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## **Abundant Life Church Lakenheath** 

## **Balance Sheet as at 31st December 2022** 

||**Notes**||**Unrestricted **|**Restricted **|**Endowment **|**Total**|**Total**|
|---|---|---|---|---|---|---|---|
||||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**|
||||**2022**|**2022**|**2022**|**2022**|**2022**|
|**Fixed Assets**||1|299431||||299431|
|**Current Assets**||||||||
|Debtors & Prepayments||17|689||||689|
|Cash at bank|||20408||||20408|
|Cash in hand|||626||||626|
|**Total**|||**21723**||||**21723**|
|Current Liabilities - amounts||||||||
|falling due within one year||18|0||||0|
|**Net current assets/liabilities**|||**21723**||||**21723**|
|**Total assets less current**||||||||
|**liabilities**|||||||**321154**|
|Long term liabilities||||||||
|Amounts falling due after more||||||||
|than one year||19|7171||||7171|
|**Net Assets**|||**313983**||||**313983**|
|**Funds**||||||||
|Accumulated fund|||313983||||313983|
|Restricted fund||||||||
|Endowment funds||||||||
|**Total funds**|||**313983**||||**313983**|
|Approved by the Board of Trustees on|||||and signed on|it's behalf by:||
|Chairman (1)||||||||
|Trustee (2)||||||||





## **Abundant Life Church Statement of Financial Activities For the year ended 31st December 2022** 

|**Notes**|**Unrestric**|**RestrictedEndowmeTotal**|**RestrictedEndowmeTotal**|**RestrictedEndowmeTotal**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**|
||**2022**|**2022**|**2022**|**2022**|**2022**|
|**Incoming Resources**||||||
|Voluntary Income|18835||||10391|
|Activities Income|62782||||75928|
|Investment Income|0||||0|
|Charitable Trading Income|0||||0|
|**Total Incoming Resources**|**81617**||||**86319**|
|**Resources Expanded**||||||
|**Costs of Generating Voluntary Income**||||||
|Education & Training|5363||||200|
|Community Fellowship|52289||||63107|
|Gifts|301||||0|
|Property|18494||||14847|
|Management and Administration|2952||||1245|
|**Total**|**79399**||||**79399**|
|Costs of Generating Funds||||||
|Charitable Trading Costs|0||||0|
|Governance Costs - General|0||||0|
|Other Expenditure|0||||0|
|**Resources Expended**|**0**||||**0**|
|**Net incoming resources before transfer**|**2218**||||**2218**|
|**Transfers Utilied/Released**||||||
|Net Movement in Funds for year|2815||||2815|
|Adjustment prior year|0||||0|
|Fund Balances brought forward|311168||||311168|
|**Fund Balances carried forward**|**313983**||||**313983**|



The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. 



## **Abundant Life Church Lakenheath Statement of cash movements For the year ended 31st December 2022** 

||2022|2021|
|---|---|---|
|**Opening Balances**|||
|Cash at bank|23047|24292|
|Cash in hand|596|66|
||23643|24358|
|Add funds generated|||
|Surplus (-defcit) for year|-2609|-1599|
|Items not involving movement of cash|||
|Depreciation|||
|(-Increase) Decrease in prepayments|0|3427|
|Increase (-Decrease) in creditors|0|0|
||0|3427|
|**Total funds available**|21034|26186|
|Deduct funds spent|||
|Fixed assets|||
|Mortgage capital repaid|4966|2543|
|Total Spent|4966|2543|
|**Cash Balances Remaining**|**16068**|**23643**|
|**Represented by**|||
|**Closing cash balances**|||
|Cash at bank|20408|23047|
|Cash in hand|626|596|
|**Total**|**21034**|**23643**|





## **Abundant Life Church Lakenheath** 

## **Note 1. Tangible fixed assets as at 31st December 2022** 

## **Depreciation method - straight line** 

|**Depreciation Annual Rates**|**2%**|**20%**|**20%**|**20%**|**20%**||
|---|---|---|---|---|---|---|
||**Land &**|**Chattels & **|**Instruments **|**Ofce**|**Motor**||
||**Buildings**|**Fittings**|**Audio**|**Equipment **|**Vehicles **|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Cost|299431|0|0|0|0|299431|
|Opening balance|||||||
|Disposals|||||||
|Additions|||||||
|**Closing balance**|**299431**|**0**|**0**|**0**|**0**|**299431**|
|Depreciation|||||||
|Opening balance||||||0|
|Disposals||||||0|
|Charge for year||||||0|
|**Closing Balance**|**299431**|||||**299431**|
|**Net Book Value**|||||||
|At beginning of year|299431|||||299431|
|At end of year|299431|||||299431|





