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2024-03-31-accounts

CHARITY NUMBER: 1075473

LIFE CHANGERS CHURCH

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

LIFE CHANGERS CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024

Page
Charity Information 1
Report of the Trustees 2
Report of the Independent Examiner 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9

LIFE CHANGERS CHURCH CHARITY INFORMATION FOR THE YEAR ENDED 31st MARCH 2024

TRUSTEES: P Hills
S Maughan
K Maughan
CHARITY NUMBER: 1075473
ADDRESS: Unit 5
Clayfields Estate
Off Tickhill Road
Balby
DONCASTER
South Yorkshire
DN4 8QG
INDEPENDENT EXAMINER Miss Jodie Whinfrey, FCCA
Whinfrey Briggs Limited
Unit 33 Century Business Centre
Century Business Park
Manvers
Rotherham
S63 5DA

Page 1

LIFE CHANGERS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024

The trustees present their report and financial statements for the year ended 31st March 2024.

Structure

The charity was established as a Trust on 05th March 1999.

The charity operates from our premises: Life Changers Church, Miracle Centre, Unit 5, Clayfields Estate, Off Tickhill Road, Balby, Doncaster, South Yorkshire, DN4 8QG.

Trustees

The trustees who served during the year were:

P Hills S Maughan K Maughan

The charity's policy regarding the selection of Trustees is to be nominated by an existing trustee for serving and helping within the charity for an extended period. The other trustees then vote and then a majority agreement is required.

Principle Objectives

The objective of the charity is to be a charity of excellence. We conduct various Christian services, where we preach and teach the gospel of Jesus Christ, and by words and deeds we reveal the love of Jesus Christ, so promoting the spiritual and moral improvement of mankind. We also maintain our long term aim of establishing Christian schools here in Doncaster.

Review of the Year

2023/2024 has yet again been another great year of growth in many areas for the Charity. We have continued to grow and expand in the number of regular attenders at our Sunday Celebration meetings. Including new many new first time visitors who have have then become long term attenders, which is always encouraging. Showing that our outreach stratergies and Welcome Team and Pastoral Care support is working. So yet again we want to start by putting it on record our immense thanks to the staff, trustees and all our committed volunteers for the way they continued to help us run the Charity/Church during the past year. We have continued to meet the needs of people here in Doncaster that want a true 'Word of Faith Church'. We have returned to our main focus of in person meetings, while still continuing to provide and improve further our "online" offering of services/meetings, for all those who still chose to join us online. The vast majority of our meetings last year were broadcast LIVE on our Facebook Page. Having an online presence continues to provide a new to get the Charity and Church known to more/new people, in an increasing online world. People who other wise may never have stepped inside a Church building. We know that a lot of our new weekly attenders first started watching us online, before then visiting us in person. So continuing to do Church in this hybrid way, (in person and online) has been beneficial for the charity. This has really helped us to keep growing and reach out to even more new people! Continuing to develop our 'online' offering further remains a huge 'work in progress' for us, our goal remains to further improve our filming and video editing as we go forward. As well as broadcasting on other networks as well as just Facebook. Last year we vastly improved our online activities in other areas - including on our website, our YouTube channel and also our existing social media (Facebook and Instagram etc). We continued deliberately to be active on social media most days, with encouraging messages and reminders of upcoming meetings. This has been another big step up for us again this year, coming from staff/volunteers with very limited media background, but we know that we have to continue to reach and help to support them in the online world as well. Not only here in Doncaster, but we have been able to reach people right around the world and we still now have regular viewers from a far a field as Australia, USA and Africa. We have also continued to have more people regularly interact with us on social media as well as also watching our online services. With our followers online growing quickly over the last year and we have climbed up the rankings of Churches within Doncaster.

