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2022-12-31-accounts

Trustees Annual Report and Financial Report

God life Church Registered Charity Number: 1196019

For the year ended 31[st] December 2022

CONTENTS

Table of Contents

Trustees Annual Report -----------------------------------------------------------------------------------------2 Statement of Financial Activities (Accrual Account) ------------------------------------------------------5 Balance Sheet (Assets and Liabilities Statement) ----------------------------------------------------------6 Notes to the Account --------------------------------------------------------------------------------------------7

God Life Church

Trustee Annual Report for the year end 2022

Aims and Purposes

To advance the Christian Faith religion for the benefit of the public mainly, but not exclusively, by means of broadcasting Christian messages of an evangelistic and teaching nature, contributing to the spiritual and moral education of adults and children.

To advance the Christian religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of Christian religious festivals, producing and/or distributing literature on the Christian faith to enlighten others about the Christian religion. Being open to and engaging with society as a whole and offering support for those needing help such as visiting people who are distressed, sick or dying, or providing food and shelter to the homeless as are fundamental to the practical delivery of the benefits of Christianity.

Objectives and Activities

God Life Church has set out their objectives for the year as:

Trustees have regard to the guidance issued by the Charity Commission on public benefit.

Chair’s (Pastor’s) Report

Personally, it’s been a year of making positive changes in the lives of others. So, as I reflect on the year and the triumphs and challenges of growing a new church, it would seem that I have achieved less than usual. However, I am glad to say that God has still been at work! I find Psalm 127 vs 1 particularly helpful: “Unless the LORD builds the house, the builder labour in vain.” We can be a busy church and busy people, but unless the LORD is in our work then it is all a waste of time. I believe the chief lesson from this is that we should be a people of prayer – praying to our heavenly Father and asking him to guide us and use us in his building work. So, as I look forward with faith and hope, as we continue in the teaching of the Word, deep prayer, and that ultimately, we might see God’s plans take shape in our midst through the work of his Holy Spirit.

Structure, Governance and Management

Governing Document: The charity is a Charitable Incorporated Organisation, and it is controlled by her governing document and it’s a constitution.

Recruitment and Appointment of New trustees: The charity has a written policy in respect of recruitment and appointment of voluntary and non-voluntary workers including trustees. New trustees’ opportunities are posted on the charity’s website and may also be selected based on recommendation from the pastoral board. They will provide their contribution and skills to the governance of the charity. They are provided with copies of the charity’s commission’s guidance to trustees and an introduction to the activities of the charity. The current board of trustees is made up of committed and selfless and hardworking individuals.

Risk Management: The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees confirm that considerations have been given to the major risks to which the charity is exposed and that systems have been designed and established to mitigate those risks.

Financial Review

The financial statements for the year ended 31[st] December 2022 shows a total incoming resource (detailed under accounts note 3) for the church as a whole was £9,339. The main components were voluntary giving of £9,339, there were no other activities for generating funds. Total resources expended (detailed under accounts note 6) amounted to £7,370. Total church funds available at 31[st] December 2022 were £1,969.

Assets were valued at cost to be £1018 at the end of the year.

Investment Performance: The charity has decided that at present, funds should be retained in the banks. Any change in such banking arrangements should be agreed and approved by the board of trustees and the pastoral board.

Internal and external factors: Factors relevant to achieving objectives: The most important factor is the continued commitment from members both financially and voluntary contributions.

The charity’s financial position: This is now being meticulously built carefully keeping cost to the minimum, without compromising the quality of services rendered.

Principal funding Sources: The charity’s principal funding is through members’ voluntary contributions and donations.

Child Protection and Safeguarding

DBS checks on all Church members involved with children and vulnerable people are reviewed regularly. We all share responsibility in safeguarding. Victor Maxwell is the Safeguarding Officer; he is assisted by Idira Obasse.

