COMPANY REGISTRATION NUMBER: CE015728 CHARITY REGISTRATION NUMBER: 1180885 Christ Life Ministries (Leicester) Financial Statements 31 December 2023 RM ACCOUNTANCY SERVICES Chartered accountants & slalulory auditor Castle Cavendish Works Nottingham NG7 5PN
Christ Life Ministries (Leicester) Flnanclal Statements Year ended 31 December 2023 Pago Reference and adminislralive detai15 Trustees, annual report 24 Tru81e05' respon8ibililies 3latemeTIt Independent auditor's port to the members ststemenl of f5n8n¢ial activities (including income and expenditure account) statement of financial position Notès to the financi81 stat8rnenls 9-13 The following pages do not fomi part of the flnanclal statements Detailed statement of financi818ctivrtias 14
Christ Life Ministries (Leicester) Trustèès. Annual Report Ilncorporating the DirectOT'S Report) Year ended 31 December 2023 Rgferencè and administrative detsil¥ Registered ¢harity name Christ Life Ministries (Leester) Charlty reglstratlon numb•r 1180885 Company registration number CE015728 Prlnclpal offlce 84 Vaughan Way Leicester LE14SJ The trustees Faith Nyandoro Chinedun Okpokiri Company se¢rgtary Faith Nyandoro Independent Examlnar RM Accountancy SetVirn5 Castle Cavendish Wtsrf(s Nottingham NG7 5PN
Christ Life Ministries (Leicester) TTU$tee8' Annual Report Ilncorporating the Directorfs Report) (contlnved) Yèar èndèd 31 Dèe8mbèr 2023 The Iruslees, who are also the directors for the purpose6 ol company law, present their r8port and thè financial statem8nts of tha ¢harity foi the year ended 31 Decembgr 2023. Oblectlve¥ and actlvltles Oblectlves, strategles and actlvltles To sUPPOrt cotnrnunity by holding GhiisliarTr services and ¢onferen¢es. Publlc beneflt The charity has been able to support the community by holding Christian ServIS and conference5 in the h'nancial year. The trustee confirm that they have complied with the requirements of section 17 01 the Charities Act 2011 to have due regard to the public benefrt guidance published by the Charity Commission for England and Wales. Trustèes and offieors The tiustee5 and officers serving during the yoar and sin¢e the year end were as follows.. Trustee.. Chinedun Okpokiri Faith Nyandoro Sewtary.. Faith Nyandoro FlnancSal revlew Obl•ctlv•s and pollel•s The ch8rity's aCtiMlies expose il to a number of f nancial risks including credit risk. cash flow risk and liquidity risk. The use ol financial derivatives is govemed by the charity's policies approved by the t)oard ol trustee.which provide written principles on the use ol financial derivatives lo manage these risks. The charity does not use derivatsve financial instruments for specu1th.ve purposes. Credlt rl¥k The charity's principal financial assets are bank balances and cash. trade and other receivables. and investments. The charity's credit risk Is primarily attributable to rts trade receivables. The amounts presented in the balance sheet are net ol allowances lor doubtful receivables. An alli)w8nce for impairment is made where there is an identified loss event which. based on pievious experien, is evicJenTr ol a reduction in the recoverability ol the cash flows. The credit risk on liquid funds and derivab-ve financial instruments is limited because the count8rparties ar8 banks with high uedit-raling5 assigned by inteination81 credrt-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large nurnber of counterparties and ¢ustomers. The truslees, annual report was approved on ... Iruslees by. and signed on behalf of the board of
Christ Life Ministries (Leicester) Trustè•s' Annual Report Ilncorporating the DIrecto$ Report) (conllnuedl Year ended 31 December 2023 The trustÈès' annu81 report and the strategie report vIe approved on .. on behalf of the board ol trustees by.. Faith Nyando Se¢rètsry and Trustee
Christ Life Ministries {Leicester) Trustees. Responsibilities Statement Year ended 31 D8c8mber 2023 The trustees. who are also directors for the purposes ol company law, are respon3ible for preparing the tru3tees' report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the charity trvslee8 to prepare financial stat8m8nts foi èach year which give a true and fair view of the state ol affairs of the charitable company and the incoming resources and application ol resources. including the income and expenditure, for that period. In preparing these finaneial statements. the trustees ale required to". select suitable accounting policies and then apY them consistently., ob8erve tre methods and prinryples in the applicable Charities SORP". make judgments and accounting estimates that are reasonable and prudent., State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial staternenls on the going COnM basi8 unfe58 il is inappropriate to presume that the charity continue in business. The IrLJStee are responsible for keeping proper accounting record5 that disdosè with reasonable a¢curacy at any time tt)e financial position ol the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the applicable Charities IArKoun15 and Rèports) RegLJ18tions, and the provisions of the constitution. The Iruslee are also rèsponsible for safeguarding the assets ol the charity and henTr for taking reasonable steps for the prevention and detection of fraud and other Iiie9ularib"¢s. Approved by the trustee of the charity on . .and Signed on its behalf by..
