Life CHURCH. Life Church Bollington Annual Accounting Statement For the twelve months ending 31 December 2024 Re8istered 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: Bollin8ton Linking Lives Charity Web Site: www. bollin8ton.org.uk Registered charity number: 1051801 For financial year commencing: For financial year ending on: ljanuary 2024 31 December 2024 Charity's Principal Address: Hawthorn 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 Holly Drive, Coventry, CV8 3QA vMw.bollington.org uk Page2 of12 Annual Accounting Statement
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 2024. 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 is governed by a deed of trust, the original of which is held at Kingdom Bank in Nottingham. Fellowshlp relationshlp: Life Church Bollington remains in relationship and fellowship with the churches 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 principal address and other statutory information 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 holdin8 trustees who stand possessed of all the property of the trust. Name Office (If any) Dates acted, If not for whole year Name of person entitled to appoint trustees Rev Stephen Thomas (Chair) Geoffrey Richard Astle Alison Darby Rev Harold Oliver (Secr8tary) Holding Trustee Holding Trustee Holding Trustee Holding 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 information 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 Page3 of 12 Annual Acwunting Ststernent
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 charity to be small. Controls used by the charity include: Formal agendas for all Board activities Strategic planning, budgeting and management accounting Formal written policies Memorandums of Understanding with partner organisations Clear authorisation and appraisal levels Charitable Objectives The maln objects of the trust remaln those of the proclamation and furtherance of the Christian gospel message. In detail, the objectlves 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 sickness 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. www.bollinglon.org.uk Page4oT 12 Annual Account"ng Statement
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 2024 (January 1st- December 31st) Meetlng and gatherings The church family Icommunlty) continued to focus on reaching out to Bollington and the surrounding area with the Gospel. Once again hosting the Alpha course and a program to knock on every door in Bollington was embarked upon. This pro8ram was started and carried over into 2025. Our services continued along the schedule we've been using for several years with the first Sunday of the month being dedicated to sharing and celebrating the "Lords Supperf, and worship. The second and fourth Sundays aimed at teaching and the third Sunday focused on sharing the Good News via personal testimony and in particular interviewing individuals on their personal journey to faith in Jesus. A new event was added to the monthly calendar this year with a monthly gathering for worship and prayer. Church Health Survey Durln8 the year a Natural Church Development survey was carried out usin8 over 30 people as survey participants of the survey. The results of the sur¥ey showed that our current strength was in Needs oriented evangelism and our current weakest are was holistic small groups. As a result of this surrfey new small groups were establlshed to help 8row the churches health in this area. Communlty Actlon Our coffee mornln8 continued every Monday during the year, and was as popular as ever attracting many people from the community and a fantastic atmosphere of tO8etherness and support was developed. The sale table and raffle generated income for our support of World of Worth lour overseas missions partner). Connect-2, our befriending scheme continued to reach those trapped in isolation and loneliness, as the committed team of volunteers connected with 6 people with a team of 5 volunteers. Overseas Mission5 Support As mentioned already the coffee morning continued to 8enerate funds for world of worth, and Life Church was able to visit projects in Mozambique, where a project drilled a bore hole for water. Funds were also sent to Lebanon in support of the people in Bierut after the damage and aftermath of the war in the Middle East. Funds were raised for a local Church in Kenya to develop a day nursery which generated income for the school also based in the church. This really helped the sustainability of this project. www.bollington.org.uk Page5ot12 Annual Accounling Statement