Names of the Charity Trustees who manage the charity

Trustee Name Office (if any)
1 Mr. Victor Maxwell Chair
2 Dr.IdiraObasse Trustee
3 Mr. Bryan Beverley Trustee
4 Mrs.Ifeoma Ehizojie Trustee

Statement of Financial Activities for the year ended 31[st] December 2022

----- Start of picture text -----
Charity Name: GOD LIFE CHURCH Charity No
(if any)
1196019 1196019
Annual accounts for the period
Period end
Period start date 01/10/2021 To date 31/12/2022
Section A Statement of financial activities
Restricted
Recommended categories by Unrestricted income Endowment Prior year
activity funds funds funds Total funds funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 9,339 - - 9,339
Charitable activities S02 - - - - -
Other trading activities S03 - - - - -
Investments S04 - - - -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 9,339 - - 9,339 -
Resources expended (Note 6)
Expenditure on:
Raising funds S08 - - - -
Charitable activities S09 893 - - 893
Separate material item of expense S10 621 - - 621
Other S11 5,856 - - 5,856
Total S12 7,370 - - 7,370 -
Net income/(expenditure) before investment
gains/(losses) S13 1,969 - - 1,969
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 1,969 - - 1,969 -
Extraordinary items S16 - - - - -
Transfers between funds S17 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 1,969 - - 1,969 -
Reconciliation of funds:
Total funds brought forward S21 - - -
Total funds carried forward S22 1,969 - - 1,969 -
Guidance Notes
----- End of picture text -----

Balance Sheet (Assets and Liabilities Statement)

Section B Balance sheet

Fixed assets
Intangible assets (Note 15)
Tangible assets (Note 14)
Heritage assets (Note 16)
Investments (Note 17)
Total fixed assets
Current assets
Stocks (Note 18)
Debtors (Note 19)
Investments (Note 17.4)
Cash at bank and in hand (Note 24)
Total current assets
Creditors: amounts falling due within
one year (Note 20)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 20)
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Endowment funds (Note 27)
Restricted income funds (Note 27)
Unrestricted funds
Revaluation reserve
Total funds
Signed by one or two trustees on behalf of all
the trustees		 Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10

B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21		 Unrestricted
funds
£
F01		 Restricted
income
funds
£
F02		 Endowment
funds
Total this
year
£
£
F03
F04		 Endowment
funds
Total this
year
£
£
F03
F04		 Total last
year
£
F05
- - - - -
1,018 - - 1,018
- - - - -
- - - - -
1,018 - - 1,018 -
- - - - -
- - - - -
- - - - -
1,969 - - 1,969
1,969 - - 1,969 -
- - - - -
1,969 - - 1,969 -
2,987 - - 2,987 -
- - - - -
- - - - -
2,987 - - 2,987 -
- - -
- - -
2,987 - 2,987
-
2,987 - - 2,987 -
Signature Print Name Date of
approval
dd/mm/yyyy
Victor Maxwell 24/10/2023
Idira Obasse 24/10/2023

Notes to the Account

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

Charity Commission

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the N/A conclusion that the charity is a going concern; Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes
No		 ü * -Tick as appropriate * -Tick as appropriate
Please disclose:
(i) the nature of t he chang e in accounting policy; N/A
(ii) the reasons w
provides more re		 hy applyi
liable and		 ng the new accounting policy
more relevant information; and		 N/A
(iii) the amount o
the current perio
aggregate amou
before those pre		 f the adju
d, each pr
nt of the a
sented, 3.		 stment for each line affected in
ior period presented and the
djustment relating to periods
44 FRS 102 SORP.		 N/A
No changes to ac
1.4 Changes to		 countinges
accounti		 timates have occurred in the reporting period(3.46 FRS 102 SORP).
ng estimates
Yes
No		 ü * -Tick as appropriate
Please disclose:
(i) the nature of a ny chang es; N/A
(ii) the effect of t
assets and liabili		 he change
ties for th		 on income and expense or
e current period; and		 N/A
(iii) where practic
more future perio		 able, the
ds.		 effect of the change in one or N/A

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes
No
Please disclose:		 ü * -Tick as appropriate * -Tick as appropriate
(i) the nature of t he prior p eriod error; N/A
(ii) for each prior
amount of the co
affected; and		 period pr
rrection f		 esented in the accounts, the
or each account line item		 N/A
(iii) the amount o
earliest prior peri		 f the corr
od presen		 ection at the beginning of the
ted in the accounts.		 N/A
Section C Notes to the accounts (cont) Yes
No
N/a
 Yes
No
N/a
 Yes
No
N/a
Note 2 Accounting policies
2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or
additional policy has been adopted then this is detailed in the box below.
Recognition of income
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in the
SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the
fair value of those gifts at the time of their receipt and they are recognised on receipt. In
the reporting period in which the stocks are distributed, they are recognised as an expense
at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of the
gift to the charity provided the value of the gift can be measured reliably.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on donations
and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance sheet.
On its sale the value of stock is charged against 'Income from other trading activities' and
the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü ü ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations andgifts
9,339
- -9,339
-
Gift Aid
- - - - -
Legacies
- - - - -
General grants provided by government/other
charities
- - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - -
Total 9,339
- -9,339
-
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasingincome
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held for
charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
Total
- - - - -
9,339
- -9,339
-
Other information:
TOTAL INCOME
Other:
Other trading
activities:
Income from
investments:
Separate
material item
of income:
Analysis
Donations
and legacies:
Charitable
activities:		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Analysis
Donations andgifts
 9,339 - - 9,339 -
Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 - - - - -
Membership subscriptions and sponsorships
which are in substance donations		 - - - -
Donatedgoods,facilities and services - - - - -
Other - - - -
Total 9,339 - - 9,339 -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasingincome - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held for
charity's own use		 - - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
9,339 - - 9,339 -
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the prior
period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.

