.(IIRII// Psalm 1..3 LIVING SPRING CHRISTIAIY ASSEMBLY rity Number: 1180133 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021
LIVING SPRING CHRISTIAN ASSEMBLY TRUSTEES, REPORT AND FINANCIAL STATEMENTS 30TH SEPTMBER 2021 CONTENTS Page Charitys General Infommtion Trustees Report Statement of Financial Activities Independent Exarniner's Ret Summary of Financial Activities Balance Sheet Notes to the FinwKial Statements
LIVING SPRING CHRISTIAN ASSEMBLY GENERALINFORMATION 30TH SEPTMBER 2021 Charity's General InforRll2tion TRUSTEES: Elder OYEDELE S. JENROLA- Chairnian Mrs ABIMBOLA OLAWUYI - Secretary Mrs ADETEtU KOYETO Elder DAPO KOYFJO Rev Mrs OLUWAUNMtLAYO OKOME PASTOR IN CHARGE: Rev Dr LUCKY O. OKOME PRINCIPAL AND WORSHtP OFFICE: 14 tvy STREEr mhester M40 9LN COMPANY REGISTRATION NUMBER: CE015258 CIL4RITY NUMBER: 1180133 BANKERS: LLOYDS BANK ACCOUNTANTS: SUNEX CONSULTING Chartered Certified Accounrants 23 Beverley Street M9 4ED
LIVING SPRING CHRISTIAN ASSEMBLY FINANCIAL ACTIVITIES AND REVIEW 30TH SEiYfMBER 2021 FINANCIAL PERFORMANCE AND REVtEW OF FUTURE AcfIvITIES: During the year total incomes of £2.217 were realised atKI £I.179 expended. All trasaCtIOns the church and charity purp)ses. The net surplus movement in fuThl durit]g the year is £1,038. accounting period. The Trustees are pleased to rew)rt that the Church contlnued to be very swcessful in ministrring to many people, tncre&8ingty reaching out to the community through vari(ws initiatives achieved through its committed volunteers and and membership strength. The charity aims to ntInUallY buikj upon its currcnt achievements. effectively spreading the ethos of love and unity promoting the chritian faith in surrounding communities. STATEMEiYf OF TRUSTEES RESPOI¥4SIBILTrY: The charity's Tttts are responsible for preparation of finala] statements. and they Consider audft is not required for this year under s¢rtion 43(2) of th¢ Charities Act 1993 (the Act) and that an ind¢pendent examination is needed. In preparing these fjnancial statement& the Trustees are required to: select suitable accolmting policies and then appty them consistentty ' make judgemerts a1 estimths that reasonable a{ prudent prepare the fiTJancial statements on the going concern basis unless it is inappropriafr to presume that the chuwh will continue in operntional service. * the fmancial statements are prepared as qUired by Iaw to gtve a true aThl fair view of the state of affairs of the church surplus or dcficit for that peri(xl. and safeguard the assets of the church. INDEPENDEIYT EXAMINERS: The Trustees appointed Sunex Consulting (Cl)artered Certified Accountgnts) as its inderent examiners. And. a resolution for re-app)inknent will be Pro)Sed during the next meeting. This report w&$ approved by the Tn on 30th Decemb¢r 2021 and signed on their behalf by trustee: Name of Trustee: Elder OYEDELE S. JENROLA- Chairnun Page 3
LIVING SPRXNG CHRISTIAN ASSEMBLY TRUSTEES, REPORT 30TH SEPTMBER 2021 The Trustees of LIVING SPRNG CHRISTIAN ASSEMBLY {the charity) prescnt r¢port and Financial Ststement for the year ended 30th September 2021 which been prepared in accordance with the Ststement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in OCtor 2000 and Revised Tn 2005. LlVtNG SPRtNG CHRISTIAN ASSEMBLY. Manchester is a U.K regtstered charity which began &5 a Christian charitable association in September 2018, when the propkticalty cOnfMed His call upon their lives to establish vibrant new tcstam¢nt chuwh in the North West of England and to be a part of a church planting emphasis in the UK This fmancial year, LIVING SPRING CHRISTIAN ASSEMBLY. cijntinues to operdte &8 a Charity and Christan churc having over committed volunteers drawn from professional and I-profesSIOnal backwunds. STRUCTURE, GOVERNANCE & MANAGEMElYr: Th¢ Truslees have been delegated the day-t(Hlay ruT]ng of Ihe Clwity to five of dKir TTUStees. Major decisions are taken with consent and approval of all of the Trustees in aco)rth to the requirement of requirement of the gov¢ming document. The work is suprted by a number of volun*ers. POLICIES AND OBJECTIVES: LlVtNG SPRING CHRISTIAN ASSEMBLY exists for . l. The advancement of the Christian Fatth for the benefit of the public in accor with statements ofbelief in JESUS CHRIST thlls. 