## **Abundant Life Church Lakenheath** ## **Balance Sheet as at 31st December 2023** ||**Notes**||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---|---|---| ||||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**| ||||**2023**|**2023**|**2023**|**2023**|**2023**| |**Fixed Assets**||1|299431||||299431| |**Current Assets**|||||||| |Debtors & Prepayments||17|1129||||1129| |Cash at bank|||22316||||22316| |Cash in hand|||59||||59| |**Total**|||**23504**||||**23504**| |Current Liabilities - amounts|||||||| |falling due within one year||18|0||||0| |**Net current assets/liabilities**|||**23504**||||**23504**| |**Total assets less current**|||||||| |**liabilities**|||**322935**||||**322935**| |Long term liabilities|||||||| |Amounts falling due after more|||||||| |than one year||19|3746||||3746| |**Net Assets**|||**319189**||||**319189**| |**Funds**|||||||| |Accumulated fund|||319189||||319189| |Restricted fund|||||||| |Endowment funds|||||||| |**Total funds**|||**319189**||||**319189**| |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 2023** ||**Notes**|**UnrestricteRestricted **|**UnrestricteRestricted **|**EndowmenTotal**|**EndowmenTotal**|**Total**| |---|---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**| |||**2023**|**2023**|**2023**|**2023**|**2023**| |**Incoming Resources**||||||| |Voluntary Income||13648||||13648| |Activities Income||60890||||60890| |Investment Income||0||||0| |Charitable Trading Income||0||||0| |**Total Incoming Resources**||**74538**||||**74538**| |**Resources Expanded**||||||| |**Costs of Generating Voluntary Income**||||||| |Education & Training||429||||429| |Community Fellowship||60001||||60001| |Gifts||0||||0| |Property||6289||||6289| |Management and Administration||2613||||2613| |**Total**||**69332**||||**69332**| |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**||**5206**||||**5206**| |**Transfers Utilied/Released**||||||| |Net Movement in Funds for year||5206||||5206| |Adjustment prior year||0||||0| |Fund Balances brought forward||313983||||313983| |**Fund Balances carried forward**||**319189**||||**319189**| 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 2023** ||2023|2022| |---|---|---| |**Opening Balances**||| |Cash at bank|20408|23047| |Cash in hand|626|596| ||21034|23643| |Add funds generated||| |Surplus (-deficit) for year|1341|-2609| |Items not involving movement of cash||| |Depreciation||| |(-Increase) Decrease in prepayments|0|0| |Increase (-Decrease) in creditors|0|0| ||0|0| |**Total funds available**|22375|21034| |Deduct funds spent||| |Fixed assets||| |Mortgage capital repaid|3425|4966| |Total Spent|3425|4966| |**Cash Balances Remaining**|**18950**|**16068**| |**Represented by**||| |**Closing cash balances**||| |Cash at bank|22316|20408| |Cash in hand|59|626| |**Total**|**22375**|**21034**| ## **Abundant Life Church Lakenheath** ## **Note 1. Tangible fixed assets as at 31st December 2023** ## **Depreciation method - straight line** |**Depreciation Annual Rates**|**2%**|**20%**|**20%**|**20%**|**20%**|| |---|---|---|---|---|---|---| ||**Land &**|**Chattels & **|**Instruments**|**Office**|**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**
**Note 2 Capital Funds**|||||| |---|---|---|---|---|---| ||**Opening**|**Inflow**|**Outflow**|**Transfers **|**Closing**| ||**Balance**||||**Balance**| ||**£**|**£**|**£**|**£**|**£**| |Restricted|0||||| |Endowment|0||||| |Unrestricted|||||| |Accumulated Fund|313983|74538|-69332||319189| |Designated funds|||||| |**Total**|313983|74538|-69332||319189| |**Note 3 Voluntary Income**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| ||**2023**|**2023**|**2023**|**2023**|**2022**| ||**£**|**£**|**£**|**£**|**£**| |Offerings, Collections, Donations|12101||||18835| |Gift Aid/Gift Aid Tax Rebate|0||||600| |Gifts|0||||0| |Tax Refunds|0||||0| |**Total**|**12101**||||**19435**| |**Note 4 Income from activities**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| ||**2022**|**2022**|**2022**|**2022**|**2021**| ||**£**|**£**|**£**|**£**|**£**| |Nursery|60890||||62782| |Café|0||||0| |Conference|0||||0| |**Total**|**60890**||||**62782**| ## **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**| |---|---|---|---|---|---| ||**2023**|**2023**|**2023**|**2023**|**2022**| |Training & Teaching|429||||5363| |Visiting speakers|||||| |Teaching Resources|||||| |Ministry Resources|||||| |Ministry Support Overseas|||||| |Publicity/Outreach|||||| |Annual Tithe|284||||301| |**Total**|**713**||||**5664**| ## **Note 8 Expenditure Community Fellowship** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---| ||**2023**|**2023**|**2023**|**2023**|**2022**| |Transport|0||||0| |Catering|381||||441| |Fellowship Support|0||||0| |Fellowship Recreation|0||||0| |Nursery Costs|52679||||51848| |Depreciation|0||||0| |**Total**|**53060**||||**52289**| ## **Abundant Life Church** ## **Note 9 Expenditure Gifts** |**Note 9 Expenditure Gifts**|||||||| |---|---|---|---|---|---|---|---| ||**Unrestricted**||**Restricted **|**Endowment**|**Total**|**Total**|| ||**2023**||**2023**|**2023**|**2023**|**2022**|| |Overseas||0|||||0| |Organisations||0|||||0| |Church Personnel||0|||||0| |**Total**||**0**|||||**0**| ## **Note 10 Expenditure Support Costs - Property** ||**Unrestricted**|**Restricted **|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---| ||**2023**|**2023**|**2023**|**2023**|**2022**| |Mortgage costs|641||||809| |Repairs|1122||||7730| |Cleaning|952||||2007| |Electricity|6434||||6434| |Insurance & water|1581||||1514| |**Total**|**10730**||||**18494**| ## **Note 11 Expenditure Management