LIFE CHANGE COMMUNrrY CHURCH CONTENTS Page 3 Legal and Adminlstrative Infonmation Page 4 In(lepen(lent Examiner's Report to the TnJstee5 Page5&6 Trustees. Report Page 7 Statement of Flnandal Actlvltles Page 8 Balantr Sheet Pages 9 to 14 Notes to the Accounts UFE CHANGE COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY 14UMBEA 1052592 srART OF FXNANCXAL YEAR 1st January 2023 END OF FXNANaAL YEAR 31st D￿rnber 2023 TRUSTÉES AT 31sr DECEMBER 2023 Mrs Stephanie Masipa The existing twstees appolnt any new trustees followlng the provisions lald out In the Charlty's govemlng instrument. GOVERNING INsfRUMENT TRUST DEED DATED 20 SEPTEMBER 1993 A5 AMENDED BY CONsfiTLrfioN WITH TRUST DEED ADOPTED 3 ocfoBER 2007. OBJEcrs l) To advance The Chri*ian faith in accordance wlth the statement In such ways and in such parts of the United Kln9dom or the world as the church council from tlme to time may think flt. 2) To relieve sickness and financlal hardship and to promote and preserve good health by the provi%on of fund5, goods or servitss of any kind Indudlng through the provision of coun5elling and support In Such parts of the United Klngdom or the wortd a5 the church counal from tlme to tlme think fit; and 3) To advan￿ education In such way5 and in such parts of the United Klngdom or the world as the church council from tlme to ttmp trhink fit CORRESPONDENCE ADDRESS Llfe Change Community Churth Vittoria Avenue Blackley. Manchester M9 6QL PRIMARY BANKERS Bardays Bank PIC l The Rod(, Central St, Bury Branch Greater Manchester VOLUNTARY INDEPENDENT exAMINER E K A5hladey, FCCA, CPFA, MBA Voluntary Independent Examiner 6 Lowbrook Avenue M9 71D INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustees of Life Cornmunty Change Church on the accounts for the year ended 31st December 2023 set out on pages 7 to 14. R￿PeCtIVe responslbllltles of trustees and examlner The tharty's trustees are responslble for the preparation of the a¢¢ounts. The trustees consider that an audit is not required for this year (under section 144(2) of the Charfties Act 2011 (the Act) as amended 2022, and that an Independent examination is needed. The charity's gross income does not exceeded £25,000 and I am qualified as as an Independent voluntary examiner to undertake the examinatlon by being a qualified member of Assodation of Charlty Independent Examiners wlthout charying a fee. It is my responsiblllty to: examine the accounts (under sertlon 145 of the Act, as amended), to follow the procedures lald down in the General Dlrections glven by the Charlty Commisslon (under sertion 145(5)(b) of the Act, as amended 2022). and . to stste whether partlcular matters have come to my attentlon. Bas1$ of Indep*nd¢nt •xamlner's statemert My examinatlon was carrled out in accordance wlth General Dlrertions given by the Charlty Commissioners. An examination Includes a revlew of the attounting records kept by the organlsatlon and a comparison of the accounts presented with those records. It also Includes Considerat1(￿ of any unusual items or dlsdosures in the accounts, an seeklng explanations from the twstees concemlng any suth matters. The prO￿dureS undertaken do not provSde all the evldentr that would be required in an audlt, and consequently no opinion Is glven as to whether the accounts p￿sent a 'true and fair view, and the report is limited to those matters set out In the ststement below. Independ¢nt examlner's statement In the course of my examination, no matter has come to my attention which gives me ￿asonable cause to believe that In, any materlal tespett, the trustees have not met the requlrements to ensure that: proper accountirvj record5 are kept (in accordance with sectlon 130 of the Act as amended); and accounts are prepared which agree wlth the accountiftg records and wmply wlth the accountlng requlrements of the Art; or to which, in my opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to be wched. E K Ashiadeyi FCCA, CPFA, MB Voluntary Independent examlner 6 Lowbrook Avenue Charlestown, Greater Manchester M9 7JD Dated: 21st Aprll 2025. LIFE CHANGE COMMUNITY CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 Explanètion of the Objects of the Charlty and the MIMlon Statement Ltfe Change CommunW Church Is an Independet Christian Mlnlstry orientated thurch called to the task of evangellsing and disclpllng the hurung people of the world with the message of hope and the plan of Jesus Chrlst. a) The adVan￿rnent of the Christian falth reaching the lost and hurtlng* we give support to these areas accordlng to the need. b) The relief of persons In need, harylship, who are distressed or slck; we help wlth food and clothes, ty1r￿ to meet the needs of all the