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2022-12-31-accounts

CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

CHRISTIAN LIFE FELLOWSHIP (CITY FAITH MINISTRIES TRUST)

Statutory Financial Statements & Trustees Report 31[st] December 2022

Charity No. 1045627

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Legal and Administrative Information

Trustees: Mr Enoch Amoah
Mr Philip Ankrah
Mr Michael Amoah
Mr Nnaemeka Umead
Mrs Marilyn Mensah
Mrs Sandra Ankrah
Charity Registration No: 1045627
Principal Office: 87 Trafalgar Road
Greenwich
London
SE10 9TS
Accountants: Rev Olu Olasode PhD FCCA
TL First Accountants & Consultants
1 Copers Cope Road
Beckenham, Kent
BR3 1NB
Bankers: Natwest Bank Plc
HSBC Bank Plc
Barclays Bank Plc

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

TRUSTEE REPORT 2022

Annual report on City Faith Ministries Trust (Christian Life Fellowship) For Year 2022 By Kwame J Dompreh (General Overseer)

This document has been prepared for the Trustees and members of City Faith Ministries Trust (CFMT) (aka Christian Life Fellowship (CLF) as an end of year report detailing its activities and operations throughout the year 2022 as outlined in the following information:

Emphasis and focus in 2022

Continuing our theme of IMPACT for Christ since 2018 , our emphasis for 2022 was “Kingdom Advancing” . We believe that God has blessed us in order for us to impact our world with His kingdom. We sought to pursue this mandate in the same vein as we did the previous year as follows:

Our emphasis was pursued through our UK corporate activities and our Main active components as outlined in this document.

Key text used for our emphasis throughout 2022 was found in Matthew 6:33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you.

UK corporate activities

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

CLF Global activities and initiatives

Apostolic Forums took place for leaders in Sierra Leone and Kenya with Pastors John Dompreh and Peter Mensah.

In Sierra Leone the yearly worship concert took place in Apantao, alongside the Smart child project.

Projects in 2022

A Youth empowerment program as well as a farming project took place. In October we saw the opening of the CLF School project which was dedicated to Pastor Joseph Boadu.

Main active components in 2022

Church Planting

We believe Church planting to be the most effective method of obeying the Great Commission of Jesus Christ through world evangelism and the discipleship of every born-again believer within the context of a church community.

Local Churches

As at 31st December 2022, CLF Churches comprised of:

UK – 6:

Greenwich, Life Centre (Lambeth), Medway, Kings House (South Woodford), Genesis (Enfield) and Scotland.

Ghana – 16 churches in 3 Districts:

Central District: Asafo, Ekroful, Mahodwe, and Moree Accra District: Alogboshi, Kotobabi, Teacher Mante, Kasoa, and Macedonia Eastern District: Habitat, Afiasa, Appapam, Koforidua, Moseaso, Abomosu, and Osino

Kenya – 2:

Nairobi – Buruburu and Uthiru.

Sierra Leone – 12 : Port Loko (the Headquarter Church), Maforki, Ropolon, Tiama, Benga, (Kagboroh), Kambia Makama, Masiaka, Youth Church (Port Loko), Youth Church (Bo), Mopalla, Bengeh, and Bambuibu CLF continues to have affiliations with the Sierra Leone Armed Forces Chaplaincy.

Liberia – 1 Polotorie (Monrovia) India – 1 Chennai

Andre Pradesh – 9 congregations all named CLFI Centre, in 9 hamlets: Ramesh (3), Solomom (3), Dora (2), Santosh (1) supervised by Gospel Torch. Each congregation is distinguishable by the pastor’s name.

The Gambia – 1 Kotu Fellowship

Republic of South Africa (RSA) – 1 Fresh Start Sada

Overall, in 2022, CLF had 46 Churches spread across 8 countries.

Leadership Development

CLF has a seven-stage discipleship strategy to equip our members from new believers to ordained ministers as part of our Membership Discipleship Program (MDP). This strategy is further enhanced through our Bible school (Christian Life Training Institute (CLTI), and various training initiatives and seminars as outlined below:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Christian Life Training Institute (CLTI)

CLTI is the Bible School initiative of CLF. It aims to serve our mission and vision to make disciples of Jesus Christ by equipping our members and the wider body of Christ with a Christ centred perspective to life and ministry.

