Annual Report
London True Life Church For the period ended 30 April 2024
Prepared on 27 February 2025
Table of Contents
Independent Examiner's Report. .................................................................................................................. 3 Profit and Loss ................................................................................................................................................. 4 Balance Sheet ................................................................................................................................................. 5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LONDON TRUE LIFE CHURCH
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 April 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts 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.
Vincent Lim FCCA MA BSc(Hons) VNW Limited 70 Dowdeswell Close London SW15 5RL
27[th] February 2025
Profit and Loss
May 2023 - April 2024
| Profit and Loss May 2023 - April 2024 |
|
|---|---|
| Total | |
| INCOME | |
| Church Camp Fees received | 3,907.00 |
| Donations | 51,641.83 |
| Total Income | 55,548.83 |
| EXPENDITURES | |
| Accountancy Fees | 630.00 |
| Church Camp | 15,230.00 |
| Donation Contributions | 1,922.68 |
| General Supplies | 1,521.94 |
| Grocery | 4,273.62 |
| Insurance | 328.38 |
| Membership Fee | 90.00 |
| Office/General Administrative Expenses | 332.95 |
| Rent | 10,523.00 |
| Teacher Fees | 1,330.00 |
| Total Expenditures | 36,182.57 |
| NET OPERATING INCOME | 19,366.26 |
| NET INCOME/(EXPENDITURE) | £19,366.26 |
4
London True Life Church
Balance Sheet
As of April 30, 2024
Total
| Total | |
|---|---|
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| Barclays Bank | 377,812.95 |
| Total Cash at bank and in hand | 377,812.95 |
| NET CURRENT ASSETS | 377,812.95 |
| NET CURRENT ASSETS(LIABILITIES) | 377,812.95 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 377,812.95 |
| TOTAL NET ASSETS (LIABILITIES) | £377,812.95 |
| CHARITY FUNDS | |
| Opening Balance Equity | 166,429.45 |
| Retained Earnings | 192,017.24 |
| Surplus/(Deficit) | 19,366.26 |
| Total Charity funds | £377,812.95 |
5
London True Life Church