Life CHURCH. Life Church Bollington Annual Accounting Statement For the twelve months ending 31 December 2023 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 Notes to the Financial Statements Legal and Administrative Information Legal Charlty Name: Bollington Christlan Life Church Known as: Llfe Church- Bolllngton Other names the charity is known by: Bolllngton Linking Lives Charity Web Site: www. bollln8ton.or8.uk Registered charlty number: 1051801 For flnanclal year commenclng: For financial year ending on: ljanuary 2023 31 December 2023 Charlty's Princlpal Address: Hawthorn Road, Bollington, Macclesfield. Cheshire, SKIO SJN Trust bankers: TSB Bank Plc., Henry Duncan House. 120, George Street. Edinburgh EH12 4LH Independent Examlner. Grace Accountln& 14 Holly Drlve. Coventry, CV8 3QA w.-Nv tri¢lliiiaiOI", P8ge2 of 13 Ar.i)ual Accoun*ing SP8spmE
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church The Trustees present their annual report tO8ether wlth the financial statements for the twelve months ended 31 December 2023. The charlty carrles out its artivitles under the banner of Llfe Church- Bollin8ton. Reference and Administrative Information Governlng Document: The objectives, organisation, management and operatlons of Lffe Church Bollin8ton is governed by a deed of trust, the original of which is held at Kingdom Bank in Nottin8ham. Fellowshlp relatlonship: Llfe Church Bollln8ton remalns In relatlonshlp and fellowshlp wlth the churches fomilng Assemblles of God In Great 8rltaln and Ireland. whose offlce Is located at National Ministry Centre. Gf-F12, No 1-2 The Cottages, Deva Centre. Manchester, M3 78E. The prlnclpal address and other statutory Infomiatlon about the charity is Ilsted on the contents page. Holdlng Trustees: The management of the trust Is by a church councll whlch has the power, by slmple majorlty vote, to appoint holdlng trustees who stsnd possessed of all the property of the trust. Nam• Offlc• (If any) Datss acted, If not for whole y•ar Nam• of porson ontitlod to appolnt trustees Rev Stephen Thcrn (Chair) Mr Geofftgy Rlchard Astle Rev Hardd Ollver (Secrtary) HoldiNJ Tr Holdkng Tnmtee Holdlng Tfu¥le8 New Trustees are made aware of the work of the charlty ahead of jolning the board. Thls Includes belng fully brlefed about the vlslon and purpose of the charity and beln8 given Informatlon on the role of a trustee. No Trustees retlred or were appointed in the perlod. Accounts Preparatlon: The accounts are prepared on a Recelpts and Payments 8asEs ool'.i.".glori.tsirg.uk. Page 3of 3 Annual AccOuntp,9 SlaleT.eiit
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Risk Management Where appropriate, systems or ProdureS have been estsbllshed to mltigate the risks the charity faces. Internal control risks are mlnimised by the implementstion of prOdureS for authorisation of all transactions and projects. Due to the current size of the charity. the trustees leve the rtsks to the charity to be small. Controls used by the charity include: Formal agendas for all Board attivltles Strateglc plannln& budgetin8 and management accounting Formal written pollcles Memorandums of Understandln8 wlth partner or8anlsatlon5 Clear authorlsatlon and appralsal levels Charitable Objectives The maln objects of the trust remaln those of the proclamatlon and fvrtherance of the Chrlstlan gospel message. In detail, the objectives are classlfied as follows: To advance the Chrlstlan falth In accordance wrth the statement in such ways and In such parts of the Unlted Klngdom or the world as the church councll from tlme to tlme may thlnk fft; To relleve slckness and flnanclal hardshlp and to promote and preserve good health by the provlslon of funds, goods or servkes of ary kind induding the provlsion of counselllng and support in such parts of the Unlted Kln8dom or the world as the church council from tlme to rne thlnk flt; To advance education in such ways and In such parts of the Unlted Klngdom or the world as the church council from time to time may think frt. www boi!IDg,'ori rg P3ge4of l) Anp.ual AccouiitlHg Slalpfnèiil
