CHARITY NUMBER: 1198163 COMPANY: 07647141
LIVING JOY LTD (A Company Limited by Guarantee)
TRUSTEES’ REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 7[TH] APRIL 2024
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LIVING JOY LTD (A Company Limited by Guarantee)
CONTENTS
| Page | ||
|---|---|---|
| 1. | Legal and Administrative Information | 3 |
| 2. | Trustees’ Report | 4-5 |
| 3. | Independent Examiner’s Report | 6 |
| 4. | Income and Expenditure Account | 7-10 |
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LIVING JOY LTD (A Company Limited by Guarantee)
Legal and Administrative Information
| Charity Number | 1198163 |
|---|---|
| Company Registration Number: | 07647141 |
| Business Address: | 183 Cherry Tree Lane, Rainham, Essex |
| Cherry Tree Lane | |
| Rainham | |
| Essex | |
| RM13 8TU | |
| Registered Address: | 183 Cherry Tree Lane, Rainham, Essex |
| Cherry Tree Lane | |
| Rainham | |
| Essex | |
| RM13 8TU | |
| Trustees: |
Moyosola ABIKOYE |
| Adekunbi Oludayo Lawal-Champion | |
| Adejoke OLUBODUN-NIYI | |
| Tayo BABATUNDE | |
| Secretary: | Tayo BABATUNDE |
| Accountants: | Charterbrook Accountants |
| Chartered Management Accountants & | |
| Business Consultants | |
| 117 Island Business Centre | |
| 18-36 Wellington Street, | |
| Woolwich | |
| SE18 6PF |
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LIVING JOY LTD
(A Company Limited by Guarantee)
The trustees’ report (incorporating the directors’ report) for the year ended 7 April 2024.
The trustees present their report and financial statements for the year ended 7 April 2024 in accordance with the charity's governing policy and the requirements of the Charity Commission. The trustees, who are also directors of the company and served during the year and up to this report, are Moyosola Abikoye, Adebayo Abimbola, Adekunbi Oludayo Lawal-Champion, and Adejoke Olubodun-Niyi.
Structure, governance, and management
Structure
LIVING JOY LTD is a charity registered with the Charity Commission in England and Wales, registration number 1198163.
Governance
Its memorandum and articles of association govern the charity.
Management
The trustees, the chairperson leads, are responsible for day-to-day management and administration. The selection of trustees is based on a suggestion, their qualifications, availability for meetings, and areas of expertise, but most importantly, their commitment to achieving the charity's primary goals. The trustees meet regularly in formal and informal settings to discuss any legislative, management, procedural, and ethical concerns that need to be resolved and the best ways to do so within the legal framework. All charity operations, trustee decisions, and day-to-day management are considered to comply with all legal obligations.
Objectives and activities
The Charity aims to relieve poverty, promote good health, and develop the community.
Achievements and performance
Impact On the Community
The Charity organisation is still actively involved in enhancing the lives of children during this time and increasing gospel evangelism. The charity engaged in the community development programme and considered the diversity of its community in all aspects of its activities. It seeks to sway opinion and raise awareness of its presence and, more crucially, its primary goal of helping the community. In the upcoming year, we hope the conditions will be favourable for the charity to accomplish its primary goals of enhancing community life to the best of its abilities, relieving poverty, and providing financial empowerment to the needy.
Work In the Community
During the year, the charity continues to reach out to the needy, especially the destitute within and outside the community, by providing assistance to them at times of need, especially those who are the victims of hunger, disease, poverty, and orphans by supplying them with food, shelter, medical aid, and other fundamental needs.
Financial review
The trustees considered the charity’s financial position adequate to the best of their knowledge. The principal funding sources have been voluntary donations and offerings from its members. As indicated on page 5 of the financial statements, income and expenditures in the year were better than last year.
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LIVING JOY LTD
(A Company Limited by Guarantee)
Report of the trustees (incorporating the directors’ report) for the year ended 31 December 2024 (continues).
Plans for future periods
The charity aims to broaden its achievements during the following year’s financial period through more voluntary activities, including outreaches, organising more youth programmes, sponsoring members, especially the youth, on courses that will enhance their knowledge, and elevating poverty among children and families.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the charity's state of affairs and the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees have taken into consideration the following:
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suitable accounting policies and then applied them consistently.