## **Abundant Life Church Note 2 Capital Funds** 

|**Abundant Life Church**<br>**Note 2 Capital Funds**||||||
|---|---|---|---|---|---|
||**Opening**|**Infow**|**Outfow**|**TransfersClosing**||
||**Balance**||||**Balance**|
||**£**|**£**|**£**|**£**|**£**|
|Restricted|0|||||
|Endowment|0|||||
|Unrestricted||||||
|Accumulated Fund|311765|81617|-79399||313983|
|Designated funds||||||
|**Total**|311765|81617|-79399||313983|
|**Note 3 Voluntary Income**|**Unrestricted **|**Restricted **|**Endowment **|**Total**|**Total**|
||**2022**|**2022**|**2022**|**2022**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Oferings, Collections, Donations|18835||||9832|
|Gift Aid/Gift Aid Tax Rebate|0||||600|
|Gifts|0||||0|
|Tax Refunds|0||||0|
|**Total**|**18835**||||**10432**|
|**Note 4 Income from activities**|**Unrestricted **|**Restricted **|**Endowment **|**Total**|**Total**|
||**2022**|**2022**|**2022**|**2022**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Nursery|62782||||72419|
|Café|0||||0|
|Conference|0||||0|
|**Total**|**62782**||||**72419**|





## **Abundant Life Church Lakenheath** 

## **Note 5 Investment Income** 

Investmant income was derived from surplus funds being placed on short term deposit with the bank 

## **Note 6 Other Income** 

## **Note 7 Expenditure Education and Training** 

||**Unrestricted **|**Restricted **|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**2022**|**2022**|**2022**|**2022**|**2021**|
|Training & Teaching|5363||||7375|
|Visiting speakers|||||0|
|Teaching Resources|||||0|
|Ministry Resources|||||0|
|Ministry Support Overseas|||||270|
|Publicity/Outreach|||||0|
|Annual Tithe|301||||568|
|**Total**|**5664**||||**8213**|



## **Note 8 Expenditure Community Fellowship** 

||**Unrestricted **|**Restricted **|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**2022**|**2022**|**2022**|**2022**|**2021**|
|Transport|0||||0|
|Catering|441||||1484|
|Fellowship Support|0||||0|
|Fellowship Recreation|0||||0|
|Nursery Costs|51848||||76115|
|Depreciation|0||||0|
|**Total**|**52289**||||**77599**|





## **Abundant Life Church** 

## **Note 9 Expenditure Gifts** 

||**Unrestricted **|**Restricte **|**Endowment **|**Total**|
|---|---|---|---|---|
||**2022**|**2022**|**2022**|**2022**|
|Overseas|0||||
|Organisations|0||||
|Church Personnel|0||||
|**Total**|**0**||||



## **Note 10 Expenditure Support Costs - Property** 

## **Unrestricted Restricte Endowment Total** 

|Mortgage costs|809|
|---|---|
|Repairs|7730|
|Cleaning|2007|
|Electricity|6434|
|Insurance & water|1514|
|**Total**|**18494**|



## **Note 11 Expenditure Management and Administration** 

||**Unrestricted **|**Restricte **|**Endowment **|**Total**|
|---|---|---|---|---|
||**2022**|**2022**|**2022**|**2022**|
|Postage/Stationery|507||||
|Telephone|1201||||
|Subscriptions & Licences|924||||
|Computer Costs|0||||
|Professional Fees|231||||
|Bank Charges|89||||
|Bad Debts|0||||
|**Total**|**2952**||||