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 2023 (January 1st- December 31st) The year of 2023 was another year of cont&nuing to build a "Churth Farnlv wfth the members of Lrfe Church Bollington. The coffee mornin& and varlous evenlng courses we ran, usually proceeded wlth food, helped to bring stronger sense of togetherness. The work of Linklng Lfves In the communlty also helped connect people together. In partlcular, 2023 saw the start of a team that met each Monday evenlng and from thls a future projert for 2024 was birthed to visit every IK*usehold in our communlty to engage with the famlly and see what we could do to encourage them. As well as these new Inltiative4 our weekly church meetln8s contlnued to draw people together for worship, teachln8 and communlty, a8aln some of these events were followed by food. a great way to deepen church famlly relatlonshlps. Once agaln the people of the church generou51y 5UPPOrted our partner mlsslon organlsatlon World of Worth wlth regular donations from the coffee mornin& the church itself and also personal 8ivin8 from members of the church. The bulldlng work itself slowed a Ilttle In 2023, as the project of redevelopment drew to a completlon. The flnanclal outlay has now reduced and mostly small maintenance and finishlng works have been carried OLrt. The year of 2024 is bein8 approached wlth enthusiasm from the church as they look forward to really growlng the members through the door to door mlsslon and a new Heallng and Prayer mlnistry. Llfe church could not exlst without the commltment and hard work of the volunteers that falthfully make thlngs happen. These volunteers span very practlcal help. through hospitsllty, accounts, medla and sound, hostln& vlsltln& cleanlng and work partles. Much credlt and pralse should be given for another year of incredlble effort and ener8y from all who contrlbute both seen and unseenl wv fjolliiigiol! 0:-9-LS Anr¥ual ACUting £¥d!err.e.'Ii
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Financial Review Prlncipal Funding Sources Total restrlcted and unrestricted glfts and donatlons in the 12-month perlod to 31 December 2023 amounted to £102,003 (2022: £103,881), a decrease of 1.8%. Unrestricted income amounted to £70,771 (2022: £86,691), reducing 18.4%. Restricted income increased 81.7% to £31.23112022: £17,190). Total expenses of £106,747 (2022.. £110,917) were Incurred. a decrease of 3.8% of whlch £79,355 (2022: £77,936) related to unrestricted expenditure and £27.392 (2022: £32.981} to restricted expenditure, related to the extension of the church bulldin& missions sponsorship and trips and LCP costs. In the period to 31 December 2023, net outgolng resources were £4,744 (2022: outgoing £7,036) of whlch the unrestricted deficlt amounted to £8,583 {2022: surplus £8,755) and the restrlcted surplus amounted to £3,389 (2022: deficlt £15,791). £1.346 (2022: £15,562) was transferred to the Restricted Fund in the year, from general funds. As at 31 December 2023, the church had total cash funds available to it of £25,381 {2022: £30.125) of whith £18,55512022.. £28.484> was classified as unrestricted and £6,82612022.. £1,641> as restrkted. There were no outstandin8 loans or mort8age5 by the chartty. Freehold land and property, relatlng to Hawthorn Road, Bollln8ton, Macclesfield, Cheshlre, SKIO 5JN Is capitallsed on the balance sheet at £81,670, an opening balance of £54,233 and capltal improvements of £27,437 In the year. A valuatlon was carried out in 2014 that valued land and bulldings at £140,CW. A further £2,260 is held In other flxed assets for whlch the current value is deemed to be £1.466. Investment Pollcy Aslde from bulldlng and retainlng a prudent amount In reserves each year, most of the Charft(s funds are to be spent In the short term to meet the charltles objectlves. Where surplus funds are held over, these wlll be held on deposlt wlthln the Charws main bankln8 facllities. If substantlal funds are bullt up ahead of belng deployed to outwork the Charws objectives, the trustees wlll consider low rlsk bank overnlght depositsry facilltles. Reserves Policy The pollcy