2022-12-31-accounts - City Life Church - Sunderland

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CITY LIFE CHURCH - SUNDERLAND

ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022

Charity Number 1052114

CITY LIFE CHURCH � SUNDERLAND

Trustees Annual Report

For year ended 31 December 2022

The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 December 2022.

The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Our purposes and activities

The objects of the church are for the benefit of the public:

a) 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;
b) 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 through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time may think fit; and
c) 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.

Review of the last year

The church has recovered well from the 2020/21 Covid-19 Pandemic as reflected in our current Sunday morning attendance which seems to average out at around 180 including approximately 35 children. Our mid-week meetings such as Connect Groups, Team Nights and Leadership Development are going well showing good promise for the future. There is also an average on-line attendance each week of 100 views per message. The on-line studio has been put on hold for the moment primarily due to a potential shortage of space. Several Connect Groups meet on a monthly basis and everyone who attends church on a Sunday is encouraged to be involved in one of these. There is a monthly prayer meeting taking place with approximately 30 in attendance. These groups build strong healthy relationships through which Christian discipleship can also take place. Leadership development is always on-going with consistent monthly input into our leadership community by releasing teaching content on our You Tube channel followed up with a coaching group via Zoom. In September 2022, Julian & Kerina Clark with many years of church leadership experience between them joined City Life Church to work closely with our leadership team.

Achievements and performance

Sunday & mid-week Church gatherings

On moving into 2023, the great highlight was of course to see the physical gatherings coming back to their former strength with an average Sunday attendance of 145 adults and 25 children. We continue to see a good number of first-time guests during our Sunday services which indicates that our invite culture is good. Several new people have joined the church in the past few months. The number of volunteers who serve on one of our Sunday teams: host team; worship team; production team; and kids church team for 2022 was approximately 109 in total over any given month.

CITY LIFE CHURCH � SUNDERLAND

Trustees Annual Report

For year ended 31 December 2022

2. Foodbank

Each week we run a foodbank on a Wednesday from 1pm to 3pm and then on a Friday from 10am to 12 noon using a team of around 12 volunteers. In 2022, we can report that 761 clients (In 2021: 372) have visited our foodbank representing 1,559 people (In 2021: 723). The total number of meals provided was 14,031 (In 2021: 6,507). Throughout 2022, we have seen a big increase in foodbank usage.

3. Toddler Groups

We currently run a Toddler Group on a Wednesday from 10.30am to 12 noon with an average attendance of 18 children (pre-school) and then on a Friday from 9.30am to 11am with an average attendance of 8 children (pre-school). We are very grateful to all the volunteers that make this possible.

4. Love Christmas

Each Christmas we raise funds within our church congregation to support families in need around the city. We partner with local primary schools using their knowledge and awareness of those families who are in need. As a church community we raised sufficient finance to give away 206 hampers (In 2021:150 hampers) with a monetary value of over £5,000. The value of each hamper was approximately £25. The total number of volunteers engaged in this project was around 40 to purchase the food items, make up the hampers, and then to deliver them to a few of the local primary schools in the Sunderland area.

Financial review

City Life Church � Sunderland is funded by donations and a small amount of fees for charitable services. The total income for the year was £145,145 (2021: £125,303) being an increase of 16 per cent. This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice (SORP)

The Statement of Financial Activities for the year ended 31 December 2022, shows a surplus across all funds of £25,143 (2021: £19,413).

The Balance Sheet at 31 December 2022 shows total funds carried forward of £730,448 (2021: £705,306) of which there are £9,986 restricted funds (2021: £54,122).

Looking at the next 12 months, financially there is a fair degree of optimism that cash reserves will remain at a very acceptable level.

Reserves policy

City Life Church � Sunderland has maintained a level of free reserves (unrestricted funds not invested in tangible fixed assets or creditors falling due after more than one year) currently £49,432 (2021: £8,841) to meet the working capital requirements of the charity in the event of a significant drop in funding. It has established a policy whereby the free reserves held by the charity should be between 3 and 6 months of annual expenditure. At 31 December 2022 the level of free reserves represents 5 months of running costs, the Trustees will monitor this level of reserves over the coming year.

CITY LIFE CHURCH � SUNDERLAND

Trustees Annual Report

For year ended 31 December 2022

Preparation of the accounts on a going concern basis

The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts

Public Benefit Statement

The Trustees have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report aims to demonstrate the link between our charitable activity and how this benefits our service users.

Plans for future periods

To ensure the church continue to grow in its ability to effectively outwork its mission various projects are planned for 2023 to achieve this aim. For example:

To build a healthy leadership team able to facilitate all the aspects of a growing church. To resource and develop the youth & young adult demographic of the church. To raise capital for some needed building development at a cost of around £100,000 to be started hopefully around August 2024.
To explore ways we can serve our local community more through our community hub. To run outreach events for our church members to invite their unchurch friends. To expand our midweek discipleship by creating more small groups. To make staff adjustments to better reflect this year�s priorities and opportunities.

