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2023-12-31-accounts

CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

CHRISTIAN LIFE FELLOWSHIP (CITY FAITH MINISTRIES TRUST)

Statutory Financial Statements & Trustees Report 31[st] December 2023

Charity No. 1045627

CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

Legal and Administrative Information

Trustees: Mr Enoch Amoah
Mr Philip Ankrah
Mr Michael Amoah
Mr Nnaemeka Umeadi
Mrs Marilyn Mensah
Mrs Sandra Ankrah
Mr Martyn Reay
Mr Emmanuel Kodua
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 2023

TRUSTEES REPORT 2023

Introduction

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 2023, as outlined in the following information:

Emphasis and focus - 2023

Continuing our theme of IMPACT for Christ since 2018 , our emphasis for 2023 was “Kingdom Advancing through the Holy Spirit” . 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 2023 was Matthew 6:33 His righteousness, and all these things shall be added to you.

UK corporate activities:

CLF Global activities and initiatives

Leadership Training took place for leaders in Sierra Leone and Kenya and five pastors from the Kenyan Church were ordained.

Christ House, CLF Ghana also initiated Apostolic Forums where leaders were gathered and empowered to do the work of ministry. The forums were also aimed at strengthening the prayer life of our leaders and igniting their passion for missions. Additionally, there were leadership development programmes throughout the year.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

Projects in 2023

Ropolo (Sierra Leone)

Marfoki (Sierra Leone)

Masiaka (Sierra Leone)

Main active components in 2023

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 of 31st December 2023, CLF Churches comprised of:

UK – 5 churches:

CLF Greenwich, CLF Life Centre (Lambeth), CLF Medway, CLF Kings House (South Woodford), and Scotland. Pastor Andrew and Genesis came to a decision to operate independently of CLF in Nov 23

Ghana – 11 churches in 3 Districts:

Central District: Moree. The other Central region branches which were under Pastor Justice are no longer CLF churches, as Ps Justice has chosen to operate independently of CLF

Accra District: Alogboshi has moved to Achimota, Kotobabi, Teacher Mante, and Kasoa (Macedonia has closed down)

Eastern District: Habitat, Afiasa, Appapam, Koforidua Magazine, Moseaso and Abomosu (Osino has closed down since the Pastor left for Gamibia and subsequently chose to operate independently of CLF)

Kenya – 4 churches:

Nairobi – Buruburu. Uthiru - Online Church and Touching Lives Youth Church.

Sierra Leone – 6 churches:

Port Loko (HQ), Maforki, Ropolon, Tiama, Benga and Touching Lives Church. Temporal Closure of: Kambia Makama - folded

Masiaka - No pastor

Bo-Mopalla,Bengeh and Bambuibu. (Folded into house cells)

Liberia – 1 church

Polotorie (Monrovia)

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

India

Chennai - We have 1 church in a town called Padi. The church has found stability and grown under the leadership of Pstr Cynthia post covid. The specific outreaches to teaching young Hindi women to speak English has been successful with a number coming to faith but worshipping secretly for fear of persecution.

Andre Pradesh – The 9 CLFI congregations are based in 9 hamlets supervised by Gospel Torch. The churches remain vibrant, and Minister Joanny Moses is now at the helm of Gospel Torch Ministries and has now assumed the role of overseeing the CLF churches.

The Gambia

The Fellowship was closed down following our missionary. Pstr Victor relocated to Kenya after a 2-year stint in The Gambia. There were difficulties in securing a meeting place and other religious groups were hostile to the presence of home fellowships. This became a challenge for members to remain. The few souls gathered have joined other churches.

Republic of South Africa (RSA) – 1 church

Fresh Start Sada

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:

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 comprises 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 2023:

A ministry to prisoners and ex-prisoners to encourage them in their spirituality; and support them in a productive alternative after prison. In 2023, BlessUp meetings resumed on a monthly basis for exprisoners. The process of resuming Sunday services in Belmarsh Prison began, with dates being set for 2024. (Leader: Alison Smith)

