CHARITY REGISTRATION NUMBER: 1179648
Life Everlasting Parish
Unaudited Financial Statements
30 June 2025
CARRINGTON BLAKE ACCOUNTANCY
Chartered accountants Jack Dash House 2 Lawn House Close London United Kingdom E14 9YQ
Life Everlasting Parish
Financial Statements
Year ended 30 June 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 16 |
Life Everlasting Parish
Trustees' Annual Report
Year ended 30 June 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
Reference and administrative details
Registered charity name Life Everlasting Parish Charity registration number 1179648 Principal office 71-75 Shelton Street London WC2H 9JQ The trustees D Lawal V Udo J Shobande
Independent examiner Carrington Blake Accountancy Ltd
Objectives and activities
The principal purpose of the church is the advancement of the Christian faith. The Church may also advance education, relieve need and carry out other charitable purposes in the United Kingdom.
Life Everlasting Parish continues to worship as a small fellowship. We promote the gospel of Jesus Christ through praise, worship and the teaching and preaching of God's word. We show God's love by living as Christ's ambassadors within our local community, doing, helping and providing as much as we can offer in His name, as individuals and as a congregation. We also maintain our ministry to the vulnerable with prayer, comfort, companionship and spiritual and practical needs. Ensuring that our worship is appropriate and available for all ages and abilities.
1
Life Everlasting Parish
Trustees' Annual Report (continued)
Year ended 30 June 2025
Achievements and performance
This year has highlighted the deep resilience and faith of Life Everlasting Parish. Despite continued instability caused by the absence of a permanent base, our commitment to our mission remained unwavering. We adapted quickly, prioritised spiritual continuity, and found creative ways to serve amidst ongoing logistical challenges.
Key Achievements and Activities:
-
Consistent Worship and Ministry: Worship services, intercessory prayer, and evangelism efforts continued regularly. Even in the face of multiple venue changes, we ensured that the spiritual needs of our members and community were met.
-
Community Outreach Despite Instability: Although the lack of a fixed location limited our ability to scale outreach events, we still provided support to individuals and families in need, particularly through counselling, prayer, and small fellowship gatherings.
-
Virtual Engagement and Digital Resilience: Our ability to pivot to online platforms ensured we remained connected as a fellowship. Virtual services required fewer overheads and allowed us to include guest speakers and engage wider audiences, even with reduced income.
-
Laying the Groundwork for Future Growth: We began the initial groundwork required for funding applications and long-term planning. This included scoping potential borough partnerships and identifying suitable properties within Tower Hamlets to serve as a permanent base.
2
Life Everlasting Parish
Trustees' Annual Report (continued)
Year ended 30 June 2025
Financial review
Income
Total income for the year was £19,607, generated primarily through voluntary donations and collections from our members. While the charity has maintained positive reserves, overall income has been affected by a decline in regular membership. This rduction is largely attributable to the church’s ongoing inability to secure a stable and permanent place of worship.
Expenditure
Total expenditure for the year amounted to £17,823. Through careful financial management, the charity achieved a modest operating surplus of £1,784 for the year.
Key Observations
-
Impact of Location Instability: The absence of a consistent operating address continues to present significant challenges. It has made it difficult to retain existing members, attract new attendees, and establish the continuity necessary for sustained congregational growth.
-
Gift Aid Limitations: We have not yet been able to maximise initiatives such as Gift Aid. Implementing this requires a consistent base of operations and a formalised address, which remains difficult to achieve without permanent premises.
-
Community Engagement: The lack of a stable location has limited the charity’s ability to expand community engagement and outreach programmes.
-
Volunteer Reliance: The organisation continues to operate without paid staff and remains fully reliant on the dedicated time, resources, and financial commitment of its trustees and members.
Looking Ahead
Our single most pressing goal remains securing a permanent place of worship. A fixed base is essential to stabilise our income, reduce the unpredictability of venue-related expenses, and provide the structure needed to:
-
Formalise and activate Gift Aid to enhance donation recovery.
-
Retain members and foster sustained congregational growth.
-
Apply confidently for long-term funding and community-based grants.
