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2021-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

VISION FOR LIFE TRUST

CHARITY REGISTRATION No: 1105286

Independent Examiners Ltd

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

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VISION FOR LIFE TRUST
CONTENTS
Page 3 Legal and Administrative Information
Page 4 Independent Examiner's Report to the Trustees
Pages 5 to 8 Trustees' Report
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 to 16 Notes to the Financial Statements
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2

VISION FOR LIFE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

WORKING NAMES Destiny Church CHARITY NUMBER 1105286 START OF FINANCIAL YEAR 1st January 2021 END OF FINANCIAL YEAR 31st December 2021 TRUSTEES AT 31ST DECEMBER 2021 Michael John Radcliffe (Lead Pastor) Shawn Skellon (Executive Leader) Barnaby Kirk (Executive Leader)

The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.

LEGAL STATUS Unincorporated Charity

GOVERNING INSTRUMENT Constitution Adopted 17th February 2004 as Amended 13th July 2004.

OBJECTS The advancement of the Christian Faith.

CORRESPONDENCE ADDRESS Destiny Christian Centre P O Box 386 Weston Super Mare Somerset BS22 7ZR PRIMARY BANKERS Lloyds Bank Plc 2 South Parade Weston-Super-Mare Somerset BS23 1JL HSBC Bank Plc 30 High Street Weston-Super-Mare Somerset BS23 1JE INDEPENDENT EXAMINER Keith Richards Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

3

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Vision for Life Trust on the accounts for the year ended 31st December 2021 set out on pages 9 to 16.

Respective responsibilities of 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 explanations from the 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

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

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

Keith Richards

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

Date: 27th October, 2022

4

VISION FOR LIFE TRUST

TRUSTEES REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2021

1. Reference and Administration Details of the Charity, its Trustees and Advisors

The Charity is registered as Vision for Life Trust under the registration no. 1105286. The registered address is PO BOX 386, Weston-Super-Mare, Somerset BS22 7ZR.

The Trustees are:

Michael Radcliffe (Lead Pastor) Shawn Skellon (Executive Leader) Barnaby Kirk (Executive Leader)

The charities bankers are

HSBC, Weston-Super-Mare Lloyds TSB, Weston-Super-Mare

Independent Examiners are the appointed examiners for the charity.

2. Structure, Governance and Management

The Governing document is the Constitution and Rules which was approved by the AGM in 2005. The charity is managed and operates under the governance of the Trustees which formulates policy and strategy in accordance with the agreed Charity objectives. Trustees are appointed for particular roles taking account of experience, qualification and skills. Day to day management is the responsibility of the Executive Leadership Team led by Lead Pastor, Mike Radcliffe. The trustees have delegated aspects of decision making to the Executive Leadership Team and Team Leadership, whilst maintaining the responsibility for major strategic and financial decisions.

3. Objectives and Activities

The objects of the Charity are to advance the Christian faith with the Basis of Faith by:-

· Also, to relieve sickness and financial hardship and preserve good health by the provision of funds, goods or services of any kind, including through the provision and counselling and support in such parts of the United Kingdom or the world as the trustees may from time to time see fit.

The main aim of the charity is to provide opportunities for Christian, teaching, fellowship and evangelism through Sunday and midweek meetings. Special events supplement these meetings with a conference held annually. Visiting speakers from both inside and outside of the UK are invited to partake in these events. Alongside this National and International charities are supported through events such as CAP (Christians Against Poverty) Compassion Sunday, Operation Samaritans Purse, A21 Sunday and the Destiny Foundation.

5

VISION FOR LIFE TRUST

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

4. Achievements and Performance

The Trustees are satisfied that the set objectives were substantially achieved even with the impact of Covid and lockdown: -

· Through the holding of a varied programme of events and meetings throughout the year including, Sunday services, Mid-week Connect meetings, specific meetings for Men and Women (She and Man UP), visiting speakers and alternative events such as Connect Costa and Saturday and Sunday Chill Outs at local places for people to meet. Due to the pandemic and restrictions we continued to develop our use of online platforms which allowed us to continue to reach people and stay in contact with the members of the church. This allowed us to support in many ways especially those who were vulnerable or on their own via Zoom, Facebook and YouTube. There was spiritual and social input at all events. As the year moved on and the restrictions lifted these meetings were able to take place in person in a venue under Government guidance.

· Through the continuation of online youth events to give young people somewhere to connect with others and share their feelings in a safe and supportive environment. There was a spiritual and social input at all events.

· Through running events to support and raise the profile of Christian charities which support people both in the UK and abroad. At the beginning of the year these remained online and we were able to have events which highlighted issues in the Philippines linked into the pandemic and its related effects on communities. As the restrictions were lifted we were able to put on events (under Government guidance) to further support charitable work around the world and in the UK.