Trustees, Annual Report Report to the trustees of Bollington Christian Life Church Financial Review Principal Funding Sources Total restricted and unrestricted gifts and donations in the 12-month period to 31 December 2024 amounted to £85,804 (2023: £102,(K131, a decrease of 15.9%. Unrestricted income amounted to £64,995 (2023: £70,771), reducing 8.2%. Restricted income decreased 33% to £20,809 {2023: £31,231}. Total expenses of £98,56412023: £106,747) were incurred, a decrease of 7.7% of which £76,999 (2023: £79,355) related to unrestricted expenditure and £21,565 (2023: £27,392} to restricted expenditure, related to the extension of the church buildin& missions sponsorship and trips and LCP costs. In the period to 31 December 2024, net outgoing resources were £12,760 (2023: outgoing £4,744) of which the unrestricted deficit amounted to £12,00412023: deficit £8,583) and the restricted deficit amounted to £756 12023: surplus £3,389}. £912 {2023: £1,346) was transferred to the Restricted Fund in the year, from general funds. As at 31 December 2024, the church had total cash funds available to it of £12,622 (2023: £25,381) of which £5,63912023: £18,555) was classified as unrestricted and £6,983 (2023: £6,826} as restricted. There were no outstanding loans or mortgages by the charity. Freehold land and property, relating to Havrthorn Road, Bollington, Macclesfield, Cheshire, SKIO 5JN is capitalised on the balance sheet at £81,670. A valuation was carried out in 2014 that valued land and buildin85 at £140,000. 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 charities objectives. Where surplus funds are held over, these will be held on deposit within the Charity's main banking facilities. If substantial funds are built up ahead of being deployed to outwork the Charity's 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 equivalent of three months average running costs. The church seeks to be prudent with its finances and is aware of the possibility of fluctuations 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 Trustee5 deem it 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 reserves is monitored quarterly at the Trustees meeting. At the balance sheet date, the church holds, in unrestricted cash reserves, the equivalent of 0.9x {2023: 2.8x) months total unrestricted operating expenditure. The charity also had unclaimed Gift Aid of £7,757 at the end of year which was subsequently claimed and banked in May 2025. The board of trustees have approved the Signed: Full Name: Position: Secretary Date: VwWW.bollingtoTr.org.uk Page 6of 12 Annual Accounting Staternent
Independent Examiners Report on the Annual Accounts Report to the trustee5 of Bollington Christian Life Church Registered Charity number: 1052316 For accounts covering twelve-month period ended: 31 December 2024 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 this year under section 144121 of the Charities Act 2011 (the 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 Directions given by the Charity Commission under section 145151{bl of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination wa5 carried out in accordance with the general Dirertions 8iven by the Charity Commission. An examlnation includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given 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 matter has come to my attention: {11 which gives me reasonable cause to belleve that in any material respect the requirements: to keep accountin8 records in accordance with section 130 of the 2011 Act- and to prepare accounts which accord wlth the accountlng records and comply with the accounting requirements of the 2011 Act have not been met; or {21 to whlch, in my opinion, attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached. In connection with my examination, no other matter, expt that referred to in the above para8raphs, have come to mv attention.. 111 Which gives me reasonable cause to believe that in any material respect the requirement5 lal to keep accounting records in accordance with section 130 of the 2011 Act: and Ibl to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Grace Accountin8 Date.. Address.. Grace AccountinL Ryton on Dunsmore, Warwickshire Graee Aeeountlng w¥.balllngt0n.org.uk Page 7 0112 Annual Accountr'ng Staiemeni