of the church Is to keep, In reserve funds, the equlvalent of three months average runnlng costs. The church seeks to be prudent wlth its flnances and Is aware of the possiblllty of fluctuations In its income. It also wlshes to have funds in reserve to take advants8e of opportunltles that arise to expand the work or respond to emergency needs as they arfse. For thls reason, the Trustees deem it wlse to set aside fvnds equlvalent to at least three months average running costs at this time. In order to ensure that funds are kept at thls level the Trustees have agreed to set aside any surplus income and pay It Into the business account on a regular basls until thls level Is reached. Detalls of thls can be found in our financlal statement. The level of our reseryes is monltored quarterly at the Trustees meetin8. At the balarKe sheet date, the churtfv holds, Sft unrestricted cash reserves, the equlvaleftt of three {2022: four) months total unrestricted operatln8 expenditure. The board of trustees have approved the report above. Slgned: Full Name: H Oliver Position". Secretary Date: bJllillOtoi-, Org uk agè6oT Ap.Dual Aci.QUnt..ng Slapeineiil
Independent Examiners Report on the Annual Accounts Report to the trustees of Bollington Christian Life Church Reglstered Charity number. 1052316 For accounts coverlng tWe&Month perlod ended: 31 Defflber 2023 prepared on a Receipts and Payments basls. Respective responsibilities of trustees and Independent Examiner The charlty's trustees conslder that an audit is not required for thls year under section 14412) of the Charities Art 2011 (the 2011 Act) and that an independent examination Is needed. It is rny responsiblllty to: examlne the accounts under sertlon 145 of the 2011 Att. tofollow the procedures laid down in the general Dlrertlons giveft by the Charlty Commi10n under section 145(5}{b) of the 2011 Art,. and to state whether partlcular matters have come to my attentlon. Basis of Independent examiner's report My examlnation was carrfed out In accordance wfth the general Dlrectlons glven by the tharity Commlsslon. An examlnatlon Includes a revlew of the accountlng records kept by the charlty and a comparison of the accounts presented with those record& It also includes consideration of any unusual Items or disclosures In the accounts and seeking explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provlde all the evldence that would be required In an audlt and consequently r¥0 oplnlon Is 8iven as to whether the accounts present a Irue and falr vlew, and the report Is Ilmlted to those matters set out In the statement below. Independent examlner's statement In connertlon wSth my examlnatlon, no matter has come to my attention: (1> whlch 8lves me reasonable cause to belleve that In any materlal resPÈCt the requlrements.. to keep accounting records in accordance wlth settlon 130 of the 2011 Art. and to prepare accourrts whlch accord wlth the accountln8 records and comply wlth the accounting requlrements of the 2011 Att have not been met; or {2) to whlch. In my oplnlon, attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached.. In connectlon wlth my examlnatlon, no other matter, eXpt that referred to In the above paragraphs. have come to mv attentlon: 111 Whlch glves me reasonable cause to belleve that In any materlal respect the requlrements (a) to keep accountln8 records In acc(Ydance wlth section 130 of the 2011 Art. and (b) to prepare accounts whlch accord vAth the accountlng records and to comply wlth the accountln8 requlrement$ of the 2011 Act have not been met; or 2) to which, In my oplnlon, atterbtlon should be drawn In order to enable a proper understsrbdln8 of the accounts to be reached. Name: Grace Accountlng Date: Address: Grace Accountln& Ryton on InsmOre. Warwickshlre o¢-Ilil?giotr, tsrg Pa9e 7 OF ?- Ap.tiuai.4=. -OUD 4ing S!atem¢p.I
