LIFE CHURCH ICENTRAL ENGLAND) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
LIFE CHURCH (CENTRAL ENGLAND)
FOR THE YEAR ENDED 31 DECEMBER 2021 LEGAL & ADMINISTRATIVE DETAILS
REGISTERED OFFICE 139b Fletton Avenue Peterborough PE2 8BY REGISTERED COMPANY NUMBER 05267786 REGISTERED CHARITY 01111146 GOVERNING DOCUMENT Memorandum and Articles of Association TRUSTEES Phil Angell (deceased 9th November 2021) Ruth Donnelly Paul Graham (Chair) Andrew Kennedy Simon Lummis Stephen J Searle Wouter Vertegaal (resigned 25th April 2022) OTHER KEY MANAGEMENT (Elders) Phil Bowyer (appointed 21st February 2021) Luke Sears (appointed 15th May 2022) Sam Tucker BANKERS 1. Charities Aid Foundation PO Box 289 West Malling Kent ME19 4TA 2. Barclays Bank plc Peterborough Business Centre PO Box 294 Peterborough PE1 1EZ INDEPENDENT EXAMINER Lisa Darby ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
INDEX
Page 1 Legal & Administrative Details Pages 2 - 5 Directors' Report Page 6 Independent Examiner's Report Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 - 14 Notes to the Accounts
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LIFE CHURCH (CENTRAL ENGLAND)
FOR THE YEAR ENDED 31 DECEMBER 2021 REPORT OF THE DIRECTORS
CHARITABLE OBJECTS
The primary aims of the charity are to fulfil the role of a Christian Church in the Peterborough area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas. This is achieved through various church activities in the Peterborough area including providing relief for people in need and the support of missionary work in other parts of the world.
GOVERNANCE
The trustees, who are the charity's directors for the purposes of company law, are responsible for the policy and operating decisions of the church. They also monitor the financial situation monthly and from time to time meet with the core leadership team of the church to review relevant matters. New trustees are recruited and appointed by a majority of existing trustees. The community projects of the church are mainly operated through Life Community Trust and the trustees of both companies are identical. The business decisions are made totally seperately for each company.
THE CHURCH: ITS AIMS AND OBJECTIVES
The Church is not a building. Rather, it is a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ were also committed to loving and caring for each other and to bringing blessing to the area in which they lived. Life Church (Central England), its trustees, eldership and members are committed to the restoration of those New Testament principles. It is not alone in this, for it is one of many Churches in the area, country and all over the world whose aims and values are rooted in New Testament. The vision is to see the people of Peterborough and elsewhere come into this experience of knowing Jesus as their Lord, Saviour and friend.
Life Church (Central England) is a member of the Evangelical Alliance and is a Relational Mission Church which is part of Newfrontiers, a family of churches both here in the UK and overseas that share similar values and objectives.
The trustees take very seriously their responsibilities to ensure the proper management and administration of the charity. To this end, they work closely with the core leadership team, whose responsibility it is to govern the life and teaching of the Church. Strict financial controls are in place and exercised by the trustees, including the monitoring of all income and expenditure against agreed budgets.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
CHURCH MEMBERS
Seeing the above aims and objectives fulfilled is impossible without the work and devotion of each Church member. We are therefore especially thankful for all of those who work so conscientiously and sincerely, often privately or behind the scenes and perhaps even without due recognition. Their service and the part they play towards seeing the Church’s vision realised cannot be overstated. Also, the Church’s financial support is almost entirely down to the generous and sacrificial giving of its members, for which we praise God.
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LIFE CHURCH (CENTRAL ENGLAND)
FOR THE YEAR ENDED 31 DECEMBER 2021 REPORT OF THE DIRECTORS
2021 REVIEW
During 2021 Life Church continued to operate under Covid-restrictions which impacted our church community ongoingly. The first term was marked by leadership developments as one of our elders retired and two new elders were appointed. The second season was marked by further leadership developments as we announced that our current team leader will be sent out to plant a church in the Netherlands in 2022. Also a scheduled team leader sabbatical took place and the team led into transition to in-person meetings together. The third term was marked by fruitful preparation for transition and succession. At the end of 2021, as trustees, we look back grateful and encouraged by the resilience of the church community, staff, volunteers and leadership team as we navigate through a pandemic and leadership transition. We continue to be attentive to the ongoing work required to regain momentum as we come out of this season of transition.
