Charity number: 1205025
FOUNTAIN OF LIFE CHRISTIAN CENTRE
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 April 2025
FOUNTAIN OF LIFE CHRISTIAN CENTRE Contents Page For the year ended 30 April 2025
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
FOUNTAIN OF LIFE CHRISTIAN CENTRE Report of the Trustees
For the year ended 30 April 2025
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity FOUNTAIN OF LIFE CHRISTIAN CENTRE Charity registration number 1205025 Principal address 8 EARLSMEAD ROAD LONDON NW10 5QB
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr ADEBOWALE ADENIYI AWOLAJA (Appointed: 01 May 2024) Mrs TEMITOPE BISOLA AWOLAJA (Appointed: 01 May 2024) Ms REBECCA CLAUDINE NGO (Appointed: 01 May 2024) Independent examiners EMMAN AND CO CHARTERED CERTIFIED ACCOUNTANTS 1 GOSCHEN HOUSE 68 PECKHAM ROAD LONDON SE5 8QE
Approved by the Board of Trustees and signed on its behalf by
16 July 2025 Mr ADEBOWALE ADENIYI AWOLAJA.............................................................................
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Independent Examiners Report to the Trustees For the year ended 30 April 2025
I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
EMMAN AND CO CHARTERED CERTIFIED ACCOUNTANTS
1 GOSCHEN HOUSE
68 PECKHAM ROAD
LONDON SE5 8QE
16 July 2025
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Statement of Financial Activities For the year ended 30 April 2025
| Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 4/5 Total Net expenditure Total funds carried forward |
Unrestricted funds £ 7,405 |
|---|---|
| 7,405 | |
| (15,644) | |
| (15,644) | |
| (8,239) | |
| (8,239) |
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Statement of Financial Position As at 30 April 2025
| Notes Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 9 Total funds |
£ 2025 543 |
|---|---|
| 543 | |
| (8,782) | |
| (8,782) | |
| (8,782) | |
| (8,239) | |
| (8,239) | |
| (8,239) | |
| (8,239) |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr ADEBOWALE ADENIYI AWOLAJA Trustee 16 July 2025
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FOUNTAIN OF LIFE CHRISTIAN CENTRE
Notes to the Financial Statements
For the year ended 30 April 2025
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
FOUNTAIN OF LIFE CHRISTIAN CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 Reducing balance
2. Income from donations and legacies
2025 £ Unrestricted funds Donations received 7,405 7,405
3. Expenditure on generating donations and legacies
Unrestricted funds
4. Costs of charitable activities by fund type
2025 £ Unrestricted funds Support costs 15,644
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Notes to the Financial Statements Continued For the year ended 30 April 2025
5. Costs of charitable activities by activity type
| 2025 | |
|---|---|
| £ | |
| Support costs | |
| Activity 1 | 15,644 |
6. Analysis of support costs
| nalysis of support costs | |||
|---|---|---|---|
| Management Governance costs |
- - - - |
Evangelism £ 14,944 - - 700 |
2025 £ 14,944 - - 700 |
| - | 15,644 | 15,644 |
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | |
|---|---|
| 2025 | |
| £ | |
| Depreciation of owned fixed assets | 181 |
| Accountancy fees | 700 |
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Notes to the Financial Statements Continued
For the year ended 30 April 2025
8. Tangible fixed assets
| Cost or valuation Additions At 30 April 2025 Depreciation Charge for year At 30 April 2025 Net book values At 30 April 2025 |
Computer Equipment £ 724 |
|---|---|
| 724 | |
| 181 | |
| 181 | |
| 543 |
9. Movement in funds
Unrestricted Funds
| Unrestricted Funds | |||
|---|---|---|---|
| Incoming | Outgoing | Balance at | |
| resources | resources | 30/04/2025 | |
| £ | £ | £ | |
| General | |||
| Building Fund | - | (15,644) | (15,644) |
| General | 7,405 | - | 7,405 |
| 7,405 | (15,644) | (8,239) |
Purpose of unrestricted Funds
Building Fund
Building project
General
Christian ministry and evangelism.
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Notes to the Financial Statements Continued For the year ended 30 April 2025
10. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted funds General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 543 (16,187) (15,644) - 7,405 7,405 |
| 543 (8,782) (8,239) |
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FOUNTAIN OF LIFE CHRISTIAN CENTRE Detailed Statement of Financial Activities For the year ended 30 April 2025
| INCOME AND ENDOWMENT Donations and legacies Donations Total incoming resources SUPPORT COSTS Management Management Support cost 5 Support cost 6 Governance costs Governance costs Total resources expended Net Expenditure |
£ 2025 7,405 |
|---|---|
| 7,405 | |
| 7,405 (14,944) |
|
| (14,944) | |
| - | |
| - (700) |
|
| (700) | |
| (15,644) | |
| (8,239) |
9 of 9 This page does not form part of the statutory financial statements