Reference and administrative details

Charity number 1052114

Operational address 170 Hylton Road, Sunderland Tyne & Wear, SR4 7YA

Our advisors

Solicitors Geldards 21-22 Burns Street, Ilkeston Derbyshire DE7 8AA Independent Jim Dodds Examiner 33 The Glebe Stannington NE61 6HW

CITY LIFE CHURCH � SUNDERLAND

Trustees Annual Report

For year ended 31 December 2022

Bankers HSBC Bank PLC Virgin Money, Jubilee House Unit 49-51 The Bridges Gosforth Shopping Centre Newcastle upon Tyne Market Square NE3 4PL Sunderland, SR1 3LE The Charity Bank Ltd Kingdom Bank Ltd 194 High Street Ruddington Fields Country Park Tonbridge Mere Way, Ruddington Kent, TN9 1BE Nottingham, NG11 6JS

Trustees and key management personnel

The trustees and officers serving during the year and since the year end were as follows:

Trustees Mr Jonathan Clarke Chair Mr Ben Dowding Mr Kevin Clarke Mr Lewis Collins Mr Simon Hilton

Key management personnel

Senior Minister Mr Jonathan Clarke

Structure, governance and management

Governing documents

Constitution and trust deed adopted 10 August 1993, as amended on 17 February 1997 and 11[th] September 2002.

Appointment of Trustees

The Church is managed by the Church Council, which compromise the Minister and duly appointed or elected leaders of the Church. Trustees are nominated by the Senior Minister and appointed by the Church Council from time to time. The Church Council appoints Holding Trustees for the purpose of holding the land and buildings of the Church who act on the directions of the Church Council.

Organisation

The Trustees meet at least four times in each year and deal with the administration of the charity encompassing the strategic vision, financial accountability, risk management, and any other administrative business of the Church. The operational management of the organisation is undertaken by the paid staff team and other Trustees and volunteers.

CITY LIFE CHURCH � SUNDERLAND

Trustees Annual Report

For year ended 31 December 2022

Risk management

The Trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks including the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charity. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Statement of Trustee Responsibilities

The charity Trustees are responsible for preparing a Trustees� annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Charity Trustees are required to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources. In preparing financial statements, the Trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 14 February 2023 and signed on their behalf by/:

Mr Jonathan Clarke (Chair)

CITY LIFE CHURCH - SUNDERLAND

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 December 2022

I report on the financial statements of City Life Church - Sunderland for the year ended 31 December 2022, which are set out on pages 7 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and

to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with 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 those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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 material matters have come to my attention which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or

the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than if the requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.

I 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.

Jim Dodds 33 The Glebe NE61 6HW Date: 27 February 2023

CITY LIFE CHURCH - SUNDERLAND

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2022

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and legacies 6 112,821 14,461 127,282 117,256
Other trading activities 7 17,811 - 17,811 8,025
Investments 8 52 - 52 22
Total income 130,684 14,461 145,145 125,303
Expenditure on:
Raising funds 9 146 6,187 6,334 2,447
Charitable activities
Operation of the charity 10 101,259 12,409 113,668 103,443
Total expenditure 101,405 18,597 120,002 105,890
Net income/(expenditure) 29,279 ( 4,136 ) 25,143 19,413
Transfers between funds 40,000 ( 40,000 ) - -
Net income/(expenditure) and net
69,279 ( 44,136 ) 25,143 19,413
movement of funds
Reconciliation of funds
Total funds brought forward 651,183 54,122 705,305 685,893
Total funds carried forward 720,462 9,986 730,448 705,306
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 9 to 17 form an integral part of these accounts.

Charity Number 1052114

CITY LIFE CHURCH - SUNDERLAND

BALANCE SHEET

As at 31 December 2022

----- Start of picture text -----
Total Total
2022 2021
£ £ £ £
Fixed assets
Tangible assets 18 836,396 837,641
Total fixed assets 836,396 837,641
Current assets
Debtors 19 1,730 1,523
Cash at bank and in hand 20 71,122 70,262
Total current assets 72,853 71,785
Creditors: amounts falling due within
one year 21 ( 13,435 ) ( 16,219 )
Net current assets 59,418 55,566
Total assets less current liabilities 895,814 893,207
Creditors: amounts falling due after
more than one year 22 ( 165,366 ) ( 187,901 )
Total net assets or liabilities 730,448 705,306
Funds of the charity
Unrestricted income funds 720,462 651,183
Restricted income funds 9,986 54,122
Total funds 730,448 705,305
The notes on pages 9 to 17 form an integral part of these accounts.
These financial statements were approved by the Board on: 14 February 2023
and are signed on its behalf by: Mr Jonathan Clarke
Chair
Notes
----- End of picture text -----