Our weekly 'IGNITE' Believers prayer meetings have continued to generate lots of prayer requests with people contacting us each week. Our aim remains for the Charity to be here to help our Church family but also to be a voice of hope to our wider community in a practical way. So many people are fearful of so many things and and they want us to stand with them in prayer. So we have continued to advertise all of our services and how people can contact us, especially with any prayer requests they may have. Our plans remain for our online meetings to continue, to enable us to reach even more new people that we can help. Especially those not in Doncaster but around the UK and the world. So we our proud that our hybrid approach meant that last year we were able to keep growing numerically (and also financially). Last year we also held another 'Water Baptism' service where several more people were water baptised. We also held several invited "Special Guest Sundays", where we held meetings/services with a visiting speaker coming up to Doncaster from London. Our special guest events were free events and were highlights for the Church from last year. We remain committed to making our Church a full part of the local community. We demonstrated this in many ways, for example by holding a FREE family fun day, with a children's bouncy castle and family games etc. This was a well attended event by our Church members and also members of the local community. We want the benefits of a thriving local Church to flow out from us into our City. As the Bible teaches us firstly to reach out into 'our' Jerusalem - our local community of Balby and then out into our City of Doncaster. Then, as our sphere of influence continues to increase, we want to be able to go onto effect the other "DN" (Doncaster) postcodes and then further afield into Yorkshire and eventually the rest of the UK and even further afield around the world.

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LIFE CHANGERS CHURCH REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 31st MARCH 2024

It is our strong desire to promote the whole mission of the "Church" including evangelistic, pastoral care and the social well being of people. To this end our services and our worship put our faith into practice through various means. For example, as mentioned through prayer - we are open to all, for prayer requests and regularly (each week as we receive requests from the public - from people here in Doncaster, from other areas of the UK and even from abroad) we pray for the sick and the needy during our weekly corporate prayer meetings. We know that so many people in our City have various health, or financial issues and we know that prayer works. Throughout the year we received testimonies of answers to our prayers. So we continued to advertise and actively encourage people to approach us with their prayer requests for their spiritual and physical needs. We continue to have numerous channels for people to contact us in different ways. For example through our Church telephone number, Email, our Church Web Site, or through social media, such as our Facebook Page, on X (formally Twitter) or via our Instagram. This year again, we have continued to dramatically increase the number of followers and the number of people who like the Charity on Facebook/Social Media. A further example of trying to help people is through a strong use of Bible scripture, our aim is to act and live out what the Bible teaches and to see people grow as they walk in Godly knowledge and wisdom. To achieve this we continue to have practical weekly Bible Teachings last year (both online and in person). Where people can join us in person, or even just watch online at home and still learn and grow in their Christianity. We remain committed to build people up and help people reach their full potential in life and become true disciples of Jesus Christ. Our Bible Teachings try to focus on very practical issues, that we know people need help with, such as finances, employment and relationships etc. We also aim to make all of our meetings - including our Praise and Worship, relevant and engaging for all, through the use of modern music and lively new songs. This year we have continued to build up and expand further our Praise and Worship band/team. With our Praise & Worship continuing to be LIVE, rather than relying on CD's/recorded music as we did in the past. We aim to keep our Praise and Worship family orientated with a modern and lively style, which appeals to most people. This continues to help us engage and encourage our "Overcomers" (our young children in Church aged 3 up to School year 6) and our "LCC Youth" (our teenagers from School Year 6 up to aged 16). Our Children's and Youth Meetings are all face-to-face / in person and continue to be held EVERY Sunday. Our LCC Youth especially have continued to expanded/grow over the last 12 months. Last year we ran out of space within our physical Church building for our LCC Youth and so we took the decision to actually hire their own youth room in one of the building on the Clayfield Estate. We also continue to use an audio visual system in the Church building and strive to make the best use of multi media whenever we can, to get our message across, and to be as relevant to as wide an audience as possible. Last year we continued to use our dedicated baby/toddler room for all the babies/children under three, to help support these families who attend further. In our 'Baby room' we continue to broadcast our meetings on the TV so that parents can still watch/hear the services while in the baby room, so that they are not missing out on the meeting and our teachings. We always actively look for ways to help people from the local community and be a blessing to our local community. As being a blessing and helping people, putting others first, is the DNA of this charity. Evidence of this was by our "Christmas Appeal". We raised funds from our Church members for 'Divine Favour Ministries' (DFM) which is a Christian Charity in Uganda, Africa. DFM is a Charity that the Church now regularly supports to help them with finance to help the orphanage. DMF offers food, shelter and an education for many children in need. The money which the charity raised helped to buy mattresses and blankets, so that the Children could have a good nights sleep, not just at Christmas, but all year round. We think we see poverty here in the UK, but in Uganda these children have literally nothing and they live from meal to meal. The Church was so generous in it's giving to enable us to help them. It was a joy and blessing to be able to make a difference in the lives of these children. We even decided to raise money to fund buying them some of their own permanent land to live on. The long term plan is now to raise further funds to be able to buy them a permanent brick house. Rather than the run down, mud hut that they currently live in. Due to their extreme weather and rainy season they are always having to repair the walls and roof. So the first steps the Church has been able to make is to buy them their own permanent land to live on for now, so that they no longer have the worry of having enough money to pay rental costs.