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

“Women of the Watch” (WOW) is an end time ministry of ICWN, raising intercessors throughout the earth to fulfil the call of standing in the gap and operating in the roll of the watchman in these last days. WOW is playing her part in preparing the (Bride) in ushering the coming of the Lord Jesus Christ. In 2023 ICWN continued to host the annual “Women of the Watch” Weekend Prayer retreat at the Saint Columba’s House in Surrey. During the August weekend there were approximately 23 women in attendance, mostly from the different CLF churches. We met with God in such a beautiful way, hearing God’s prophetic word from Pastor Philip Ankrah and Pastor Martyn Reay. The ladies were stirred up for prayer and the call of the intercessor.” (Leader: Sheron Ankrah)

● Omega Generation

A youth ministry empowering teenagers and young adults to a radical and relevant commitment to discipleship and missions. There were few active missions in 202port some CLF projects. (Leader: Peter Mensah)

● Abiding In Christ (AiC)

Mission trips for women aimed at empowering them to impact their worlds using the tools of training, evangelism, and discipleship. In July 2023, we hosted a mission trip to Ghana and were joined by Rafiat Lawal from the UK. The AiC team carried out evangelism at a local mall, held workshops with teachers and pupils at a secondary school, delivered training and ministered at a hospital, took part in a community project, ministered at a local prison and at church. The team also held a Healing workshop for Ladies. In October 2023, the team also facilitated a Prison Ministry visit with Fola Oyeleye from CLF Greenwich (Leader: Marilyn Mensah).

● Neriah Nea Academy (NNA)

This Academy seeks to provide an exceptional learning environment rooted in biblical principles. (Leader: Janet Doughan).

● Daughters Of The King (DOTK)

A global CLF women’s ministry dedicated to empowering Christian women within the body of Christ. Our aim is to empower women to maximise their potential through wholehearted pursuit of God and His kingdom purpose for their lives. It also seeks to facilitate its mandate through Women’s gatherings and prayer initiatives as well as equipping women in singleness, marriage, and leadership in the church and marketplace.

During 2023 our focus for the year was to build up the fellowship and relationship amongst the women throughout CLF. We had three organised fellowship gatherings. Throughout the year each gathering would discuss singleness, marriage, and motherhood. To include our CLF churches in Africa, Ps Marilyn Mensah ran one DOTK meeting in Ghana with Sierra Leone and Kenya taking part with interactive questions and answers online. The CLF UK DOTK’s first session was held in Greenwich, the second in Medway and the 3rd a restaurant meal in Lambeth. However, the numbers of attendees throughout the year did not represent the number of ladies within our combined churches, we believe the reason for this was because of the new changes and challenges taking place within CLF in this season of transition.(Leader: Sheron Ankrah)

● Stronger Men Ministries (SMM)

A men’s ministry to empower men to be strong in spirit, strong in leadership and stronger together. In 2023 SMM had not engaged in any major corporate activity however, there has been an increasing sense of a need for more engagement in the local branches across the CLF communities. (Leader: Peter Mensah)

● MaryLayo Talks

The ministry was launched in April 2023 to support, maintain and promote good mental health and spiritual wellbeing. 24 April 2023 started: Beyond the Smile podcast. Together with guests, MaryLayo discusses issues and life events that can affect mental wellbeing. 23 episodes on topics such as bereavement, perfectionism and brain tumour recovery have been published on platforms including Apple Podcasts, Spotify, and Amazon music. On 2 April, MaryLayo Talks YouTube channel launched to facilitate healing, growth, and development through discussion on faith, social issues and mental health.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

The channel focuses on personal reflections, guest interviews and devotionals. (Leader: Mary Ogungbeje)

● Thamesmead Christian Fellowship A community summer program running for 4 weeks during the holidays. The scheme accommodates 100 children weekly from the ages of 4-11 years. Children enjoy a daily bible story, crafts, and games. Funding from the local authority enabled every child to receive a hot meal daily. Children and families are invited to CLF community Fun days. (Leader: Angela Colman)

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 2023 CLM had oversight responsibility for the following initiatives:

Highlights of 2023

The highlights of 2023 are those achievements and activities scheduled in 2023 within the UK that emphasised the corporate progress of CLF during that year, including:

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:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

Discipleship Training and leadership development

Ephesians 4:11-12 11 “Now these are the gifts Christ gave to the church: the apostles, the prophets, the evangelists, and the pastors and teachers. 12 Their responsibility is to equip God’s people to do his work and build up the church, the body of Christ.” (NLT)

Other church and leadership activities

About City Faith Ministries Trust

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

We are a nondenominational Church and a member of the Evangelical Alliance (UK).