· Through the broadcasting via internet and social media of celebrations and events to an audience worldwide. We have also been able to update and add equipment to our media and creative ministries departments which has allowed us to improve the quality and effectiveness of what we produce.

· Through the supporting via finances and resources (building materials to the Philippines, food and medical supplies to India) of various charitable organisations (Eg Compassion, A21, local women’s shelters, Operation Samaritans Purse, CAP)

· Through sharing fellowship and worship with local community groups (e.g. working with local organisations at Christmas, support for local women’s refuge). Through this work we were able to meet with others and allow them to share how they were feeling and their hopes and fears

· The Angels Wings initiative (which has provided food support to those highlighted by various local organisations (e.g. CAB, Weston College, Food Bank) as in desperate need, continued to work during lockdown supporting organisations to feed local people in need and help to deliver medicine. This continues to expand and is regularly contacted by numerous local organisations to support those in desperate need. Angels Wings was invited again to participate via a stall at the HE Fresher’s Fayre at University College Weston, liaising with students and offering support. Alongside this, students at both Weston College and University Centre Weston have benefitted from Angels Wings food parcels and being able to talk to those who deliver them.

· Angels wings have also continued to support those who have linked into the CAP debt support we now have up and running. This remains an integral part in supporting people who have no food and are looking for support to change their circumstances. This year the impact of our help in the community was curtailed slightly due to the restrictions in place. However, we were still able to provide large numbers of Angels wings parcels for people in this area and we continue to work with the local foodbank and Allied Homes to help those struggling.

· Through the continued building of links with other Churches and charities via CLIF meetings which continued through lockdown online before moving back to face to face meetings by the end of the year and the organisation of online events aimed to impact the town and communities we live and work in.

· We have further developed our own youth work and online met monthly with a growing number of secondary school age children attending. This was an invaluable resource for this group who were able to share their concerns and fears whilst also having fun. We received lots of positive feedback from parents for the time, effort and support put into this resource. Alongside this, we continued to use other social media platforms and IT opportunities to keep in contact with members and support them when and where needed.

6

VISION FOR LIFE TRUST

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

4. Achievements and Performance (continued)

· Through the making of gifts and donations to those in Christian service and charitable organisations through offerings and gifts made by members attending meetings and events.

· Through the weekly updating of the website and the sharing of life changing messages through various mediums on this site not only to the UK but across the World. Throughout lockdown we were able to maintain weekly services online and added devotions and other encouraging posts during the week.

5. Financial Review

At this point in time the charity remain debt free with no overdraft facilities in place. We continue to have no fixed assets and have our own potable equipment which allows us to set up quickly where possible in different venues.

Paul Larcombe remains CAP centre manager and is paid by the organisation.

6. Review of the CAP centre

The Charity will continue to formulate and implement strategies that will achieve the agreed objectives.

We remain the lead church in Weston-Super-Mare and the surrounding area for CAP (Christians Against Poverty) and its work with local people began in June 2016. Paul Larcombe was appointed as Centre Manager.

This role continues to link 13 churches together in funding the CAP centre which we oversee in partnership with the main CAP Head Office.

The charity will continue to formulate and implement strategies that will achieve the agreed objectives.

We remain the lead church in Weston-Super-Mare and the surrounding area for CAP (Christians Against Poverty). The Weston Area CAP Centre, which works with local people, began in June 2016. Paul Larcombe was appointed as Centre Manager. The work has been scaled up by 50% since starting, with a volunteer Debt Coach, Caroline Williams, also visiting clients.

Around 18 churches fund the Weston Area CAP Centre, which we oversee in partnership with the main CAP Head office. Twelve churches give regularly, whereas other churches make annual donations. A number of individuals also give regularly for which we are also grateful.

During the year ending December 31st 2021, the Weston Area CAP Centre was involved directly in working with clients. During the first part of the report period, the Covid-19 pandemic continued. Initially, all face-to-face visits had been stopped.

However, CAP responded very well to these unprecedented circumstances and enabled phone and video appointments to be conducted, ensuring that people were still able to be helped and to become debt free. There have been 100 New Client Enquiries to date, and 26 clients are now debt-free! A further 8 are on a CAP debt management plan with a view to becoming debt-free when all their debts have been paid off.

Additionally, a number of people who became clients found a solution to their debt during the visit process. Paul and Caroline continue to work with many clients and there is often a waiting list of people who have enquired for help in the area. This highlights the important role the Centre plays in the area.