We ourselves continue to benefit from the fact that we now own our Church building and so are continuing to save on annual rent payments. Also, having our own permanent local premises means we are able to continue to hold regular weekly meetings (often up to 4 meetings a week). Having so many different meetings enables us to continually try and reach out to more people and new demographics. For example having our "Overcomers" Children's meetings for those aged 3-11 years old, our "Adored" Women's Meetings, our "Band of Brothers" Men's Meetings, our "LCC Youth" Meetings for those aged 11-16 years old, or our "Timeless" meetings for those aged over 50 years old. This year we actually re-launched our daytime Timeless meetings, bringing down the age from over 60's to include all those who have had 50 or more birthdays. Our plan is to continue to grow and build up our Timeless Ministry further. As we really want to continue to help the elderly and people who live alone, to provide them with the opportunity for extra fellowship and relevant meetings just for them. The plan remains to always try to reach out to as many different people as we can, with our existing resources. Our ladies have continued to meet in person with their fortnightly meetings called "Women of Worth" (WOW) which has been a great way that we have been able to grow and reach out to more and different women this year. The purpose of our "WOW" meetings are also to disciple and help the ladies grow and develop in their relationship with God. For over 'Overcomers' (Children) at Halloween, we also held a FREE 'Light Party'. As well as a Christmas party, all of which were FREE for all children to attend. Also, last year we ran our thriving "Eden" Coffee shop, which was open after all of our meetings. Open to everyone to have some (heavily subsidised) refreshments and some fellowship with us, which continues to be a great help to us in reaching more people and deepening relationships/friendships further. We also still have a small dedicated number of people who join us for Church online only, including those not actually living in Doncaster. So again last year, was another great year of growth for the Church. We have continued to see great growth in BOTH our 'Overcomers' Children's Church and our 'LCC Youth' this year, with many families and also single parent's join us both 'in person' and online. Our desire remains to equip and disciple our current congregation further, providing even more teachings and wisdom, to empower them through the teaching of life skills, (which sadly so many in our community desperately need). Providing great pastoral care to everyone in the Church is always at the heart of everything we do, this again was a big focus for us last year, as we continued to improve the work we do via our dedicated Pastoral Care team. This provides support and friendship and an informal ear for a chat, always being there to offer our help and advice. So in many ways last year was again a big success for us with our multiple weekly meetings and offering support to people here in the Church and to our local community here in Balby and across the Doncaster postcodes.