Christ Life Ministries (Leicester) Independènt Audltorfs Rèport to the Members of Chrl$t Llle Mlnl$trlès (Lelcesterl Yèar ended 31 December 2023 In order lo assist you to fulfil your duties under the Companies Act 2006. wè have prepared for your 8pproval the accounts ol Christ Life Ministries (Leicesterl for the year ended 31 DeTrmber 2022 a5 set out on pages 7 to 14 from the ¢ompany's accounting records and from inforrnalion and èxplanations you have given us. As a practising member firm of the InstitLJte of Chartered Accountants in England and Wales IICAEW), we are subject to Its ethical and other professional requirernen15 which are detailed at http'.IlwvM.icaew.comlenlmeMberslregulation8-St8ndards-an&guidan I. This report is made solèly to the 8oard of Directors ol Christ Life Ministrie5 ILeiTrsterl, as a body, in aG¢ordance with the terms ol our engagernent letter. Ourwork has been undertaken solely to prepare for your approval the 8¢counts of Christ Life Ministries {Le1Ster) and state those rnatt6rs that we have agreed to state to the Board ol Directors ol Christ fe Ministriès (Leicesterl, as a body. in this report In accordance with ICAEW Technical Release 07116 AAF. To the fullest extent permitted by law, we do not accept or assurne responsibility to anyone other than Christ Life Ministries ILeicesterl and 113 Bo8id of D1CtOrS as a body lor our work or for this report, It is your duty to enyure that Christ Life Ministries (Leicesterl has kept adequate accountsng records and to prepare slatulory accounts that give a Irue and fair view ol the assets, liabilities, financial posilion and results of Christ Life Ministries ILeicesterl. You consider that Christ Life Ministries (Leiceslerl is exémpt from thè statutory audit requirement for the ye8r. We have not been Instructed to Carry out an audit or a review ol the accounts of Christ Life Ministries ILè4cesterl. For this reason, we have not verified the 3ccur2cy tsr completeness ol the accounting records or information and explanations you have given to us and we do not. Iherefoie, express any opinion on the statuttsry accounts.
Christ Life Ministries (Leicester) Inilepèndent ALtdltor's Rèptsrt to the M8rnb8r8 tsf Chri¥t Lrf8 ministri (Leitesterl Year ended 31 December 2023 I report to the trustee on my examination ol the accounts of Chri81 Life Ministries ILei¢tssterl for the year ended 31 December 2023. Responslbllltles and basls of report As the charity trustee of Christ Life Ministries ILeicesterl you are responsible lor Ihe preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe Acl'l. I report in respect ol My examination ol the Christ Life Ministries (Leicesterl's accounls 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 14515llbl of the Act. Independent &xamln•r's stat•mènt I have completed my examination. I confirm that no material matters have corne lo my attention in connection with the examinats.on giving me cause to bèlièv8 that in any material respect.. 1. accounting rècords wère not kept in respect of Christ Life Mini31rie8 ILeice8terl 3$ required by secb.on 130 of the Act.. or 2. the accounts do not accord with Ihoso rerdS." or 3. the account5 do not comply with the accounting requirernents concerning the form and wnlent ol accounts set out in the Charities (Accounts and Reportsl Ru1a"0nS 2008 other than any requirernent that the 8ccounts give a 'true and fair vievl which is not a matter considered as part of an independent examination. I have no cOnrn$ 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 under5tsnding of the accounts to be reached. RM Accountancy Services Chartered accountants & slalulory aydilor Castle Cavendish Works Nottingham NG7 5PN
Christ Life Ministries (Leicester) Slatgrn8nt of Flnanclal Actlvlti•s {Includlng Income and expendlture account) Year ended 31 Dember 2023 2023 un31Cted funds Total funds 2022 Total funds Not¢ Incoffle and endoymients Donations and legacies Total income 41,874 41,874 22,811 22.811 41,874 41,874 Expendlture Expenditure on charitable acbvities Total •xp•ndltur• 40,709 40,709 40,709 40,709 23.771 23.771 Net In¢omtllexndIlurel and nèt movèmènt In funds 1,165 1,165 1960 Roeonclllatjon of funds Total fvnds brought forward Totsl funds Carried forward 1,538 2,702 1,337 2,702 2,498 1.538 Thè statement of financial actwits.es includes all gains and losses recognised in the year. All income and expenditure derive from continuing activit'es.