Life Church continued to reach out to support those in the community around us - through our connections with local schools - with food hampers and holiday actitivity packs for struggling families.
With such quickly changing dynamic the year is best described by dividing it into thirds.
JAN-APRIL
The first term of the year was marked by some key leadership developments. After a long season of service Phil Angell stepped back as elder at Life Church. At the same time, we saw two new elders being appointed; Paul Graham and Phil Bowyer. With Paul Graham coming on staff our operational capacity increased and Phil Bowyer started his part-time employment overseeing Life Groups. We continued to meet online during the Covidpandemic and saw new momentum developing by using multiple online platforms, which increased visibility. New children’s and youth work initiatives took place through online programs and events, led by our interns Joe Oldfield and Nathanael Grenfell. Participation continued with just under 200 attenders on average. Even an online week of 24-7 prayer took place. Life groups continued to meet online. We continued to press into our building project pursuing a building on Cowgate, which sadly did not materialize.
MAY - JULY
The second term of the year was marked by further leadership developments as we announced a leadership transition. In 2022 we plan to send out our team leader to plant a church in the Netherlands. Online momentum started to decline with prolonged Covid-restrictions and hinderance in engaging with new attenders. Attendance dropped to just under 175 attenders on average. Wouter Vertegaal took a scheduled 4month sabbatical during this term. A series of successful Easter events took place including a Good Friday service, a GLO Easter party and an Easter Sunday service. Also, a new building project option was pursued at Fletton Quays, but sadly no winning bid was gained.
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LIFE CHURCH (CENTRAL ENGLAND)
FOR THE YEAR ENDED 31 DECEMBER 2021 REPORT OF THE DIRECTORS
SEPT - DEC
The final term presented some difficulty for the church. The transition to in-person meetings was not a strong one. The transition was impacted by several things. First of all, the transition had to happen during Sabbatical season. Secondly, our previous venue at the Thomas Deacon Academy was no longer available, therefore we had to revert to multi-services at our less suitable community centre in Fletton. Thirdly, due to the prolonged online season it proved difficult to help people engage in-person again. Momentum dropped to under 125 attenders on average. In the midst of this we continued our transition preparation and with the help of Daniel Goodman on behalf of the Relational Mission team, a suitable candidate was selected for the role of Team Leader in the person of Luke Sears who will start introductions with the church early 2022. Our interns Joe Oldfield and Nathanael Grenfell transitioned to placements in children’s and youthwork with Life Church for the coming 3 years alongside degree courses in Mission & Ministry. Tola Ayeni joined our team as new Life Money manager. Further in-person activities and events took place such as; Lifetots, a week of prayer and fasting, a GLO in the dark party and our first weekend away with 125 people attending.
COVID-19
In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of COVID-19. This included the temporary suspension of all physical gatherings and the charity has had to curtail, or change, how it operates; the charity has been able to continue some of its activities using online media and returned during 2021 to limited in-person activities. The trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of COVID-19 on the charity’s free reserves.
FINANCIAL REVIEW
During the year income reduced by £664 to £259,115, and expenditure increased by £49,496, to £249,550. As a result surplus for the year decreased by £50,159, to £13,165 and the charity's net assets increased by the same amount. Net current assets increased by £14,209, to £270,776. The funds held by the charity at the end of the year totalled £454,187 (2020: £441,021) of which £ 16,732 (2020: £25,008) was restricted in use.
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LIFE CHURCH (CENTRAL ENGLAND)
FOR THE YEAR ENDED 31 DECEMBER 2021 REPORT OF THE DIRECTORS
GRANTS POLICY
Given as deemed appropriate to a range of Christian organisations approved by the Trustees. Including but not restricted to close partners in Zimbabwe, Mozambique & Serbia who work to help with relief for the poor through church ministry.
