The Love Community Church
Report and Accounts
31 May 2023
The Charity Registration Number is : 1199079
## **The Love Community Church**
## **Report and accounts for the year ended 31 May 2023**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||4|
|**Independent Accountant's Report**||5|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||6|
|Statement of total recognised gains and losses||6|
|Movements in funds||7|
|Income and Expenditure account||7|
|Summary of funds||7|
|**Balance sheet**||8|
|**Notes to the accounts**||9|
## **The Love Community Church**
## **Trustees' Annual Report for the year ended 31 May 2023**
The trustees present their report and accounts for the year ended 31 May 2023.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- The Love Community Church.
The charity is also known by its operating name, The Love Community Church.
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1199079.
.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
32 Sunset Road
London SE28 8RR Telephone: 07421151837
Email Address: thelovecommunitychurch@yahoo.com
Web address: www.lovecommunitychurch.co.uk
## **The trustees in office on the date the report was approved were:-**
Adewale Adewumi Kingsley Onalo Oluwatosin Abraham
## **The following persons served as Trustees during the year ended 31 May 2023 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
1
## **The Love Community Church**
## **Trustees' Annual Report for the year ended 31 May 2023**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
To advance the christian faith for the benefit of the public in Greenwich, London, by:
a. Preaching and teaching God’s word to encourage positive behaviour in the community;
b. The provision of counselling and wellbeing support services which will be of benefit to people of any faith or none;
c. Training and engaging children and young people in the community through skill acquisition trainings such as, but not limited to, music, language, drama and artwork;
d. Providing support to the people in need such as people who are sick or homeless;
- e. Partnering with other churches and organisations for the development of the community;
- f. and by any other means as the trustees in their discretion shall determine.
## _**The main activities undertaken in relation to those purposes during the year.**_
The objectives of the company are:
1. The advancement of the Christian faith worldwide
2. Sunday Service
3. Weekly Bible studies, and
4. Raising funds through members internally and externally.
It pursues these objectives by the operartion of a Christian worship centre at a facilitiy located at Sunset Road, Thamesmead London. SE28 8RR. It also organises special training and mentoring activities for the unemployed, people planning to start their businesses and runs general information centre for the public.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
Significant activities that contributed to the achivement of these objectives were:
1. Event organized during the year to promote Christian faith include distribution of leaflets with Christian messages, special deliverance services, all night vigils, prayers and counselling.
2. Other activities to help raise the profile of the charity in the local community included picnics, Mother and Fathers day celebrations.
3. Specific activities to reduce poverty in the areas of training and mentoring of unemployed to start their own businesses and passing job information to job seekers.
4. Feeding the homeless and indigent once every month and distribution of groceries and food materials once a week in collaboration with local retail partners.
5. Organisation of recreational events in outdoor spaces for children and families in partnership with local authority, other faith groups and local charities.
6. Trimesterly provision of training to couples around family intergration and edutainment.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
## **The Love Community Church**
## **Trustees' Annual Report for the year ended 31 May 2023**
## _**The contribution of volunteers during the year.**_
The church is grateful for the commitment and efforts of its volunteers who are involved in services provision. These volunteers are committed to working in various departments within the church. The church continues to dispense the service of heads of units and Ministers to ensure that the best value is derived from the sterling efforts of the volunteers.
Bankers Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Accountants Crownwise Consult Ltd 1a Town Square Erith DA8 1RE
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 May 2023**_
The financial position of the charity at 31 May 2023 and comparatives for the prior period, as more
|**Total Funds**
Unrestricted Revenue Funds available for the
general purposes of the charity
**Net income**|**2023**
**£**
1,248
2,128
2,128|**2022**
**£**
-|
|---|---|---|
|||880|
|||880|
## _**Financial review of the position at the reporting date, 31 May 2023 .**_
During the year, income of £7,058 was received as voluntary donations. The net movement in funds for the period, as shown in the statement of financial activities for the period was £1,248. The value of The Love Community Church net assets as at 31 May 2023 is £2,128.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Details of The Independent examiner**
Niyi Zaccheus
Chartered Certified Accountants 1A Town Square Erith London DA8 1RE
3
## **The Love Community Church**
## **Trustees' Annual Report for the year ended 31 May 2023**
## **Statement of trustees' responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the trustees are required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the Independent examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 9 January 2024.
OLUWATOSIN ABRAHAM Trustee
4
## **The Love Community Church**
## **Report of the Independent accountant to the trustees of the charity on the accounts for the year ended 31 May 2023**
We report on the financial statements of The Love Community Church for the year ended 31 May 2023, as set out on pages 6 to 13, which comprise the Statement of financial activities, the Income and expenditure Account, the Balance sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 9, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
## **Respective responsibilities of the directors and the accountant**
As described on page 9, you, the charity's trustees are responsible for the preparation of the accounts.
