RECJSTERED COMPANY NUMBER: $392860 (England #nd Waltt) REGISTERED CHARITY NUMBER: 1111303 ort of the Trustres and Consolidated Finxnclal State t ear ended 31" Mareh 2025 for Lifechurch Manchester (a company limited by guaralllee and Dot having g Share capital) Allen Mills Howard Limited Chartered Accountants Lewis House 56 Manchester Road Alirincham Cheshire WA14 4PJ
Lif¢ hurch MAnehester istered number: 5392860 Contents of the Finan t*tements For the eAr ended 31" March 2025 Page Report of the Trustees Report of the Independent Examiner Consolidated Statement of FRn4n¢ial Activities Consolidated Balance Sheet Consolidated Statement of C9sh FIDWS Notes to the Finantial StAtements 10-29
Lifechureh Manchesltr Tstered number.. 5392860 ort of tht Trustees For the ear ended 31" Mar¢h 2025 The Trustees, who are also directors of the ¢]wity for the purpose of th¢ Companies Act 2006. pr¢sent their report with the consolidated financial stalemenls of th¢ ¢harity and iis subsidiary for the year ended 31" March 2025. The financial ststements comply with the Charfftties Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and the Charities SeMent of Recommended Practice ("Charities SORP"} (applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard appli¢able in the UK and Republi¢ of Ireland; FRS 102) issued in October 2019. REFERENCE AND ADMINIST114TIVE DETAILS Registered Company Number: 05392860 (EngIand and Wales) Registered Charity Number: 1111303 Rtgtstered office: The LifeC¢ntre 235 W*shway Road Sale M33 4BP Trnstees: M R Smith (Chairnian) A J Barclay-watt P J MotTi. A J Chard PA Flatman N Thompson Company Secretary: J Cooper IndependeDt Eylminer: Mr David Allen Allen Mills Howard Limited Chartered Accountants Lewis House 56 Manchester Road Altrincham WA14 4PJ BaDk¢rs: Barclays Bank PLC Manchester City 9 Lciccster LE87 2BB Soiicltors: Anthony Collins Soltcitors LJ.P 134 Edmund Street Bimingham B3 2ES Ke¢lys Solicitors LLP 28 Dam Street LichfIeld WS13 6AA
Lifechureh Manehester istered number: 5392860 Re ort of the TTU5tees For the ear ended 31 March 2025 Tru$¢¢¢s R Smith (Chairn)on) A J Barclay-watt P )" Morris A J Chard P A Flatman N Thompson Secretary and Registered Office J Cooper, The LifeC¢ntre, 235 Washway Road, Sale, M33 4BP Governing instrument The charity's artivities are regulated by the Memorandum and Articles of Association. The objectives and principal activities of the charity a.. a) The advancement of the Christian faith. b) The relief of pcrsons in conditions of hardship and distress or who are aged or siLk. c) Thc advancement of education on Lhristian principles. Reeruitmell( induetion 2nd training of new trns¢ees Any pmspective ncw truytc¥s are recommended by the current board and by the Senior Leadership Team, before they are appointed by thc Church members. In apw)inting Iruste£s. the board seek to bring a range of skills and expertise to thc managemen¢ of the Charity. New Trustees are introduced to the workings of the charity and are kept upded through regular Trust¢e5' meeting5 and communication throughout the year. Orggnisgtional 5trurture The Church 1$ led by a Senior Leadership Team (SLT), whose membership is currently: Andy BaTclay-Wat¢ Mark Smith, Sarah Smiih. Emma Barclay-WatL Alasiair Culteridge. David Rolles, Helen Allen, Sumbo Campbell, Pete Fox, Sue Fox, Phil Watterson, Derek Hughes, Jon Anelli and Tony Campbell. New SLT members are nominated by the existing SLT and are appoinied by chUh members. The senior staty are responsible for managing the day-to4lay affairs of the Church. Remunertion of key maDagement ptrsonnel Salaries and other benefits are set by the Trustees, Remuneration Sub-Commit¢ee, which is made up of all the non- salaried Trustees. They do so in the light of the latest inflation and pay-related economic indicator5, and with reference to salary levels in churches and other similar organisations of a comparable size and complexity. Risk mangement The Trustees have a duty to identify and r<view the risks to which Ihe chariry As exSed and to ensure appropriat¢ colllrols are in place to provide reasonable assurancc against fraud and error. Major risks have been reviewed and systems and procedures have been e5tablishcd to manage those risks. Related parties and co-oper8tioD with otber org2nisation5 One Trustee rcccivrd remuneralton from the charltable compaDy during the year in accordance with the Trust Decd which stipulatss that the number of remuneralcd Trnstees must ncvcr bc a majorily. The charity's wholly Qmmed subsidiary. Lifecentre Events Ltd. was established to operate the Lifecafé and to provide catering and Gonferencing facilities at the Lif¢Centre (see note 4 to the accounts). Lifecenire Events Lid provides aterin8 and c4)nferencing facilities to the local community. w¢ll as busin¢ss¢s. schools and other tharitable organi5ations. Use of voluDte¢rs The group is very involved with the communit}. and is dependent on the support of many volunteer5 in the chUh and the Lif¢Centr¢. The Trustees are very grateful to the church members for this SUPPOrt.
