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2024-12-31-accounts

godlifechurch.org | contact@godlifechurch.org

Trustees Annual Report and Financial Report

God life Church Registered Charity Number: 1196019

For the year ended 31[st] December 2024

CONTENTS

Table of Contents

Statement of Financial Activities (Accrual Account) --------------------------------------------------------6 Balance Sheet (Assets and Liabilities Statement) -------------------------------------------------------------7 Notes to the Account ---------------------------------------------------------------------------------------------8

1

God Life Church

Trustee Annual Report for the year end 2024

1. Aims and Purposes

God Life Church exists to advance the Christian faith for the public benefit. We do this primarily by:

Our church remains committed to being an open and accessible Christian community, actively engaging

with society and serving in love.

2. Objectives and Activities

Theme for 2024: The Year of the Glorious Light

Inspired by Isaiah 60:1, “Arise, shine, for your light has come, and the glory of the Lord rises upon you,” our vision this year was to respond boldly to God's call to be bearers of His light in a world that desperately needs hope, truth, and healing.

To fulfil this vision, we centred our ministry on three key objectives:

a. Rising in Spiritual Identity

To awaken believers to their God-given identity and purpose through sound teaching, personal discipleship, and intentional leadership development. We encouraged every member to rise up in faith, boldness, and kingdom influence.

b. Shining in Daily Life

To empower members to reflect Christ's character in everyday settings—at work, home, school, and in the community. We equipped the church to live as visible witnesses of God's love, truth, and righteousness.

c. Radiating Hope to the Nations

To extend the light of Christ beyond the walls of the church through outreach, acts of kindness, missions support, and compassionate ministry to the vulnerable. We committed to being a beacon of hope to the hurting, lost, and overlooked.

These objectives shaped our Sunday messages, Bible studies, prayer meetings, outreach events, and pastoral care activities throughout the year.

2

3. Evaluation of Success

Our success is best measured by the lives transformed through our ministry. In 2024, we witnessed significant spiritual growth, deeper community engagement, and personal breakthroughs. Key achievements include:

4. Chair’s (Pastor’s) Report – Victor Maxwell

2024 has been a remarkable year of growth, transition, and spiritual momentum for God Life Church. With gratitude to God, I reflect on the many ways His presence and grace have been evident among us. This year marked our move to holding Sunday meetings in Milton Keynes—a strategic step that has enhanced accessibility and visibility. We have seen a strengthening of faith, as members grew more committed to prayer, worship, and biblical teaching. Our theme, inspired by Isaiah 60, reminded us of our calling to shine as lights in the world.

I am especially encouraged by the faithful attendance at both Sunday services and Thursday Bible studies. It has been a joy to witness members take active steps in their spiritual walk, including the baptism of three believers.

Our worship services have been rich with the presence of the Holy Spirit, and our community continues to flourish in love, unity, and purpose. As we look to the future, I believe greater things are ahead. Let us remain faithful, focused, and fervent in our pursuit of God's call.

Thank you to every member and volunteer for your dedication, generosity, and service. Together, we are advancing God’s Kingdom.

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5. Structure, Governance and Management

Governing Document

God Life Church is a Charitable Incorporated Organisation (CIO), governed by its constitution.

Risk Management

Trustees have reviewed the major risks to which the charity is exposed and have implemented procedures to mitigate these risks. This includes financial oversight, safeguarding policies, and operational controls to reduce exposure to fraud or error.

6. Financial Review

Investment Policy

All funds are currently held in bank accounts. Any changes to this arrangement must be approved by both the board of trustees and the pastoral board.

Principal Funding Sources

God Life Church is funded primarily through the generous donations and voluntary giving of its members.

Financial Position

We remain committed to managing resources prudently. Expenditures are kept to a minimum without

compromising the quality of our services or outreach efforts.

Key Internal and External Factors

The commitment of our members—both financially and through service—continues to be a vital factor in achieving our mission.

7. Child Protection and Safeguarding

God Life Church places the highest priority on safeguarding children and vulnerable adults. All volunteers and ministers involved in such work are DBS-checked, and records are reviewed regularly. We operate a shared responsibility model for safeguarding, led by:

4

8. Public Benefit

We fully comply with the Charity Commission's guidance on public benefit. All of our activities are open to the public, and we actively reach out to those who are in need—spiritually, emotionally, and materially. Our focus remains on being a community where anyone can encounter the love and hope of Jesus Christ.

9. Conclusion

We thank God for His faithfulness in 2024. The year has been filled with testimonies of growth, healing, transformation, and provision.

Thank you to all who served, gave, prayed, and participated in our mission. Together, we move forward in faith.