Christ Life Ministries (Leicester) Statom&nt of Flnanelal Position 310ecember 2023 2023 2022 Not• Flxed assets Tangible fixed ass$ls 1.782 1,284 Curren¢ a$¥ets Debtors 936 408 Credltors.. amounts falllng due whhln one year Net current assets 10 16 154 920 Total assets less current IlabllFtles 2,702 1.538 Funds of the ¢harfty Unrestricted funds 2,702 1,538 Total eharlty funds 11 2,702 1,538 These financial staternenls were approved by the board of trustees and 8Lrthoriséd for issue on and are signod on beha of the board by.. Faith Nyandoro Secretary and Trustee Thè notes on pa9e$ 9 to 13 fomi part of th•s• finanelal statements.
Christ Life Ministries {Leicester) Notes to the Finan¢ial Statements Year end 31 D•c•mb•r 2023 General Informatlon The charity is a public bèn8fit entity 8nd a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 84 Vaughan Way, Leicester. LE14SJ. Slat•m•nt of eompliancè These finanryal statements have been prepared in cornpliance with FRS 102, 'The Financial Reporting Standaid applicab18 in the LIK and the Republic ol Ireland,, Ihe Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable sn the UK and Republic ol Ireland IFRS 1021 IChaThb"es SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcleB B)$1$ of pr•paratlon Christ Life Ministries (Leicesterl m8et$ the definition of 8 public benefrt entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless olheM5e slated in the relevant notelsl to these accounts. Exomptlon from preparlng a cash flow statsment The charity opted to eady adopt Bulletin 1 published on 2 February 2016 and have thèrefore not included a cash flow Statement in these financial ststements. Golng coneern Th8 trusteè considèr that thèrè 8ré no material uncertaints.es aboui the charity's abilty lo conb'nuo as a going concern. Income and endowments Voluntary income induding donations, gifts. legacies and grants that provide core funding or are of a general nature Is cogniSed when the charity has entitlement to the income. it is probable that the income will be received and the amount can be rnea5ured wlh suffi¢i¢nt feliability. Donatlons and legael•s Donations 8nd legacies are reoognised on 8 rècèiv8bl6 b8sis when reTript is probable and the amount can be reliably measured. EXndItre All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probabl8 setuernent is required and tha amount can be measured reliably. All costs are allttated to the applicable expenditure heading thataggregate similar costs to that categw. ere costs cannot be direcuy attributed to particular headings they have been allocated on bas15 consistent with the use of resources, with ntral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion ol the asset's use. Olhor support costs are allocated based on thespread ol staff costs.