Being a Church located in a highly deprived area in our City we know only too well that people need help and support and guidance with various life events. So to help our congregation and the local community at large, we continued to offer free help and counselling to people. Along side our Pastoral Care team our Pastors were also always there to help people. Everyone was able to book a private appointment with our Pastors /Pastoral care team to gain the advice and support that they desired. This is always widely advertised within the Church, on our website and via our various social media channels. We have continued to try and build up and improve further our Church YouTube channel last year. YouTube has also been another tool we have used to try to reach out to new and different kinds of people. We also hold specific monthly prayer meetings (on the last week of the month) where we pray specifically for (Doncaster) our city, it's Council and it's people, in fact we cover the whole of the "DN Postcodes" in our prayers. In everything we do, we always try to put the people of our community and our city first. We have continued to try and expand our outreach ministries again last year, where ever we could through special events at our building. All of our events have been free or heavily subsidised and were advertised and open to all in the local community to join us. Another major financial achievement of last year has been, that we were again able to maintain the hours of our employed staff. We have employed four members of staff throughout most of the year. With BOTH of our Pastors - Pastor Philip and Pastor Janet Hills being employed by the Charity full-time. Last year we were again able to slightly increase the Pastors wages, as being able to continue to employ them both full-time makes the day to day running of the Charity so much easier, as they are able to work and concentrate solely on the charity. It continues to give them the freedom to dedicate all of their time and energy to help us move forward with a renewed vision, energy and excitement. Our part-time paid staff, did actually reduce during the year (the one that was in our praise and worship team saly left and moved on from the Church). We also continued to pay some someone part-time (10 hours per week) to help the Charity out with general admin duties and to help cover our social media, which has really helped benefit the charity. Our goal remains that (in the next financial year) we are in a position to increase the parttime hours or employ other staff in the future as we grow and as soon as our finances practically allow us too. But definitely by having both of our Pastors employed full time and also part-time admin staff this really enables the Charity to grow further and to reach out to even more people in our community. Our Pastors continue to come and be at our Church building regularly and they have the time to plan for the Charity's future and put actions in place. This enables us to grow and improve things even further for the benefit of our local community. So employed staff remains a huge asset to the charity.

Page 3

LIFE CHANGERS CHURCH REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 31st MARCH 2024

Last year we again continued to build on our successful weekly Bible Teachings, where we teach people relevant life skills that local people in our local community really need - subjects taught included finances and about workng and jobs and relationships etc. These are areas that we feel really benefit people in their daily lives. So it is not just giving people spiritual food, but also the practical knowledge and skills they can put into action in their daily lives as well. Our aim is always to give people in the community the practical and relevant skills to lead a better life. Last year we continued to encourage other new people from within the Church to step up and train to deliver Bible Teachings, as well as our Senior Pastors. It is always good for people to "see and hear" different people and guest speakers. So we continue to try to encourage and build people up from within the Church. The congregation also enjoys hearing various different people speak and teach on different subjects, in addition to our two Pastors. When planning our activities for the year ahead we carefully consider the Charity Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion.

From our two Pastors, our trustees, leadership team and our Pastoral Care team we always aim to provide a great level of pastoral care to everyone in the local community. We openly advertise our contact details and welcome all requests for prayer, or practical help. As well as by telephone, Email and our Church web site, in this modern age we continue to expand our use of social media, such as our growing Facebook Page and even X (formerly Twitter) and on Instagram as well as YouTube too. We also still continue to make use of 'WhatsApp' groups as a way of communicating with people within the Church. With the aim of reaching out further in a relevant way to even more people in the local community and further afield, we remain really proud of our Facebook Page which has continued to dramatically grow in followers/likes throughout last year. Many different and new people now regularly post/comment in our Social Media with various requests for help and prayer. To encourage people to join us at our events and meetings we always widely advertise them on our website and in our social media channels. In addition we also offer free transportation to people to get to our meetings and events and many of the people who join us at Church we collect and take home each week, as a free service to help the people in our city.

As a Church we also continue to look for opportunities to support Missionary Work, an example being through our relationship with Gerard Van Der Vegt who runs "Good Shepherd Homes" which is a Christian rescue charity providing homes for homeless children in India. As well as "Divine Favour Ministries" (DFM) the Orphanage in Uganda that we continued to help and support last year. We also sent some of our tithe money to bless and support various Christian ministries abroad last year. As well as abroad, we are always keen to reach out to our local community here in Doncaster, whenever we can, especially at Christmas and Easter times etc. As a tithing Church we are committed to tithe (give away) 10% of our Charity income to support BOTH individuals in need and other Ministries in the UK and around the world, as we are led by the Lord to give.

It is our aim to continue to provide our various meetings and offer the support which the community finds both beneficial and spiritually fulfilling. As already mentioned, attendance at our weekly Sunday morning Celebration Service has again increased further this year. We also continue to have certain meetings on regular set Sundays or days of the week (e.g. first, or last Sunday of the month etc) which people welcome and find beneficial. We spend a great deal of time and put a lot of thought and effort into our various services making sure that they are relevant to people's needs.