NOTES TO THE FINANCIAL STATEMENTS

CITY LIFE CHURCH - SUNDERLAND

For the year ended 31 December 2022

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

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 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) � Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

City Life Church - Sunderland meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The financial statements have been prepared on a going concern basis. In making their assessment the Trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The Trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether �capital�grants or �revenue�grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

NOTES TO THE FINANCIAL STATEMENTS

CITY LIFE CHURCH - SUNDERLAND

For the year ended 31 December 2022

3.6 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of the Ministry and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £250 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Freehold land and buildings No depreciation Computers and other equipment Straight line over three years Fixtures and fittings Straight line over three years Capital fees and expenses Straight line over three years

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

Analysis of income 6 Donations and legacies General fund Building Fund Mission Fund 7 Other trading activities Coffee shop 8 Income from investments Offerings Offerings (gift aid reclaimable) Offerings Offerings (gift aid reclaimable) Offerings Offerings (gift aid reclaimable) Room hire Bank interest Legacy Toddlers & Play Cafe Miscellaneous Gift aid	Unrestricted Funds £ 27,856 66,363 - - - - 18,602 112,821 8,730 5,019 2,000 135 1,928 17,811 52 52	Restricted Funds £ - - 5,240 1,860 6,207 1,154 - 14,461 - - - - - - - -	Total 2022 £ 27,856 66,363 5,240 1,860 6,207 1,154 18,602 127,282 8,730 5,019 2,000 135 1,928 17,811 52 52	Total 2021 £ 26,097 65,015 4,613 5,208 447 191 15,685 117,256 5,270 2,273 - - 482 8,025 22 22

Income was £145,145 (2021: £125,303) of which £130,684 was unrestricted or designated (2021: £108,349) and £14,461 was restricted (2021: £16,954)

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

Analysis of expenditure on charitable activities

9 10	Donations made Operation of the church Salary, pension and NI Ministry costs Governance costs Mortgage interest Adverts publicity Repairs and maintenance Donations for Mission support Other donations Salary costs Pension costs Management and administration Children and youth ministry Conference and seminar expenses Accommodation Travel and hospitality Ministry expenses Independent examiner's fees for reporting on the accounts Music/pa system, equipment and licences Subscriptions Thirty One Eight membership services Furniture and furnishings Depreciation / loss on disposal Printing, postage and stationery Cleaning Computer equipment and software Light and heat Telephone and broadband Insurance Equipment general Water rates Provisions Legal fees & bank charges Delivery charges	Unrestricted Funds £ - 146 146 53,744 3,669 912 20 464 3,864 9,331 1,448 3,749 251 - 262 - 968 4,148 615 1,593 2,143 1,031 206 4,886 1,041 1,907 4,069 116 119 700 101,259	Restricted Funds £ 6,187 - 6,187 - - - - - - - - - - 9,613 - 2,797 - - - - - - - - - - - - - - 12,409	Total 2022 £ 6,187 146 6,334 53,744 3,669 912 20 464 3,864 9,331 1,448 3,749 251 9,613 262 2,797 968 4,148 615 1,593 2,143 1,031 206 4,886 1,041 1,907 4,069 116 119 700 113,668	Total 2021 £ - 2,447 2,447 55,897 3,460 323 430 116 1,420 4,001 1,699 3,456 177 9,678 356 2,472 791 4,003 545 2,047 2,032 819 358 3,758 720 1,980 1,895 78 8 924 103,443

Expenditure on charitable activities was £120,002 (2021: £105,890) of which £101,405 was unrestricted or designated (2021: £93,740) and £18,597 was restricted (2021: £12,150)

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

11 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts There were no other fees paid to the examiner (2021: £nil)	2022 £ 700 700	2021 £ 924 924

12 Analysis of staff costs and the cost of key management personnel

Gross wages, salaries and benefits in kind Employer's National Insurance costs Employer's pension costs	2022 £ 53,744 - 3,669 57,413	2021 £ 51,615 569 4,683 56,867

No employee received remuneration above £60,000 (2021: nil)

The key management personnel of the charity, comprise the Trustees and the Senior Minister. The total employee benefits of the key management personnel of the charity were £27,157.

13 Staff numbers

The average monthly head count was 4 staff (2021: 5 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities The parts of the charity in which the employee's work	2022 Number 3.0 3.0	2021 Number 3.0 3.0

14 Transactions with Trustees

One Trustee is a paid employee of the Charity - Mr J Clarke is the Senior Minister and Chairman of the Trustees. No remuneration or benefits were paid for his role as Trustee (2021: £nil). No other Trustees were paid or received any other benefits from employment with the Charity in the year (2021 £nil) neither were they reimbursed expenses during the year (2021: £nil). There were no other related party transactions.

