FESTIVAL OF LIFE

Company limited by guarantee

Company Registration Number:
04276341 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

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Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

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Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The main objective of the Charity is: “The advancement of the Christian religion worldwide.” It pursues this purpose from its administrative office in Brent Terrace, Brent Cross, Northwest London, and the pillar of the organisation are the bi-annual, all-night Pentecostal-style prayer, praise and worship services which includes the preaching and teaching of the word of God. These meetings are aimed at reaching out to the unchurched.

Political and charitable donations

1. Compassion UK, an organisation dedicated to improving the lives of children living in poverty through holistic child development and support initiatives. A charitable grant of £27,060 was awarded to Compassion UK as part of our ongoing commitment to supporting impactful, faith-based humanitarian work around the world. 2. A grant of £4,700 to Africa Missions, an organisation committed to addressing the plight of the less privileged in Africa through sustainable community development programs and poverty reduction initiatives. 3. A grant of £2,500 to Churchworks, an organisation that brings together churches and the government to address social issues and support vulnerable communities in the UK.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

K Bamigbade
 A Irukwu
 O Oludoyi
 A Sanusi

The director shown below has held office during the period of
8 December 2024 to 31 December 2024

M Hayden

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 September 2025

And signed on behalf of the board by:
Name: A Sanusi
Status: Director

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Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Current assets
Debtors: 3 92,986 127,504
Cash at bank and in hand: 903,022 1,342,767
Total current assets: 996,008 1,470,271
Creditors: amounts falling due within one year: 4 ( 32,240 ) ( 28,241 )
Net current assets (liabilities): 963,768 1,442,030
Total assets less current liabilities: 963,768 1,442,030
Total net assets (liabilities): 963,768 1,442,030
Members' funds
Profit and loss account: 963,768 1,442,030
Total members' funds: 963,768 1,442,030

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 December 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 applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 September 2025
and signed on behalf of the board by:

Name: A Sanusi
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Fixed assets costing £2000 or more are stated at cost and depreciation is provided at rates calculated to write-off the cost of each asset over its useful economic life, less any estimated residual value. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Ministry Equipment - 25% Office equipment - 25%

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 9

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Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 92,386 112,120
Other debtors 600 15,384
Total 92,986 127,504

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Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 12,876 7,521
Taxation and social security 11,159 10,078
Accruals and deferred income 3,600 8,100
Other creditors 4,605 2,542
Total 32,240 28,241