Easter, Christmas and the New Year were again very busy periods for us last year. We organised additional special meetings at these busy/popular times, specifically aimed at reaching out to our local community. With our special Christmas Carol Service again a highlight of the year for us, where we put on a free refreshments/food after the meeting. Plus, we also held a special Christmas treat for BOTH our "Overcomers" our Children's Church, those aged 3-11 years old and our 'LCC Youth, for those aged 11-16 years old. These events were advertised and open to all in the local area to join us. As a Charity we firmly believe that we are "blessed to be a blessing" so Christmas was a very busy time of the year for us in terms of trying to reach out to people in need in our local community. Christmas time is a great joy for us when we can make a difference to people and bless them with gifts, but also share the love of Jesus with them and letting people know that we are here for them and care about them. We reached out and blessed many people with gifts. We again reached out with gifts to many of the other local businesses on the Clayfields Industrial Estate where the Church is based. Helping us to continue to build good will and great local relations with people and businesses. As this is so important to us as a charity.

As a Church we have an outreach initiative called "hapnin". The aims of which are: To connect with everyone (including non-Christians) in a way that’s relevant to them. To reach our local community and grow Life Changers Church as a modern and relevant Church. To spend quality time together as a Church family, getting to know each other on a deeper level. To promote the benefits of a balanced, fun-filled life. To help people Integrate into our Church and grow and to make the most of events, places, activities and venues in and around Doncaster. Last year our "hapnins" were limited, but we do hope to arrange a lot more "hapnin" activities next year.

The Church also has a Ministry called "Adored" which holds regular meetings and special events for ladies. Dealing with relevant topics and issues for the modern woman. At these special meetings we have praise and worship and relevant practical teaching. We also hold other fun events with free refreshments and activities. Our "Adored" meetings are really popular and are very successful, with several new ladies from outside of the Church joining us. We see this as a great way of reaching out to more women from Doncaster and our local area. Again we hope to expand Adored further again next year.

Building on the success of our "Adored" Ladies Ministry, we also have our Men's Ministry, called "Band of Brothers". This is a Ministry open to all of the men in our city. We held various men's meetings, with speakers and various fun events, including FREE food. Just like the ladies meetings our Men's meetings are a great way of growing and reaching out to new men in our community, who may not normally think about coming initially to a Church service. Again we hope to continue with more Band of Brothers meetings next year.

Last year, in addition to our regular weekly services, we hosted guest speakers and another Water Baptism service. As our congregation grows we plan to have more water baptisms services next year using our very own baptismal tank. As a local church it is always our aim to provide the services that the local community and our Church congregation requires. Last year we again continued to invest a lot of time and effort in keeping our Church web site up to date as the main method for people to keep in touch with us and find out more about our online events etc and we are proud of the look and the content of the site and we know that a lot of people find us and visit us for the first time after visiting our web site. Another major focus of last year both was in developing and trying to expand further our live Praise and Worship Team. We continue to musicians incuding drummers, a guitarist, keyboard players and a conga (drum) player. We continue to play live music with our team of singers every Sunday and this year they have continued to gel together as a team and continued to improve. So we are really pleased with how our Praise and Worship developed and improved further last year. Our guitarist/keyboard player actually left the Church to move onto new pastures last year and so we started building the team with a new voluntary praise and worship leader and things have gone really well to date. The Church really enjoys and responds well to our live praise and worship, rather than just singing to a CD, like we previously used to. The plan still remains (where finances allow) to continue to improve the Church building further next year. As the Church continues to grow in number we are now beginning to run out of space, last year we continued with our "Building Fund2" appeal to raise further funds to enable us to buy a new bigger building. This is why the Church is continuing to raise and hold money towards our new building appeal. We have realised that we now need more room than just having a Church extension built (as we were previously considering). So to give us the extra room that we now need, we are actively looking to buy new land/a new Church building, ideally on the existing Clayfields Industrial Estate. As we would not want to move too far away from our existing location here in Balby. So we are no longer actively persuing the planning permission that had already been granted to us. So we are now still in the process of looking at and considering our options, regarding obtaining a larger Church property/building. So we will continue with raising funds through our "Building Fund2" appeal and use these donated funds to buy a new/bigger Church building.