Section C Notes to the accounts (cont)

Thisyear
Use of property
Other
Note 5 Donated goods, facilities and services
Seconded staff		 Thisyear
Use of property
Other
Note 5 Donated goods, facilities and services
Seconded staff		 This year
Last year
£
£		 This year
Last year
£
£
- -
- -
649
649 -
Lastyear
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.		 Donated: KorgXE20 Keyboard worth £649.Donat
Donated: Korg XE20 Keyboard worth
£649. Donated items are individually
recognized and valued at cost. This cost
has been added to the fixed assets		 e
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Note 6 Analysis of expenditure expenditure expenditure expenditure expenditure expenditure expenditure expenditure
Analysis
Expenditure on raising funds:		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries		 - - - - -
Staging fundraising events - - - - -
Fudraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity		 - - - - -
Advertising, marketing, direct mail and
publicity		 - - - - - - -
Start up costs incurred in generating
new source of future income		 - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice - - - - - - - -
Investment administration costs - - - - - - - -
Intellectual property licencing costs - - - - - - - -
Rent collection, property repairs and
maintenance charges		 - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
893 - - 893 - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable
activities		 893 - - 893 - - - -
Separate material item of expense
Mobile Phone and accessories 256 - - 256 - - - -
Casio Keyboard 365 - - 365 - - - -
- - - - - - - -
Total 621 - - 621 - - - -
Other
Venue Hire 3,575 - - 3,575 - -
Google Advertisement 1,960 - - 1,960 - - - -
Website Packages 321 - - 321 - - - -
- - - - - - - -
Total other expenditure
TOTAL EXPENDITURE		 5,856 - - 5,856 - - - -
7,370 - - 7,370 - - - -

Other information:

Analysis of expenditure on charitable activities

Analysis of expenditure on
activities		 charitable
This y ear Last ye ar
Activity or programme Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total this
year		 Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total
last
year
£ £ £ £ £ £ £ £
Cost of activities relating to
the work of the church		 893 - - 893 - -
-
Activity 2 -
-		 - -
-		 - -
-
Other -
-		 - -
-		 - -
-
Total 893 - - 893 - - -
-

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

At the beginning of the year
Additions
Revaluations
Disposals
Transfers
At end of the year
Basis*
Rate
At beginning of the year
Disposals
Depreciation
Impairment
Transfers
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
14.3 Net book value
14.2 Depreciation and impairments*		 Freehold land &
buildings
£		 Other land &
buildings
£		 Plant,
machinery
and motor
vehicles
£		 Fixtures, fittings
and equipment
£		 Total
£
- - - -
- - - 1,270 1,270
- - - - -
- - - - -
- - - - -
- - - 1,270 1,270
SL or RB (Straight
Line or Reducing
Balance)		 SL or RB SL or RB SL or RB SL or RB
20%
- - - - -
- - - - -
- - - 252 252
- - - - -
- - - - -
- - - 252 252
- - - - -
- - - 1,018 1,018

14.4 Impairment

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

This year Last year - -

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the
capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or
that are pledged as security for liabilities.		 This
year		 Last
year
£ £
- -
- -

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other
Cash at bank and on hand
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits		 This year
£		 Last year
£
-
- -
1,969
1,969 -

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names Type PE,
EE R or
**UR ***		 Purpose and
Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains
and
losses
£		 Fund
balances
carried
forward
£
Total funds carried forward at
31 December 2022		 U 1,969 - - 1,969
Tangible Fixed Assets at 31
December 2022		 U - 1,018 - - - 1,018
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - 2,987 - - - 2,987