Life CHURCH. Life Church Bollington Annual Accounting Statement For the twelve months ending 31 December 2022 Registered charity number: 1051801 Charity Name: Bollington Christian Life Church
Contents Legal and Administrative Information Report of the Trustees Financial Review Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Legal and Administrative Information Legal Charity Name: Bollington Christian Life Church Known as: Life Church- Bollington Other names the charity is known by= Bollington Linking LNes Charity Web Site: www. bollington.org.uk Registered charity number- 1051801 For financial year commencing- For financial year ending on: ljanuary 2022 31 December 2022 Charity's Principal Addre5S= Hawthorn Road. Bollington. Maccle5field, Cheshire, SKIO 5JN Trust bankers: T5B Bank Plc.. Henry Duncan House, 120, George Street. Edinburgh EH12 4LH Independent Examiner: Grace Accountin& 14 Holfy Drive, Coventry, CV8 30A vww.bollinglon.org.uk P89e 2 gf f2 Annual Actountng Slalwnenl
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church The Trustees present their annual report together wtth the financial statements for the twelve months ended 31 December 2022. The charity carries out its activities under the banner of tife Church- Bollington. Reference and Administrative Information Governing Document.. The objertive5. organisation, management and operations of Lrfe Church Bollington is governed by a deed of trust. the original of which is held at Kingdom Bank in Nottingham. Fellowship relationship: Life Church Bollington remains in relationship and fellowship with the churche5 forming 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 prlncipal address and other statutory infomiation about the charity is listed on the content5 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 stsnd possessed of all the property of the trust. Name Office (rf any) Dates acted, rf not for whole year Name of person entitled to appoint trustees Rev Stephen Th(xMas {Chair} ' Mr Geoffrey Richard Asle ' Rev Harold Oliver (Secretary) | HoldirwJ Trustge Holding Trusteè Hokiing Trustee New Trustees are made aware of the work of the charity ahead of joining the board. This includes bein8 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 Receipts and Payments Basis www.bollington.org.uk Page 3 of 12 Annual Accountiro Stsiement
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 faces. 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 chartty to be small. Controls used by the charity include- Fom)al agendas for all Board activtties Strategic planning, budgeting and management accounting Formal written policies Memorandums of Understanding wtth partner organisation5 Clear authorisation and appraisal levels Charltable Objectives The main objects of the trust remain those of the proclarnation and furtherance of the Christian gospel message. In detail, the objectives are classified as folbws: To advance the Christian fatth in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council frorn time to time may think fit- To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, good5 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 part5 of the Untted Kingdom or the world as the church council from time to time may think fit. www.1441ngIon.org.uk Pa9È 4 of 12 Afinual AccDUtFtin9 Stattrnent
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 Calander and Financial Year 2022 (January 1st- December 31st) 2022 continued as the former. to be a challenging year for everyone. and this brief report outlines the work of the church during this year. The focus of the church toward it5 members, was the continuing development of Discovery Bible Study 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 learning in a small group and the study style were under constant review during the year. MO normal church services and events were resumed during the year. Through the medium of a Facebook group, and our own members webswte provided opportunity for members to interatt and devek)p on-going friendships. Our Alpha Course outreach began in the main buildin& and again this proved successful with new people attending. The coffee morning outreach also continued, and, in light of the current cost of INing. and in particular energy costs, has been designated a -Warni Space" for anyone needing to use the facilities during this time. The Linking Lives befriending scheme. once more had new opportunities to devek)p in-person visiting with their clients. The churches generosity overseas has continued by regular support through World of Worth, in particular responding to the needs in Mozambique. The redevelopment work on the building continued through 2022. as income for the project was received. Now almost completed, phase l of this work was significantly advanced during another very challenging year. ww.bollinglon.cry.uk P898 5 of 12 Annual Acttjunting Statement