Our Mission

CLF is a global family of Churches and ministries committed to making disciples of Jesus Christ as a Christ centred purpose driven Church. Matthew 28:18-20.

Our Vision

Our vision is to fulfil our mission to make disciples of Jesus Christ by planting and establishing local Churches in every nation as the Lord Jesus Christ leads.

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:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

Our Strategy

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

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 endeavour 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:

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

CFMT seeks to raise its financial support through:

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

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.

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

However, CLF has a constitution that acts as a guide and governing document for all our Churches and ministries.

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

CLF Global Executive (Presbytery):

The Global Executive (Presbytery) administers 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.

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 (Presbytery). Further information about CFMT and CLF is detailed in CLF’s constitution.

……………………………. (Trustee /Treasurer)

11[th] April 2024

……………………………. Date

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

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 31 December 2023.

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: 30 July 2024

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

STATEMENT OF FINANCIAL ACTIVITIES
INCOMING RESOURCES
Grants and Donations (incl. Gift Aid Received)
Investment income
Other Incoming Resources
Bank Interest
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
Total Funds Carried Forward		 2023
2023
2023
2022
Restricted
Unrestricted
Total
Total
£
£
£
£
309,862
309,862
335,906
-
-
-
27,292
27,291
11,277
169
169
-
337,323
337,323
347,183
262,926
262,926
321,456
23,116
23,116
468

286,042
286,042
321,924
51,281
51,281
25,259
624,662
624,662
533,582
5,147
5,147
1,917
681,090
681,090
560,758

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 2023

BALANCE SHEET 2023 2023 2022 2022
£ £ £ £
FIXED ASSETS(Note 5) 264,916 264,448
CURRENT ASSETS
Debtors 3,033 -
Cash and Bank 446,114 383,132
CURRENT LIABILITIES
Creditors- within one year (Note 7) (32,987) (22,918)
NET CURRENT ASSETS 360,214
Creditors– Not within one year (note 8) 0 0
NET ASSETS 681,090 624,662
CAPITAL AND RESERVES
Designated Funds 102,070
Unrestricted Funds 527,739 560,758
Reserves 51,281 63,904
NET ASSETS 681,090 624,662

Approved by the Board of Trustees on 11[th] April 2024 and signed on their behalf

------------------------------------------------------

Trustee

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

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 2023

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 2023

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.

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.

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 of support costs 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, e.g. 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 2023

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 2023

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 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 2023

3. GRANTS & DONATIONS

Donation (incl. Gift Aid Received)
Gift Aid Accrued
Designated Building Fund
Contributions from Affiliates
Income from Missions
Other Grants and Donations
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		 2023
2023
2023
2022
Restricted
Unrestricted
Total
Total
£
£
£
£
-
276,250
276,250
335,906
-
-
610
610
22,059
22,059
10,943
10,943
-
-
309,862
309,862
335,906
Cost of Charitable
Activities
Governance
Cost
Total 2023
Total 2022
80,864
80,864
30,373
28,595
28,595
59,554
31,740
31,740
40,134
105,384
105,384
142,522
246,393
246,393
272,584
16,533
16,533
48,872
23,116
23,116
468
16,533
23,116
39,649
49,340
262,926
23,116
286,042
321,924

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CHRISTIAN LIFE FELLOWSHIP FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSETS

5. FIXED ASSETS
Freehold Furniture & Mus./Office Motor
Office Fittings Equipment Vehicle Total
£ £ £ £ £
COST
At 1 January 2023 301,742 11,485 105,687 12,151 431,065
Additions
Disposals
At 31 December 2023 301,742 11,485 105,687 12,151 431,065
DEPRECIATION
Accumulated Depreciation 36,826 11,485 105,687 12,151 166,617
Charge for the year
At 31 December 2023 36,826 11,485 105,687 12,151 166,617
NET BOOK VALUE
At 31 December 2023 264,916 0 0 0 264,916
At 31 December 2022 264,916 0 0 0 264,916
6. DEBTORS 2023 2022
£ £
Staff Advances 3,033
7. CREDITORS- falling due within one year 2023 2022
£ £
Other Creditors & Accruals 33,010 20,316
Credit Cards (23) 2,602
32,987 22,918
8. CASH AND BANK BALANCES AT 31.12.2023
£
Total Cash at bank and in hand £446,114.59

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