Alongside this, Paul and the team have run CAP Money courses, where people have received coaching to help them to manage their finances better. This has also enabled other churches to run their own CAP Money Course. CAP Celebration events have been held to raise awareness, as well as CAP Awareness events. These help to raise the profile of the Centre and its work. Paul has spoken at many churches in the area in their services, speaking about the work of the CAP Centre and the continued need for it in Weston-Super-Mare and the surrounding area. Christmas and Easter hampers, assembled from generous food donations, have been presented. These have been well received by clients, who have been very appreciative.

7

VISION FOR UFE TRU TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31￿ DECEMBER 2021 Pla We contlnue to suprKrt the Y(￿nerabl￿ In St￿ vla the Wofk of CAP wre aDd ISIr￿ andafÈ conuwlng to t￿[￿j ￿ the YKJrk t￿lou￿Y (arrt￿ out town whlth ￿￿tinues tts tase the of the orgaDba￿0n. We contlnue to w(wk abngslde iher churthes In the town io creare Op[￿runftleS for all ro be suwxted In differErt ways. We are to deYek)p Outreoth ID the centre th1￿￿ our SwKkny ex[￿r￿rte to the have a&dy been at4e to use tt>E town ¥uarE SpB￿ In Wsm 10 carry out OUtrE￿ setvice4. We are atso lookSDg to widw our Allkd How5 •TrJ SuppL¥t ITh)te pewewlth fDLl parcds who are at thls Lock(knwn has shown us how well we are wulpred to O￿Trte online and we tontlnuing to at how ¥￿ can not only tlevelop tNs fatility txd also 5haTr our experienLYS other chutthes and rynlsaJoD5. By rhe of year we in tOuEh with Oiher churches In the knwn and supp)rtlng them Sn terns of M￿la and onllne ￿atforM$. The pandYMc ha5 been an to devgJLy h(rf￿ S￿115 v are now otye to Share wh other5 ty)Ih In and out of thethurrh. The charfty ¥￿11 conunue to tske Steps to ittwve rts effideKy INts3Ct In all It Cm￿02rtr￿ corrtherts aftd Suggests￿5 ofall Invdved in fvrthertng s Inwi Sn the l¢cal and whjer LKKTThunity. The Charlty conlntsts to a￿￿￿Se thrmh tys we￿e and othw mEdluiYts its atdvejy s¥Ot towatds wowlng Its membershlp. TFWtee5 Re5$w￿lb•ll1lSs The C7wftie5 Art 2011 rMuirÈ tr tsiste¢s to rKepare fin￿C￿lI siatemwts for each finand qi¥ts a true and fair of the ate of affairs of trust of the sUr￿luS of the lor that petiod. In those flnandal the ttustees are wulrtyyto.. Selert sultabie accounuw pclkle5 and thEm con51$1ently Make Judg8ments and estimate5 that are reasona￿e and tyudent . Prepare finanoal ststements on the ba515 Is Inapproprtat 10 that the trust will ￿tir￿e In eX￿te￿e. tlme the fi￿and￿ Dr the trust. ThDy are 0 rew)tiUE for safeguardlng the Jssets of the trL* and fDr taklng reaS￿ab￿ steps for the and detedlon ol fraud and other 1tregulèrtt￿S. Apmved by the Tru#eÉS ori..... 2022....................................................................__.... SIg[￿d ort thdr behalf by Trustee......-

VISION FOR LIFE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Charitable Activities
3b
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Charitable Activities
4b
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021
2020
£
£
£
£
£
68,144
-
-
68,144
67,454
1,336
-
21,830
23,166
20,541
69,480
-
21,830
91,310
87,995
63,403
-
23,095
86,498
83,706
2,249
-
-
2,249
2,227
65,652
-
23,095
88,747
85,933
3,828
-
(1,265)
2,563
2,062
8,922
-
12,826
21,748
19,687
12,750
-
11,561
24,311
21,748

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 11 to 16 form part of these financial statements.

9

VISION FOR LIFE TRUST BALANCE SHEET AS AT 31ST DECEM8ER 2021 UnrEs[rfc￿ D&wted R&ricttd Funds Funds Tot•1 Total 31-DK-21 31-Dec-20 Wote Tanolble 6,38Z 6.382 Current Assets Debt0￿ & Prepaymwts Cash at Bank and In H4￿j Yot•l Cywrent Assets 7,209 18.769 22,558 ss8 S6X Crediiors: wnow¢ts wtthln 840 810 one y&ir tIET CUWtRENT ASSErs 6.369 11.561 17.929 21,74 TOTAL ASSETS less Cfftnt lia1411tss Il7SO 11.S61 24.311 21.748 Cr¢dltors.' a￿uThts tslllng dL In ff*re thèn one y￿r io NET ASSEIS IL750 11,561 24,311 2L748 Funds ol Ith¢ Ctharlty Gener31 Funds Fund5 Re51n￿ Furx15 12,750 12,750 8.922 11,561 11,561 12.826 Total Funds 1I7SO LX.561 24.311 2&748 Apwoved by the Tr￿tee5 on on thdr behalf ty Tn&et...... io

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming resources are received largely by way of tithes, donations, offerings and contribution towards events and young peoples work.