above indlvlduals. c) I ne aovancement or eaucation on tne Dasls or LnnsDan Ynncipies; we use our runos to Dnng In Ministers ￿ tne Gospel. teachers and evangelists not only to teach and minister to the people, but also train and equlp them to ascertain thelr destiny in Ilfe. Organisatlonal StrUc￿re and Declslon Making There is a Board of Trustees who meets regularly to make strateglc deusions as well as a senior Pastoral/Management Team of the charlty. As the church grow, capaoty is belng built with expertlse In finano and adminlstration alongside Identifying young talents for the future dlrertlon of the charity. Revlaw of Actlvlties durlng the Year 2023 and PLins for 2024 The charity In Its 2022 report, envisaged a number of artlvltles for the year 2023. We are happy to report that the charity dellvered successfully on those plans. Demonstratlng res11ien￿ and determlnatlon to contlnue to be the beacon of hope and lifeline wFthin the community we serve. Our success over the years 15 underplnned by the Sheer commitment and dedicated contributions of our membets and volunteers to the cause. The charity made remarkable improvement in falth and well belng of Its members and the communlty through teachlng and outreach programmes, Including weekly teachlngs and outreach events reachlng the hurting people all over the city of Manchester area. Continued wlth building strong effective and efficlent leadership team (Restructuring & Tralning). The Church has continued to expend resourtrs to malntain the premises and the facilltie$. As part of its policy concernlng the safeguardlng and safety of thlldrenl young people and vulnerable eo le, the church Is continuin its membershi with the Chlld Protertion Advisory NSCCP (CCPSA . emenis on ali ￿serveS a ali recognisea ains ano losses are snown aDove. All or tne organi tion's operatlons are classed as continulng. Actlvltles in furtherance of organisatlon's objects No payments were made to trustees or any persons connected wlth them durlng this financlal period. No material transactlon took place btheen the organlsatlon and a trustee or any person connected wlth . Provision of regular Sunday church Servi￿ wlth worshlp. pralselmusic, scrlpture and communlon. LIFE CHANGE COMMUNITY CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 Contlnue with building strong effertive and effldent leadershlp team (Envlsloning & Trainlng). The Church to contlnue to expend resources to maintain the premlses and the facllltles. As part of its policy concerning the safeguarding and safety of children, young people and vulnerable people, the church Is continuing its membership with the Child Protettion Advisory NSCCP (CCPSA). The church to continue its involvement with the Middleton Food Bank for the supplle5 of donated foodstu Contlnue support for Christian Aid charityi Assemblies of God and on monthly basis. To improve the provislon of weekly pastoral care, teachings, seminars & workshops led by the pastoral team includlng Bible Study and prayer meetings, recruiting more members. Provision of regular Sunday church servlces with worshipi praiselmusic, scrlpture and communion. Trugtees Responsibilltle$ The Charitles Act 2011 as amended 2022 require the trnstees to prepare financial statements for each financial year whlch give a true and falr view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are requlred to: Selert suFtable accountlng policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare flnancial statements on the 90ing con￿rn basis unless it is inapproprlate to presume that the trust will contlnue in exlstence. The trustees are responsible for keeplng proper accounting records, which disclose wlth reasonable accuracy at any tlme the flnancial position of the trust. They are also responsible for safeguardlng the assets of the trust and hence for tsking reasonable steps for the prevention and detection of fraud and other Irregularities. Signed on behalf of the Trustees by......- ..Stephanie Masipai Trustee Chair. Date: 21st April 2025. LIFE CHANGE COMMUNITY CHURCH STATEMENT OF FINANCIAL AcrIvmES FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestrlcted Restrlrted Funds Funds TOTAL 2023 TOTAL 2022 Notes INCOMING RESOURCES Incomlng Resources from Generated Funds Voluntsry Income 3a 6,893 500 7,393 10,313 Other Incomlft9 Regourrns 3b 1,040 1,040 1,690 TOTAL 114COMING RESOURCES 500 00 RESOURCES EXPENDED Charltable Actlvltl•s 8,278 500 8,778 11,804 Governance Costs 4b TOTAL RÈSOURCES EXPENDED 278 500 NET INCOMINGI (oiYfGOZNG) RESOIIRCES 1345) (345) 198 Total Funds Brought Forward 20.624 20,624 20,426 TOTAL FUNDS CARRIED FORWARD Movements on all reserves and all recognised galns and losses are