The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
## **No statement of opinion**
We have not carried out any audit procedures and have relied upon information supplied to us by the trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
## **Niyi Zaccheus - Independent Accountant**
Chartered Certified Accountants
1A Town Square Erith London DA8 1RE
This report was signed on 9 January 2024
5
## **The Love Community Church - Statement of Financial Activities for the year ended 31 May 2023**
## _**Statement of Financial Activities for the year ended 31 May 2023**_
|**Income & Endowments from:**
Donations & Legacies
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income for the year**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**|**Current year**
**Unrestricted**
**funds**
**2023**
**£**
7,058
5,810
**5,810**
**1,248**
**1,248**
880
**2,128**|**Current year**
**Restricted**
**funds**
**2023**
**£**
-
-
**-**
**-**
**-**
-
**-**|**Current year**
**Total funds**
**2023**
**£**
**7,058**
**5,810**
**5,810**
**1,248**
**1,248**
**880**
**2,128**|**Prior year**
**Total funds**
**2022**
**£**
-
-|
|---|---|---|---|---|
|||||**-**|
||||||
|||||**-**|
|||||**-**
880|
|||||**880**|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
All activities derive from continuing operations
## **The Love Community Church - Resources applied in the year ended 31 May 2023 towards fixed assets for Charity use:-**
|**towards fixed assets for Charity use:-**|||
|---|---|---|
|Funds generated in the year as detailed in the SOFA
**Net resources available to fund charitable activities**|**2023**
**£**
1,248
**1,248**|**2022**
**£**
-|
|||**-**|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
**The notes attached on pages 9 to 13 form an integral part of these accounts.**
6
## **The Love Community Church - Statement of Financial Activities for the year ended 31 May 2023**
## **Movements in revenue and capital funds for the year ended 31 May 2023**
## **Revenue accumulated funds**
|**Unrestricted**
**funds**
**2023**
**£**
Accumulated funds brought forwa
880
1,248
**2,128**
**Closing revenue funds**
**2,128**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2023**
**£**
Revenue accumulated funds
2,128
Recognised gains and losses
before transfers|**Restricted**
**funds**
**2023**
**£**
-
-
**-**
**-**
**Restricted**
**funds**
**2023**
**£**
-|**Total**
**funds**
**2023**
**£**
880
1,248
**2,128**
**2,128**
**Total**
**funds**
**2023**
**£**
**2,128**|**Last year**
**Total funds**
**2022**
**£**
**880**
-|
|---|---|---|---|
||||**880**|
||||**880**|
||||**Last year**
**Total funds**
**2022**
**£**
880|
## **The Love Community Church**
**Income and expenditure account for the year ended 31 May 2023 as required by the Companies Act 2006**
|**_Income_**
Income from operations
**Gross income in the year before exceptional items**
**Gross income in the year**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Governance costs
**Total expenditure in the year**
**Retained surplus for the financial year**|**2023**
**£**
7,058
**7,058**
**7,058**
5,310
500
**5,810**
**1,248**|**2022**
**£**
-|
|---|---|---|
|||**-**|
|||**-**|
|||-
-|
|||**-**|
||||
|||**-**|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 9 to 13 form an integral part of these accounts.**
7
## **The Love Community Church - Balance Sheet as at 31 May 2023**
||Notes||**2023**||**2022**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Current assets**||||||
|Debtors|2|1,550||-||
|Cash at bank and in hand||1,078||880||
|**Total current assets**||2,628||880||
|**Creditors: amounts falling due within**||||||
|**one year**|3|(500)||-||
|**Net current assets**|||2,128||880|
|**The total net assets of the charity**|||**2,128**||**880**|
**The total net assets of the charity are funded by the funds of the charity, as follows:-**
## **Restricted funds**
|Unrestricted Revenue Funds
6
2,128
**Total charity funds**|-
-
880
2,128
880
**2,128**
**880**|
|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## **OLUWATOSIN ABRAHAM**
Trustee
Approved by the board of trustees on 9 January 2024
**The notes attached on pages 9 to 13 form an integral part of these accounts.**
8
## **The Love Community Church**
## **Notes to the Accounts for the year ended 31 May 2023**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Risks and future assumptions**
The charity is a public benefit entity.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
9
## **The Love Community Church**
## **Notes to the Accounts for the year ended 31 May 2023**
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note7.