Lifechurch Manehestsr istered number: 5392860 Re For the ort of the Trustees eor ended 31" Mar h 2025 Objeclives and activities during the year When planning the aclivities for the year the Trnstees hav¢ considered the Charily Commission's guidance on publlc b¢n¢fit and, in particular, the specific guidance on chartlies for ihe advancement of religion. The group operates in and around SaIe, South Man¢hester and has a number of activities which seek to reach out to the local Community as well as servlng members of the Church. In particular, the charitable company has sought & a¢hieved to lfIl its charitable objectives in the following ways: The provision of public WOTship services each Sunday which are open lo all. Running "Alpha" courses to enable members of the public lo find out more about the Christian faith. Providing paoral care for members of the church. The provision of a general counselling seThice for members of the public and the church. Regular activittes for older people, and those who may be feel lonely or isolated. Oyersight and support of teams in Sale, Eccles Strerford and Heald Green engaged in community development. Support for various charitable projects in the UK and overseas e.g. for the relief of poverty and fvrth¢rau¢e of education. Running an expansive program for kids and youth Providing a number of midweek fellowship and discipleship groups Ffinancial revi¢w The group's tota] income for the year amounted to £978.984 {2024.. £940,541) and the expenditure amounted to £951,599 {2024: £914,265) giving a sury)lus before taxation for the year. after depreciation charges of £88,579, of £27,768 (2024.. sUlUS of £26,276). Donations and legacies ¢0 ihe group were £574,393 (2024: £566,904) which includes leEaGi¢s for £nil {2024: £nil). Income for Lifecentre Events Ltd rose by lil/o 10 £332,909 (2024: £312,117). Expenditure before t&xation for Lifecentre Evenls Ltd [ex¢luding pent charity donation5 of £120,363 (2024: £157,119)J increased to £210,688 from £188,963 in 2024. Reserves policy and going ¢oneern The group generates a regular income by way of gtfts and donations a5 well as the hiring of the Lifecenlre conferen¢¢ rooms which is adequate to ¢over the projected expenditure. In addition, the group seeks to maintain adequate reserv¢s to enable it to meet any unforeseen expenditure or to ¢ov¢r any short-tern) drop in Ancome. At the baiance sh¢et date, the group held reserves of £1,965.462 (2024: £1.937.694). At the end of the year. restricted funds talled £24,372 (2024: £33,665). The charity also has funds which are designated for other causes. including hardship and youth artivities, totalling £5,991 (2024.. £8,595). These resources are available to be used at ¢h¢ discretion of the trustees. Reserves freely available after excluding restri¢ted fund& designated funds and funds which cannot be accessed or are connected lo the disposal of flxed assets, amount lo £121,940 (2024.. £149,739). Th¢ 2024125 financial year was a very good one, with the income budget for the Church being exceeded. The Lifecentre Events busitiess perfornied well in the face of high-cost inflation but are pleased to report that its surylus was 20Yo up on budg. The effect of both of these posltive perfomances was a significant surplus whett none had been budgeted. Both the latter and savings made through the year have enabled us lo reduce our bank mortgage. With continuing flnancial uncertainty brought about by high price infiation and interest fdtes, the Tnjslees have maintsined Lifechurch's minimum reserves at £1 10,000. With a strong cash position and realistic plans for the LifeC¢ntr¢ Events busines4 the Trustees are able to confirn) that in their opinion it remains appropriate for the group's accounts to be ppared on a going concern basis.