2. The provisi(m of relief essentials in ManclKster area in such other parts of th¢ UnTted Kingdom, grants. items and s¢ryices to indiyiduals in need aVor charities, or other organi5abons working to prevent or relieve pov¢rty. 3. The furtherance of the charitabk work of the charity by the advancement of such other charitable purSeS &$ trustees shall decid¢ from time to time. ACTIVITIES IN SUPPORT OF PUBLIC BE14EFITS: The activities of the Charity have benefited aehievem¢nt in following ways in the ended 30th September 2021: I. HOMELESS SERVICES PROJECT Our outreach is anchor on reaching out to rough sleepers on street of mantster WIK) are homeless, w and hungry We use christian faith as tcK)Is for increasing knowledge and promoting posittyc bchaTriourdl change in communities by provision of essentlals of foodldrinks. kSAK1 8lovesn)ats. tthsle/bSh¢S. in festival pcriods for them to have sense of belonging and enjoying celebration of Christmas in remembrance of the birth of our Lord. JESUS CHRIST. All members of TSteeS of the Charity are volunteer Chaplai in meetings with homekss people once a year. 2. FEMALE YOUTH KITCHEN PROGRAMME Thc charity is at the point of introductng c(K)kin8 progrdmm¢ to young girls. Irs of notorious popularity that severdl young ladies have littk or rKP knowledge of preparing f(Kd at home as they are abiThling culture of fast fiKKI and take away f(XKi which to sotne extent contribulin8 to marriage breakdow with misunderstanding.
LIVING SPRING CHRISTIAN ASSEMBLY INDEPENDENT EXAMINER'S REPORT 30TH SEPTMBER 2021 I have examined the fllwR¢iai statements, which comprlses the financial activities. the Balance Sheet and the related Notes on pages 7 to 8 and the accounting policies of LIVING SPRING CHRISTIAN ASSEMBL Y for the y¢ar ended 30th September 2021. This report made solely to the Clwitys Trustees {wlx) arc the members of the charity for the pUt[s of charity obligations) and are responsible for the preparation of the accounts. Tr TTUStees think that an audit is not required for this year under section 43(2) of the Clwities Act 1993 (the Act) aThl that an iwent examinatM)n is needed. Respective responsibililies of Trustees and Independent Examiner: As de%ribed on page 3. the Tnjstees are responsible for the preparation of fman¢ial slxtements. It is my responsil)ilty to carry out an independent examination of those fina]Kial statements and issue a report based on that examinatiOTL Seop¢ Of examiner's Statement: I conduct¢d my examination in lin¢ with dirccti(ms given by the Cty Conunission uThler section 43(7)(b) of the Charities Act 1993. An examination includes a review of accounting records kept by the charity and comparison of the financial statements with those records as well as explanations from trustees concerning the records. The procedures undertaken do not provide all the evidence that would be r4uir¢d in an audiL Consequently no audit opinion is gtven and the rep)rt is limi to the statements klow: Independent examineTS ststement: In connection with our examinatio no matter h&8 come to my attention: l. Which gives me rwonable U$¢ tt) lieve in any material respect the rquirements: * To keep accounting records in accordance with section 41 of the Companies Ad 2006, * To prepare fmancial statements whKh accord with the accounting records and compty with the accounting requirements of section 386 of the Companies Act 2006 and with the metlKMls atKI principles of the SORP.. Accounting and Rewting by Charities hav¢ rnt tw) m¢L ( 2. Which in our opinion, attention sknuld be drawn in order to enabk a proper tstsJers1n8 of financial statements to k reached. Signed: and dated 30th Decwnber 2021 SUNEX CONSULTING Chartered Certified Accountants 23 Bev¢rl¢y Street M9 4ED