shown above. All of the organlsatlon's operations are dassed as contlnulng. The notes on pages 9 to 14 form part of these flnandal statements. LIFE CHANGE COMMUNrrY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023 Unrestricted Restricted 31-Dac-23 31-Detr22 Funds Funds Totsl Total Notes Flxed Assets Tangible assets Current Assets Cash at bank and In hand 21,529 21,529 21,374 Totsl Current Asgets Credltors: amounts falllng due wlthln one year 1,250 1,250 750 NFf CURRENT ASSErs 20,279 20,279 20,624 TOTAL ASSEfs less current liabillties 20.279 20,279 20,624 Credltors: amounts falling due In more than one year NEf ASSErs 20,279 20,279 20,624 Funds ol the Charlty General Funds Restrirted Funds 20,279 20,279 20,624 Total Funds 20.279 20,624 Approved by the Trustees on the 29th March 2025 and Slgned on thelr behalf by.......-......-............ .Stephanie Masipa, Trustee Chair LIFE CHANGE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 I. ACCOUNTING POUCIES Incomlng Rosourc Recognltion of Incomlng ReSoUr￿S These are Induded in the Statement of Ftnandal Activities (SOFA) when: . the charfty becomes entitled to the resour￿. the tnjstees are vlrtually certain they wlll receive the resOu￿s. and the monetary value can be measured with sufficient rellability. Incoming Resources With ￿lated expenditure Where incoming ￿SOUr￿ have related expenditure (as wlth fundraising or contract income) the Incomlng resource and related expenditure are reported gross In the SOFA. Grants and Donatlons Grant$ and Donatior75 are only Induded in the SOFA when the charlty has unconditional entitlement to the resources. Tax reclalms on Donatlons and Gifts Incomtng resources from tax redaims are Induded in the SOFA durfng the same perlod as the gift to whlch they relate. Contractual Income and PerfOrrnan￿ Related Grants Thls is only Induded in the SOFA once the related goods or servths has teen delivered. Glfts In Kind Gifts In klnd are accounted for at a reasonable estimate of thelr value to the charlty or the amount acbjally reallsed. Glfts In klnd for sale or distributlon are Induded In the accounts as gifts only when sold or distributed by the chartty. Gifts in klnd for use by the charlty are induded In the SOFA as incomlng resource5 when receivable. Donated SeThltss and Facllltles These are only induded In incoming resources (with an equlvalent amount in resources expended) where the benefit to the charity Is reasonably quantifiable, measurable and rnater￿I. The value placed on these resources 1$ the estimated value to the charlty of the Service or faclllty received. Volunteer Help The value of any voluntary help r￿1Ved Is not induded In the accounts but Es descrlbed in the trustees, annual Investment Income This Is induded In the accounts when re￿[vable. Investment galn5 and losses This Induded any galn or loss on the sale of investments and any galn or loss resultlng from revalulng Investments to market value at the end of the year. Expendlture and Ilabilltles Llablllty recognition Liabllities are recognlsed as soon as there Is a legal or constmttlve obllgatlon committing the charity to pay out resources. Governan￿ Costs Indude costs of the preparation and examlnation of statutory accounts, the costs of the trustees meetings and cost of any legal advi￿ to trustees on governance or constitutlonal matters. Grants wlth perf0M?an￿ conditions Wh•r• th• ¢h•rity glves a gr3nt with condltlons for Its payment ￿1ft9 a spedflc lev@1 of gervlcè or output to bt provided, such grants are only recognlsed In the SOFA On￿ the redplent of the grant has provided the speclfled service or output. LIFE CHANGE COMMUNrrY CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 Grants payable without perfom?ance conditions These are only recogni5ed in the accounts when a commitment has been made and there are no conditions to be met ￿lating to a grant whlch remain in control of the charity. Support Costs Support costs indude central functions and have been allocated to artivlty cost categorles on a basls conslstent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, stsff costs by the time spent and other costs by thelr u5a9e. Changes In Accounting policles and prevlous accounts The￿ has been no change to the accounting polic￿ (varlatlon rules and methods of accountlng) SIn￿ last year, and no changes to the previous accounts. Assets Tangible tixed assets ror use Dy the cnanty: These are capltallsed if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the thartty on recelpt. Deprectation Is calculated at a rdte to wrlte off the cost of tsnglble fixed assets on a reduclng balan￿ b3sls over their estimated useful Ilves. The rates applied per annum are as follows: