LIFEGATE CHRISTIAN CHAPEL UK
THE TRUSTEES ANNUAL REPORT AND STATEMENT OF RECEIPTS & PAYMENTS
for the year ended 31 DECEMBER 2024
| Contents | Page |
|---|---|
| Trustees' annual report | 2-3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 |
LIFEGATE CHRISTIAN CHAPEL UK TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report together with the financial statements and the independent examiner’s report for the year ended 31 DECEMBER 2024.
Legal and Administration Details
Full name Lifegate Christian Chapel UK
Also Known As LCC UK
Registered charity number 1182497
Trustees
Mr George Hooper Mrs Stella Opoku Mr Richard Korley
Principal Address
14 Whitehall Close Liverpool L4 1XD
Bankers
Barclays Bank Liverpool United Kingdom
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LIFEGATE CHRISTIAN CHAPEL UK TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Governance and management
The Charity was registered on the 24[th] of February 2016 as a Charitable Incorporated Organisation.
The Charity is operated under the rules of its Constitution adopted on the 15[th ] of March 2019. An Amendment was made by special resolution to the change of name to Lifegate Christian Chapel UK.
Objects and Activities of the Charity
The objects of the Church are, for the benefit of the public:-
To advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit;
Summary of the main activities undertaken for the public benefit
The trustees have given due regard to the public benefit guidance as issued by the Charity Commission. Various activities and ministries, such as worship services, prayer meetings, Bible Studies and music practice were available during Sundays and other days of the week.
Other events that has been effective and fruitful that the ministry has been involved in is activities on the social media platform such as the Facebook and YouTube. Counseling and prayers have been offered to many from other parts of UK and different countries around the world but mainly through online platforms.
The Main achievements and Performance during the period
The activities such as worship service, Bible studies, music practice and prayer meetings continued to be held on online as before because securing meeting places was a challenge. Our main objective for the year was to improve online streaming services as the church had no venue for meeting physically. A new computer and other systems especially equipped for online streaming services were purchased to improve on the online streaming experience. The estimated cost was significant for our budget but necessary for the ministry.
The growth of the membership was very challenging this year as we were hampered in meeting physically as a church because of complications in securing a permanent venue to meet in. There was an emphasis on evangelism and strategies were thought through but not all of them were implemented. We also continue praying for the United Kingdom as a whole for peace, good health and welfare of the citizens and also revival and blessings for our city.
Financial Review
Total receipts increased to £4,637 for the year ended 31[st] December 2024 compared to the previous year (2023: £4,146). The total expenditure for the same period significantly decreased to £2,601 compared to the previous year (2023: £4,674). The surplus for the year was £2,036 at the end of the year.
The Charity's Policy on Reserves
We do not normally have any financial obligations and our only essential need is to meet the monthly core costs. The trustees are in the process of formulating a Reserves Policy in the coming year since this is this is early years of operation.
Approved by the trustees on 12/09/2025 and signed on their behalf by
Full Name: George Hooper Position/Title: Chair of Trustees
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LIFEGATE CHRISTIAN CHAPEL UK STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Receipts 1 Grants and Donations 2 Bank Interest Sundries Other receipts Total receipts Payments Room hire Banners and shipping expenses Zoom subscription costs Catering costs (water dispenser) Governance Costs Accounting services Computers & accessories Video lighting & audio equipment Church Admin Software and media accessories Donation (to a local charity) Total payments Net receipts/(payments) for the year Bank Balance at Jan 01/01/2024 Transfers between funds **Closing Balance @ 31 Dec 2024 ** |
Unrestricted Restricted Total Total Fund Fund 2024 2023 £ £ £ £ 4,637 4,637 4,146 |
|---|---|
| 4,637 4,637 4,146 |
|
0 0 0 0 0_0_ 0 0 144 0 0 0 0 0 0 130 130 130 0 0 1,837 681 681 433 103 103 736 1,187 1,187 1,394 500 500 0 |
|
| 2,601 2,601 4,674 |
|
| 2,036 2,036 (528) 10,838 10,838 11,405 (39) |
|
| 12,874 12,874 10,838 |
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LIFEGATE CHRISTIAN CHAPEL UK STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Monetary Assets | Notes | Funds | Funds | Total 2024 |
| £ | £ | £ | ||
| Bank and cash | 12,874 | 12,874 | ||
| 12,874 | 12,874 | |||
| Liabilities | ||||
| Accounting Services | 130 | 130 | ||
| 130 | 130 |
The Trustees declare that they have approved the Financial Statements above.
Signed on behalf of the Charity’s Board of Trustees:
Signed Stella Opoku – Trustee Dated: 12/09/25 Name and Position
Signed George Hooper – Chair of Trustees Dated: 12/09/25 Name and Position
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LIFEGATE CHRISTIAN CHAPEL UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below.
Basis of Preparation
The financial statements have been prepared using the receipts and payments basis. Receipts and payments accounts are statements that summarise the movement of cash into and out of the charity during the financial year. In this context "cash" includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due.
Fund Accounting
Endowment Funds are funds, the capital of which must be maintained; only income arising from the investment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted Funds represent (a) income from trusts and endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific purpose for which they were given. Any balance remaining unspent at the end of the period is carried forward as a balance on that fund.
Unrestricted Funds are general funds that can be used by the charity for any ordinary purposes. They include designated funds and free reserves. Free reserves are those funds available to be used at the discretion of the charity that have not been designated for any particular purpose and have not been invested in fixed assets.
2.Voluntary receipts
| Offerings Tithes Donations Total |
Unrestricted Restricted 2024 Fund Fund Total £ £ £ 1,167 1,167 3,287 3,287 183 183 |
|---|---|
| 4,637 4,637 |
3. Expenses
The expenses are fully reflected in the Statement of Receipts and Payments.
4. Trustees' remuneration
Trustees received no expenses, remuneration or benefits in this period.
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BLANK
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