and Administration** ||**Unrestricted**|**Restricted **|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---| ||**2023**|**2023**|**2023**|**2023**|**2022**| |Postage/Stationery|360||||507| |Telephone|990||||1201| |Subscriptions & Licences|829||||924| |Computer Costs|0||||0| |Professional Fees|197||||231| |Bank Charges|61||||89| |Bad Debts|10||||0| |**Total**|**2447**||||**2952**| ## **Note 12 Income & Related Expenditure Charitable Trading** **Unrestricted Restricted Endowment Total Total 2023 2023 2023 2023 2022** Income 0 Expenditure 0 **Note 13 Governance Costs Unrestricted Restricted Endowment Total Total 2023 2023 2023 2023 2022** Legal & Professional Independent Examination Total **Note 14 Trustees Remuneration and out of Pocket Expenses 2023 2022 Trustees Remuneration** One trustee pastoral 3017 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 Unrestricted Restricted Endowment Total Total 2023 2023 2023 2023 2022** Sundry Debtors 0 0 ## **Note 18 Creditors/Liabilities falling due within one year** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---| ||**2023**|**2023**|**2023**|**2023**|**2022**| |Sundry Trade Creditors|0||||0| |Mortgage Capital repayments|4008||||5007| |Payment received in advance|0||||0| |Total|4008||||5007| |**Note 19 Long Term Liabilities (Unrestricted) - Mortgage**|||||| |||||**2023**|**2022**| |Mortgage Provider||||Kingdom|Kingdom| |||||Bank|Bank| |Remaining term||||3yrs 7mths|4yrs 7 mths| |Amount outstanding||||3746|7171| |Current Interest rate||||7.50%|7.50%| |||||**2023**|**2022**| |**Note 20 Average number of Employees**||||**1**|**1**| |**Note 21 Individual gift(s) paid in excess of £1000**|||||| |||||**2023**|**2022**| ## **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 2023** 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 consider that the au ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commis ## **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 requirements (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 comply 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 understanding of the Elizabeth Ruffle Trading as Trinity Accounting Services 41 Trinity Avenue Mildenhall Suffolk IP28 7LS Date: 27th February 2024 ## **The notes form an integral part of these accounts.** Page 1 ## **Trustees’ Annual Report for the period** ## **From Period start date To Period end date** ## **Charity name: Assembly of God** ## **Charity registration number:** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To spread the Gospel to our local**
**community and assist reducing poverty,**
**illiteracy and unemployment**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Sunday meetings, Wednesday Bible**
**studies, Nursery School, Food Bank and**
**developing Life Skills Academy**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Trustees have completed requirements**
**for Public Benefit**| ## **Achievements and Performance** ~~|~~ SORP reference **----- Start of picture text -----**
This year 13 people were baptised.
Summary of the main
achievements of the charity, Our Foodbank fed over 500 families.
Para 1.20
identifying the difference the
charity’s work has made to Our Nursery served just over 20
the circumstances of its children and served several drop in childcare
beneficiaries and any wider needs for 12 months
benefits to society as a
whole.
**----- End of picture text -----**
## **Financial Review** **----- Start of picture text -----**
Review of the Para See Accounts
1.21
charity’s financial
position at the
end of the period
Statement Para
1.22
explaining the The reserves policy operated by
policy for holding the charity endeavours to retain
reserves stating at least three months expenditure
why they are held in liquid reserves
Amount of Para 16,068
1.22
reserves held
Reasons for Para
1.22
holding zero
reserves
Details of fund Para
1.24
materially in
deficit
Explanation of Para
1.23
any uncertainties
about the charity
continuing as a
going concern
**----- End of picture text -----**
## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed**| |How is the charity
constituted?|Para 1.25|**incorporated**| (e.g unincorporated association, CIO) Trustee selection methods Para 1.25 **Lead Pastor (Chairman of Trustees)** including details of any **chooses board members and submits to** constitutional provisions e.g. **current trustees and church council for** election to post or name of **approval.** any person or body entitled to appoint one or more trustees ## **Reference and Administrative details** |Charity name|Assembly of God Church| |---|---| |Other name the charity uses|Abundant Life Church| |Registered charity number|1054430| |Charity’s principal address|Back Street Lakenheath
Brandon Suffolk
IP27 9HF| ||| **Names of the charity trustees who manage the charity** |1
2
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Vince Williams|Lead Pastor||Assembly of God Church
Council| ||Lisa Williams|Co-Pastor||same| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name Vince Williams Lisa Williams** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year Funds held as custodian trustees on behalf of others** Description of the assets 0 held in this capacity Name and objects of the 0 charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 0 safe custody and segregation of such assets from the charity’s own assets ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Lisa Joy Williams **Full name(s)** Vincent Keith Williams **Position (eg Secretary,** Chair Trustee **Chair, etc) Date** 21 Nov 2024