15 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £3,669 (2021: £4,683). There was £0 outstanding as at 31 December 2022 (2021: £0)

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

17 Donations Total value of donations Donation - Financial Support Donation - Foodbank Donation - Gifts Donation - Impact Project Donation - Love Christmas/220 Hampers	2022 Total £ 166 40 370 1,313 4,445 6,334	2021 Total £ - - 239 442 1,766 2,447

18 Tangible fixed assets Cost Balance brought forward Additions Disposals Balance carried forward Depreciation Basis Rate Balance brought forward Depreciation charge for year Disposals Balance carried forward Net book value Brought forward Carried forward	Freehold land and building £ 828,362 - - 828,362 No Depr - - - - 828,362 828,362	Computer equipment £ 19,436 - - 19,436 SL 33% 12,647 3,645 - 16,292 6,789 3,144	Fixtures and fittings £ 17,312 - - 17,312 SL 33% 14,822 - - 14,822 2,490 2,490	Capitalised fees and expenses £ 48,620 3,641 - 52,261 SL 33% 48,620 1,241 - 49,861 - 2,400	Total £ 913,730 3,641 - 917,371 76,089 4,886 - 80,975 837,641 836,396

19 Debtors and prepayments (receivable within 1 year)

Other debtors Gift Aid recoverable Trade debtors	2022 £ - 1,730 1,730	2021 £ 135 1,388 1,523

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

20 Cash at bank and in hand

Cash at bank and in hand 21 22 Accruals Mortgage Creditors and accruals (payable after more than 1 year) Capital Creditors and accruals (payable within 1 year) PAYE and social security Independent examination of accounts Mortgage Capital Interest free loan from church member AOG subscriptions	2022 £ 71,122 71,122 2022 £ 2,449 1,529 700 8,756 - 13,435 2022 £ 165,366 165,366	2021 £ 70,262 70,262 2021 £ 2,007 1,201 924 11,187 900 16,219 2021 £ 187,901 187,901

There is a mortgage (balance outstanding £174,123) holding a charge over the church building until the last payment due on 12/06/2035

23 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

24 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds Building capital fund General unrestricted fund *Totals* Fixtures, fittings and equipment	Fund balances brought forward £ 640,023 9,279 1,881 651,183	Incoming resources £ 8,730 - 121,954 130,684	Resources expended £ ( 1,241 ) ( 3,645 ) ( 96,519 ) ( 101,405 )	Transfers £ 17,884 - 22,116 40,000	Fund balances carried forward £ 665,396 5,634 49,432 720,462

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

24 Analysis of charitable funds continued

Purpose of unrestricted funds

Building capital fund

Fixtures, fittings and equipment fund General unrestricted fund

The building capital fund represents the book value of the property less the amount outstanding on the mortgage.

The fixtures, fittings and the equipment fund represents the amount invested in these fixed assets.

The general unrestricted fund represents the current unrestricted bank balance plus debtors less creditors (not including mortgage payment falling due within 1 year).

Analysis of movement in restricted funds

Restricted funds Building revenue fund Mission fund General Support Foodbank Christmas Hampers *Totals*	Fund balances brought forward £ 50,378 3,744 - - 54,122	Incoming resources £ 7,100 1,230 1,316 4,815 14,461	Resources expended £ ( 12,409 ) ( 1,372 ) ( 370 ) ( 4,445 ) ( 18,597 )	Transfers £ ( 40,000 ) - - - ( 40,000 )	Fund balances carried forward £ 5,069 3,601 946 370 9,986

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Building revenue fund

The building revenue fund represents cash funds set aside expressly for the purpose of paying the mortgage liability.

General Support The mission fund exists to ensure that all monies donated for the purpose of assisting various Missionaries are so used. Foodbank To purchase additional food supplies. Christmas Hampers To provide hampers to families in need.

Transfers between funds

Reason for transfer

Between unrestricted and restricted funds Reason for transfer Previously the rent from room hire was incorrectly included in restricted funds, now transferred to unrestricted funds.	Amount £ 40,000

25 Capital commitments

As at 31 December 2022, other than the mortgage the charity had no other capital commitments (2021 -£nil)

CITY LIFE CHURCH - SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

26 Analysis of net assets between funds

Cash at bank and in hand Other net current assets/(liabilities) Tangible fixed assets Long term assets/(liabilities)	Unrestricted Funds £ 836,396 61,136 ( 11,704 ) ( 165,366 ) 720,462	Restricted Funds £ - 9,986 - - 9,986	Total 2022 £ 836,396 71,122 ( 11,704 ) ( 165,366 ) 730,448	Total 2021 £ 837,641 70,262 ( 14,696 ) ( 187,901 ) 705,306