CLTI offers two flagship courses – Ministerial Training Course (MTC) for the spiritually mature, and Christian Discipleship Course (CDC) for believers who desire to be equipped as Disciples of Christ. CLTI also offers other short courses in a variety of subjects and is currently established in the following countries:

Ministries

The Ministries component within CLF consists of various initiatives and services whose remit and scope of operation goes beyond the CLF family to the wider body of Christ and/or the general community within society. The following were the active ministries in 2022:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Missions

The primary corporate mission’s effort of CLF comes under Christian Life Mission (CLM) formerly Christian Life Ministries) in partnership with CLM Trust. CLM Trust is a registered charity committed to world evangelism, church planting, leadership development, and social action. In 2022 CLM was responsible for the following initiatives:

Highlights of 2022

The highlights of 2022 are those achievements and activities in 2022 within the UK that we felt emphasised the corporate progress of CLF during that year. These included:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Challenges in 2022

2022 also saw the sad passing of Samantha Georgiou and Olu Oyerinde from CLF Medway as well as several close and dear family members and friends.

Partnership Organisations and Ministries

In addition to CLF’s initiatives and activities, CLF also supported and partnered with the following organisations and Church leaders as they sought to fulfil their specific mission:

CLF Global 2023 – Advancing the Kingdom through the Holy Spirit

Key Texts for 2023:

Acts 1:8 But you will receive power and ability when the Holy Spirit comes upon you; and you will be My witnesses [to tell people about Me] both in Jerusalem and in all Judea, and Samaria, and even to the ends of the earth.”

1 Pet 1:12 They were told that their messages were not for themselves, but for you. And now this Good News has been announced to you by those who preached in the power of the Holy Spirit sent from heaven. It is all so wonderful that even the angels are eagerly watching these things happen.

John 14:26 But the Advocate, the Holy Spirit, whom the Father will send in My name, will teach you all things and will remind you of everything I have told you.

John 15:26 But when the Comforter is come, whom I will send unto you from the Father, even the Spirit of truth, which proceedeth from the Father, he shall testify of me : Matthew 6:33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you.

Matthew 28:19 ISV Therefore, as you go, disciple people in all nations, baptizing them in the name of the Father, and the Son, and the Holy Spirit

Matthew 9:23 BLB And Jesus was going throughout all the cities and the villages, teaching in their synagogues, and proclaiming the gospel of the kingdom, and healing every disease and every sickness.

Our continued theme of Kingdom Advancing through the Holy Spirit – a Recap

The Kingdom of God is wherever God reigns. It is the will and dominion of God demonstrated in any given context or sphere of influence where Jesus Christ His Son is honoured as Lord and king and the Holy Spirit empowers.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Acts 1:8 AMP But you will receive power and ability when the Holy Spirit comes upon you; and you will be My witnesses [to tell people about Me] both in Jerusalem and in all Judea, and Samaria, and even to the ends of the earth .”

1 Cor 4:20, Isa 9:7, Matt 24:14, Romans 14:17, Acts 8:4-8

Scripture teaches the kingdom of God to be originally spiritual and supernatural, impacting the natural and physical world into becoming a part of that dominion of God. In essence the kingdom of God is:

THE INFLUENCE AND POWER OF THE HOLY SPIRIT IN ADVANCING THE MANIFESTATION OF GOD’S RULING PRESENCE. THIS IS OF PARAMOUNT IMPORTANCE.

Kingdom Advancing is the government of God ruling in the believer’s life, the church and in the world through the presence and power of the Holy Spirit. This is manifested in two main dimensions:

Internal : The kingdom of God is within you. It is the spiritual growth in a believer’s character into Christlikeness, hallmarked by love, grace, and truth in the power of the Holy Spirit

External: Reaching our world of influence with the gospel of our Lord Jesus for their repentance and salvation. It is the manifestation of the love, wisdom, ways, power and works of God externally i.e., being Light and Salt in all forms and shapes in our world as the Holy Spirit empowers us.

The Kingdom advances both internally and externally, primarily through the Holy Spirit’s anointing and power, our gifts, finances, talents, and ALL other resources to:

God has called us to ADVANCE His Kingdom here on earth by being His instruments through the enabling power of the Holy Spirit. It involves us, as individuals and as a body of believers, allowing the Holy Spirit to influence our lives and the lives of others reciprocally- as it was through the ministry of our Lord Jesus and His early disciples.

Therefore, it is our desire to see God’s Kingdom manifested in our lives as individuals, in our local Churches and as a global family of believers; and where we see the Lord’s Prayer answered in every sphere of influence or arena of life, He has graced us to be:

Matthew 6:10 Your kingdom come. Your will be done on earth as it is in heaven.

