STREAMS OF LIFE FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] December 2025
CHARITY NUMBER: 1208508
Table Of Contents
Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report ….………………………………………….. 3 Financial Statements ………………..…………………………………………… 5
STREAMS OF LIFE FOUNDATION MK
LEGAL & ADMINISTRATIVE DETAILS
YEAR ENDED 31 December 2025
ADDRESS FOR CORRESPONDENCE
33 CAMBRIDGE STREET WOLVERTON MILTON KEYNES MK12 5AD
REGISTERED CHARITY NUMBER
1208508
GOVERNING DOCUMENT
CONSTITUTION ADOPTED 26/09/2013
TRUSTEES/ DIRECTORS
YAW PEPRAH HMENSA Dr DAVID BOTCHIE ALEXANDER BAYMAN
PRINCIPAL BANKERS
LLOYDS BANK 25 Gresham Street London EC2V 7HN
INDEPENDENT EXAMINER
DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT
1
TRUSTEES’ REPORT
The trustees are pleased to present their report for the year ended 31st December 2025 for the charity STREAMS OF LIFE FOUNDATION MK with charity number 1208508.
The Trustees of the charity are:
YAW PEPRAH HMENSA Dr DAVID BOTCHIE ALEXANDER BAYMAN
The principal address of the charity is:
33 CAMBRIDGE STREET WOLVERTON MILTON KEYNES MK12 5AD
Structure, Governance and Management
The Charity governing document is a constitution that was approved on 26/09/2013. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s financial position.
Objectives and Activities
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of residents in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
Achievements and Performance
The main activity of the charity is holding of prayer meetings and lectures which are meant to advance the Christian religion which were successfully carried out throughout the year. In addition, the Charity have celebrated Christian religious festivals throughout.
As a church, charitable deeds are the core of our operations and so the charity involves itself in charitable deeds whenever the need arises.
The Charity also organised two 24-hour praise events, one in March and one in September to promote unity among the churches of Milton Keynes.
2
INDEPENDENT EXAMINER’S REPORT
Financial Review
The income of the charity was £26,466 for the period. The charity is also well positioned to manage its costs effectively.
Reserve Policy
It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. They will seek to maintain this level throughout the year.
Risk Management
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.
Trustee Responsibilities
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
This report of the charity for the year ended 31[st] December 2025 relates to the Receipts and Payment Account.
Respective responsibilities of Trustees and examiner
The charity’s Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
3
It is my responsibility to:
-
examine the accounts (under section 43 of the Act)
-
follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and
-
state whether particular matters have come to my attention.
Basis of the independent examiner’s statement
My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
-
proper accounts records are kept in accordance with section 41 of the Act; and
-
accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or
-
to which in my opinion attention should be drawn in order to enable proper understanding of the accounts to be reached.
DAVID AKAKPO MA (FAM), ACMA, CGMA
4
STREAMS OF LIFE FOUNDATION MK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| INCOME Tithes and Offerings Other Income Total Income EXPENSES Rent Accounting Fees Advertising Charitable Contributions Refreshments Honorarium Travel Bank Charges Office/Administrative Expenses Net Surplus for the year Opening Equity - January 2025 Retained Earnings at Start Closing Equity - December 2025 The closing equity represents Net Assets at 31 December 2025 The receipts and payment accounts was approved on |
UNRESTRICTED FUNDS 2025 2024 £ £ £ 26,466 26,466 9,187 - - - |
|---|---|
| 26,466 26,466 9,187 |
|
| 2,872 2,872 2,828 360 360 300 1,578 1,578 1,020 501 501 500 619 619 235 2,170 2,170 1,100 130 130 - 39 39 - 1,131 1,131 985 |
|
| 9,400 9,400 6,968 |
|
| 17,066 17,066 2,219 683 683 683 2,219 2,219 - |
|
| 19,968 19,968 **2,902 ** |
|
| 19,968 19,968 **2,902 ** |
|
| 11/Mar/2026 |
SIGNED ON BEHALF OF THE BOARD BY:
NAME: YAW PEPRAH HMENSA
STATUS TRUSTEE
5