RESERVES POLICY
The Board of Trustees has established a policy whereby free reserves held by the charity should be maintained at three months' committed expenditure. This would equate to approximately £55,000. Funds above this level are being held pending plans for church property to be determined in the foreseeable future. The current level of unrestricted cash held £202,294 (2020: £213,996)
RISK MANAGEMENT
All major insurable risks are subject to normal Churches and employers’ insurance. Any contractual risks are reviewed before being entered into, so as to ensure they could not significantly impact upon the Church’s ability to fulfil its objective. The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
DIRECTORS' RESPONSIBILITIES
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; 4. state whether the applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
Paul Graham
P Graham (Chair)
Date: 16/09/2022
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE CHURCH (CENTRAL ENGLAND)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021 on pages 7 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 9 - 10.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Lisa Darby ACA
For and on behalf of: Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 21/09/2022
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LIFE CHURCH (CENTRAL ENGLAND)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Income and Endowments from: Donations and legacies 2 Investment income Other trading activities Government CJRS Grant Other income Total Income & endowments Expenditure on: Charitable activities 3 Grants payable 3c Total expenditure Net income / (expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
General Restricted 2021 2020 Funds Funds Total Total £ £ 231,422 23,118 254,540 253,756 21 - 21 152 3,936 - 3,936 4,816 - - 745 619 - 619 310 235,998 23,118 259,116 259,779 193,144 13,979 207,123 159,532 21,412 17,415 38,827 36,922 214,556 31,394 245,950 196,454 21,442 (8,276) 13,166 63,325 - - - - 21,442 (8,276) 13,166 63,325 416,013 25,008 441,021 377,696 437,455 16,732 454,187 441,021 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on pages 9 - 14 form part of these accounts.
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LIFE CHURCH (CENTRAL ENGLAND)
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Fixed Assets Tangible assets 5 Current assets Debtors due within one year & prepayments 6 Debtors falling due after one year 6 Cash at bank and in hand 7 Current Liabilities Liabilities falling due within one year 8 Net Current Assets Net Assets Unrestricted Funds Restricted Funds Total Funds 9 |
Unrestricted Restricted Total funds Total funds Funds Funds 2021 2020 £ £ £ £ 183,411 - 183,411 184,454 53,598 - 53,598 21,297 - - - - 202,294 23,487 225,781 239,005 255,892 23,487 279,379 260,301 1,848 6,755 8,603 3,734 254,044 16,732 270,776 256,567 437,455 16,732 454,187 441,021 437,455 416,013 16,732 25,008 454,187 441,021 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:
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(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
Paul Graham 16/09/2022 __ __ P Graham (Chair) Date Company number: 5267786 Charity number: 1111146
The notes on pages 9 - 14 form part of these accounts.
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LIFE CHURCH (CENTRAL ENGLAND)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
1. Accounting policies
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a) The accounts have been prepared under the historic cost convention, 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 (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future. The following are the accounting policies which have been applied in dealing with material items:-
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b) Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
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i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
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ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity has relied significantly upon volunteers in carrying out all of its activities during the year. In accordance with the SORP, the role of volunteers has not been recognised as income from donated services in the accounts.
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c) Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
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The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
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d) Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets this criteria is identified to the relevant fund.
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e) Tangible fixed assets (over £1,000) are capitalised and depreciated on a straight line basis over the following period to reduce the cost to the expected recoverable amount: Buildings - 50 years (The land element of value is not depreciated) Furniture & Equipment - 4 years
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f) The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
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LIFE CHURCH (CENTRAL ENGLAND)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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g) The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
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h) The company has taken advantage of the exemption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year.
