Life CHURCH. Life Church Bollington Annual Accounting Statement For the twelve months ending 31 December 2021 Registered charity number- 1051801 Charity Name: Bollington Christian Lrfe Church
Contents Legal and Administrative Information Report of the Trustees Financial Review Independent Examiners Report Statement of Financial Activities Balance Sheet li Notes to the Financial Statements Legal and Administrative Information Legal Charity Name: Bollin8ton Christian Life Church Known as: Ltfe Church- Bollington Other names the charity is known by-. Bollington Linking Lives Charity Web Site: - bollington.org.uk Registered charity number- 1051801 For financial year commencing: For financial year ending on= lJanuary 2021 31 December 2021 Charity's Principal Address: Havrthorn Road. Bollington, Macclesfield, Cheshire. SKIO 5JN Trust bankers= TSB Bank Plc., Henry Duncan House, 120, George Street. Edinburgh EH12 4LH Independent Examiner. Grace Accountin& 14 Holty Drive. Coventry. CV8 3QA wMv.bollington.org.uk Page 2 of 12 Annual Ac£ounting Stat*nent
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church The Trustees present their annual report together with the financial statements for the twelve months ended 31 December 2021. The charity carries out its activities under the banner of Life Church- Bollington. Reference and Administrative Information Governing Document: The objectives. organisation. management and operations of Life Church Bollington 15 governed by a deed of trust, the oriEinal of which is held at Kingdom Bank in Nottingham. Fellowshlp relationship: Life Church Bollington remains in relationship and fellowship with the churches foming Assemblies of God in Great Britain and Ireland, whose office is located at National Ministry Centre, Gf-F12, No 1-2 The Cottages. Deva Centre. Manchester, M3 7BE. The principal addre55 and other ststutory infomiation about the charity is listed on the contents page. Holding Trustees: The management of the trust is by a church council which has the power, by simple majority vote, to appoint holding trustees who stand possessed of all the property of the trust. Namè Office {rf any) Dates acted. rf not for whole year Name of person entitled to appoint trustees Rev Stephen Thomas (Chairl Mr Geofftey Richard Astje '; Rev Hardd Olbver ISecretsry} . HoldiTrJ Tnjstee Holding Tnjstee Holdllig Tn New Trustee5 are made aware of the work of the charity ahead of joining the board. This includes being fully briefed about the vision and purpose of the charity and being given infomiation on the role of a trustee. No Trustees retired or were appointed in the period. Accounts Preparation: The accounts are prepared on a Receipt5 and Payments Basis ww.tollington.org.uk Page 3 of 12 Annu* Aco)unting stsIent
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Risk Management Where appropriate, systems or procedures have been established to mitigate the risks the charity face5. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Due to the current size of the charity, the trustees believe the risks to the charity to be small. Controls used by the charity include= Formal agendas for all Board activities Strate8ic plannin& budgeting and management accounting Formal written policies Memorandums of Understanding with partner organisations Clear authorisation and appraisal leve15 Charitable Objectives The main objects of the trust remain those of the prodamation and furtherance of the Christian gospel message. In detail, the objertsve5 are classified as follows: To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit: To relieve slckness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including the provision of counselling and support in such parts of the United Kingdom or the world as the church council from time to time think fit. To advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit. Annual Accountsng Statwnenl npN.bollington.org. P•3e 4 of 12