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Financial Review Principal Funding Source5 Total restrirted and unrestricted gifts and donations in the 12-month period to 31 December 2022 amounted to £103,881 12021-. £113,846). a decrease of 9%. Unrestricted income amounted to £86,691 12021: £86,757), reducing 0.1%. Restricted income reduced 36.5% to £17,19012021: £27,089) following a material year-on-year increase in the prior years as the congregation fatthfully gove towards the church building fund. Expenses of £110,91712021= £112,623) were incurred. a decrease of 2% of which £77,93612021.. £71,290) related to unrestricted expendtture and £32,981 12021= £41,332) to restricted expenditure, primarily related to the extension of the church building referenced earlier. In the period to 31 December 2022. net outgoing resources were £7,03612021.' incoming £1,223) of which the unrestricted surplus amounted to £8.75512021: surplus £15,467) and the restricted deficit amounted to £15,791 12021: deficit £14,2441- E15.562 12021- £2,914) was transferred from the Restrirted Fund in the year. As at 31 December 2022, the church had total cash funds available to it of £30.125 12021= £37,161) of which £28,484 12021: £35.2911 was classified as unrestrirted and £1,64112021: £.8701 as restricted. There were no outstanding loans or mortgages by the charity. Freehold land and property, relating to Hawthorn Road, Bollington, Macclesfield, Cheshire. SKIO 5JN is capitalised on the balance sheet ot £81.670. an opening balance of £54.233 and capital improvements of £27,437 in the year. A valuation was carried out in 2014 that valued land and buildings at £140,(XK). A further £2.260 is held in other fixed assets for which the current value is deemed to be £1.466. Investment Policy Aside from building and retaining a prudent amount in reserves each year. most of the Charivs funds are to be spent in the short term to meet the charities objertives. Where surplus funds are held over, these will be held on deposlt within the Charivs main banking facilities. If substantial fund5 are built up ahead of being deployed to outwork the Charitvs objectives, the trustees will consider low risk bank overnight depositary facilities. Reserves Policy The policy of the church is to keep, in reserve funds. the equNalent of three months avernge running costs. The church seeks to be prudent with its finances and is aware of the possibility of fluctuation5 in its income. It also wishes to have funds in reserve to take advantage of opportunitie5 that arise to expand the work or respond to emergency needs as they arise. For this reason, the Trustees deem tt wise to set aside funds equivalent to at least three months average running costs at this time. In order to ensure that funds are kept at this level the Trustees have agreed to set aside any surplus income and pay it into the business account on a regular basis until this level is reached. Details of this can be found in our financial statement. The level of our reseNes is monitored quarterly at the Trustees meeting. At the balance sheet date, the church holds. in unrestricted cash reseNes. the equrvalent of four12019: four) months total unrestricted operating expenditure. The board of tmstees have approved the report above. Signed: Full Name.. H Oliver P05ition= Secretary Date- www.bollinglDn.w.uk Page 6 of 12 Annu81 AcLX)vnting Slatwnwt
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 2022 prepared 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 thi5 year under section 144121 of the Charitie5 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 Act- to follow the procedures laid down in the general Dirertions gNen by the Charity Commission under section 14515llbl of the.2011 Art,. and to state whether particular rnatters have come to my attention. Basi5 of independent exarniner's report My examination wa5 carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with thosè records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any sud) matters. The procedure5 undèrtaken do not provide all the evidence that would be required in an udit and consequently no opinlon is given as to whethei the accounts present a 'true and fair view. and the report is limited to those matters set out in the staternent below. Independent examiner's Statement In connection with my examination. no matter has come to my attention.. lil which gives me reasonable cause to believe that in any material respert thè requirements.. to keep accountirig record5 in accordance with section 130 of the 2011 Act- and to prepare accounts which accord with the accounting records and comply wlth the accounting requirements of the 2011 Act have not been mèt- or 121 to which. in my opinion. attention should be drawn in order to enable a proper underslanding of the accounts to be reached.. In connection with my examination, no other matter. except that referred to in the abovè paragraphs. have come to my attention.. 111 Which &rives me reasonable cause to bdleve that in any material respect the requlrements lal to keep accounting records accordance with sertion 130 of the 2011 Act.. and Ibl to prepare accounts which accord with the accounting records and to compW with the accounti requirements of the 2011 Act have not been met- or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Grace Accounting Date.. Address= Grace Accountin& Ryton on Dunsmore. Warwickshlre wvNI.bollingknn.org.uk Page 7 of 12 Annual A(Uting SÈi8ment
