LIFE UNLIMITED CIO
ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

LIFE UNLIMITED CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rory Paget-wilkes
Chery Nguyen
Teju Ogunbanjo
Anna Paget-wilkes
Charity number
1196416
Principal address
10 Kenilworth Road
Coventry
CV3 6PT
Accountant
Luke Lakin-B BA (Hons) MA MBA FCCA
HRJ Consulting
148 Connaught
Mews
Connaught Road
Ilford IG11RN

LIFE UNLIMITED CIO
CONTENTS
Page
Trustees, report
Accountant's report
Statement of financial activities
Balan￿ sheet
Notes to the fjnancial statements
6-12

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits wilf be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments v¢ith original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instruments
The charity has erected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the tnstrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial state%ents, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts drscounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabtlities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or serrfrces that have been acquired in the ordin
ry course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction pricp and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Frnancial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.

LIFE UNLIMITED CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Safeguarding
The charity subscribes to thirlyone:eight to facilitate our DBS checks of all workers with children, youth and
vulnerable adutts.
Structure, governance and management
The charity is a Charitable Incorporated Organisation established by a charitable trust deed on 5 November 2021.
The trustees who served during the year and up to the date of signature of the financial statements were:
Rory Paget-wilkes
Chery Nguyen
Teiu Ogunbanjo
Anna Paget-wilkes
Recniitment and appointment of tnjstees
New trustees may be recruited at any time by the existing trustees. Trustees must have a mature faith in Christ
and give full support to the Vision of Life Unlimited Church. In selecting individuals for trusteeship the existing
trustees will have regard to the skills, time management, knowledge and experience needed for the effective
administration of the charity. The trustees may, by and from their number and from time to time, elect such officers
(chair, secretary, treasurer) as required and as appropriate. Each new trustee will receive, on or before his or her
appointment, a copy of the current version of the constitution and governing documents, and a copy of the most
recent trustees, annual report and statement of accounts. Trustees also receive regular updates from the Charity
Commission's website.
Organisational structure
Life Unlimited is a church that is an independent charity, operating under its governance structure since August
2021 and was ac￿pted as a Charitable Incorporated Organisation (CIO) on 5 November 2021. It is led by a
National Leadership Team located throughout the UK who function with the support of Trustees who are the voting
members. The leadership team are primarily responsible for the vision and operation of the day-to-day ministry
within the life of the church around the UK. The trustees meet several times a year and are responsible primarily
for the fiduciary arrangements as regards complrance, financial and legal oversight and reporting. Decision-making
tskes place as a unit, wrth decisions reached based on collective research, discussion and agreement.
Expenditure of more than £500 is referred to the board of trustees for approval unless included in a previous
approved budgetll Future staff positions will be authorised by the whole board.
The trustees, report was approved by the Board of T ustees.
'Rory Paget-wilkes
Trustee
Date: ...

LIFE UNLIMITED CIO
CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION
OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIFE UNLIMITED CIO
FOR THE YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Charities Act 2011, 1 have prepared for your approval the
accounts of Life Unlimited CIO for the year ended 31 March 2024, which comprise and the related notes from the
charity's accounting records and from information and explanations you have given me.
As a prach.sing member firm of the Association of Chartered Certified Accountants, l am subject to its ethical and
other professional requirements which are detailed at htt s:IlvvNw.aGca
lobal.cornl b/en/abo
uslre
ulation.html
This report is made to the charity's trustees, as a body, in accordance with the terms of my engagement letter dated
9 November 2024. My work has been underlaken solely to prepare for your approval the accounts of Life Unlimrted
CIO and state those matters that I have agreed to state to the charity's trustees, as a body, In this report In
accordance wtth ACCA Technical Release 2012 as detailed at www.acca
lobal.com To the fullest extent pemitted
by law, I do not ac￿pt or assume responsibility to anyone other than Life Unlimited CIO and the charity's trustees
as a body, for my work or for this report.
It is your duty to ensure that Life Unlimited CIO has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Life
Unlimited CIO. You consider that Life Unlimited CIO is exempt from the statutory audit requtrement for the year, and
is not required to obtain an independent examiner's report.
have not been instructed to carry out an audit or a review of the accounts. For this reason, I have not verified the
accuracy or completeness of the accounting records or information and explanations you have given to rne and I do
not, therefore, express any opinion on the accounts.
Luke Lakin-B FCCA
Chartered Certified Accountant
14B Connaught Mews
Connaught Road
Ilford. IG11RN

LIFE UNLIMITED CIO
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
Unrestricted Restricted
funds
funds
Total
2024
2023
2023
2023
Note5
Inconie from:
Donations and legacies
Alumni Weekend
Charitabl e artivities
Investments
1,350
2,515
4, 140
3,315
2,483
5,798
SOIL
6, 163
Total income
14, 175
8,801
2,483
11,284
Charitabl e attivities
16,380
9,410
1,750
11,160
Net rncome/(expenditure) and movement in funds
Reconciliation of f unds:
Fund balances at l Aprrl 2023
2, 206
733
124
(609)
733
124
Fund balances at 31 March 2024
(2,206}
The statement of financial actrvrties includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