Matthew 12:28 But if I cast out demons by the Spirit of God, surely the Kingdom of God has come upon you.

Acts 8:5-8, 12 5 Then Philip went down to the city of Samaria and preached Christ to them. 6 And the multitudes with one accord heeded the things spoken by Philip, hearing and seeing the miracles which he did. 7 For unclean spirits, crying with a loud voice, came out of many who were possessed; and many who were paralyzed, and lame were healed. 8 And there was great joy in that city. 12 But when they believed Philip as he preached the things concerning the kingdom of God and the name of Jesus Christ, both men and women were baptized.

As individuals it is we allowing God’s kingdom to flow through us in authentic signs, wonders and philanthropic works as demonstrated by our Lord and His disciples. Indeed, such is the expectation of the impact of the Gospel that, believers are expected to demonstrate the signs of the kingdom:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Mark 16:17-18 17 And these signs will follow those who believe: In My name they will cast out demons; they will speak with new tongues; 18 they will take up serpents; and if they drink anything deadly, it will by no means hurt them; they will lay hands on the sick, and they will recover.”

As a body of believers, our focus should be on that “one big thing” – the kingdom of God and His will - by allowing this “one big thing” to be demonstrated through us to our immediate communities, city and nation Acts 5:12-16 12

An important aspect in this pursuit is UNITY.

We will be effective as a movement if we in our local churches strive together as one man. Indeed, we are stronger together in all our pursuits and initiatives as opposed to seeking to do so on our own as individuals or on our own as local churches as the following verses highlight:

Ecclesiastes 4:9-12 9 Two are better than one, because they have a good reward for their labor. 10 For if they fall, one will lift up his companion. But woe to him who is alone when he falls, for he has no one to help him up. 11 Again, if two lie down together, they will keep warm; But how can one be warm alone? 12 Though one may be overpowered by another, two can withstand him. And a threefold cord is not quickly broken.

Not only do we need to teach our members to always seek unity above personal ambitions, gain or rights as we seek first the kingdom of God and its righteousness within the context of their local church familywe also need to ensure that as leaders we are doing the same within the context of our international church family i.e., CLF Global.

Pursuing our Mission and Vision Together

We do this by uniting around our mission, vision, and goals, whilst utilising the tools of effective communication and publications at our disposal. We should also continue our commitment to strengthen our current churches within the context of our mission, vision, and goals. Borne out of our commitment to obey the Great Commission of Jesus Christ

CLF Plans from 2023

Our plans are to:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

About City Faith Ministries Trust

City Faith Ministries Trust (CFMT) is the UK charity under which Christian Life Fellowship (CLF) is registered.

CLF is a global family of Churches and ministries committed to making disciples of Jesus Christ as a Christcentred purpose driven Church.

We are a non-denominational Church and a member of the Evangelical Alliance (UK).

Our Mission

We exist because of The Great commission of our Lord Jesus summarized in Matthew 28:18 to 20, which mandates us to make disciples of Jesus Christ .

Our Vision

Our vision is to fulfil our mission to make disciples of Jesus Christ by planting and establishing local Churches in every nation and in every city, town and village within those nations.

We also fulfil our vision as we facilitate Church planting and leadership development in partnership with other Churches and ministries within the body of Christ in those nations.

Our core values

Our core values are those ideals we are unwilling to compromise as we fulfil our vision. They are derived from our mission and embrace the following:

Our Strategy

Our strategy speaks to us of how we pursue and fulfill our vision through a commitment to the following:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Stage 1 – New Believers Course Stage 2 – New Members Orientation Course Stage 3 – Spiritual Maturity Course (also Christian Discipleship Course) Stage 4 – Ministry Orientation for Church Workers Stage 5 – Leadership Orientation course Stage 6 – Ministerial Training course Stage 7 – Ordination Process

Every CLF Church should endeavor to ensure that each stage of discipleship is being expressed within the life of their local congregation

Responsibilities and functions within the Trust

City Faith Ministries Trust (CFMT) functions as the umbrella charity responsible for CLF’s Head office, corporate initiatives, new ministry initiatives outside of a local Church covering, new authorised Church plants and any CLF Church without its own charitable or CIO status.