Accounting Statement For the 12 month period to 31 December 2022 Bollin8ton Christian Life Church- Charity Number 1051801 Section A ithrestricted Funds Receipts Breakdown Using Own Anatysis 2022 2022 2021 2021 Glfts&Voluntsry Rèc•ipts Gifts Trthes & 0Er IncMe Tax Recthw on Gnl Aid Gifts in KiThJ & L&Jacie5 71,054 8.114 69,0 12.440 79,167 81.520 Re¢oiPts from Tradlng Activltle$ Subscription5 & Fees Cal& Income Recelpts earned from ass•ts Rents Oth•r Receipts Suwlry Intet Rent 5,038 7,524 5.237 TOTAL RECEIPTS 86.691 86,757 PayThnts Breakdown Using (hvn Analysis 2022 2022 2021 2021 Ministry & Mlsslon Paymonts Ministry Sthies & Exwses JnKr Church & Ewgdlsm Gifts and SpcnscKship tsnds rdeas Subs & DationS to UK Ministries Iiips l 0aS tknaucffts Contsibuticfjs to ACG FwMIs 57.eA)2 53,074 493 1.W20 1.528 3,187 2.070 65.397 60,352 Paym•ntsfor Admlni*atson, Property. Publicity and Management TeleFIe. Ststi¢wy. & Postage Rwrt. Rates. Light & Heat Athertising Exwses knsurarce Bank charges L8Jal & Accwntin9 Charges Plant & Equipment Cosls Mis¢$lIan)uS EXseS 776 2,081 272 2.764 353 140 3.153 3.IK)2 616 3,266 753 3.387 334 140 302 2,140 12.540 10,939 Other Paymènts IM)t couniry as Exdre} Purchase of fixed assets AdjustirrfJ iterns Mrytgage Prtncspal Repahy TOTAL PAYNENTS 77.936 71.290 Net Surplus I IDèfficlt) Transferfromlltol RestriGted Cath Funds last year end Cash Fundsthlsyear end 8,755 15.467 12.9141 22,739 35,291 35.291 28,484 wWW.ll1gtO.0r.Uk Page 8 of 12 AnnLgl Acown'g Statgnent
Accounting Statement For the 12 month period to 31 December 2022 Bollington Christ13n fe Church- Charity Number 1051801 Section B Restrict Ir£onE Funds Receipts Breakdown Uslng (n Anatysis 2022 2022 2021 2021 Glfts& Voluntary Receipts Gifts Trthes & ofvn.rys Income Tax Recow Grft Aid 187 1.733 6.550 674 16.032 Buildir4J Fund Income Vision Mozamknque SE(15hip 4,115 2.328 13.7 24.989 Recelpts Irom Tradlng Actlvltles LCP Rent 3,410 2.100 3,410 2,100 Roceipts oamed from asEets Bk interest Other Re1pts Other TOTAL RECEIPTS 17,1 27,089 Payments Breakdown Using Chvn Anatysis 2022 2022 2021 Mlnlsty & Mi$6ion Paymgnts Costs of Ministry SL4VXt LinkirvJ Grfis and SponsOh1P fvmds re&sl Subs & t)(wtions to UK Ministri&% Mission trips l (Xw5eas Donati( 1.241 1.7 1.243 3.037 1,7 Payments for Administrallon, Property. Publlcity and Manag•ment LCP Cc6ts stati & PrinlirrfJ Rwrt, Raies LYJht & Heat Prr4WLy RirS & maintenare EwiFxnent Repars & RereKdls Legal & Professional Costs Mis¢dl8n8ws ExdItUr8 2,645 145 2,7 Other Payments Inotcwrtwa5 ExpMurl Bln9 FLmd Exlitre 27,437 36,635 27,437 36,635 TOTAL PAyms 32,981 41,332 Not Surplus I (Defidt) Transfer Itovfrom &noral Cash Funds last year end Cash Fundsthls year •nd (15,791 15.562 1,870 1,641 114,2441 2,914 13,199 1,870 www.bollington.org.uk Pag8 9 of 12 Annual AUnn9 Slatenient
Accounting Statement For the 12 month period to 31 December 2022 Bollington Christian Life Church- Charity Number 1051801 StiOn C EndowTEnt FuThJs The Charlty does not have any Panent or Exdable Endowment Funds Section D Staterrth of Assets and Liabilities at Year End Cash Funds lthre#rfcted funds Re*rf¢tèd funds to Endowment fvnds to nearest £ nearest £ tts nèamst £ 28.235 Cash in Bank - C#)urch Cash in Bank - LinkiThJ Li Balare$ held in Dep)sit Accnt ILLI Cash in han Total Cash Funds 719 21 29) 28.4&5 1.641 Other Monets Assets UnreslrictÈd funds Rethcted fvnds to Endowment funds to nearest £ neare& £ to n•arest £ Income Tax Clam Due kn Repaym& Recokerable Grants other Debt(Ks & Prepayments Total Other Monetary Assèts 4,943 Investment Assets Fund to which it belongs Current Value Temi Deposits Other Inv88tm8nts Gwal Funds Total Investment Assets Assets Rotained for Cha own use Fund to whlch it belong Current Value Land arKI Buildings Plant and Equipment Fixtures and FittiThJs Computer Equipynent Plant and Equipmw CcmpLrter Equipment Total Retained Assets G FuThJ General FurKI Geral Fund General Fund Restt Funds Restrict Funds 81.670 1.466 1,466 Liabilities Fund towhith it Amount du• wlthln Balance duè 8r belongs one year {¢urr¢ntl one year (Lon9 Tarml Ur4)aid kncome Tax & N.1. due Unpaid Salarigs & Wages Suppliers ACcnIS Due Independent Examinets Acwnt Due Contingent Lia.111 other abilIt95 Furtt FuThJ FurKI G81 FuThJ Total Liabilities wWW.i1lTn9tO.org.uk Page 10 of 12 Annual Awunbng Stawmeftl
Notes to the Financial Statements Accountin8 Policies The principal accountlng policies are summarised below. The accounting policies have been applied consistently thfoughout the year. Basis of accounting Thè accounts have been prepared on a receipts and payments basis Fund attountlng Unrestricted fvnils are available for use at the discretion of the trustees in furtherance ol the general objective5 of the charitv. Designated funds are unrestrirted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure irnposed by the donor or through the terms of an appeal. ww.bdlington.org.uk P8ge11 of12 Amr#Jal A¢UnIng Sialement
Life CHURCH. Life Church Bollington www.tlIIngton.Org.uk