|**2**
**Debtors**
Trade debtors
**3**
**Creditors: amounts falling due within one year**
Accruals
**4**
**Income and Expenditure account summary**
**At 1 June 2022**
Surplus after tax for the year
**At 31 May 2023**|**2023**
**£**
1,550|**2022**
**£**
-|
|---|---|---|
||**2023**
**£**
500|**2022**
**£**
-|
||**2023**
**£**
880
1,248|**2022**
**£**
880
-|
||**2,128**|**880**|
## **5 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 May 2023**
Current Assets
Current Liabilities
**At 1 June 2022**
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
2,628
(500)|**Designated**
**funds**
**£**
-|**Restricted**
**funds**
**£**
-
-|**Total**
**Funds**
**£**
**2,628**
**(500)**|
|---|---|---|---|---|
||**2,128**|**-**|**-**|**2,128**|
||**Unrestricted**
**funds**
**£**
880
-|**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
-
-|**Total**
**Funds**
**£**
**880**
**-**|
||**880**|**-**|**-**|**880**|
10
## **The Love Community Church**
## **Notes to the Accounts for the year ended 31 May 2023**
## **6 Change in total funds over the year as shown in Note 5 , analysed by individual funds**
|**Funds brought**
**forward from**
**2022**
**Movement in**
**funds in 2023**
**See Note 7**
**£**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted revenue funds
880
1,248
**Total unrestricted and designated funds**
**880**
**1,248**
**Total charity funds**
**880**
**1,248**
**Analysis of movements in funds over the year as shown in Note 6**
**Income**
**Expenditure**
**2023**
**2023**
**£**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted revenue funds
7,058
(5,810)
**7,058**
**(5,810)**|**Funds brought**
**forward from**
**2022**
**£**
880|**Movement in**
**funds in 2023**
**See Note 7**
**£**
1,248|**See Note 0**
**£**
**-**
**Transfers**
**between**
**funds in 2023**|**Funds carried**
**forward to**
**2024**
**£**
**2,128**|
|---|---|---|---|---|
||**880**|**1,248**|**-**|**2,128**|
||||||
||**880**|**1,248**|**-**|**2,128**|
||||**Other**
**Gains &**
**Losses**
**2023**
**£**
-|**Movement**
**in funds**
**2023**
**£**
**1,248**|
||**7,058**|**(5,810)**|**-**|**1,248**|
## **8 The purposes for which the funds as**
## _**Unrestricted and designated funds:-**_
Unrestricted revenue funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
## **9 Ultimate controlling party**
The charity is under the control of its legal members.
11
## **The Love Community Church**
**Detailed analysis of income and expenditure for the year ended 31 May 2023 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
|**10**
**Donations**
**Current year**
**Current year**
**Current year**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Donations and gifts from individuals**
7,058
-
**7,058**
**Total donations and gifts from**
**individuals**
**7,058**
**-**
**7,058**
**11 Expenditure on charitable activities - Direct spending**
**Current year**
**Current year**
**Current year**
**_Current year_**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
Printing & stationery
101
-
**101**
Insurance
221
-
**221**
Welfare
432
-
**432**
Music
310
-
**310**
Events
400
-
**400**
**Total direct spending**
**1,464**
**-**
**1,464**
**12**
**Current year**
**Current year**
**Current year**
**_Current year_**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**_Premises expenses_**
Room hire
3,264
-
**3,264**
**_Administrative overheads_**
Subscriptions to periodicals
390
-
**390**
Sundry expenses
192
-
**192**
**Total support costs - Current year**
**3,846**
**-**
**3,846**
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
The basis of allocation of costs between activities is described under accounting policies
Small donations individually less than £1000
**Support costs for charitable activities**|**Prior year**
**Total funds**
**2022**
**£**
-|
|---|---|
||**-**|
||**Prior year**
**Total funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**|
||**-**|
||**Prior year**
**Total funds**
**2022**
**£**
**-**
**-**
**-**|
||**-**|
|||
12
## **The Love Community Church**
**Detailed analysis of income and expenditure for the year ended 31 May 2023 as required by the SORP 2015**
## **13 Other expenditure - Governance costs**
|**_Current year_**
Independent examiner's fees
**Total governance costs**
**14 Total Charitable expenditure**
**_Current year_**
Total direct spending
Total support costs
Total governance costs
**Total charitable expenditure**|**Current year**
**Unrestricted**
**funds**
**2023**
**£**
500|**Current year**
**Restricted**
**funds**
**2023**
**£**
-
**-**
**Current year**
**Restricted**
**funds**
**2023**
**£**
-
-
-
**-**|**Current year**
**Total funds**
**2023**
**£**
**500**
**500**
**Current year**
**Total funds**
**2023**
**£**
**1,464**
**3,846**
**500**
**5,810**|**Prior year**
**Total funds**
**2022**
**£**
**-**|
|---|---|---|---|---|
||**500**|||**-**|
||**Current year**
**Unrestricted**
**funds**
**2023**
**£**
1,464
3,846
500|||**Prior year**
**Total funds**
**2022**
**£**
**-**
**-**
**-**|
||**5,810**|||**-**|
||||||
13