Accounting Statement For the 12 month period to 31 December 2023 Bollin8ton Christian Llfe Church- Charlty Number 1051801 Section A Unrestricted Funds Recglpts Breakdown Uslng Own Anatyslj 2022 Glf• & Voluntsry R•c•lpts 49.914 13,2K2 0 63,X 71,054 8.114 Tax R8C Gift Aid Glts in lfjrnl & LvJ8¢188 79.168 R•¢•lpts from Tv•dlng OvM•• Sth¢nl(rn & Fe88 6,988 8,988 c•lptr •affl•tt f(om a•••i¥ Oth•r R•IPts 1Crf) 1C 70,m 86,891 Breakdown U•lng Own Anaty81• 2022 Mlnly & IAl••lon P•ym•nt• Mlnlsty Sal¥l•o & Exw8J crKffch & EwYJell$m 57,802 354 S & ttrnti(Th to UK MIthtri88 Missi triF4 l fkThti 1,920 3,480 2,040 85,397 2.040 65,831 P•ym•nt• for Admlnlknoon, Prop•rty. Publldty and Ilan•g•m•nt 776 2,081 272 2.764 353 140 3.153 3,C¢J2 3,812 Bank charges 425 Plwrt & Cc•ts 1305 13.514 12,540 Oth•r Paym•nl• a& Pw¢lw8 offjxfAI 888ets AdjLL8tirvJ itwns Mthtg•Je Princiwl P4)ad (20) TOTAL PAYMENTS 77,936 Not Surp1 l (DellcTP Tran8ferfroml(to) PMtrld•d A•lB Caah Fund8 8t yoar •Hd Calh Fundo th1• yoar •nd 8,755 115,562) 35,291 {1,346) 18,556 holling;Oli o'.g uk Anpiial AOnIng S.:¢ltement
Accounting Statement For the 12 month period to 31 December 2023 Bollln8ton Christian Life Church- Charlty Number 1051801 Section B Re8trictsd Income Funds Racelpts Breakdown Uslng (Xvn Anatysls 2022 01ts & ¥olunt&ry R•e•lpl• 8.747 187 6,550 4.115 2,328 13.780 v181 Moz•ntsy Spmfnhlp 8.41x1 24, R•Ipts from Trndlng A¢dvHI•• LCP Part & S 8.415 6,415 3,410 3,410 R•c•lpts •arn•d from Bth( Intt Oth•r PAc•lp TOTAL A£pT8 31,231 17,190 Payments Brnakdown Uslng (n Analy•lB 2022 IAlnly & Ml•don Paym•nl• Ccéts of Minlbty Slw U1rj Ll 1,241 1,796 Subs & Donatim to UK Minl8trie8 Mi88i(m tri l (hw8888 5,546 12,n7 3,037 Paym•nts for Admlnl•trallon. Prop•rty, Publl¢lty and M•n•g•m•nt LCP Ca8ts Ewrwiwn Rq)air8 & Rm Legal & Prokn8i(ThI Costs Mlscellwu5 EXlture other P•ym•nla •• 8,920 8,920 27,437 27,437 TOTAL PAYMvif3 32,981 Net Surplus l (Dofl¢1 Tr4rnhr (toyfrtyn (n8ral FundB Cath Fund¥ l••t y•ar •NI Cath Fund• thl•yo4r •NI (15.791) 15,562 1,870 1,641 1,641 LI-1[. bolli.".glon.Jro uk P#oeQof 13 AthDual Acc.our,Ii,Ig Statemeiil
Accounting Statement For the 12 month period to 31 December 2023 BollinBton Christian Life Church - Charity Number 1051801 sfvHy4.bollinglor, Pag Ing Stal
Accounting Statement For the 12 month period to 31 December 2023 Bollin8ton Christian Lffe Church - Charlty Number 1051801 Section C - Endowment Funds Sectlon D - Statement of Assets and Liabilities at Year End Ca•h FurKIs Lknrn•trlctod fund• R•¥Jl¢t•d lund• to Endowm•nt fund• n•ar••t £ n•arn•t £ to n•ar••i£ 18.4S) 5.877 1¥2 758 Cash In Bank - Church Cash in Bank - LinkiNJ U Balanc88 held In Deposit Accwnt (LL) Cash in hand Total Cash Funds 18,555 Oth•r Mon•tary Amets Income Tax Clalm Due Ryymwrt Recowable Grants Other Debtors & Prnptymonts Lknr•thct•d fund• R•lct•d fund• to Endowm•nt fund• IAI noarort£ n•arn4rt £ ID ne•rn•t £ Total othor Mon•tary A••ots Inv•strn•nt A••ots Fund lo whl¢h It llong• Curmnt Vlu• Temi Deposft8 Gwal Furn Total Inv•8tm?nt A88•t8 A••ets RotaIn for Charlty's own u Fund ID whlch ft b•long• G)&al FuThl Curr•nt V•lu• LarKI and Bulld6 Plarrt and Equlpment Flxtures •x Flto CPuter Equlpma Plant ond Equlpmert Ccffiprter Equlpment Total Retalnod A88•ts .591 Genw31 Furnl Restrfcl Fund8 R88trfcted Fun 91861 Amount duo wlthln Balanc• du• ll•r ong year on• yaar Curr•nti ILong T•rm) Llabllltl•8 Fund kn whlch It belong• Unpald Incfflie Tax & N.1. I Unpaid Salarfes & Wages Suppliern Accotxrts Due dependent ExamlneTr Acc¢x¥* t ContiThJ8nt LlItIeS other Liabilities Grnal F1 Gwh¥al Fur#J Genwal Furnl 155 Total Liabilili08 -aleryi&llt
Notes to the Financial Statements Accountlns polkles The principal accountlng poltcies are summarised below. The accountlng pollcles have been applled conslstently throughout the year. Ba4$ of accountlnz The accounts have been prepared on a recdpts and payments ba51s Fund a¢u11n1 UnrestrlLted funds are avallable for use at the discretlon of the trustees In furtherance of the general objettlves of the charlty. Deslgnated funds are unrestrfcted funds eamwrked ty the trustees for partlcular purposes. Restrlcted funds are subjected to restrlrtlons on thelr expendfture Imposed by the donor or through the terms of an appeal. '.3ion org uk Paop J201 13 Aniiual Ac¢c.IAn,Ino Stale4T'ienl
Life CHURCH. Life Church Bollington www.bollin8ton.org.uk