Equipment Fixtures and Flttings Motor Vehlcles 25Wo iOVo 25% The charlty had no flxed assets at the bal4nce sheet date to be depreclated. The property is maintained to suth a standard that the estimated resldual value Is not less than cost. Basis of preparntlon: The financial ststements have been prepared on the hlstorical cost basis of accounting in accordan￿ wlth the Charities Art 2011 as amended 2022 and in accordance with applicable accounting standards. In preparing the financlal statements the charity follows best practio as laid down In the Statement of Recommended Prarti "Accounting and Reportlng by Charltles. (SORP 2005) Issued In March 2005. I TANGIBLE FIXED ASSErs Equipment Bulldlng UnrestrSrted Restrlrted Furniture & Flxtures Total Vehlcle C05t Addltlons C05t at 01-Jan-23 31-Dec-23 Depreciatlon Charge Depreclation at 01-Jan-23 31-Dec-23 Net Book Value Net Book Value 31-Dec-23 31-Dec-22 The annual commltments under non-cancelllng operatlng leases and capltsl commltments are as follows: 31st December 2023 . None 31st De￿mber 2022 . None io LIFE CHANGE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 3. INCOMING RESOURCES Unrestricted Restrirted Funds Funds TOTAL 2023 TOTAL 2022 Note5 a) Voluntary Income rithes Offerlng Donatlons 6,478 315 loo 6,478 315 600 6,336 882 3,095 500 500 b) Other Xncomlng Resour Rental Income 1,040 1,040 1,690 4. RESOURCES EXPENDED a) Charltable Activities Mlnistry and Mission Church Premises Utilities (Water. Gas & Electricity) Church Premlses Insurance Charitable Donations Cleaning/Laundry Church Equipment Expenses Felowship5 & Hospitality Church Premises Insuran Publlclty, Media & Outreach Prlntinglstationery Professional Fees statements as at 31Dec2011 650 1,324 2.462 280 145 140 959 1,480 321 17 500 650 1,324 2,462 780 145 140 959 1,480 321 17 500 2,800 2,640 2,220 780 195 254 400 1,302 299 164 750 500 51 b} Governanco Costs Independent Examiners Fees 5. RESTRicfED FUNDS Balan 01-Jan-23 Balan Expendlture 31-Dec-23 Income Christian Aid Donatlon 500 500 500 500 The restricted funds are wholly represented by cash reserves of the chartty 6. CASH AT BANK AND IN HAND Unrestricted Restrlcted Fund Fund Total Total 31-Detr23 31-0ec-22 Current Account Church Reserve Account Kingdom Bank 17,305 4,052 172 17,305 4,052 172 17,786 3,416 172 7. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALUIIG DUE wIfHIN ONE YEAR Unrestrlcted Restricted Fund Fund Totsl Total 31-Dtt¥23 31-D￿￿12 Bookkeeping Fee5 1,250 1.250 750 750 12 LIFE CHANGE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31sr DECEMBER 2023 CREDrroRS ACCRUALS AND DEFEARED INCOME: AMOUNTS PALLING DUE IN MORE THAN ONE YEAR Unrestrlcted Restrlcted Fund Fund Total Total 31-Dec•23 31-D¢￿22 The church has no mortgage a5 at the balance sheet date. 9. sfAFF cosrs AND NUMBERS 2023 2022 Gross Wages and Salaries Employerfs Natlonal Insuran￿ Costs Pension Contributions Employees who were engaged In each of the followlng actlvltles: 2023 TOTAL 2022 TOTAL Actlvltles in fvrtherance of organirjation's objects No employees recelved emoluments In excess of £60,000 (Note 2013: NII). Staff are pald through the PAYE sy#em. io. Trumfs AND OTHER RÉLATED PARTIÉS No payments were made to trustees or any persorts connected with them during thls flnancial perfod. No materlal transaction took place between the organ15atlon and a trustee or any person connerted wlth them. 11. RISK ASSESSMENT I ne trustees attiveiy review the major nsks which the chanty taces on a regular Dasis and believe that maintaining the free reserves stated, combined with the annual revlew of the controls over key financial systems carried out on an anrtual b8sls wlll provlde sufflclent resources In the event of adverse conditions. The trustees have also examSned other operatlonal and buslness rlsks whlch they face and coftfim that they have established systems to mFtlgate the slgnlflcant rlsks. 12. RESIRves poucy The trustees have considered the level of reseNes they wish to retaln, appropriate to the charity's needs. This is based on the chartty's ￿ze and the level of financlal commltments held. The trustees aim to ensure the charrty will be able to continue to fuffil Its charitsble obJectlves even rf there is a temporary shortfall In income or unexpected expendlture. The trustees will endeavour not to set aside funds unnecessarily. 13 LIFE CHANGE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 13. PUBUC BENEFrr The charlty acknowledges Its requ1￿ment to demonstrate dearly that it must have charltsble purposes or 'alms' that are for the publlc benefft. Detalls of how the charlty has achleved this are provlded In the Trustees report, The Trustees confim that they have pal