Lifechureh Manchester isttrtd number: 5392860 ort of the Tru$t¢es ear ended 31" March 2025 Forthe Plans for Future Perlods During the forthcoming year the I nLStees ana the church will conllnue to rdise the profftle of the cnarity wiihin *h¢ local community in order to involve a higher proportlon in ihe activities of the Church ond the Lifecentre. Lifechurch Manchester ('LCM') uses the building that bclongs to a small local Charity, Ncw Life Church Heald Green ('NLCIIG'), for its services in Heald GTcen, and the legal process is undeTh'ay that will scc NLCHG and its assets becomirLg part of LCM. ljoth sets of Trust$ anticipate that this ¢xerci5c will be compleled by the end of 2025126. Trustees, illdemDity arraDgement$ Individual indemnities have been provided to the Trnske5, under which the charitable company has agreed to indemnify the Trustees to the fullest ¢xtent perniitted by law in respe¢t of all liabilities to third parties arising out of, or in conne£tion with, their execution of thcir power4 duties and responsibilities as Trust¥es olthe group. The Trustees have prcparcd thi5 report in accordance with the special provision5 of Part 15 of the Companies A 2006 relaling to small Gompani¢s. This r was approved by the Trustees on 13 October 2025 Trustee
Inde ndent Examiner's Re ort to the Members of Lif¢Church Manchester I report to the trustees on my examination of the COTwltdated financial statements of the group cornprising Lifechurch Manchester (the 'parent charitable company,) and its subsidiary undertaking for the year ended 31 Mar¢h 2025. Responslbilltles and basis of report As the trnstees of the ¢ornpany (and also its directors for the purposes of company law) yuu arc responsible for the prepardlion of the consolidated financial statements of the group in accordance with thL requirements of the Companies Art 2006 {'th¢ 2006 Act,). You have choscn to prepare consolidated accounts for the groupy and you are sat15fied that the accounts of both the parent charitable company and the group are nut reqUId by charity law to be audited. Having salisfied 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 respecl of my cxamination of the consolidated accounts as carried out undcr section 145 of the Charilies Act 2011 ('the 2011 Act,). In carrying out My examinatton I have followcd the Directions given by the Charity Commission under s¢¢tion 145(5)(b) of the 2011 ACL An indepcnd¢nl examination does not involve gathering all thc evidence that would be required in an audit and consequently does not cover all the matt¢rs that an auditor considers in givtng their opinion on the accounls. The planning and conduGt of an audit goes beyond the limitcd assurance that an independent examination can provide. Consequendy, I express no opinion as to Wheth the consolidated accounts present a 'trne and fair, view and my report is limited to those specific matters set oui in the independent examiner's statement. IndepeDdeDt examiDer's sthtement Since the parent charltable company's gT059 income exceeded £250,0(K) your examiner must be a member of a body lis*d An section 145 of the 2011 Act. I confirni that I am qualifjed to undertake the examftnalion because I am a member of the AlatI( ofchartered Certified Accountants (ACCA), which As one ofthe listed bodies. I have completed tny exanjination. I confirn) that no matters have come to my attention in connection with the examination giving me cause to b¢lieve= accounting records, with respect lo the group, were not kept as required by scction 386 of the 2006 Act" or 2. the financial statements do not accord with those records,. or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Ad other than any requircmcnt Ihat the accounts give a 'true and fair, view which is not a mutter considered as part of aD independent examination; or 4. the financial statements have not been prepar in accordance with the methods and prin¢iples of the Stsiement of Recommended Practice for accounling and reporting by ChAtieS applicable to charities preparing th¢iT accounts in ar¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and havc Come across no othermatters in connection with the examination to which attention should be drawn in this report in QTder to enable a proper understanding of the accounts to be tEached. David K Allen FCCA FCA Allen Mills Howard Limited Chartered Accounlants Lewi5 House 56 Manchester Road Altrin¢ham Cheshire WA14 4PJ 13 Oetober 2025