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made judgments and estimates that were reasonable and prudent; and
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prepared the financial statements on a going concern basis and having no knowledge that the charity would not continue in operation in the following year.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Signed and Dated On behalf of the Trustees:
Moyosola Abikoye 27/12/2024
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companies-house-2024-04-07
LIVING JOY LTD
Company limited by guarantee
Company Registration Number: 07647141 (England and Wales)
Unaudited micro entity accounts for the year ended 07 April 2024
Period of accounts
Start date: 08 April 2023 End date: 07 April 2024
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Company limited by guarantee
Contents of the Financial Statements
for the Period Ended 07 April 2024
Company Information - 3 Report of the Directors - 4 Income and Expenditure Account - 5 Balance sheet - 6 Footnotes to the Balance Sheet - 8
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LIVING JOY LTD
Company limited by guarantee
Company Information
for the Period Ended 07 April 2024
Director: Moyosola ABIKOYE Adebayo ABIMBOLA Adekunbi Oludayo LAWAL-CHAMPION Adejoke OLUBODUN-NIYI Secretary: Tayo BABATUNDE Registered office: 183 Cherry Tree Lane Rainham Essex Cherry Tree Lane Rainham Essex England RM13 8TU
Company Registration Number:
07647141 (England and Wales)
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LIVING JOY LTD
Company limited by guarantee
Directors' Report Period Ended 07 April 2024
The directors present their report with the financial statements of the company for the period ended 07 April 2024
Principal Activities
The company’s principal activity during the year was that of the other service activities not elsewhere classified.
Directors
The directors shown below have held office during the whole of the period from 08 April 2023 to 07 April 2024 Moyosola ABIKOYE Adebayo ABIMBOLA Adekunbi Oludayo LAWAL-CHAMPION Adejoke OLUBODUN-NIYI
Secretary
Tayo BABATUNDE
This report was approved by the board of directors on 27 December 2024 And Signed On Behalf Of The Board By:
Name: Moyosola ABIKOYE Status: Director
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LIVING JOY LTD
Company limited by guarantee
Income and Expenditure Account
for the Period Ended 07 April 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Turnover | 64,856 | 39,864 | |||
| Cost of Materials | ( | ) 41,571 |
( | ) 46,858 |
|
| Surplus or (Deficit) for Period | 23,285 | ( | ) 6,994 |
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LIVING JOY LTD
Company limited by guarantee
Balance sheet
As at 07 April 2024
| Current assets: Creditors: amounts falling due within one year: Net current assets (liabilities): Total assets less current liabilities: Total net assets (liabilities): Reserves: |
2024 £ 25,743 ( ) 450 25,293 25,293 25,293 25,293 |
2023 £ 2,458 ( ) 450 |
|---|---|---|
| 2,008 | ||
| 2,008 | ||
| 2,008 | ||
| 2,008 |
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LIVING JOY LTD
Company limited by guarantee
Balance sheet continued
For the year ending 7 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions of the small companies regime applicable to micro-entities.
This report was approved by the board of directors on 27 December 2024 And Signed On Behalf Of The Board By:
Name: Moyosola ABIKOYE Status: Director
The notes form part of these financial statements
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LIVING JOY LTD
Company limited by guarantee
Footnotes to the Financial Statements
for the Period Ended 07 April 2024
1. Employee Information
Average number of employees: 2
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Company limited by guarantee
Footnotes to the Financial Statements
for the Period Ended 07 April 2024
2. Off balance sheet disclosure
No
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LIVING JOY LTD
(A Company Limited by Guarantee- Company number 07647141) Independent Examiner's Report For the Year Ended 7 April 2024.
I have examined the Financial Statements on pages 6 to 9, prepared under the accounting policies on page 7.
Respective responsibilities of the Trustees and Examiner
As the Charity’s Trustees, you are responsible for preparing the accounts. As you have considered that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006, my role is not that of an Auditor but an Independent Examiner. However, it is my responsibility to the state, on the basis of procedures and guidance specified in The Commission’s Directions and Guidance given by the Charity Commissioners of the Act, whether particular matters have come to my attention that were of concern to the Commission, the members, and the public in general.
Basis of Opinion
I have completed my examination in accordance with The Commission’s Directions and Guidance given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also involves reviewing the accounts, considering any unusual items and/ or disclosures provided in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence required in an audit, and consequently, I do not express an audit opinion on the view the accounts give.
Opinion
In connection with my examination, no matter of material significance has come to my attention during the independent examination:
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(1) Which might have given rise to a legal duty to report to the Charity Commission:
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(2) Which gives me reasonable cause to believe that in any material in respect of the requirements
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a) To keep accounting records in accordance with section 130 of the Charities Act 2011 and
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b) To prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act has been met. Or
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c) in connection with the examination, which gives reasonable cause to believe that in any material respect:
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d) accounting records for non-company charities have not been kept in accordance with section 130 of the Charities Act 2011
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(3) That the report provided relates to an independent examination carried out under section 145 of the 2011 Act and that the examination has been conducted in accordance with the Directions given by the Commission
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(4) And that no matters of concern have come to my attention as a result of the independent examination in connection with the examination to which, in my opinion, attention should be drawn in the report to enable a proper understanding of the accounts to be reached.
Olufemi Yinusa (BSc, MSc, MBA, CA BFP, AFA MPA, FCA, FCIT) Date: 22/01/2025 GOLDEN GREEN ACCOUNTANTS & CO LIMITED 117 Island Business Centre 18-36 Wellington Street Woolwich London, SE18 6PF