## **BIBLE LIGHT CHURCH**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST ] DECEMBER 2024**
**CHARITY NUMBER:1179038**
**BIBLE LIGHT CHURCH 44 FELTON ROAD BARKING ESSEX IG11 7XZ**
**INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6**
**1**
## **TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2024**
The trustees are pleased to present their report for the year ended 31 DECEMBER 2024 for the charity, Bible Light Church with charity number 1179038.
The Trustees of the charity are: Marian Kankam-Boadu Yvonne Attoh-Quarshie Kingsley Boateng
The principal address of the charity is : 44 Felton Road Barking, Essex IG11 7XZ
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a CIO – Foundation Constitution registered 3[RD] July 2018. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **OBJECTIVES AND ACTIVITIES**
The Objects of the organisation are first to advance the Christian Religion in Dagenham for the benefit of the public through the holding of prayer meetings, lectures, public celebrations of religious festivals, producing and distributing literature on Christianity to enlighten others about the Christian faith. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
## **ACHIEVMENTS AND PERFORMANCE**
The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continued holding in person services which helped individuals and attendants in their spiritual life.
**2**
## **FINANCIAL REVIEW**
The income of the charity is above £22,000. This is a fair amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building and supporting members of the community in need.
.
## **RESERVE POLICY**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
## **RISK MANAGEMENT**
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 22[nd] August 2025 and signed on their behalf by:
_____________________________________________
**3**
## Independent Examiner’s Report To the Trustees **BIBLE LIGHT CHURCH**
I report on the accounts of the church for the year ended 31[ST ] December 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## **Respective responsibilities of trustees and examiner**
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
- Examine the accounts under section 145 of the 2011 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
- 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 Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 130 of the 2011 Act
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
- (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
**4**
**BIBLE LIGHT CHURCH**
## **ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **1 Receipts & Payments Account (General Purpose Fund)**
|**Income Receipts**
Donations
Interest
Gift Aid income
**Total Receipts**
**Direct Charitable Expenditure**
Subscriptions
Welfare
Refreshments
Hire of Hall
Church Events
Church Supplies
Insurance
Travel costs
Professional fees
Internet
Transport
Light & Heat
Charity Donations
Repairs & Maintenance
Missions
**Other Expenditure**
Equipment
Insurance
Hire of equipment
**Total Payments**
**Net Receipts/(Payments) for the year**
Loan to Pastor
**Cash Funds brought forward**
**Cash Funds at the end of the year**|£/ 2024
£/2023
22524
32355
16
18
8082|
|---|---|
||**22540**
40455|
||156
1273
4620
2488
0
183
2838
2624
0
4231
122
76
0
550
0
9091
500
1500
50
275
0
0
0
0
0
3240
0
1000
0
0|
||8286
26531
0
0
0
0
0
0|
||0
0
**8286**
26531
14254
13924
0
-17820
**4601**
8497|
||**18855**
4601|
**5**
## **BIBLE LIGHT CHURCH**
|**2 Statements of Assets and liabilities**
**Monetary Assets**
**Cash Funds**
Cash at hand and in bank
**Total Cash Funds**
**Debtor**
**Assets Retained for the**
**Charity's Own use**
**Non-monetary Assets and Liabilities**
Musical Instruments
Equipments
**Liabilities**
Bookkeeping
**NET ASSETS**|**Unrestricted Funds**
**2024**
**2023**
**£**
**£**
18855
4601|
|---|---|
||18855
4601|
||48820
48820|
||933
1166|
||933
1166
300
250|
||68308
54337|
These accounts were approved by the trustees and signed on their behalf by: Marian Kankam - Boadu
________________________________________________
**6**
**BIBLE LIGHT CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31st DECEMBER 2024**
## **ACCOUNTING POLICIES**
## **Basis of Accounting**
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
## **Funds**
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO
## **Public Benefit**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## **Depreciation**
Depreciation is calculated at 20% reducing balance method
**7**