Llfechurch MRnchesttr fistered Dumber. 5392860 Consolidated Staternent of FRnaneial Aetivitles a consolidated Ineome Ex nditure Account For the ear ended 315t March 2025 Inco UDTe5tricted Funds Rtstricted Funds Total Funds 2025 Tolal Funds 2024 Notes Income from: Donations and legacles 546,018 28J75 574,393 566,904 Charitable activities 33,175 33,579 66,754 54,964 Other trading activities 332.909 332,909 312,117 Investments 4,627 4,627 5,625 Other 301 301 931 Total income 917,030 61.954 978,984 940,541 ExpeDditure on: Ratslng ndS Cost of goods sold and other costs 210,688 210,688 188,963 Ckaritsble activities: Church operating expenses 669.664 71,247 740,911 725,302 Total expenditure 880J52 71347 951599 914,265 Net movemellt In funds b¢for¢ tsiAtion 36,678 (9,293) 27J85 26,276 Tgxation 383 383 416 Nel movement in fvnds after taxAtiOD 37,061 {9293) 27,768 26,692 RECONCILIATIOIY OF FUTr4DS Total funds brought fonvard 1,904,029 33,665 1,937,694 1,911,002 Total funds carried forward 1,941,090 24,372 1,965,462 1,937.694 All results relate to continuing operations and there are no gains or losses other than those shown above. The nole5 fom part of th¢se financial statements.
Lifechureh Mallehester istered number: 5392860 Consolidattd Balance Sheet For tht ear ended 31" March 2025 2025 Group 2024 Group 2025 Charity 2024 Charity Notes FIXED ASSETS Tangible assets Investments 15 16 2,495,651 2,588,118 2,491ffj09 2,581,903 2,495ffj51 2.588,118 2rt91,610 2,581.904 CURRENT ASSETS Stock Investments DcbtOT5 Cash at bank and in hand 17 18 19 1,915 1,428 6725 204,040 76,462 188,218 32,972 202,112 50,060 181.267 273.480 266,109 235,084 231,327 CREDITORS Arnounts falling due within one year 20 104,148 129,310 77.735 102,480 NET cuiuiKiYr ASSETSI(LIABILITIES) 169a32 136,799 157J49 128,847 TOTAL ASSETS LESS CURREIYT LIABILITIES 2,664,983 2,724,917 2,648,959 2,710,751 CREDITORS Amounts failing due in more than one year 21 698,896 786,215 698,896 786,215 PROVISIONS FOR LIABILITIES 625 1,008 TOTAL NET ASSETS 1,965,462 1,937,694 1950,063 1,924,536 FUNDS OF THE CHARITY UDrestriet¢d funds: General Designated 23 1,935,099 S,991 1,895.434 8,595 1919,700 5,991 1,882,276 8,595 Restricted funds: 24,372 33,665 24J72 33.665 TOTAL FUNDS 1,965,462 1.937,694 1950,063 1,924.536 For ihe year ended 31 March 2025 the company w&$ entitled to exemption from audit under section 477 of the Compani¢s Act 2006 relating to small companies. The members have not required the rompany to obtain an audit in accordance with Section 476 of the Companies Aci 2006. Th¥ trustees acknowledge their responsibilities foT complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Lifechureh Matschester R¢ isttred number: 5392860 Consolld*ted Balance Sheet For the ¢4r ¢nded 31°, March 2025 The trustres have prepared group tinaneilll statements in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. 'L'hese financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual financial statements required by the Companies Act 2006 and thos¢ prepared for circulation lo the members of the Company. The financial statements were approved by th¢ Board of Tn¢¢5 on 13" Octobtr 2025 and were signed on its behalf by: P J Morris- Truste¢ The notes forni part of these financial statements