Trustees. Annual Report Report to the trustees of Bollington Christian Life Church Activities and achievements of the charity during the year This is the general report for the Year 2021 (January 1st- December 31st) 2021 continued as the former. to be a challengin8 year for everyone, and this brief rekx)rt outlines the work of the church during this tryin8 year. The focus of the church toward rts members, was the continuing deveh)pment of Discovery Groups. to help people learn the ways of a Christian, and put them into practice. These small groups met in various locations and social settings from homes, to cafes and restaurants. The developing method of leaming in a small group and the study style were under constant review during the year, as this was a new approach for the church. Unfortunately the continuing Covid-19 restrictions meant that the social interdction in these groups was curtailed due to lockdown and social distancing. Some nomial church services and events were resumed during the year. However contained by the continuing pandemic. and consequent restrictions. Online seNices, through the medium of a Facebook group and a YouTube thannel, were continued, thus allowing a weekly connection and worship opportunity to members of the church family. Though our Alpha Course outreach partially stalled due to lockdown, in July an Alpha began in the main buildin and again this proved SUCSSfUl with new people attending. The coffee morning outreach also restarted having been curtailed due to Covid-19. The Linking Live5 befriending scheme, which relies so heavily on face to face time, having been severely restricted due to lockdown regulations, On more had opportunity to resume in-person visiting of their clients. The churches generosity overseas has continued by regular support through World of Worth. in particular sponding to the needs in Mozambique. The redevelopment work on the building continued through 2021, as income for the proiert was received. Though not yet finished, phase l of this work was significantly advanced during a very challenging year for both builders and donors alike. ¥4ww.b(Al1rKJl.arg.uk Page5of12 Annual Accounting Slatema)t
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Financial Review Principal Funding Sour Total restricted and unrestricted gifts and donations in the 12-month period to 31 December 2021 amounted to £113,846 12020.. £137.1401. a decrease of 17%. Unrestricted income amounted to £86,757 12020= £69.6261, increasing 24.6%, with regular tithes and offering proving resilient through the Covid19 pandemic, whilst restricted income reduced to £24.98912020: £67.5141 following a material year-on-year increase in the prior year as the congregation fatthfully gave towards the church building fund. Expense5 of £112,62312020= £125.902} were incurred. an decrease of 10.5% of which £71,29012020: £71,153) related to unrestricted expenditure and £41.332 12020= £54,749) to restricted expenditure, primarily related to the extension of the church building referenced earlier. In the period to 31 December 2021. net incoming resources were £1,223 12020: EII,2381 of which the unrestricted surplus amounted to £IS,46712020- deficit £1,528) and the restricted deficit amounted to £14,244 12020: surplus £12,7651- £2.914 12020-. £Nill was transferred from the Restricted Fund in the year. As at 31 December 2021, the church had total cash funds available to it of £37,161 12020: £35,938) of which £35,291 12020: £22.7391 was classified as unrestricted and £1.870 {2020= £13,199) as restricted. The were no outstanding loans or mortgages by the charity. Freehold land and property, relating to Hawthom Road. Bollington, Macclesfield. Cheshire. SKIO 5JN is capitalised on the balance sheet at £54.233. A valuation was carried out in 2014 that valued land and buildings at £140,000. A further £570 is held in other fixed assets for which the current value is deemed to be £265. Investment Policy Aside from building and retaining a prudent amount in reserves each year, most of the Charity's funds are to be spent in the short term to meet the charit5 objectives. Where surplus funds a held over, these will be held on deposit within the Charivs main banking facilities. If sub5tsntial funds are built up ahead of being deployed to outwork the Charit(s objectives. the trustees will consider low risk bank