These responsibilities are further administered under the leadership of CLF’s Global Executive Board (General Presbytery) and CFMT Board of Trustees, and involve the following:

CFMT seeks to raise its financial support through:

Monies raised will go towards providing financial support required to administrate the CFMT responsibilities outlined above.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Benefits to being part of the CLF family of Churches and ministries

CLF exists to fulfil the Great Commission and see the body of Christ worldwide built up. Being part of this family of Churches and ministries enables a unique access to the following benefits:

CLF’s Global Structure and Governance

All CLF Churches and ministries are responsible for their own legal, financial and administrative affairs. However, CLF has a constitution that acts as a guide and governing document for all our Churches and ministries.

CLF Churches and ministries are inter-dependent autonomous self-governing Churches and ministries under the apostolic oversight of the CLF Global Executive (Presbytery).

The Global Executive (Presbytery) is spiritually accountable to the Council of Ordained Ministers (COM) and is its executive arm. It administrates its apostolic responsibilities through the charity, City Faith Ministries Trust (CFMT) which acts as the legal body responsible for CLF UK and Global administrative initiatives and finances.

CLF Global Executives (Presbytery):

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

The Global Executive (Presbytery) is legally and financially accountable to CFMT Trustee Board, which is responsible for the legal, administrative and financial affairs of City Faith Ministries Trust (CFMT). The Trust Board currently consists of:

The CFMT Trustee Board is spiritually accountable to the apostolic oversight of CLF Global Executive. Further information about CFMT and CLF is detailed in CLF’s constitution.

……………………………. (Trustee /Treasurer)

7/4/2023 ……………………………. Date

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

INDEPENDENT EXAMINER’S REPORT

I report to the trustees on my examination of the accounts of the City Faith Ministries Trust (the Trust) for the year ended 29 December 2022.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 examiner’s statement

I am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Dr Olu Olasode FCCA Chartered Certified Accountant TL First Accountants Limited TL First Limited

Date:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

STATEMENT OF FINANCIAL ACTIVITIES
INCOMING RESOURCES
Grants and Donations (including Gift Aids)
Investment income
Other Incoming Resources
Total Incoming Resources
RESOURCES EXPENDED
Costs of Activities in Furtherance of the
Company’s Objects
Charitable Activities
Governance Costs
Total Resources Expended
Net Incoming / (Outgoing) Resources
Total Funds Brought Forward
Reserves Adjustments for Bank Balances
Total Funds Carried Forward		 2022
2022
2022
2021
Restricted
Unrestricted
Total
Total
£
£
£
£
335,906
335,906
341,546
0
0
0
11,277
11,277
60,162
347,183
347,183
401,708
321,456
321,456
376,661
468
468
2,068
321,924
321,924
378,729
25,259
25,259
22,979
533,582
533,582
508,484
1,917
1,917
2,119
560,758
560,758
533,582

There were no recognised gains or losses for the year, other than those included in the Statement of Financial Activities.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

BALANCE SHEET
FIXED ASSETS(Note 5)
CURRENT ASSETS
Debtors
Cash and Bank
CURRENT LIABILITIES
Creditors- within one year (Note 7)
NET CURRENT ASSETS
Creditors– Not within one year (note 8)
NET ASSETS
CAPITAL AND RESERVES
Restricted Funds
Unrestricted Funds
Reserves
NET ASSETS		 2022
£
-
383,132
(22,918)		 2022
£
264,448
360,214
0		 2021
£
-
352,048
(19,478)		 2021
£
264,916
332,570
0
624,662 597,486
560,758
63,904		 533,582
63,904
624,662 597,486

7/4/2023 Approved by the Board of Trustees on …………………………… and signed on their behalf

-----------------------------------------------------Trustee

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

1. BASIS OF PREPARATION

1.1. Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2. Going Concern

The charity is a going concern and the accounts have been prepared on a going concern basis.

1.3. Change of accounting policy

There is no change of accounting policy during the period.

1.4. Changes to accounting estimates

There is no change to accounting estimates during the period

1.5. Material prior year adjustments

There are no material prior year adjustments during the period.

2. ACCOUNTING POLICIES

2.1. Income

Recognition of These are included in the Statement of Financial Activities (SoFA) when: income

There has been no offsetting of assets and liabilities, or income and expenses, Offsetting unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and Grants and donations are only included in the SoFA when the general income donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government The charity has received government grants in the reporting period grants Gift Aid receivable is included in income when there is a valid declaration Tax reclaims on from the donor. Any Gift Aid amount recovered on a donation is considered to donations and be part of that gift and is treated as an addition to the same fund as the initial gifts donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and This is only included in the SoFA once the charity has provided the related performance goods or services or met the performance related conditions. related grants Donated goods are measured at fair value (the amount for which the asset Donated goods could be exchanged) unless impractical to do so.