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LIFE CHANGERS CHURCH REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 31st MARCH 2024

Finally, we express our thanks to our staff, but most importantly to our volunteers who work so hard to make our Church the lively and vibrant community that it is. We especially thank everyone for helping us deal with our rapid and continued growth.

Reserves Policy

It is the Church's policy to maintain a balance on unrestricted funds (if possible) of at least £10,000. Now that we have paid for the Church building in full, we no longer need to keep a reserve as high as £20,000 for the annual payments we had to buy our Church building. Restricted funds are in relation to special offerings and these are then immediately distributed accordingly upon the end of the collection period. Therefore restricted funds are generally at a zero balance at any given point.

Future Prospects

We still also have plans to continue to physically improve/update our existing Church building further next year. We want to continue to build on the many great achievements of last year, for example our continued success in doing Church LIVE online. We are now already planning for many more events for next year, ranging from more Water Baptism services to more 'Overcomers' and 'LCC Youth' meetings. We also have plans to hold more 'Adored' Women's meetings, 'Band of Brothers' Men's meetings and to continue building up our 'Timeless' meetings for the over 50's. We would also like to host an annual Church conference next year, and have more invited special guest weekends/speakers throughout the year. We would also like to continue working with Doncaster Council and/or others to reach out even further to the people and children in need here in our City. We intend to grow further and we plan to keep working on maintaining/improving our Church web site, as well as continuing to use our social media channels to increase our "followers" on our Church Facebook Page. Where funds allow, our long term plans continue to include looking at possibly purchasing some more digital cameras to enable us to record our meetings in a more professional way and try to get on Christian television. Also, the long term goal is to be able to employ more staff to work for the Charity. We also want next year to keep developing our new Praise and Worship team further, adding more musicians and instruments to the team - believing for a male vocalist etc. We also want to help grow and develop further the young Children and Youth in the Church. We want to continue to offer the Church and the local community the help and support that people need through the counselling/practical advice that our pastoral team now offers. We also want to have more "hapnin" events (with "hapnin" being the outreach initiative of the Church) and more inviting opportunities next year. So that we can reach out to new people even more and grow the congregation and the charity even further. We want to help new people connect with us and feel at home, so we still have plans to further improve our welcome team and the welcome/new to Church experience even further. The greatest desire of all though, is to continue to reach out with love and to be able to help our local community and the people of Doncaster and the DN Postcodes and to grow the Church further in all areas next year.

Signed on behalf of the Trustees

P Hills Chair of the Trustees Date: 14 November 2024

Page 5

LIFE CHANGERS CHURCH REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31st MARCH 2024

I report on the accounts of the charity for the year ended 31st March 2024, which are set out on pages 7 to 10.

Respective responsibilities of the 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(2) of the Charities Act 2011 (the Act) and that an Independent Examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the 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 explanation from you as 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 matter has come to my attention:

or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Miss Jodie Whinfrey, FCCA Whinfrey Briggs Limited Unit 33 Century Business Centre Century Business Park Manvers Rotherham S63 5DA