Accounting Statement For the 12 month period to 31 December 2024 Bollington Christian Life Church - Charity Number 1051801 Section A Unrestricted Funds Receipts Breakdown Uslng (1n Analysis 2024 2023 Gifts & Voluntary Receipts Gifts Trth8s & Offerings Income Tax Recovery on Gift Aid Gifts in & Legaci8S 51.215 4.989 49,914 13,292 56.204 63,206 Recelpts from Tradlng Actlvltk8 Subscriplj'ons & Fees Rents Received Cafe Income 8,675 7,465 8,675 7,465 Recelpts earned from a$ts Other Recelpts Sundry Income Interest Receiv4 116 100 116 100 TOTAL RECEIPTS 99S 70,771 Payments Breakdown Uslng (h•n Analysls 2024 2023 Mlnlstry & Ml88lon Paymen18 Mlnlstry Sal8rles & E>penses Junior Chw¢h & Evangelism Gtfts and Sponsorship funds released Subs & DationS to UK MinistrFes Missh)n trips l Overseas Donations Contributions to AOG FurKJs 58,353 317 58,863 455 1,549 3,300 2,040 65,559 843 3,660 2.040 65,861 Paymonts for Admlnl8tratlon, Property. Publlclty and Managemont Telephone, Stationery, & Postage Rent, Rate5, Lht & Heat Advertising Property Expenses and Insurance Bank charges Legal & AccountirKJ Charges Hant & Equipmènt Costs misce11anuS Expenses 760 2,567 243 3.438 347 526 897 4,863 182 3,612 442 425 789 2,305 2.235 10,722 13,514 Other Payments (Nbt ¢ounb'w 88 Purchase of ffixed assets Adjusting items Mortgage Principal Repaid 718 {20) 718 (20) TOTAL PAYMENTS 76,999 79,355 Net Surplus l (Dgficlt) Transfer froml{tol Restrldod Funds Cash Fund$ last yoar and Cash Funds this year end (12,W4) (912) 18.555 18,583) (1,346) 28.484 5,639 18.555 wwJw.btsllinglon.org.uk Page 8of 12 AnnLsal Accouniing Slat&ment
Accounting Statement For the 12 month period to 31 December 2024 Bollington Christian Life Church Charity Number 1051801 Section B Restricted Income Funds Receipts Breakdown Using (n Analysis 2024 2023 Glfts & Voluntary Recelpts Gifts Tithes & Offerings IrKome Tax Recovery on Gift Linking Lives Inc(#n8 BuildiTr3 Fund Income vlon Mozambique Sponsorship 12,369 8.747 358 1,820 2,635 820 6.600 8,400 17,182 24,567 RoGeipts from Tradlng Actlvltbes LCP Rent Received & Sales 3,627 3,627 6,415 6,415 Recelpts aarnèd from assets Bank interest Other Recolpts Grants Recgived 250 250 TOTAL RECEIPTS 20,809 31,231 Payments Breakdown Uslng (kn Analysls 2024 2023 Mlnlstry & Ml88ion Payments Costs of Ministry Support Linking Lives Gifts and Sponsorship funds released Subs & Donations to UK Ministries MiSsn trips l Overseas thnations 1.257 13.771 593 1,393 5.797 1,200 16,822 5.546 12,737 Payments for Admlnlstratlon. Property, Publl¢lty and Managoment LCP Costs EvarKJelism Rent, Rates Ligm & Heat Property Repairs & Maintenance Equipment Repalrs & Renewals Legal & Professional Costs Mlscellaneous Ey4)erKlibJre 3,835 5.085 400 250 3,835 5,735 Othor Payments lTr)t courtlffj as Ey4ernlitwel Building Fund Ewenditure 9)8 908 8,920 8.920 TOTAL PAYMENTS 21,565 27.392 Not Surplus l (D•ficit) Tran•lpr (toyfrorn Gon41 Cash Funds last year end Cash Funds thls year and {756) 912 3,839 6.826 6.983 1.641 6.826 wwfv.bollington.org.uk Page9of 12 Annual Accounlino Statement
Accounting Statement For the 12 month period to 31 December 2024 Bollington Christian Life Church Charity Number 1051801 Section C - Endowment Funds The Charity does not have anyPernJanent or Exdable Endowment Funds Section D - Statemant of Assets and Liabilities at Year End Cash Funds UnrgJlcted funds Rearfctsd fvnds to Endowment funds to npare¥t £ neare£ to nearest £ 6.114 Cash In Bank- Clyrth Cash in Bank- LinkiNJ Liws Balances held In D8p)5il Account {LL) Cash in harn Total Cash Funds 158 4639 982 Othar Monetary Assets Income Tax Clalm tkje kn Repayment RecoNer8tde Grants Other Debtors & Prepayments Unrerlcted funds Relctod funds to Endowmènt funds to noar•l £ n•ar•£ to n•are£ 6,512 1.245 Total Other Monetary Assets 6,512 Investmont A88ets Fund to whlch It long¥ Cuir•nt Valuo Tern DePlts Other Inwslmants Gerrnl FUNJS Total Investment Assets Assets RetaIn for Charity's own u80 Fund to whlch it bolongs Cutront V•lu• Land and Bulldlros Plant and Equlpment Flxlures atyl FittirKJs Computer Equipmènt Plant and Equlpment Computer Equipment ToLql Retalned Assèts General Fu Geal FuTrJ G8n8ral FuTrJ Ge?1 Fund Restrict FU1$ Restr1Gla FuThls .591 ,590.85 92.851 92,057 Fund to whlch It belongs Amounl due wlthln one year Curr•ntl Balanco du• after one year ILong T•rml Llabilitles Unpid Income Tax & N.1. due Unpaid Salaries & Wages Suppliers Accounts Due Ilependent Exomiws Accourrt ContirYJent Llabilitles Other Llabllitios Gerwal Fund Geal Fund Gewal Fund General Fund General Fund Ger01 Furnl Total Liabllities WW.hO1Ilng[on.o[g.uk Page10of12 Annual Accounb"ng Statement
Notes to the Financial Statements Accounting Policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. Basls of accounting The accounts have been prepared on a receipts and payments basis Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objective5 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 through the terms of an appeal. ww.boIjInglon.0rg.Uk Page ',1 of 12 Annual Accounb"ng gialement
Life CHURCH. Life Church Bollington www.bollington.org.uk