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REGISTERED COMPANY NUMBER: 07540480 (England and Wales)
REGISTERED CHARITY NUMBER: 1152000



Report of the Trustees and

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Christ Liquid Fire Ministry

Christ Liquid Fire Ministry






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Statement of Financial Position 4 to 5

Statement of Cash Flows 6

Notes to the Statement of Cash Flows 7

Notes to the Financial Statements 8 to 13

Christ Liquid Fire Ministry (Registered number: 07540480)

Report of the Trustees
for the Year Ended 28 February 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07540480 (England and Wales)

Registered Charity number
1152000

Registered office
c/o Krypton Consulting Ltd
Navigation House, Unit 6
Town Quay Wharf, Abbey Road
Barking
London
IG11 7BZ

Trustees
Ms R Egwabor
Rev A S Simmonds
Ms A Eqwabor

Independent Examiner
Olusola Makinwa (FCCA)
Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Approved by order of the board of trustees on 27 November 2023 and signed on its behalf by:





Ms R Egwabor - Trustee

Independent Examiner's Report to the Trustees of
Christ Liquid Fire Ministry

Independent examiner's report to the trustees of Christ Liquid Fire Ministry ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's 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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Olusola Makinwa (FCCA)

Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

27 November 2023

Christ Liquid Fire Ministry

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 28 February 2023

28.2.23 28.2.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 105,210 120,658

Other income 4 -
Total 105,214 120,658

EXPENDITURE ON
Charitable activities
Church Activities 91,815 49,476

Other - 1,905
Total 91,815 51,381

NET INCOME 13,399 69,277


RECONCILIATION OF FUNDS
Total funds brought forward 123,911 54,634

TOTAL FUNDS CARRIED FORWARD 137,310 123,911

Christ Liquid Fire Ministry (Registered number: 07540480)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 123,821 122,141

CURRENT ASSETS
Cash at bank 17,324 7,099

CREDITORS
Amounts falling due within one year 7 (3,835 ) (5,329 )

NET CURRENT ASSETS 13,489 1,770

TOTAL ASSETS LESS CURRENT
LIABILITIES

137,310

123,911

NET ASSETS 137,310 123,911
FUNDS 8
Unrestricted funds:
General fund 137,310 123,911
TOTAL FUNDS 137,310 123,911

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Christ Liquid Fire Ministry (Registered number: 07540480)

Statement of Financial Position - continued
28 February 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 27 November 2023 and were signed on its behalf by:





R Egwabor - Trustee

Christ Liquid Fire Ministry

Statement of Cash Flows
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 14,708 73,062
Net cash provided by operating activities 14,708 73,062

Cash flows from investing activities
Purchase of tangible fixed assets (4,483 ) (68,292 )
Net cash used in investing activities (4,483 ) (68,292 )

Change in cash and cash equivalents in the
reporting period

10,225

4,770
Cash and cash equivalents at the beginning
of the reporting period

7,099

2,329
Cash and cash equivalents at the end of the
reporting period

17,324

7,099

Christ Liquid Fire Ministry

Notes to the Statement of Cash Flows
for the Year Ended 28 February 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
28.2.23 28.2.22
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

13,399

69,277
Adjustments for:
Depreciation charges 2,803 2,802
(Decrease)/increase in creditors (1,494 ) 983
Net cash provided by operations 14,708 73,062


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/3/22 Cash flow At 28/2/23
£    £    £   
Net cash
Cash at bank 7,099 10,225 17,324
7,099 10,225 17,324
Total 7,099 10,225 17,324

Christ Liquid Fire Ministry

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


Christ Liquid Fire Ministry

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

28.2.23 28.2.22
£    £   
Depreciation - owned assets 2,803 2,802
Equipment Hire 36,246 12,689
Other operating leases 17,055 3,226

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

28.2.23 28.2.22
Senior Pastor 1 1

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 120,658

EXPENDITURE ON
Charitable activities
Church Activities 49,476

Other 1,905
Total 51,381

NET INCOME 69,277


Christ Liquid Fire Ministry

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 54,634

TOTAL FUNDS CARRIED FORWARD 123,911

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022 112,631 5,512 8,500 126,643
New Build Addition - 4,483 - 4,483
At 28 February 2023 112,631 9,995 8,500 131,126
DEPRECIATION
At 1 March 2022 - 1,102 3,400 4,502
Charge for year - 1,103 1,700 2,803
At 28 February 2023 - 2,205 5,100 7,305
NET BOOK VALUE
At 28 February 2023 112,631 7,790 3,400 123,821
At 28 February 2022 112,631 4,410 5,100 122,141


Christ Liquid Fire Ministry

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Accountancy 2,605 3,086
Social security and other taxes 1,230 2,243
3,835 5,329

8. MOVEMENT IN FUNDS
Net
movement At
At 1/3/22 in funds 28/2/23
£    £    £   
Unrestricted funds
General fund 123,911 13,399 137,310

TOTAL FUNDS 123,911 13,399 137,310

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 105,214 (91,815 ) 13,399

TOTAL FUNDS 105,214 (91,815 ) 13,399


Comparatives for movement in funds

Net
movement At
At 1/3/21 in funds 28/2/22
£    £    £   
Unrestricted funds
General fund 54,634 69,277 123,911

TOTAL FUNDS 54,634 69,277 123,911

Christ Liquid Fire Ministry

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 120,658 (51,381 ) 69,277

TOTAL FUNDS 120,658 (51,381 ) 69,277

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/3/21 in funds 28/2/23
£    £    £   
Unrestricted funds
General fund 54,634 82,676 137,310

TOTAL FUNDS 54,634 82,676 137,310

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 225,872 (143,196 ) 82,676

TOTAL FUNDS 225,872 (143,196 ) 82,676


Christ Liquid Fire Ministry

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2023.