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2024-09-30-accounts

LIVING SPRING CHRISTIAN ASSEMBLY

Charity Number: 1180133

TRUSTEES' REPORT

AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

LIVING SPRING CHRISTIAN ASSEMBLY

TRUSTEES' REPORT AND FINANCIAL STATEMENTS 30TH SEPTMBER 2024

CONTENTS

Page
Charity's General Information 1
Trustees Report 2. - 4
Independent Examiner's Report 5
Balance Sheet 6
Notes to the Financial Statements 7. - 8

LIVING SPRING CHRISTIAN ASSEMBLY

GENERALINFORMATION 30TH SEPTMBER 2024

Charity's General Information

TRUSTEES:

PASTOR IN CHARGE:

PRINCIPAL AND WORSHIP OFFICE:

COMPANY REGISTRATION NUMBER:

CHARITY NUMBER:

BANKERS:

ACCOUNTANTS:

Elder OYEDELE S. JENROLA - Chairman Mrs ABIMBOLA OLAWUYI - Secretary Mrs ADETEJU KOYETO Elder DAPO KOYEJO Rev Mrs OLUWAUNMILAYO OKOME

Rev Dr LUCKY O. OKOME

14 IVY STREET Manchester M40 9LN

CE015258

1180133

LLOYDS BANK

SUNEX CONSULTING Chartered Certified Accountants 23 Beverley Street M9 4ED

Page 1

LIVING SPRING CHRISTIAN ASSEMBLY

TRUSTEES' REPORT

30TH SEPTMBER 2024

The Trustees of LIVING SPRING CHRISTIAN ASSEMBLY (the charity) present report and Financial Statement for the year ended 30th September 2023 which been prepared in accordance with the Statement of Recommended 'Practice (SORP) ''Accounting and Reporting by Charities'' issued in October 2000 and Revised in 2005.

LIVING SPRING CHRISTIAN ASSEMBLY, Manchester is a U.K registered charity which began as a Christian charitable association in September 2018, when the Lord prophetically confirmed His call upon their lives to establish vibrant new testament church in the North West of England and to be a part of a church planting emphasis in the UK. This financial year, LIVING SPRING CHRISTIAN ASSEMBLY, continues to operate as a Charity and Christan Church, having over committed volunteers drawn from professional and non-professional backgrounds.

STRUCTURE, GOVERNANCE & MANAGEMENT:

The Trustees have been delegated the day-to-day running of 'the Charity' to five of their Trustees. Major decisions are taken with consent and approval of all of the Trustees in accordance to the requirement of requirement of the governing document. The work is supported by a number of volunteers.

POLICIES AND OBJECTIVES:

LIVING SPRING CHRISTIAN ASSEMBLY exists for :

  1. The advancement of the Christian Faith for the benefit of the public in accordance with the statements of belief in JESUS CHRIST teachings.

  2. The provision of relief essentials in Manchester area and in such other parts of the United Kingdom, grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.

  3. The furtherance of the charitable work of the charity by the advancement of such other charitable purposes as trustees shall decide from time to time.

ACTIVITIES IN SUPPORT OF PUBLIC BENEFITS:

The activities of the Charity have benefited achievement in the following ways in the ended 30th September 2024:

1. HOMELESS SERVICES PROJECT

Our outreach is anchor on reaching out to rough sleepers on street of manchester who are homeless, poor and hungry. We use christian faith as tools for increasing knowledge and promoting positive behavioural change in communities by provision of essentials of food/drinks, socks/hand gloves/hats, toothpaste/brushes, in festival periods 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 Trustees of the Charity are volunteer chaplains in meetings with homeless people once a year.

Page 2

LIVING SPRING CHRISTIAN ASSEMBLY TRUSTEES' REPORT 30TH SEPTMBER 2024

2. FEMALE YOUTH KITCHEN PROGRAMME

The charity is at the point of introducing cooking programme to young girls. It's of notorious popularity that several young ladies have little or no knowledge of preparing food at home as they are abiding culture of fast food and takeaway food which to some extent contributing to marriage breakdown with misunderstanding.