-
Expand our outreach efforts and provide consistent services to the vulnerable, establishing more structured programmes for youth, elderly care, and weekday ministry.
We continue to explore opportunities with local councils and landlords, focusing on underused or vacant properties within the borough. Securing a permanent home would dramatically improve our financial resilience, community presence, and overall impact.
The trustees' annual report was approved on 5 June 2026 and signed on behalf of the board of trustees by:
D Lawal Trustee
3
Life Everlasting Parish Trustees. Annual Report (conllnuedj Year ended 30 June 2025
Life Everlasting Parish
Independent Examiner's Report to the Trustees of Life Everlasting Parish
Year ended 30 June 2025
I report to the trustees on my examination of the financial statements of Life Everlasting Parish ('the charity') for the year ended 30 June 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
" the accounting records were not kept in accordance with section 130 of the Charities Act;or
" the accounts did not accord with the accounting records; or
" the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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
Carrington Blake Accountancy Ltd Independent Examiner
3 South Quay Building
4 77 Marsh Wall London E14 9SH
05 June 2026
5
Life Everlasting Parish
Statement of Financial Activities
Year ended 30 June 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 19,607 | 19,607 | 26,842 |
| ──────── | ──────── | ──────── | ||
| Total income | 19,607 | 19,607 | 26,842 | |
| ════════ | ════════ | ════════ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 16,615 | 16,615 | 27,033 | |
| Expenditure on charitable activities | – | – | 37,000 | |
| Other expenditure | 5 | 1,208 | 1,208 | – |
| ──────── | ──────── | ──────── | ||
| Total expenditure | 17,823 | 17,823 | 64,033 | |
| ════════ | ════════ | ════════ | ||
| ──────── | ──────── | ──────── | ||
| Net income/(expenditure) and net movement in funds | 1,784 | 1,784 | (37,191) | |
| ════════ | ════════ | ════════ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 38,646 | 38,646 | 79,419 | |
| ──────── | ──────── | ──────── | ||
| Total funds carried forward | 40,430 | 40,430 | 42,228 | |
| ════════ | ════════ | ════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
6
Life Everlasting Parish
Statement of Financial Position
30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 10 | – | 265 |
| Current assets | |||
| Debtors | 11 | – | 2,073 |
| Cash at bank and in hand | 40,880 | 40,340 | |
| ──────── | ──────── | ||
| 40,880 | 42,413 | ||
| ──────── | ──────── | ||
| Net current assets | 40,880 | 42,413 | |
| ──────── | ──────── | ||
| Total assets less current liabilities | 40,880 | 42,678 | |
| Creditors: amounts falling due after more than one year | 12 | 450 | 450 |
| ──────── | ──────── | ||
| Net assets | 40,430 | 42,228 | |
| ════════ | ════════ | ||
| Funds of the charity | |||
| Unrestricted funds | 40,430 | 42,228 | |
| ──────── | ──────── | ||
| Total charity funds | 13 | 40,430 | 42,228 |
| ════════ | ════════ |
These financial statements were approved by the board of trustees and authorised for issue on 5 June 2026, and are signed on behalf of the board by:
D Lawal Trustee
The notes on pages 8 to 13 form part of these financial statements.
7
Life Everlasting Parish
Notes to the Financial Statements
Year ended 30 June 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 71-75 Shelton Street, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Life Everlasting Parish
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
9
Life Everlasting Parish
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
10
Life Everlasting Parish
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Building fund | – | – | 26,842 | 26,842 |
| Collections | 19,607 | 19,607 | – | – |
| ──────── | ──────── | ──────── | ──────── | |
| 19,607 | 19,607 | 26,842 | 26,842 | |
| ════════ | ════════ | ════════ | ════════ | |
| Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Purchases | 1,208 ═══════ |
1,208 ═══════ |
– ════ |
– ════ |
5. Other expenditure
6. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 794 | 264 |
| ════ | ════ |
11
Life Everlasting Parish
Notes to the Financial Statements (continued)
Year ended 30 June 2025
7. Independent examination fees
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | – | 472 |
| ════ | ════ |
8. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
9. Trustee remuneration and expenses
No trustee has been paid remuneration from employment with the charity.