Christ Life Ministries (Leicester) Notes to the Financial Ststsmgnts I¢oAlnuod) Year ended 31 December 2023 A¢¢ountlng polic1?¥ {¢0ty11rt¥od) Ralslng funds These are wsls inwrred in attracting voluntsry income. the man8gernenl of invèstsn¢nts and those incurred in trading actiwties that raise funds. support ¢ost$ Support costs include ntral functions and have been allocated to activity cost categories on basis consistent with the use of resource5, for example. allocating property costs by floor 819as. or per capita, staff costs by the time spent and other costs by their usage. Govgmance cost5 These include the costs attributable to the charity's compliance with constituiional and slalulory requirements, including audit, strategic management and Iruslee's rneelings and reirnbursed èxpenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 01 the Fin8nce Act 2010 and ther8fore it rneets the definition of a charitable company for UK eoiporab.on tax purposes. Accordingly, the charity is potentially exempt from taxation in respect ol income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 01 the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exdusively to charitae purposes. Tangiblè assèts Individual fixed assets costing £0.00 or more are initially reo)rded at CO81, less any subs8quent accumulated depCiatIon and subsequent accumulated impairm6nt losses. Depreciation Depreaation is calculated so as to lte off the cost or valuation of an asset, le83 its residual value. over the useful economic life ol that as5el as follows.. offi equipment 25% straight line Cash and eash •qulva18nts Cash and cash equivalents comprise cash on hand and call deposits, and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are Subject to an insignificant risk of eh8ng8 in value. Fund $tructur• Unrestricted income funds are general funds that are available for use at the trustee's dIretIOn in furtheran of the objectives ol the charity. 10
Christ Life Ministries (Leicester) Notes to th• Flnanclal Statements (conL(RuedJ Yèar ended 31 December 2023 Donation¥ and 1gga¢ig¥ Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Fund5 2022 Donatlons Appeals and donations 41,874 41,874 22.811 22.811 Exp•ndltura on charltable actlvltles by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Support and govemance co8ts 40,709 40,709 23.772 23.772 Expgndltur• on eharltsbl• actlvltlos by actlvlty type A1vIlle undertaken Total fund¥ dir8dly 2023 Total fvnd 2022 Support and 9ovemance costs 40,709 40,709 23,772 N•t Ineomellexpendlturel Net inc0rn81lexnditurÈI is stated after chargingllcreditingl.. 2023 2022 08preaation ol tangible fixed assets 2,056 1.246 Staff costs The average head counl of employees during the year was Nil12022'. Nill. Taxatlon The charity is 8 r¢gislered charity and is therefore exempt from taxation. 11
Christ Life Ministries (Leicester) Notes to the Flnancla5 Statements Year ended 31 December 2023 Tangible flxed assets Office eqllipment Total Cost At l January 2023 Additions 3,238 1,744 3,238 1.744 At 31 December 2023 4,982 4,982 Depreciation At l Janliary 2023 Charge for the year 1,144 2,056 1,144 2.056 At 31 December 2023 3,200 3,200 Carrying amount At 31 December 2023 1,782 1,782 At 31 Decernber 2022 2,094 2.094 Debtors 2023 2022 Cash at bank 936 408 10. Creditors: amounts falllng due wlthln one year 2023 2022 Accruals Trustee current accounts 526 15101 16 664 15101 154 12
Christ Life Ministries (Leicester) Not•s to the Flnanclal Statements l¢ontlnu•o1 Year ended 310e¢ember 2023 11. Analysis of eharltablo funds Unrestrlcted funds At 1 January 2023 At 31 Decemb¢r 2023 Income Expenditure General fijnds 1,538 41,874 140,7091 2,702 1,538 41.874 140,7091 2,702 At 1 January 2022 At 31 DeTrmber 2022 Incomè Expenditure General fiJrid5 2,498 22,811 123.7721 1,538 2,498 22,811 123.7721 1,538 The followlng page¥ do not f¢mi part of the flnan¢lal ¥tat•m•nts. 13
Christ Life Ministries {Leicester) Nots8 to th8 Detalled Statement of Financial A¢tivitig¥ Year ended 31 December 2023 2023 2022 Incom8 and èndowments Donatlons and legacles Appeals and donations 41,874 22,811 Total Income 41,874 22,811 Expèndltura on eharltabl• aetlvitl•s Religious ServiTrs Rent Light and heat Repair & maintenance TravEI & subsistence Advertising Motor expenses Training Relocation Fund Telephone Cleaning Depreciation charge office equipment Printing, postage, and stationery Accountancy fe88 Computer costs 14,207 11,300 3,529 740 1,624 619 991 1,180 1,560 1,626 2,143 11,900 1,631 571 351 2,500 1A53 40 810 470 350 705 1,246 420 1,667 40,709 23,772 Expendlture on charltable actlvltles 40,709 23,772 14