| 2. | Voluntary income | General | Restricted | 2021 | 2020 |
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Gifts and offerings | 196,912 | 23,118 | 220,030 | 220,633 | |
| Tax recovered | 34,510 | - | 34,510 | 33,123 | |
| Legacies | - | - | - | - | |
| 231,422 | 23,118 | 254,540 | 253,756 | ||
| 3. | Charitable activity | ||||
| a) | Direct charitable costs Church activities & events Children's work Youth work Visiting preachers Staff costs Hire of premises Utilities Repairs & maintenance PA & music General expenses incl travel & subsistence Leadership development incl training, sabbaticals and meetings |
General Funds £ 3,165 2,572 72 2,064 140,624 1,833 5,104 1,757 6,039 2,482 13,438 |
Restricted Funds £ 13,841 138 - - - - - - - - - |
2021 Total £ 17,006 2,710 72 2,064 140,624 1,833 5,104 1,757 6,039 2,482 13,438 |
2020 Total £ 4,959 2,784 56 1,399 109,937 5,298 4,124 1,304 5,073 4,597 6,738 |
| 179,149 | 13,979 | 193,128 | 146,269 | ||
| b) | Support & Administration Office costs Insurance Legal and professional fees Independent Examination fee Depreciation Bank charges |
5,466 1,741 1,227 1,800 3,615 146 |
- - - - - - |
5,466 1,741 1,227 1,800 3,615 146 |
3,043 2,002 3,189 1,800 3,149 80 |
| 13,995 | - | 13,995 | 13,263 | ||
| Combined charitable activity cost | 193,144 | 13,979 | 207,123 | 159,532 | |
| c) | Grants payable Relational Mission (formerly New Frontiers International) Overseas Missionary Support (Individuals): Europe Africa Life Community Trust (see note 11) Other gifts |
9,900 1,412 3,600 5,000 1,500 |
- - 17,416 - - |
9,900 1,412 21,016 5,000 1,500 |
12,800 1,200 16,622 5,000 1,300 |
| 21,412 | 17,416 | 38,827 | 36,922 |
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LIFE CHURCH (CENTRAL ENGLAND)
NOTES TO THE ACCOUNTS
| NOTES TO THE ACCOUNTS | |||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER | 2021 | ||||
| 4. | Staff, pastoral support & trustees | General | Restricted | 2021 | 2020 |
| Funds | Funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Gross wages, salaries & benefits in kind | 127,268 | - | 127,268 | 97,997 | |
| Employer's National Insurance costs | 5,517 | - | 5,517 | 5,819 | |
| Pension costs | 7,839 | - | 7,839 | 6,120 | |
| Total staff costs | 140,624 | - | 140,624 | 109,936 |
For the year the charity employed 3.96 full time equivalent members of staff (2020: 3.1). Some of its activities are carried out by volunteers.
No employee earned at a rate in excess of £60,000 p.a. (2020: None)
Remuneration payable to key management (excluding trustees) amounted to £12,569 in the year (2020: £16,256). Key management is considered to cover church leaders directly employed by the church.
During the year, trustees Paul Graham and Wouter Vertegaal were paid £37,973 (2020: £13,445) and £45,005 (2020: £45,426) respectively for pastoral services supplied to the church; as permitted by the governing document.
During the year a gift was paid to the Trustee Phil Angell of £1,500 from monies raised by the congregation as he retired from his pastoral duties in January 2021 (2020: £nil)
No other trustees were reimbursed expenses during the year (2020 - none).
The total amount of donations received from trustees was £30,117 (2020: £27,611).
In addition the following related parties were employed by the company and received the appropriate remuneration for their services:
Mrs H Graham £6,962 (2020 - £6,808), Mr S Tucker nil (2020 - £4,030) and Mrs S Vertegaal £5,024 (2020 - £4,999) All of the above figures include salary and employer's pension contributions as appropriate.
Fees payable to Stewardship, other than for the independent examination totalled £nil (2020: £nil).