Date: 15 November 2024

Page 6

LIFE CHANGERS CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2024

Notes Unrestricted
Restricted
2024
£
£
£
INCOMING RESOURCES
Donations
2
184,368
-
184,368
Investment Income
2,814
-
2,814
Charitable Trading
3,010
-
3,010
190,192
-
190,192
RESOURCES EXPENDED
Direct Charitable Expenditure:
Tithes
18,902
-
18,902
Ladies Events
821
-
821
Men's Events
417
-
417
Children & Youth
1,363
-
1,363
Conference
-
-
-
Christmas & New Year
3,988
-
3,988
Other Events
120
-
120
Outreach
-
-
-
Charitable Trading
1,621
-
1,621
Sound/Media Costs
639
-
639
Licences
1,458
-
1,458
Gifts to Ministers
900
-
900
Wages & Salaries
3
28,800
-
28,800
Premises Costs
Rent
3,602
-
3,602
Water Rates
334
-
334
General Rates
110
-
110
Heat & Light
3,034
-
3,034
Insurance
687
-
687
Cleaning
3,543
-
3,543
Gardening costs
-
-
-
Repairs
834
-
834
Administration costs
Postage, Stationery & Advertising
200
-
200
Telephone & Internet
660
-
660
Depreciation
7,234
-
7,234
Profit on disposal of Assets
-
-
Motor & Travelling
126
-
126
Sundry
384
-
384
Bank Charges
59
-
59
Team Bonding/Training
-
-
-
Legal Fees
131
131
79,969
-
79,969
NET SURPLUS/(DEFICIT)
110,223
-
110,223
Balance of funds brought forward
428,459
-
428,459
Balance carried forward
538,682
-
538,682		 2023
£
178,123
300
4,036
182,458
16,607
817
371
126
3,769
2,599
850
1,612
1,883
453
901
2,830
29,850
-
323
-
2,869
631
2,878
2
1,330
29
624
7,205
(50)
-
75
127
85
2,509
81,307
101,151
327,308
428,459

Page 7

LIFE CHANGERS CHURCH BALANCE SHEET FOR THE YEAR ENDED 31st MARCH 2024

Note
Fixed Assets
4
Current Assets
Stock
Debtors
5
Bank & Cash
Creditors - Within 1 Year
6
Current Assets
Creditors - After 1 Year
Surplus Funds
B/Fwd
7
In Year
7		 £
£
192,061
320
8,373
346,281
354,974
547,036
8,353
538,682
-
538,682
428,459
110,223
538,681
2024		 £
£
199,060
320
27,397
209,674
237,390
436,450
7,991
428,459
-
428,459
327,308
101,151
428,459
2023		 £
£
199,060
320
27,397
209,674
237,390
436,450
7,991
428,459
-
428,459
327,308
101,151
428,459
2023
436,450
7,991
428,459
-
428,459
327,308
101,151
428,459

The Financial statements were approved by the Trustees on: 14th November 2024

P Hills S Maughan K Maughan

Page 8

LIFE CHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Charities Accounting Standards and the Statement of Recommended Practice (SORP 2005).

Income

All income is treated as unrestricted income, unless the donor has placed restrictions on the manner in which donation or grant may be spend, in which case it is treated as restricted income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements - 10% and 20% on cost Fixture and fittings - 10% and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2
DONATIONS
Tithes & Offerings
Gift Aid
Give as You Live/Other income
3
STAFF COSTS
Wages & Salaries
Social Security		 2024
152,560
31,673
135
184,368
2024
28,800
-
28,800		 2023
151,944
25,904
275
178,123
2023
29,850
-
29,850

Remuneration paid to the trustees during the year was £9,000 (2023: £9,000). On average there were 4 employees during the year (2023: 4).

Page 9

LIFE CHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31st MARCH 2024

4 TANGIBLE FIXED ASSETS

Property
COST
At 1st April 2023
170,000
Additions
-
Disposals
-
At 31st March 2024
170,000
DEPRECIATION
At 1st April 2023
-
Charge for year
-
Disposal depreciation
-
At 31st March 2024
-
NET BOOK VALUE
At 31st March 2024
170,000
At 31st March 2023
170,000
5
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Gift Aid Recoverable
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
7
RESERVES
Unrestricted
£
At 1st April 2023
428,459
Surplus/(Deficit) for the year
110,223
At 31st March 2024
538,683		 Fixtures and
fittings
£
57,556
235
-
57,791
28,496
7,234
-
35,730
22,061
29,060
2024
£
766
7,607
8,373
2024
£
8,353
8,353
Restricted
£
-
-
-		 Totals
£
227,556
235
-
227,791
28,496
7,234
-
35,730
192,061
199,060
2023
£
807
26,589
27,397
2023
£
7,991
7,991
Total
£
428,459
110,223
538,683

Page 10