Abundant Life Church Lakenheath
Balance Sheet as at 31st December 2024
| Notes | Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | |||
| 2024 | 2024 | 2024 | 2024 | 2024 | |||
| Fixed Assets | 1 | 299431 | 299431 | ||||
| Current Assets | |||||||
| Debtors & Prepayments | 17 | 861 | 861 | ||||
| Cash at bank | 22103 | 22103 | |||||
| Cash in hand | 62 | 62 | |||||
| Total | 23026 | 23026 | |||||
| Current Liabilites - amounts | |||||||
| falling due within one year | 18 | 0 | 0 | ||||
| Net current assets/liabilites | 23026 | 23026 | |||||
| Total assets less current | |||||||
| liabilites | 322457 | 322457 | |||||
| Long term liabilites | |||||||
| Amounts falling due afer more | |||||||
| than one year | 19 | 0 | 0 | ||||
| Net Assets | 322457 | 322457 | |||||
| Funds | |||||||
| Accumulated fund | 322457 | 322457 | |||||
| Restricted fund | |||||||
| Endowment funds | |||||||
| Total funds | 322457 | 322457 | |||||
| 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 2024
| Notes | Unrestrict | Restricted | EndowmenTotal | EndowmenTotal | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2024 | 2024 | ||
| Incoming Resources | ||||||
| Voluntary Income | 10386 | 10386 | ||||
| Actvites Income | 72438 | 72438 | ||||
| Investment Income | 0 | 0 | ||||
| Charitable Trading Income | 0 | 0 | ||||
| Total Incoming Resources | 82824 | 82824 | ||||
| Resources Expanded | ||||||
| Costs of Generatng Voluntary Income | ||||||
| Educaton & Training | 266 | 266 | ||||
| Community Fellowship | 65439 | 65439 | ||||
| Gifs | 0 | 0 | ||||
| Property | 11789 | 11789 | ||||
| Management and Administraton | 2112 | 2112 | ||||
| Total | 79606 | 79606 | ||||
| Costs of Generatng Funds | ||||||
| Charitable Trading Costs | 0 | 0 | ||||
| Governance Costs - General | 0 | 0 | ||||
| Other Expenditure | 0 | 0 | ||||
| Resources Expended | 0 | 0 | ||||
| Net incoming resources before transfer | 3218 | 3218 | ||||
| Transfers Utlied/Released | ||||||
| Net Movement in Funds for year | 3218 | 3218 | ||||
| Adjustment prior year | 50 | 50 | ||||
| Fund Balances brought forward | 319189 | 319189 | ||||
| Fund Balances carried forward | 322457 | 322457 |
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 2024
| Opening Balances Cash at bank Cash in hand Add funds generated Surplus (-defcit) for year Items not involving movement of cash Depreciaton (-Increase) Decrease in prepayments Increase (-Decrease) in creditors Total funds available Deduct funds spent Fixed assets Mortgage capital repaid Total Spent Cash Balances Remaining Represented by Closing cash balances Cash at bank Cash in hand Total |
2024 22316 59 22375 3734 0 0 0 26109 3944 3944 22165 22103 62 22165 |
2023 20408 626 21034 1341 0 0 0 22375 |
|---|---|---|
| 3425 3425 18950 22316 59 22375 |
Abundant Life Church Lakenheath
Note 1. Tangible fixed assets as at 31st December 2024
Depreciation method - straight line
| Depreciaton Annual Rates | 2% | 20% | 20% | 20% | 20% | |
|---|---|---|---|---|---|---|
| Land & | Chatels & | Instruments | Ofce | Motor | ||
| **Buildings ** | Fitngs | Audio | Equipment | Vehicles | Total | |
| £ | £ | £ | £ | £ | £ | |
| Cost | 299431 | 0 | 0 | 0 | 0 | 299431 |
| Opening balance | ||||||
| Disposals | ||||||
| Additons | ||||||
| Closing balance | 299431 | 0 | 0 | 0 | 0 | 299431 |
| Depreciaton | ||||||
| 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 | Infow | Outlow | **Transfers ** | Closing | |
| Balance | Balance | ||||
| £ | £ | £ | £ | £ | |
| Restricted | 0 | ||||
| Endowment | 0 | ||||
| Unrestricted | |||||
| Accumulated Fund | 319189 | 82824 | -79556 | 322457 | |
| Designated funds | |||||
| Total | 319189 | 82824 | -79556 | 322457 | |
| Note 3 Voluntary Income | Unrestricted | Restricted | Endowment | Total | Total |
| 2024 | 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | |
| Oferings, Collectons, Donatons | 7549 | 12101 | |||
| Gif Aid/Gif Aid Tax Rebate | 0 | 0 | |||
| Gifs | 0 | 0 | |||
| Tax Refunds | 0 | 0 | |||
| Total | 7549 | 12101 | |||
| Note 4 Income from actvites | Unrestricted | Restricted | Endowment | Total | Total |
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Nursery | 75275 | 60890 | |||
| Café | 0 | 0 | |||