| 5. Tangible fixed assets Equipment Cost or valuation, 1 January 2021 Additions during the year Cost or valuation, 31 December 2021 Accumulated depreciation, 1 January 2021 Charge for the year Accumulated depreciation, 31 December 2021 Net book value, 31 December 2021 Net book value, 31 December 2020 6. Debtors & prepayments Income tax recoverable Sundry debtors Prepayments Agency amounts due from Life Community Trust Agency funds: Balances Incoming Jan 2021 Resources Transactions on behalf of £ £ Life Community Trust 2,409 3,601 2,409 3,601 |
Land & Buildings 200,000 - 200,000 18,000 2,000 20,000 180,000 182,000 Outgoing Resources £ 2,612 2,612 |
Furniture & Total Equipment 2021 £ 21,501 221,501 2,572 2,572 24,073 224,073 19,047 37,047 1,615 3,615 20,662 40,662 3,411 183,411 2,454 184,454 2021 2020 £ £ 49,762 15,746 - 484 438 2,659 3,398 2,409 53,598 21,297 Balances Balances Dec. 2021 Dec. 2020 £ £ 3,398 2,409 3,398 2,409 |
|---|---|---|
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LIFE CHURCH (CENTRAL ENGLAND)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
----- Start of picture text -----
7. Cash at bank and in hand 2021 2020
£ £
Charities Aid Foundation 201,475 221,122
Barclays Bank plc 24,276 17,402
Cash in hand 30 480
225,781 239,004
8. Creditors: liabilities falling due within one year 2021 2020
£ £
Accruals 8,603 3,734
8,603 3,734
9. a) Funds Balances Incoming Outgoing Transfers Balances Balances
Jan 2021 Resources Resources Dec. 2021 Dec. 2020
£ £ £ £ £ £
RESTRICTED FUNDS
Mission Support & Projects 25,008 23,118 31,394 - 16,732 25,008
25,008 23,118 31,394 - 16,732 25,008
UNRESTRICTED FUNDS
General Fund 416,013 235,998 214,556 - 437,455 416,013
416,013 235,998 214,556 - 437,455 416,013
TOTAL 441,021 259,116 245,950 - 454,187 441,021
The assets and liabilities represented by the various funds are as follows:
Fixed Bank & Cash Other net TOTAL
assets balances assets
£ £ £ £
Restricted funds - 23,487 (6,755) 16,732
Unrestricted funds 183,411 202,294 51,751 437,455
183,411 225,781 44,995 454,187
The restricted funds represent monies specifically given for the support of mission activities and the Contented Fletton community
project.
9. b) Funds at 31st December 2020 Balances Incoming Outgoing Transfers Balances Balances
Jan 2020 Resources Resources Dec. 2020 Dec. 2019
£ £ £ £ £ £
Mission Support & Projects 27,024 14,992 17,008 25,008 27,024
27,024 14,992 17,008 - 25,008 27,024
UNRESTRICTED FUNDS
General Fund 350,672 244,787 179,446 416,013 350,672
350,672 244,787 179,446 - 416,013 350,672
TOTAL 377,696 259,779 196,454 - 441,021 377,696
The assets and liabilities represented by the various funds are as follows:
Fixed Bank & Cash Other net TOTAL
assets balances assets
£ £ £ £
Restricted funds - 25,008 - 25,008
Unrestricted funds 184,454 213,996 17,562 416,013
184,454 239,004 17,562 441,021
----- End of picture text -----
The restricted funds represent monies specifically given for the support of mission activities and the Contented Fletton community project.
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LIFE CHURCH (CENTRAL ENGLAND)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. Events since the year end
None
11. Relationship with Life Community Trust
This is a separate registered charity (Life Community Trust registered number 1153808) which has its own set of trustees, whom are also the trustees of Life Church (Central England). As the Life Community Trust trustees are the same as the trustees of Life Church (Central England), Life Community Trust is classed as a related party. All transactions between the two charities have been separately disclosed in the above notes to the accounts.
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LIFE CHURCH (CENTRAL ENGLAND)
Detailed Statement of Financial Activities with Comparatives FOR THE YEAR ENDED 31 DECEMBER 2021
| 12. Note INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income Other Trading activities Government CJRS Grant Other income Total income and endowments EXPENDITURE ON Charitable activities 3 Grants payable 3c Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Total Total Funds Funds 2021 2020 2021 2020 2021 2020 £ £ £ £ £ £ 231,422 238,764 23,118 14,992 254,540 253,756 21 152 - - 21 152 3,936 4,816 - - 3,936 4,816 - 745 - - - 745 619 310 - - 619 310 235,998 244,787 23,118 14,992 259,116 259,779 193,144 155,311 13,979 4,221 207,123 159,532 21,412 24,135 17,416 12,787 38,827 36,921 214,556 179,446 31,394 17,008 245,950 196,453 - - - - - - 21,441 65,341 (8,276) (2,016) 13,166 63,325 - - - - - - 21,441 65,341 (8,276) (2,016) 13,166 63,325 21,441 65,341 (8,276) (2,016) 13,166 63,325 416,013 350,672 25,008 27,024 441,021 377,696 437,455 416,013 16,732 25,008 454,187 441,021 Unrestricted Funds - General Restricted Funds |
|---|---|
Movements on reserves and all recognised gains and losses are shown above.
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