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated Donated services and facilities are included in the SOFA when received at the services and value of the gift to the charity provided the value of the gift can be measured facilities reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is Volunteer help described in the trustees’ annual report.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Income from interest, This is included in the accounts when receipt is probable and the amount royalties and receivable can be measured reliably. dividends Income from Membership subscriptions received in the nature of a gift are recognised in membership Donations and Legacies. subscriptions Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of Insurance claims are only included in the SoFA when the general income insurance recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as claims an item of other income in the SoFA. Investment This includes any realised or unrealised gains or losses on the sale of gains and losses investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

2.2. Expenditure and Liabilities

Liability Liabilities are recognised where it is more likely than not that there is a legal recognition or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other Governance and support. Governance costs comprise all costs involving public accountability support costs of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a Grants with specific level of service or output to be provided, such grants are only performance recognised in the SoFA once the recipient of the grant has provided the conditions specified service or output. Grants payable Where there are no conditions attaching to the grant that enables the donor without charity to realistically avoid the commitment, a liability for the full funding performance obligation must be recognised. conditions Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any Creditors trade discounts Provisions for A liability is measured on recognition at its historical cost and then

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

liabilities subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as Basic financial per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per instruments paragraphs 11.17 to 11.19, FRS102 SORP.

2.3. Expenditure and Liabilities

Tangible fixed These are valued at cost and capitalised if they can be used for more than one assets for use year, and cost at least £1,000 by charity

The charge for depreciation is calculated to write off the cost of the fixed assets over their useful lives on the following bases:

Office & Musical Equipment 25% on the reducing balance Furniture & fittings 25% on the reducing balance Motor Vehicles 25% on the reducing balance Freehold Office 1% on the Straight Line Method

Assets are depreciated from the time at which they are brought into use.

Intangible The charity has intangible fixed assets, that is, non-monetary assets that do not fixed assets have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5

They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.

They are valued at cost.

Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments.

Stocks held for sale as part of non-charitable trade are measured at the lower Stocks and or cost or net realisable value. work in progress Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Current asset investments

The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

3. GRANTS & DONATIONS

Donation (including gift aid)
Gift Aid (Accrual)		 2022
2022
2022
2021
Restricted
Unrestricted
Total
Total
£
£
£
£
-
335,906
335,906
341,546
-
-
-
-
335,906
335,906
341,546

4. RESOURCES EXPENDED

Analysis of Resources Expended
Direct Costs:
Services & Events
Departmental /Project Support
Evangelism & Missions
Staff Costs
Indirect Costs:
Office and Admin Costs
Governance Cost
Total Resources Expended
5. FIXED ASSETS
COST
At 1 January 2022
Additions
Disposals
At 31 December 2022		 Analysis of Resources Expended
Direct Costs:
Services & Events
Departmental /Project Support
Evangelism & Missions
Staff Costs
Indirect Costs:
Office and Admin Costs
Governance Cost
Total Resources Expended
5. FIXED ASSETS
COST
At 1 January 2022
Additions
Disposals
At 31 December 2022		 Cost of Charitable
Activities
Governance
Cost
Total 2022
Total 2021
30,373
30,373
18,189
59,554
59,554
46,895
40,134
40,134
65,854
142,522
-
142,522
199,032
272,584
-
272,584
329,970
48,872
48,872
46,691
-
468
468
2,068
48,872
468
49,340
48,759
321,456
468
321,924
378,729
Freehold
Office
Furniture &
Fittings
Mus./Office
Equipment
Motor
Vehicle
Total
£
£
£
£
£
301,742
11,485
105,687
12,151
431,065
301,742
11,485
105,687
12,151
431,065

23

CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2022

DEPRECIATION
Accumulated Depreciation
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2021
At 31 December 2022		 36,826
11,485
105,687
12,151
166,149
468
468
37,294
11,485
105,687
12,151
166,617
264,916
0
0
0
264,916
264,448
0
0
0
264,448
6. CREDITORS- falling due within one year 2022 2021
£ £
Other Creditors & Accruals 20,316 15,450
Credit Cards 2,602 4,028
22,918 19,478
7. CASH & BANK BALANCES AT 31.12.2022
Total £383,132.15

24