Lifechurch Manthester 1Stertd number: 5392860 Statement of Ca$h Flows and Consolldated Statement of Casb Flows For the ear ended 31" March 2025 2025 Crnup 2024 Group 2025 Charity 2024 Charity Notes Cash flows from oper¥¢ing Attlvlties Cash genated from operations 28 129.119 152.131 136,142 154,802 Cash used ill operating a¢tivities 129,119 152,131 136,142 157.799 Cgsh flows from investing gctivities Purchases ofiangible fixed assets Purchases of investments Interest from investments Sales of inv¢stments 4,627 5,625 4,627 5,625 Cash used In Investing activities 133,746 157,756 140.769 5,625 CAsb llows from financing activities Repayments of borrowing Loans received (119924) (185,704) (119924) (185.704) Cash used ill fanCing activitie5 13,822 (180,920) 20045 (185.704) Increas¢l(decre&se) in cash and cash equivalenLs in the yfdr (27,948) (25,277) Cash and rath equivalents at th¢ beginning of the year 188218 216,166 181367 206,544 Total cosh and csh equfivalents at the end of the ytar 202,040 188,218 202,112 181.267 Anglysis of cash 4nd (ash equivaknts 2025 Croup 2024 Group 2025 Charity 2024 Charity Cash at bank and in hand 202,040 188,218 202,112 181,267 202,040 188,218 202.112 181,267 The notes forni part of these financia] statements
Lifechurch MaDebester istered number: 5392860 Notes to tht Financial StatemeDts For the ear ended 31" March 2025 STATUTORY INFORMATIOIY Ltfechurch Manchester is a private charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office can be found on the Report of the Trustees. The presentation currency for the financial statements is Pound Sterllng (£). AccouwfING POLICIES Basis of preparation The financial statcmcnts have been prepared in accordance with thc Charities: Stalemenl of Rcbumfflended Practice (applicable to charitics prcparing thetr accounts in accoTiJan¢e with ¢h¢ Financlal Reporting Standard appliGable in thc UK and Republi¢ of Ireland (FRS 102))- effective JaDuary 2019, Ihe Trinancial Reporting Stsndard applicable in Ihe UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. LifeChuKh Manchester mccts the defmition of a public benefit entity undcr FRS 102. Assets and liabilitlcs initially recognised at historical cost or transartions value unless otherwise stated in the relevant accounting policy note(s). Pr¢parntion of the accounts on the going eoneern basis The Twst¢es have reviewed the circumstances of the charitsble group and Consider that adequate resources continue to be available to fund the activities of the Church, and of the LifeCentr¢, for the foreseeable futur¢. The Trustees are of the oplnion, therefore, that it remains appropriate to prepare ihe consolidated accounts on a going wn¢¢m basis. Group fingncial st*temtnls The financial statements consolidate the results of the charity and its wholly owned subsidiary Lifecenlre Events Limited on a line-by-llne basis. A separate Statement of Financlal Activities and Income and Expenditure account for the charity has not been presented because the charily has taken advantage of the exemption afforded by section 408 of the Companies Act 2006, Illeoming rtsourees All incoming resowLcs ar¢ included on the Statement of Financial Activities when the group is Icgally entitled to the income and the amount Gan be quantified with reasondble accuracy. Investment income compri5cs of intcrest receivable. Deferred in¢orning resourccs consist of amounts invoiced in advance for the hiring of facilitics Tclating kn the trading Subsidiary company. Activities for generating fimds relates to ihe income of the subsidiary undertaking. fjrants ue recognised on a receivable basis when ther¢ is evidence of enlitlement. receipt is probable, and its amount caT] be measured reliably. Lega¢y income is recognised when sufficient evid¢nce io claim entitl¢ment to the legacy has been received, receipt is probable, and the account can be measured reliably. Receipt 15 probable when Ibere has be¢n grant of probale, the execulors have established that sufficient assets to the estate will enable th¢ legacy to be paid and any wnditions attached to the legaoy are either within the control of the charity or have been met. io