overnight depositary facilities. Reserve5 Policy The policy of the church is to keep, in SerVe funds, the equivalent of three months average running costs. The church seeks to be prudent with its finances and is aware of the F)055ibility of fluduation5 in its income. It also wishes to have funds in reserve to take advantage of opportunities that arise to expand the work or respond to emergency needs as they arise. For this reason. the Trustees deem it wise to set aside funds equivalent to at least three months average running costs at this time. In order to ensure that fund5 are kept at this level the Trustees have agreed to set aside any surplus income and pay it into the bu5ine55 account on a regular basis until this level is reached. Details of this can be found in our financial Statement. The level of our reserves is monitored quarterly at the Trustees meeting. At the balance sheet date. the church holds, in unrestricted cash reserves, the equivalent of four12019: four) months total unrestricted operating expenditure. The board of trustees have approved the report above. Signed: Full Name: H Oliver Position: Secretary Date: www bollington.Drg.uk Page 6 of 12 Annual Atcounting Statement
Independent Examiners Report on the Annual Accounts Report to the trustees of Bollington Christian Life Church Registered Charity number= 1052316 For accounts covering twefve-month period ended- 31 December 2021 ppared on a Receipts and Payments basis. Respective responsibilities of trustees and Independent Examiner The charity's trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 A¢t,' to follow the procedures laid down in the general Dirertions grven by the Charity Commission under sectlon 14515llbl of the 2011 Art- and to state whether particular matters have come to my attention. Basis of independent examiner's report My exarnination was Carried out in accordance with the general DiTections given by the Charity Commission. An examinatlon includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also include5 con5ideraiion of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any 5uth matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is Biven as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no rnatter has Come to my attention- 111 which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 130 of the 2011 Art- and to prepare accounts which accord with the accounting records and comply wth the accounting requirements of the 2011 Act have not been met,. or 121 to whith. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached." In connecrion wlth my examination, no other matter. except that referred to in the above paragraphs, have come to my attention.. lil Which g¢ves me reasonable cause to believe that in any material respect the requirernents lal to keep accounting records in accordance with section 130 of the 2011 Act- and Ibl to prepare accounts which accord with the accounting record5 and to comply with the accounting requiremertts of the 2011 Art have not been met.. or 21 to which, in my opinion. attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Name: Grace Accountin8 Date= Address- Grace Accounti Ryton on Dunsmore. Warwickshire VWiW.ballingion.org.uk Page 7 0112 knnual Accounting Stslenienl
Accounting Statement For the 12 month period to 31 December 2021 Bollington Christian Life Church - Chartty Number 1051801 Section A Unrestrlcted Funds Recelpts Breakdown Using Chvn Anatysis 2021 2020 Gifts& Voluntary Rec•ipts Gif(s Tbthes & Olknros Income Tax R&ory Gtft Aid Gifts in Kind & Legacies 51,236 14.593 12,440 81.520 65.829 Rac8ipts from Trading Aclivilies Subscriptitms & Fees Recelpts eamed from assets Renls Re1 Other Roc•lpts SurKYry Income Interest Re0ed 200 5,038 3.597 5,237 3,797 TOTAL RECEIPTS 86,757 69,626 Payments Breakdown Using In Anatysis 2021 2020 2020 Mlnlsty & Mlsslon Payments Ministry saI7es & Exe$ J10T ChJTch & EWisM Grfls and SrKmscKship knds rdeasgj Subs & [k)natIlS lo UK Ministries Mission lrips I Cherseas Donatior CL¥rtributTrons to AOG FuJS 53.074 493 52,528 37 3,392 813 210 2,400 3.187 2.070 60.352 59,380 Paents for Adminiatlon. Property, Publicity and Management Teone. Staticwy. & PoStje Rent. Rates. ght & Heal AdtIs1j PrtY Ex1$0$ and knSurae Bank charges Lega & Accountirwj Charges Planl & Equipmwrt Cost$ Miscellawus ExpereS 616 2,928 132 5,134 753 3.387 140 260 128 2,393 2.140 10.939 11,774 Other Payments (M)tcotry as ExrjUre1 PUbaSe offfixed assets A(fiuslÉrKJ it&ns Mortgage Principal Repaid TOTAL PAYMENTS 71.2 71.154 Net Surplus l {Deficit) Transfer fromllknl Restricted Funds Cash Funds last year erKI Cash Funds thisyear end 15.467 {2,9141 22.739 35,291 11.5281 24,266 22,739 ww.bollington.org.uk Page 8 of 12 Annual Acujuftbry Jlatement