LIFE UNLIMITED CIO
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
12
5CK)
6,998
4, 792
4,792
7498
Creditors: amounts falling due within one year
13
6,998
7,374
Net current assets
2,206
124
The funds of the charity
Restritted income funds
Unrestricted funds
733
15-
2, 206
2, 206
124
The financial statements were approved by the trustees on
Rory Paget-w"
Trustee
es

LIFE UNLIMITED CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with Ihe accounting policies set out in note 1 to the
financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting
by Charities: Statenient of Recommended Practice applicable to charities preparing therr accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January
2019).
Objectives and activities
The charity's objects are
1 the proclamation and furtherance of the Christian faith (including the provision of Christian education)
2 the relief of povety, distress and sickness
3 general charitable purposes. The policies adopted in furtherance of these objects are the running of a church
and there has been no change in these during the year.
For further clarification on these please see 'What the charity does, on the Charrty Commission webpage for the
d￿rity.
Public benefrt
The trustees have paid due regard to guidance issued by the Charity Commrssion in decidFng what activities the
charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
During the year the charity has achieved fellowship meettngs, Identity Easter Camp, Identity, Camp Reunion,
running a 5-day Christian course entitled The School of Identity and Ltfestyle, regular discipleship and individual
evangelism.
Financial review
The charity's income and expenditure for the period and financial position at the end of the period are summarized
in the attached accounts. The trustees consider the financial position to be satisfactory.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintsined at a level equivalent to between three and six month's expenditure. The trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. The trustees hope to
achieve this level of reserves during the next year.
Major risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are In
pl_ace to mitigate exposure to the major risks.
As part of Lrfe Unlimited church's risk management process the trustees have eslabFished a risk ￿giSter. The
trustees acknowledge their responsibility for the charity's system of internal control and for reviewing its
effectiveness. The trustees are satisfied that the systems in place are sufficient to mitigate exposure to the major
associated risks. The trustees have set poticies on risk and internal controls which cover
1 -The responsibility of management to implement the trustees, policies
2 Identification and consideration of the types of risk that the charity faces.

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policle5
(Contlnued)
1.5 Expenditure
Expenditure is ￿CogniSed once there is a legal or constructive obligatton to transfer economic benefrt to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned bettsveen those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and fiabilities are offset, with the net amounts presented in the financial stateliients, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price includFng transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
re￿1vable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabiltties if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors a￿ recognised initially at
transaction pricp and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilitles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptlons are based on hlstorical experience and other factors that
are considered to be relevant, Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total U nrestricted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Donations and gifts
1,350
5,798
3,315
2,483
5,798
Income from charitable activities
Unrestricted
funds
2024
Unrestricted
funds
2023
Income from camp and other activities
Camp and other activities income
12,818
5,480
Income from investments
Unrestricted U nrestricted
funds
funds
2024
2023
Interest receivable

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Deferred incoine
(Continued)
Deferred inconie at 1 April 2023
Resources deferred in the year
2,790
Deferred income at 31 March 2024
2,790
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subjed to specific condikn'ons by donors as to how they may be used,
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Design and publicity
733
2,483
(1.750)
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Resources At 31 March
expended
2024
At 1 April
2023
Incoming
resources
General funds
(609)
14,175
(16,380)
(2 206)
16 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024 .,,.,
Total
2024
Fund balances at 31 March 2024 are represented by:
Cu rrent assetsl,(liabilities)
(2,206)
(2,206)
(2,206)
(2,206
11

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable actlvltles
Main
activities
2024
Direct costs
Direct costs of running actrvities
16,380
Share of support and governance costs (see note 8)
Support
Goveman
16,010
370
16,380
Analysis by fund
Unrestricted funds
Restricted fvnds
16,380
16,380
Support costs allocated to activities
2024
2023
Premises expenses
Administrative expenses
Govemance costs
2,099
16,750
370
2,099
2,692
370
Analysed between:
Main activities
16,380
5,161
Trustees
None of the trustees (or any persons connected with them) received any remuneration during t
three of them were reimbursed for expenses.
e year, and
//

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR. THÈ YEAR ENDED 31 MARCH 2024
Employees
The average monthly nuniber of employees during the year was:
2023
Number
2022
Number
Totsl
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charrtable purposes.
11 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
500
12 Creditors: amounts falling due within one year
2024
2023
Notes
Deferred income
Other creditors
Accruals and deferred income
14
2,099
250
4,649
2,790
150
4,434
6,998
7,374
13 Deferred income
2024
2023
Other deferred income
2,099
2,790
Deferred income is included in the financial statements as follows:
2024
2023
Deferred income is included within.,
Current liabilities
2,099
2,790
oveAeryts in the year:
10-

LIFE UNLIMITED CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YÈAR ENDED 31 MARCH 2024
17 Analysis of net assets between fu.n.ds
(Continued)
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
Fund balances at 31 March 2022 are represented by:
18 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
12-