Lfifechurch Manchester istered number: 5392860 Notes to the Financial Ststemelltg For the eareuded 31" Marcb 2025 Re50urees expended Expenditure is accounted for on an ¢nIalS basis and h&8 been Classified under headings th&t aggregate all costs elated io the category. Where costs cannot Ik directly attributed *0 particular headings, they have been allocated to activtties on a b&sis consistent with ihe usc of resources. Expenditure includes any VAT which cannot be recovered. Costs of generating funds relates to the expenditure of the subsidiary undertaking. Charitable activities relates to expenditure incuJTed in the furtherance of the charitable objectives. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Termination benefit5 Terniination benefits arc payable when employmerjt is terminated by the group beforc the norTnal retiremcnt dat or end of employmcnt contract Tennination costs dre recognised in full on the date of termination of thL contract. Goverllallce costs Governancc costs comprisc all costs involving the public accountability of the Gharity and ils compliance wilh regulation and good practice. Volunteers Th¢ value of serviGe5 provided by volunieers is not inco4y)rated into these financial statements. Further details of the contribution made by volunteers can be found in ihe Trustees, Annual Report. Tangible fixed assets IndiTridual fixed assets Gosting £1,000 or moTe are capitalised al cost and depreciated on a straight-line basis over th¢ eslimated useful liv¢s as follows: Freehold property Plant and machinery Fixtures, fittings and equipment 50 years 4 years 4 years Impairnient reviews are carried out when there is some indication that the Gatrying amount of a functiond fjxed asset is below lis net book value. Flxed Asset investments Investmcnts are ststed at historical ¢ost. Fixed asset investments includes cash deposits with a malurity date twelve months or more from thc balance sheet datc. Stocks StsKks are recognised at the lower of cost and esliTnaied selling price less costs io completc and Sell. Current asset investments Currcnt assel investments are stated at historical cost. Current asset investments include cash deposits with a maturity date of between four and twelve months from the ba]ance sheet dak. Debtors Trade and other debtors are recogni5ed at the settlement amoLmt due after any trdde discount off¢r¢d. Prepayments are valued at th¢ atnounl prepaid n¢t of any trade di5counls due. Cosh At bank alld hand Cash at bank and in hand includes cash and short terni highly liquid investments with a short maturity of four monihs or less from the date of acquisition or opening of the deposit or similar account. li
Lifechurch Manchester isttred number: 5392860 Notes to tbe Financial Statements For the ear en I" March 202 Credltors and provisions Creditors and provision5 are re¢ogntsed where the Charity has a present obligation resulting from a pasi event that will probably result in the transfer of fvnds to a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are recOgnis at their settlement &Tnount after allowing for any trnde discounts due. Concessionary logns Included in creditors are interest free concessionary loans which are recognised at the amount receive(Vrepayable. Opergting leases Renlals paid under operating leases are charged to thc Statement of Financial Activities on a straigbt-line basis over thc pcriud of ihe lease. Taxation As a registered charity, the company benefits from ratcs relief and is generally exempt from lllcome Tax, Corporation T&x and Capital Gains Tax, but not Va]ued Addcd T. Deferred tax is recognised in respect of all timing differences that have Originated but not reversed at the balancc sheet date. Timing diffcrences arise from the inclusion of income and ¢xpcn$es in tsx as5CS5n]ents in periods different from those in which they are recognised in financial statements. Deferred tax is m¢asuTed uslng laY rates and laws that have been enathed by the end and that are expected to apply to the reversa] of the timing ditT¢r¢nces. unreliev tlosSeS and other deferred tax ass¢ts ar¢ recognised only lo Ihe ¢xLent that it is probable that these will be recovered agai[ the reveJ3al of deferred tax liabilities or other future taxable profIt5. Pensloms The charity operates defined contribution pension schemes. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Aetiviiies in the period to which they relate. Fund #¢tounting Unrestricted funds are those funds for use at the discretion of the Trustees in furtherance of the genernl objective of the charity. Some of the unrestricted funds have been designated by the TnL8tees for spe¢ifiG purposes. Restricted lund5 ure subjected to restrictions on IhciT expenditure imposed by the donor or through the ternis of thc appeal. It Is the policy of the charity for any reclaimed on all typcs of gift aid payments to be retained by thc charity and placed in thc unrestricted funds. unless otherwise specifically rcqucsted by the donor. Support costs include telephone and website, photocopying) slationery and office costs. Rtlattd porty transactions The company has tsken advantage of the exemption in Financial Reporting Standard No. 8 'Related Paty Disclo¥ures' not ¢0 diloSe transactions with group companies which are eliminated on consolidation in thc group financial statements. Compony Status Lifechurch Manchester is a company limit¢d by guarantee. Th¢ members of the company are the Trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 12
Lifechureh Manchester istertd llumb¢r: 5392860 Notes to the Finaneial Statements Forthe ¢ar end¢d 31st Marcb 2025 DONATIONS AND GRANTS RECEIVED Unrestri¢ted Funds Restrlc¢ed Funds 2025 Total 2024 Tot Gifts and offerings Gift aid Grants received 456,410 89,608 28?75 484,785 89,608 481,369 84,645 890 546,018 28J75 574J93 556.904 13
Lifechurch Manebesler istered number: 5392860 Notes to the Ffin&nci&l Statements FOT th¢ ear ended 31" March 2025 INCOME FROM TRADING ACI'IVITIES As reported in subsidiary rinoncial statements 2025 2024 Turnover Cost of sales 332,909 (43,269) 312,117 (33,938} Gross profit Other inwm¢ Operating costs Staff cosls Governance costs (see note 9) Taxation Parent charity donation 289,640 150 (25,651) (141,048) {870) 383 (120,363) 278,179 89 (27,364) (126,876) (875) 416 (157,120) Profitl(loss)for the year 2341 (33,551) The Charitsble company owns l OOlJ/o of the share capital of Lifecentre Events Limited, a company registered in England and Wales (08196649). The company carries out the provision of supporting facilities and services to its parent company. The trading results are set out above. The resulis of the subsidiary company are included in these financial statements. At the 31" March 2025 the aggregate amount of this company's et4 liabilities, share capital and r¢serv¢s w&8: 2025 2024 Fixed &8sets Current assets Creditors.. amounts falling due within one year Provisions for liabilities 4,042 38J96 (26,414) (625) 6,215 34,782 (26,831) (l.(K)8) 15,399 13,158 Share capila] and re5erv¢s 15J99 13,158 14
Lifechurch Manchester isteTed number: 5392860 Noles to the FiDAneial Slatetnents For ¢he ear ¢D ed 31" March 2025 INVESTMENT INCOME All unrestricted funds 2025 2024 Deposit account interest 4,627 5,625 4,627 5,625 CHARITABLE ACTIVITIES Unrestrlcted Funds R¢strleted Funds 2025 Total 2024 Total M&ximise LifeTots LifeKids and Lifeyouth Life Church Heald Green Journ¢y counselling YLD income Other 33,579 33,579 532 9J15 2,795 10,614 3.919 31.380 5,888 4,112 5,154 6,180 2,000 250 6,532 9J15 2,795 10,614 3,919 33,175 33,579 66,754 54,964 OTHER INCOME All UnstrIcted fimds 2025 Total 2024 Total Other income 301 931 301 931 15
Llfechurch Manches¢¢r Re Istered number: 5392860 Notes to the Flnancial Statements rlhe ear ended 31" March 2025 CHURCH OPEIL4TING EXPENSES Unrestricted Funds Restricted Funds 2025 Total 2024 Total Travel Mission and outreach Gifts and donations Youth, children and Students Staff costs (Note 10) Use of premises Insurdnce Building maintenance Bank loan interest Bank and finance charge5 Lcgal and professional fees Depreciation Support and governance costs (Note 9) Loss on disposal of fixed asset5 4,561 46,867 27,885 26,795 238,892 44.298 7,689 29,254 23074 4,561 110?03 27,885 26,795 238,892 44,298 7,689 37,064 23,874 800 9,567 88,579 119,039 1,565 3,439 107,620 26,712 24,215 221,195 56,655 7,388 33,409 30,571 580 22,022 70,358 121,138 63,436 7,811 9567 88579 119,039 1,565 669,664 71,247 740,911 725.302 16