FINANCIAL PERFORMANCE AND REVIEW OF FUTURE ACTIVITIES:

During the year total incomes of £5,206 were realised and £4,079 expended. All transactions were in respect of the church and charity purposes. There is a surplus movement in charity funds during the year which is £1,127.

the year which is £1,127.
NOTES
INCOMING RESOURCES:
Voluntary Donations Income
2
TOTAL INCOMING RESOURCES:
RESOURCES EXPENDED:
Charitable Activities
3
Governance Costs
4
TOTAL RESOURCES EXPENDED:
NET MOVEMENT IN FUNDS FOR THE YEAR		 Unrestricted
Funds
£
5,206
5,206
200
3,879
4,079
1,127		 Restricted
Funds
£
0
0
0
0
0
0		 2024
TOTAL
Funds
£
5,206
5,206
200
3,879
4,079
1,127		 2023
TOTAL
Funds
£
5,822
5,822
418
2,652
(3,070)
2,752

The Trustees are pleased to report that the church continued to be very successful in ministering to many people, increasingly reaching out to the community through various initiatives achieved through its committed volunteers and membership strength. The charity aims to continually build upon its current achievements, effectively spreading the ethos of love and unity promoting the christian faith in surrounding communities.

STATEMENT OF TRUSTEES RESPONSIBILITY:

The charity's Trustees are responsible for the preparation of financial statements in compliance with requirements as to its form and contents under section 132 (1) of the Charities Act 2011 and that an independent examination needed is needed. In preparing these financial statements, Trustees are required to:

Page 3

LIVING SPRING CHRISTIAN ASSEMBLY

TRUSTEES' REPORT 30TH SEPTMBER 2024

INDEPENDENT EXAMINERS:

The Trustees appointed Sunex Consulting (Chartered Certified Accountants) as its independent examiners. And, a resolution for re-appointment will be proposed during the next meeting. This report was approved by the Trustees on 4th May 2025 and signed on their behalf by trustee:

Name of Trustee: Elder OYEDELE S. JENROLA - Chairman

Signature: . . . . . . . . . . . . . . . . . . .

Page 4

LIVING SPRING CHRISTIAN ASSEMBLY INDEPENDENT EXAMINER'S REPORT 30TH SEPTMBER 2024

RESSPONSIBILITIES OF TRUSTEES & INDEPENDENT EXAMINER

As described on page 4, the Trustees are responsible for the preparation of financial statements. It is my responsibility to carry out an independent examination of those financial statements and to issue a report based on that examination.

SCOPE OF EXAMINERS' STATEMENT:

I conducted my examination in line with directions given by the Charity Commission under section 145(5) of the Charities Act 2011. 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 the trustees concerning the records. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently no audit opinion is given and the report is limited to the statements below:

INDEPENDENT EXAMINERS STATEMENT

We, as independent examiner have the requisite ability and practical experience to carry out a competent examination of the accounts in accordance with section 145(1)(a) of the Charities Act 2011.

We have examined the financial statements, which comprises the financial activities, the Balance Sheet and the related Notes on pages 7 to 8 and the accounting policies of LIVING SPRING CHRISTIAN ASSEMBLY for the year ended 30th September 2024.

This report is made solely to the Charity,s Trustees are responsible for the preparation of the accounts. The Trustees consider audit is not required for this year under section 160(1) of the Charities Act 2011 and that an independent examination is needed.

In connection with our examination, no matter has come to my attention:

Signed:

and dated 5th May 2025

SUNEX CONSULTING Chartered Certified Accountants 23 Beverley Street M9 4ED

Page 5

LIVING SPRING CHRISTIAN ASSEMBLY

BALANCE SHEET 30TH SEPTMBER 2024

LIVING SPRING CHRISTIAN ASSEMBLY
BALANCE SHEET
30TH SEPTMBER 2024
NOTES
FIXED ASSETS
Tangible Assets
5
CURRENT ASSETS
Debtor
Cash at Bank
Creditors
6
NET CURRENT ASSETS
Amount Due After 1 Year
TOTAL NET ASSETS
CHARITY FUNDS
General Reserves
7		 2,000
9,350
11,350
(3,000)		 2024
£
327
327
8,350
(0)
8,677
8,677
8,677		 0
8,329
8,329
(958)		 2023
£
179
179
7,371
(0)
7,550
7,550
7,550

The trustees are satisfied that the charity is entitled to exemption from audit under section 160(1) of the Charities Act 2011 for the accounting period ended 30th September 2024.