LIVING SPRING CHRISTIAN ASSEMBLY SUMMARY STATEMENT OF FINANCIAL ACTtVITIES 30TH SEPTMBER 2021 2021 TOTAL Funds 2020 TOTAL Funds Unrestricted Funds Restricted Funds NOTES INCOMING RESOURCES: Voluntary Donations Income TOTAL INCOMING RESOURCES: 2,217 2217 2.217 2217 1,878 1,878 RESOURCES EXPENDED: Charitable Activities Govemance Costs T(YfAL RESOURCES EXPENDED: 559 620 (1,179) 559 620 (1,179) 647 588 (1,235) NET MOVEMENT IN FUNDS FOR THE YEAR 1,038 1,038 643 Page 5
LIVING SPRING CHRISTIAN ASSEMBLY BALANCE SHEET 30TH SEFfMBER 2021 NOTES 2021 2020 FIXED ASSETS Tangible Assets 280 350 350 CURRENT ASSETS Cash at Bank 2,931 2931 1.622 1,622 Amount Due Within l Year 766 NET CURRENT ASSETS Amount Due After l Year TOTAL NET ASSETS 856 (o 1206 o) 2244 Gcneral Funds 2.244 2244 1,206 1206 These statements of fllwicial activty was approved by the Tnte¢S on 30th December 2021. and sigwl on their behalf by the trustee: Name of Truste¢: ABIMBOLA OLAWUYI . srthary Signature:........................... Page 6
LIVING SPRENG CHRISTIAN ASSEMBLY NOTES TO THE ACCOUNTS 30TH SEPTMBER 2021 I. ACCOUNTING POLICIES The financial statements have been prepared in accordance with applicable Accounting Standards in United Kingdom with the appliGation of FRSSE and the Statement of Recommended Practi"AcCOunting and Reporting by Charities" ("SORP 2000 and SORP 2005") issued by the Charity Commission. ASumM of the pritKipal aCc(nting p)li¢ies, which have been applied con5i5tently is set out below: (a) Basis of Preparation of Finallcial Stetements" The financial statements are prepared under the historic cost convention a1 include the resuh of chartty's operation, which are described in the Ttee'S Rep)rL of which are continuing. (b) Incoming Resources: All incomes is credited to the Statement of FinanciaI Activities on the earlier date of when they are received or when they are receivable. {c) Restricted Funds: Restricted ndS are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific Griteri4 will be mah¢d with a fair all(xatM)n of manag¢rnent and sUpt costs. There was a no Restricted during the year. (d) UDr£stri¢ted Funds: Unrestrtcted funds are donations, offerings and other incomes generated for the objects of the charity without furthcr specifi¢ purposes and are available for general and public futKI5. (e) Resources Expended: Dired Charithble expenditure includes all exlture incurred by the charity in pursuit of its charitable objectives. Govemance expenditure in¢ludes all costs incurred which relates to the charitable a1 for administaration of thc chartty in Compliance with constitutional and statutory requirements. Tangible Ftxed Assets and Depreciation: Tangible fjxed assets ar¢ stat¢d at cost kss depreciati(m. D¢prcciation is pn)vid¢d at Tates in ord¢r to wrik off cost of each assets, less their estimat residual value over its estimated useful life as follows: Officc Equipment 20 /0 at reducing balance Page 7
LIVING SPRING CHRISTIAF4 ASSEMBLY NOTES TO THE ACCOUNTS 30TH SEPTMBER 2021 2021 Unroytricted Restricted TOTAL Funds Funds Funds 2020 TOTAL Funds 2 Voluntary Donation Incomes= Tithe, Thanksglving and Offerings 2.217 2217 2,217 2217 1,878 1,878 3 Charitable gctivities Unrestricted Restri¢ted TOTAL Funds Funds Funds Iix) 100 459 459 TOTAL Funds 205 197 245 647 Homeless Donations Honorarium 559 559 4 Governance Costs unrestrict Rutri¢t¢d TOTAL Funds Funds 150 150 200 200 2(M) 200 70 70 620 620 TOTAL Funds 150 100 250 88 Rent & Utillties OtTi¢¢ Expense5 AOuntant Fees Depreciation of Assets 5 TANGIBLE FIXED ASSETS: Office Equipment TOTAL TOTAL COST I VALUATION: Opening Bale Additions Closthg Balance 454 75 529 454 75 529 454 75 529 DepreciatioD Opening Balance Charge for the Peri Closing Balance 179 70 249 179 70 249 91 88 179 Net Book Value Opening Balance Closing Balance 350 350 438 350 Page 8
LIVING SPRING CHRISTIAN ASSEMBLY NOTES TO THE ACCOUNTS 30TH SEPTMBER 2021 2021 2020 6 CREDITORS: AmouDt Due Within l Year Current Acwunt Accnllls 767 200 967 516 250 766 7 MOVEMEY4T IN STATEMENT OF FUNDS Unrestricted Restrict¢d FuTKb 1206 1.038 TOTAL Funds 1206 1.038 TOTAL Funds 563 643 Net Funds br()ught fonvard oiiior2020 Surplusl(Deficit) for the Year Net Funds Carrled forward 30109r2021