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

11

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Pensions

Pension contributions are charged to the Statement of Financial Activities as they become payable.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Fixed Assets

These are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. The rates applied are as follows:

General Equipment
2. TANGIBLE FIXED ASSETS
Cost
01-Jan-21
Additions
Cost at
31-Dec-21
Depreciation
01-Jan-21
Charge
Depreciation at
31-Dec-21
Net Book Value
31-Dec-21
Net Book Value
31-Dec-20		 20% - Straight Line Basis
General
Restricted
Total
Equipment
Equipment
2021
£
£
£
-
-
-
7,977
-
-
7,977
-
-
-
-
-
1,595
-
1,595
1,595
-
1,595
6,382
-
6,382
-
-
-

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2021 : None

31st December 2020 : None

12

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

3. INCOMING RESOURCES

Note
a) Donations & Legacies
Gifts Tithes & Offerings
Gift Aid Tax Recovered
b) Charitable Activities
Christians Against Poverty
5
Sundry Income
4. RESOURCES EXPENDED
a) Cost of Charitable Activities
Activities & Events
Administrative Costs
Advertising & Publicity
Christians Against Poverty
5
Clothing Costs
Depreciation Expense
Equipment Ministry
Gifts & Donations
License & Subscriptions
Rent & Rates
Staff Costs
11
Sundry Expenses
`
b) Governance Costs
Bank Charges
Independent Examiner's Fee
Insurance Costs
Legal & Professional Fees		 Unrestricted Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021
2020
£
£
£
£
£
52,489
-
-
52,489
55,080
15,654
-
-
15,654
12,374
68,144
-
-
68,144
67,454
-
-
21,830
21,830
20,541
1,336
-
-
1,336
20,541
1,336
-
21,830
23,166
20,541
970
-
-
970
-
1,040
-
-
1,040
256
-
-
-
-
143
-
-
7,015
7,015
6,950
237
-
-
237
60
1,595
-
-
1,595
-
7,999
-
-
7,999
5,203
2,756
-
-
2,756
3,330
984
-
-
984
701
3,316
-
-
3,316
3,263
44,334
-
16,080
60,414
63,587
172
-
-
172
215
63,403
-
23,095
86,498
83,706
291
-
-
291
292
840
-
-
840
810
986
-
-
986
894
132
-
-
132
1,041
2,249
-
-
2,249
3,037

13

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Christians Against Poverty
PREVIOUS FINANCIAL YEAR
Christians Against Poverty		 Balance
Balance
1-Jan-21
Income
Expenditure
Transfers
31-Dec-21
£
£
£
£
£
12,826
21,830
23,095
-
11,561
12,826
21,830
23,095
-
11,561
Balance
Balance
1-Jan-20
Income
Expenditure
Transfers
31-Dec-20
£
£
£
£
£
13,101
20,541
20,816
-
12,826
13,101
20,541
20,816
-
12,826

The restricted funds are wholly represented by the Charity's cash reserves.

6. DESIGNATED FUNDS

The Charity held no designated funds during this or the previous financial period.

14

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

7. CASH AT BANK AND IN HAND

Cash at Bank & in Hand
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-21
31-Dec-20
£
£
£
£
7,209
11,561
18,769
22,558
7,209
11,561
18,769
22,558
Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-21
31-Dec-20
£
£
£
£
-
-
-
-
-
-
-
-

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-21
31-Dec-20
£
£
£
£
840
-
840
810
840
-
840
810

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

15

VISION FOR LIFE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

11. STAFF COSTS AND NUMBERS

TOTAL
2021
£
Gross Wages & Salaries
59,566
Employer's National Insurance Costs
-
Pension Contributions
848
60,414
Employees who were engaged in each of the following activities:
TOTAL
2021
Activities in furtherance of organisation's objects
3
3		 TOTAL
2020
£
63,311
-
275
63,587
TOTAL
2020
3
3

No employees received emoluments in excess £60,000 (2020: None)

12. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES

During the financial year Trustee Mr M. Radcliffe and spouse Mrs L. Radcliffe received £41,871 (2020: £47,955) in renumeration in their capacity as Senior Pastors of the Vison for Life Trust in furthering the Charity's objects.

No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

13. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

14. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

15. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake

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