The trustees acknowledge their responsibilities for:

charitable as at the end of the period in accordance with section 132(1) of the Charities Act 2011.

Approved by the Trustees on 4th May 2025, and signed on their behalf by the trustees:

Name of Trustee: Mrs ABIMBOLA OLAWUYI - Secretary

Signature: . . . . . . . . . . . . . . . . . . . . . . . . . . .

Page 6

LIVING SPRING CHRISTIAN ASSEMBLY

NOTES TO THE ACCOUNTS 30TH SEPTMBER 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with applicable Accounting Standards in United Kingdom with the application of FRSSE and the Statement of Recommended Practice 'Accounting and Reporting by Charities'' (''SORP 2000 and SORP 2005'') issued by the Charity Commission. Asummary of the principal accounting policies, which have been applied consistently is set out below:

(a) Basis of Preparation of Financial Stetements;

The financial statements are prepared under the historic cost convention and include the result of charity's operation, which are described in the Trustee's Report, all of which are continuing.

(b) Incoming Resources:

All incomes is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.

(c) Restricted Funds:

Restricted funds are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific criteria, will be matched with a fair allocation of management and support costs. There was a no Restricted during the year.

(d) Unrestricted Funds:

Unrestricted funds are donations, offerings and other incomes generated for the objects of the charity without further specific purposes and are available for general and public funds.

(e) Resources Expended:

Direct Charitable expenditure includes all expenditure incurred by the charity in pursuit of its charitable objectives. Governance expenditure includes all costs incurred which relates to the charitable and for administaration of the charity in compliance with constitutional and statutory requirements.

Tangible Fixed Assets and Depreciation:

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates in order to write off cost of each assets, less their estimated residual value over its estimated useful life as follows: Office Equipment 20% at reducing balance

Page 7

LIVING SPRING CHRISTIAN ASSEMBLY

NOTES TO THE ACCOUNTS

LIVING SPRING CHRISTIAN ASSEMBLY
NOTES TO THE ACCOUNTS
30TH SEPTMBER 2024
2 DONATIONS
Tithe, Thanksgiving and Offerings
3 CHARITABLE ACTIVITIES
Homeless
Conference
Donations
Honorarium
4 GOVERNANCE COSTS
Rent & Utilities
Office Expenses
Accountant Fees
Depreciation of Assets
5 TANGIBLE FIXED ASSETS:
COST / VALUATION:
Opening Balance
Additions
Closing Balance
Depreciation
Opening Balance
Charge for the Period
Closing Balance
Net Book Value
Opening Balance
Closing Balance
6 CREDITORS: Amount Due Within 1 Year
Current Account
Accruals
7 MOVEMENT IN STATEMENT OF FUNDS
Net Funds brought forward 01/10/2023
Surplus/(Deficit) for the Year
Net Funds Carried forward 30/09/2024		 Unrestricted
Funds
£
5,206
5,206
0
0
0
200
200
2,747
950
100
82
3,879
7,550
1,127		 Restricted
Funds
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 2024
TOTAL
Funds
£
5,206
5,206
0
0
0
200
200
2,747
950
100
82
3,879
Office
Equipment
529
230
759
350
82
432
179
327
2,900
100
3,000
7,550
1,127
8,677		 2023
TOTAL
Funds
£
5,822
5,822
88
130
100
100
418
2,160
347
100
45
2,652
Office
Equipment
529
0
529
305
45
350
224
179
858
100
958
4,798
2,752
8,677 7,550

Page 8