## **Total 2021** 

270 0 0 **270** 

## **Total 2021** 

2094 7572 1033 627 1426 **12752** 

## **Total 2021** 

385 1137 1008 0 276 7 114 **2927** 



## **Note 12 Income & Related Expenditure Charitable Trading** 

**Unrestricted Restricted Endowment Total 2020 2020 2020 2020** Income Expenditure **Note 13 Governance Costs Unrestricted Restricted Endowment Total 2020 2020 2020 2020** Legal & Professional Independent Examination Total **Note 14 Trustees Remuneration and out of Pocket Expenses 2022 Trustees Remuneration** One trustee pastoral 5163 (Nil in capacity of Trustees) Trustees out of Pocket Expenses Connected Persons Remuneration Connected Persons out of Pocket Expenses 

## **Note 15 Purposes of Unrestricted Funds** 

To provide benefit to the community in which the charity operates by offering spiritual and moral support to individuals of all ages and backgrounds. In particular pastoral and educational services and backgrounds. In particular pastoral and educational services are available together with Christian support and advice. 

## **Note 16 Purposes of Restricted Funds** 

The income is dedicated to the support of beneficaries specified by donors. 

## **Note 17 Debtors & Prepayments** 


**----- Start of picture text -----**<br>
Unrestricted Restricted Endowment Total<br>2022 2022 2022 2022<br>Sundry Debtors 0<br>**----- End of picture text -----**<br>




Total
2019
Total
2019
2021
7375
Total
2021

## **Note 18 Creditors/Liabilities falling due within one year** 

||**Unrestricted Restricted Endowment **|**Unrestricted Restricted Endowment **|**Unrestricted Restricted Endowment **|**Total**||**Total**|
|---|---|---|---|---|---|---|
||**2022**|**2022**|**2022**|**2022**||**2021**|
|Sundry Trade Creditors||0||||475|
|Mortgage Capital repayments|5007|||||2543|
|Payment received in advance||0||||0|
|Total|5007|||||3018|
|**Note 19 Long Term Liabilities (Unrestricted) - Mortgage**|||||||
||||||**2022**|**2021**|
|Mortgage Provider||||Kingdom||Kingdom|
|||||Bank||Bank|
|Remaining term||||4yrs 7|mths|5yrs 7 mths|
|Amount outstanding|||||7171|11328|
|Current Interest rate|||||7.50%|7.50%|
||||||**2022**|**2021**|
|**Note 20 Average number of**|**Employees**||||**1**|**1**|
|**Note 21 Individual gift(s) paid in excess**||**of £1000**|||||
||||||**2022**|**2021**|



## **Note 22 Risk Assessment** 

The trustees have assessed functionality and policies operated by the charity and concluded that the risk is low. The charity's operations are under constant review and the trustees will ensure the adequate insurance cover is maintaind at all times. 

## **Note 23 Reserves Policy** 

The reserves policy operated by the charity endeavours to retain at least three months expeniture in liquid reserves 

## **Note 24 Controlling Interest** 

The trustees control the charity. 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABUNDANT LIFE CHURCH LAKENHEATH** 

A registered charity number:     1054430 

## **FOR THE YEAR ENDED 31ST DECEMBER 2022** 

The report relates to financial statements set out from page 2 to 9. 

## **Respective responsibilities of trustees and examiner** 

As the charity trustees you are responsible for the preparation of the accounts, you co 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the General Directions given by th 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(1) Which gives me reasonable cause to believe that in any material respect the requir (a) to keep accounting records in accordance with section 41 of the Act; and (b) to prepare accounts which accord with the accounting records and to co with the accounting requirements of the Act have not been met; or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper unde 

Elizabeth Ruffle Trading as Trinity Accounting Services 41 Trinity Avenue Mildenhall Suffolk IP28 7LS 

Date: 20th March 2023 

## **The notes form an integral part of these accounts.** 

Page 1 



nsider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) do 

e Charity Commissioners.  An examination includes a review of the accounting records 

rements d mply 

erstanding of the accounts to be reached. 



oes not apply.  It is my responsibility to state, on the basis of procedures specified in th 

kept by the charity and a comparison of the accounts presented with those records.  It 



he General directions given by the Charity Commissioners under section 43 (7) (b) of th 

t also includes consideration of any unusual items or disclosures in the accounts, and s 



he Act, whether particular matters have come to my attention. 

seeking explanations from you as trustees concerning any such matters.  The procedur 



es undertaken do not provide all the evidence that would be required in an audit, and c 



consequently I  do not express an audit opinion on the view given by the accounts. 



The Independent Examiner Report is located at the end of the Accounts