| Conference | 0 | 0 | |||
| Total | 75275 | 60890 |
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 | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Training & Teaching | 429 | ||||
| Visitng speakers | |||||
| Teaching Resources | |||||
| Ministry Resources | |||||
| Ministry Support Overseas | |||||
| Publicity/Outreach | |||||
| Annual Tithe | 278 | 284 | |||
| Total | 278 | 713 |
Note 8 Expenditure Community Fellowship
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Transport | 0 | ||||
| Catering | 381 | ||||
| Fellowship Support | 0 | ||||
| Fellowship Recreaton | 0 | ||||
| Nursery Costs | 79328 | 52679 | |||
| Depreciaton | 0 | ||||
| Total | 79328 | 53060 |
Abundant Life Church
Note 9 Expenditure Gifts
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |||
| Overseas | 0 | 0 | |||||
| Organisatons | 0 | 0 | |||||
| Church Personnel | 0 | 0 | |||||
| Total | 0 | 0 |
Note 10 Expenditure Support Costs - Property
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Mortgage costs | 198 | 809 | |||
| Repairs | 5299 | 7730 | |||
| Cleaning | 1559 | 2007 | |||
| Electricity | 5672 | 6434 | |||
| Insurance & water | 1803 | 1514 | |||
| Total | 14531 | 18494 |
Note 11 Expenditure Management and Administration
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Postage/Statonery | 596 | 360 | |||
| Telephone | 821 | 990 | |||
| Subscriptons & Licences | 694 | 829 | |||
| Computer Costs | 0 | 0 | |||
| Professional Fees | 70 | 197 | |||
| Bank Charges | 60 | 61 | |||
| Bad Debts | 41 | 10 | |||
| Total | 2282 | 2447 |
Note 12 Income & Related Expenditure Charitable Trading
| Unrestricted | Restricted | Endowment | Total | Total |
|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 |
| Income | 0 | |||
| Expenditure | 0 | |||
| Note 13 Governance Costs | ||||
| Unrestricted | Restricted | Endowment | Total | Total |
| 2024 | 2024 | 2024 | 2024 | 2023 |
| Legal & Professional | ||||
| Independent Examinaton | ||||
| Total | ||||
| Note 14 Trustees Remuneraton and out of Pocket Expenses | ||||
| 2024 | 2023 | |||
| Trustees Remuneraton | ||||
| One trustee pastoral | 1000 | 3017 | ||
| (Nil in capacity of Trustees) | ||||
| Trustees out of Pocket Expenses | ||||
| Connected Persons Remuneraton | ||||
| 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 2024 2024 2024 2024 2023 Sundry Debtors 0 0
Note 18 Creditors/Liabilities falling due within one year
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Sundry Trade Creditors | 0 | 0 | |||
| Mortgage Capital repayments | 3994 | 4008 | |||
| Payment received in advance | 0 | 0 | |||
| Total | 3994 | 4008 | |||
| Note 19 Long Term Liabilites (Unrestricted) - Mortgage | |||||
| 2024 | 2023 | ||||
| Mortgage Provider | Kingdom | Kingdom | |||
| Bank | Bank | ||||
| Remaining term | 3yrs 7mths | ||||
| Amount outstanding | 3746 | ||||
| Current Interest rate | 7.50% | ||||
| 2024 | 2023 | ||||
| Note 20 Average number of Employees | 1 | 1 | |||
| Note 21 Individual gif(s) paid | in excess of £1000 | ||||
| 2024 | 2023 |
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 2024
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 audit r
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission
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 acco
Elizabeth Ruffle Trading as Trinity Accounting Services
24 St. Mary's Close Mildenhall Suffolk IP28 7QY
Date: 29th September 2025
The notes form an integral part of these accounts.
Page 1
requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to stat
ners. An examination includes a review of the accounting records kept by the charity and a comparison of th
ounts to be reached.
te, on the basis of procedures specified in the General directions given by the Charity Commissioners under s
e accounts presented with those records. It also includes consideration of any unusual items or disclosures i
section 43 (7) (b) of the Act, whether particular matters have come to my attention.
in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedure
es undertaken do not provide all the evidence that would be required in an audit, and consequently I do not
express an audit opinion on the view given by the accounts.