Names of the Charity Trustees who manage the charity

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

5

Statement of Financial Activities for the year ended 31[st] December 2024

Charity Name: GOD LIFE CHURCH Charity Name: GOD LIFE CHURCH Charity Name: GOD LIFE CHURCH Charity No
(if any)
1196019		 1196019
Annual accounts for theperiod
Period start date 01/01/2024 To Period end
date		 31/12/2024
Section A Statement of financial activities
Recommended categories by
activity
Guidance Notes
Incoming resources (Note 3)
Income and endowments from:
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
Resources expended (Note 6)
Expenditure on:
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
Extraordinary items
S16
S17
S18
Other gains/(losses)
S19
S20
Reconciliation of funds:
S21
S22
Total
Net movement in funds
Total funds brought forward
Total funds carried forward
Total
Net income/(expenditure) before investment
gains/(losses)
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05
9 501 - - 9 501 10 813
- - - - -
- - - - -
- - - -
- - - - -
- - - - -
9 501 - - 9 501 10 813
- - - - -
7851 - - 7851 -
1 169 - - 1 169 -
- - - -
9 020 - - 9 020 10 042
481 - - 481 771
- - - - -
481 - - 481 771
- - - - -
- - - - -
- - - - -
- - - - -
481 - - 481 771
- - -
481 - - 481 771

6

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
- - - - -
1 169 - - 1 169 1 061
- - - - -
- - - - -
1 169 - - 1 169 1 061
- - - - -
- - - - -
- - - - -
481 - - 481 771
481 - - 481 771
- - - - -
481 - - 481 771
1 650 - - 1 650 1 832
- - - - -
- - - - -
1 650 - - 1 650 1 832
- - -
- - -
1 650 - 1 650
-
1 650 - - 1 650 1 832
Signature Print Name Date of
approval
dd/mm/yyyy
Victor Maxwell

7

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

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 ü * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; N/A (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and N/A (iii) the amount of the adjustment for each line affected in N/A the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP. 1.4 Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes ü No * -Tick as appropriate Please disclose: (i) the nature of any changes; N/A (ii) the effect of the change on income and expense or assets and liabilities for the current period; and N/A (iii) where practicable, the effect of the change in one or N/A more future periods. 1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes ü * -Tick as appropriate No Please disclose: (i) the nature of the prior period error; N/A (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and N/A (iii) the amount of the correction at the beginning of the N/A earliest prior period presented in the accounts.

8

Section C Notes to the accounts (cont)

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.		 Yes
No
N/a		 Yes
No
N/a		 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 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

9

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 and gifts
9 501
- -9 501
-
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 9 501
- - 9 501
-
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
Total
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
Total
- - - - -
9 501
- -9 501
-
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 and gifts 9 501 - - 9 501 -
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 9 501 - - 9 501 -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
-		 - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
9 501 - - 9 501 -
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.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)

10

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:
Venue Hire 2 940 - - 2 940 4 935 - 4 935
Google Advertisment 3 217 - - 3 217 1 866 - - 1 866
Church running cost 797 - - 797 1 805 - - 1 805
Websitepackages 358 - - 358 257 - - 257
Public LiabilityInsurance 183 - - 183 - - - -
Zoom Subscription 156 - - 156 - - - -
Baptism Pool Hire 200 - - 200 - - - -
Total expenditure on charitable
activities		 7 851 - - 7 851 8 863 - - 8 863
Separate material item of expense
Video Camera Lens, laptop and printer - - - - 1 179 - - 1 179

Drums		 1 169 - - 1 169 - - - -
- - - - - - - -
Total 1 169 - - 1 169 - - 1 179
Other
- - - - -
- - - - - -
- - - - - -
- - - - - - -
Total other expenditure
TOTAL EXPENDITURE		 - - - - - - - -
9 020 - - 9 020 - - 10 042

11

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
£
- - - 1061 1061
- - - 1 169 1 169
- - - - -
- - - - -
- - - - -
- - - 2 230 2 230
SL or RB (Straight
Line or Reducing
Balance)		 SL or RB SL or RB SL or RB SL or RB
10%
- - - - -
- - - - -
- - - 223 223
- - - - -
- - - - -
- - - 223 223
- - - 1 061 1 061
- - - 2 007 2 007

12

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
£
-
- -
481 771
481 771

13

Section C Notes to the accouThts Icontl Note 27 Charity funds Iwffjj 27.2 Dthlls of materfal funds held and rnovernents durlng the PREVIOUS reportlny pprfod Please glve dot8118 of tho movements of mator1811ndlvldualfunds In th8 rok￿rtIng￿erlOd tog8Urw wlth 8 bolanclng ffguro for Vther funds.. The Totalfunds. Ilgure below shouldroconclle to 7otal lunds'ln the kl8JKGoshoet. 'Key.' PE-permanentendowment lunds." EE- qwnd4WAendownr8ntfunds.' R. restrlctgdlncome fiind4 Includlng SP8Glal trusts. of the chortty," anL¢ U. unr8strl¢t6d fvnds Typo P& Fund Fund Gkln* and PurpoM R•S￿¢t￿$ brought I¢￿Ard carrKgd for¥¥ard UR. In¢omg Exwndftur• Trdn•f¢r4 Fund nam•s Total IuDds brwghl fonyard ai 1 Janua Tangibb Fixed Asse brou&thl fO￿a[d è11 Janua 2024 2024 Tll TT1 Olhwlunds 14