Accounting Statement For the 12 month period to 31 December 2021 Bollington Christian Life thurch- Charity Number 1051801 Section B Restricted Income Funds Receipts Breakdown Using (Xvn Anatysis 2021 20 2020 2020 Gifts & Voluntsry Receipts Gifts Trthes & 0rirS Income Tax Reco4ery on Gift Aid Linking Irwne Bulding Fund Income Vision Mozamixque Srmsorship 1.733 6.550 674 16.032 15,852 6.550 1,655 40.407 24,989 Receipts from Tradlng Activltlos L Rent ReCad 2,11KJ 3.050 2,100 3.050 Receipts earnèd from assets Bk interest Other Receipts Grants Receiwl Other TOTAL RECEIPTS 27,089 67.514 Payments Breakdown Using Own Analysis 2020 2020 PAlnlsty & Mission Payments Costs of Ministry sLpt nking Li Gifts and SFJnscrfship rdeased Subs & Donions lo UK Ministries MISSI( tri l (kneas tallonS 75 990 8.058 113 1,243 1.9)7 9.237 Payments for Administration. Property. Publl¢ity and Management LCP Costs Stationery & PIiTrtirKJ Rent. Rates Litht & Heat Property Repair5 & Maintenance Equipment Repairs & Renwals Legal & Professional thts Mis¢8llaneous Expenditure 2.645 2,784 91 1,881 145 374 5,130 Other Payments (not cjnI as E<thjr81 Buildiro FurKI Exlture 36,635 40.382 36.635 40,382 TOTAL PAYMENTS 41.332 54,749 Net Surplus l {Defi¢ltl Transfer Itolmrom Cneral Funds Cash Funds last year end Cash Funds thisyear end {142441 2.914 13.199 1.870 11765 434 13.199 www.bollington.org.uk Page 9 0112 Annual Ac£ounting Statent
Accounting Statement For the 12 month period to 31 December 2021 Bollington Christian Lrfe thurch- Charity Number 1051801 StiOn C EndOTtt Furmjs The Charity does not have any Pernianent or Expble Endowment Funds S'on D Statement of Assets and Liabilib'es at Year End Cash Funds ilnr#stricted funds Re*lcted funds to Endowment funds to nearest £ neaTest£ to nearest £ 35,191 Cash in Bank - Church Cash in Bank- Linking Li Balances held in Deposit Acc(yJnt ILLI Cash in h8rKI Total Cash Funds 924 35,291 1,870 Other Moneta Assets Ihrethcted funds Restricted fundsto Endowment funds to neare&£ nearèst £ to nearest £ Inc(Mn8 Tax Claim Due br Repayment ReCorable Grants other DebtL¥S & Prepayments 37 Total Other Monetary Assets 37 Investment Assets Fund to which It belongs Current Valu¢ Term Deposits Other InlMentS FuThJs Total Investment Assets Assets Retained for Cha own use Fund to whlch 11 belong$ Curront Valuo Lafj and Builthngs Plant and Equipment Fixtures and Fittings CcKnpuier Equipmant Plant and Equipmwl Cunputer Equiwnenl Total Retalned Assets 54.233 Getwal FuThJ General FuThJ Gerwdl Fund Restrict Funds RestrKt&J Funds 570 265 265 Liabililies Fund to which it belong$ Amount du• withln onè year (Currentl Balance due after one year (Long Tèrm) Unpaid In¢(xne Tax & N.1. due Unp8id Salaries & Wages Supplier5 Accounts DL Independent Examinus ACcnt t ContiTrJent Liabilbties Other Liabilities Gawal Fund Gwal FurNI Gwal F)d 140 Genwal FurKI General Total Liabllltles 140 ¥YKw.bollington.org.uk Pag810of12 Annual Accounting Statemeni
Notes to the Financial Statements Accounting Policies The princip31 accounting policie5 are summarised below. The accounting policies have been applied consistently throughout the year. Basis of accounting The accounts have been prepared on a receipts and payments basis Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtheran of the general objectives of the charity- Designated funds are unrestrirted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or throuBh the terms of an appeal. ww.bollington.org.uk Pa9e11 0112 Accounting Statetnent
Life CHURCH. Life Church Bollington www.bollington.org.uk