of the Financial Statements for the Year Ended 28 February 2025 

||Page||
|---|---|---|
|Report of the Trustees|1||
|Statement of Financial Activities|2||
|Balance Sheet|3 to|4|
|Notes to the Financial Statements|5 to|8|
|Detailed Statement of Financial Activities|9||