10. Tangible fixed assets
| Equipment | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| At 1 July 2024 and 30 June 2025 | 1,059 | ||
| ═══════ | |||
| Depreciation | |||
| At 1 July 2024 | 265 | ||
| Charge for the year | 794 | ||
| ─────── | |||
| At 30 June 2025 | 1,059 | ||
| ═══════ | |||
| Carrying amount | |||
| At 30 June 2025 | – | ||
| ═══════ | |||
| At 30 June 2024 | 794 | ||
| ═══════ | |||
| 11. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other debtors | – | 2,073 | |
| ════ | ═══════ | ||
| 12. | Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 450 | 450 | |
| ════ | ════ |
12
Life Everlasting Parish
Notes to the Financial Statements (continued)
Year ended 30 June 2025
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 July 2024 | Income | Expenditure | 30 June 2025 |
||
| £ | £ | £ | £ | ||
| General funds | – | 19,607 | (17,823) | 1,784 |
|
| Unrestricted fund 68 - desc in a/cs | 38,646 | – | – | 38,646 | |
| ──────── | ──────── | ──────── | ──────── | ||
| 38,646 | 19,607 | (17,823) | 40,430 |
||
| ════════ | ════════ | ════════ | ════════ | ||
| At | |||||
| At 1 July 2023 | Income | Expenditure | 30 June 2024 | ||
| £ | £ | £ | £ | ||
| General funds | – | 26,842 | (64,033) | (37,191) |
|
| Unrestricted fund 68 - desc in a/cs | 79,419 | – | – | 79,419 | |
| ──────── | ──────── | ──────── | ──────── | ||
| 79,419 | 26,842 | (64,033) | 42,228 |
||
| ════════ | ════════ | ════════ | ════════ |
13
Life Everlasting Parish
Management Information
Year ended 30 June 2025
The following pages do not form part of the financial statements.
14
Life Everlasting Parish
Detailed Statement of Financial Activities
Year ended 30 June 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Building fund | – | 26,842 |
| Collections | 19,607 | – |
| ──────── | ──────── | |
| 19,607 | 26,842 | |
| ──────── | ──────── | |
| ──────── | ──────── | |
| Total income | 19,607 | 26,842 |
| ════════ | ════════ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Rent | 10,780 | 22,526 |
| Other motor/travel costs | 4,688 | – |
| Telephone | – | 57 |
| Depreciation | 265 | 265 |
| DetailedSOFAExpenditureOnRaisingDonationsType1H | 432 | 235 |
| – | 3,500 | |
| 450 | 450 | |
| ──────── | ──────── | |
| 16,615 | 27,033 | |
| ──────── | ──────── | |
| Expenditure on charitable activities | ||
| DetailedSOFAExpenditureOnCharitableActivitiesType4H | – | 37,000 |
| ──── | ──────── | |
| Other expenditure | ||
| Purchases | 1,208 | – |
| ─────── | ──── | |
| ──────── | ──────── | |
| Total expenditure | 17,823 | 64,033 |
| ════════ | ════════ | |
| ──────── | ──────── | |
| Net income/(expenditure) | 1,784 ════════ |
(37,191) ════════ |
15
Life Everlasting Parish
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies - Donations | ||
| Donations - depreciation | 265 | 265 |
| ──── | ──── | |
| Costs of raising donations and legacies - Other type 1 | ||
| Rent | 10,780 | 22,526 |
| Storage | 4,688 | – |
| Telephone | – | 57 |
| IT cost | 432 | 235 |
| Missionary | – | 3,500 |
| Accountancy fees | 450 | 450 |
| ──────── | ──────── | |
| 16,350 | 26,768 | |
| ──────── | ──────── | |
| ──────── | ──────── | |
| Costs of raising donations and legacies | 16,615 | 27,033 |
| ════════ | ════════ | |
| Expenditure on charitable activities | ||
| Activity type 21 | ||
| Activities undertaken directly | ||
| Office expenses | – | 37,000 |
| ──────── | ──────── | |
| ──── | ──────── | |
| Expenditure on charitable activities | – | 37,000 |
| ════ | ════════ |
16