Liftchureh Manchester Kstered number: 5392860 Notes to the Financial St#tements rthe ear eDded 31°, Mareb 2025 SUPPORT AND GOVERNANCE COSTS Group Support costs Gov¢rllan¢e Costs 2025 Total 2024 Totsl Telephone and website Photocopying, stationery and olCe Staff costs Jndcpendent examiner'slAuditors' fees: IDdcpendent examination Independent examin¢T'sIAuditor5' fees: Other services 1.944 14.542 97,930 1,944 14,542 97,930 1,984 18.175 97,355 4,623 4,623 3,624 870 870 875 114,416 5,493 119,909 122,013 Cbarity Support C051s Govtrnalle¢ costs 2025 Total 2024 Total Telephone and websitr Photocopying. stationery and office StalT cos¢s Independent examiner'slAuditors' fees: Independent examination 1,944 14,542 97,930 1,944 14,542 97,930 1,984 18,175 97,355 4,623 4,623 3,624 114.416 4.623 119,039 121,138 17
Lifechurch Manthester Istered number: 5392860 Notes to the Flnaneial Statements For the ear end¢d 31st M8rch 2025 10. STAFF COSTS All unreslricted fijnds 2025 Croup 2024 Group 2025 Chxrity 2024 Charity Wages and salaries Social security Costs Pensions 408,567 23,395 36,193 381,849 22,049 34,888 282,697 17,856 26,854 268,955 17,002 25,952 468,155 438,786 327,107 311,909 There was one employee with employee benefit5 of £60,000 or more in the year (2024.. none). The key managcrnent persomiel of the parent charity. and of ihe group, comprise the Trustees, Senior Leader, Associale Pas¢or, Operations Manager and Location Leaders. The lolal cmploycc benefits of the key managcmcT]t pcr50nnel of the group were £224,640 (2024: £222,176). The average number of employees was as follows: 2025 2024 Charitablc aciivilies Support activitirs 11 20 19 31 30 TAXA TIOFI The charity is exempt from on income and gains falling within Section 505 of the TtLX¢S Act 1988 or section 252 of the T&Yation of Chargeable Gains Act 1992 10 the extent that these are applied io its charitable objects. Deferred tsx 2025 GTOUP 2024 Group 2025 Charity 2024 Charity Acceleraied capital allowances (383) (416)
LlfeCbur¢b Manchesttr R¢ Istrred number: 5392860 Notes lo Ihe FlnAncial Statements For the ear end¢d 31" Mar¢h 2025 12. TRUSTEES, REMUNERATION AND EXPENSES Gross salary Employer Nl Employ¢r pension Total 2025 Totsl 2024 Mr A J Barclay-watt 50,883 5,766 61,737 59,450 Trustees receive remunerdtion in respect of sei¢¢S they provide as staff and not in respert of their s¢rvices as a Trustee. One {2024.' one) Trustee was reimbursed £2,230 (2024: £2,851) for trnvel and sub515tenc¢ expense5 during the year. The remuneration of Truslees is in acGordan¢e with the TnLSt Deed which stipulates that the number of remunerated Trus*es should never be a majority. The number of Trustees to whom retirement benefits were ¢rUing was as follows: 2025 2024 Money PUTchase schemes 13. RESULTS OF CHARITABLE COMPANY As pernLitted by Section 408 of the Companies Act 2006, th¢ parent company's Income and Expenditure Account has not been included in these financial statement& The parent company's surplus for the fmancial year was £46,218 (2024.. £60,242}. J9
Lif¢Church Man hester istered number: 5392860 Notes to tht Fthallclaj Slatemen For the ear end i$t MArcb 2025 14. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Total Funds 2024 Income from.. Donations and legacies 513,341 53,563 s66.4 Charitable actlvities 23,584 31,380 54,964 Other trading activities 312,117 312.117 Inv¢stm¢nts 5,625 5,625 931 931 Totsl income 855,598 84,943 940,541 Exp¢nditur¢ on: Raising funds Cost of goods sold and other costs 188,963 188,963 Charitablc activiticb: Church operating cxpcnscs 651,820 73,482 725,302 Total expenditure 840.783 73,482 914,265 Net movement in funds before taxation 14.815 11,461 26,276 Taxation 416 416 Net movemenl in funds after ta¥atioD 15.231 11.461 26.692 RECONCILIATION OF FUNDS Total funds brought fonvard 1,888,798 22.204 1,911,002 Total fimds carried forward 1,904,029 33,665 1.937.694 20
Lifechurth Manchester istered number: 5392860 Notes to the Fio#nelal Statements For the ¢Ar end¢d 31st March 2025 15. TANGIBLE FIXED ASSETS All unrestricted funds Freehold property Plant ond Flxtures, fittings machintry and equipment Group Total COST: At I" April 2024 Additions Disposals Reclassify 3,298 4.436 194,655 3,782 (525) 25,580 3A97,974 3,782 {2581) {2J26) (25,580) At 31• March 2025 3.270,977 4.436 223,492 3,49&905 DEPRECIATION: At I" April 2024 Charge for year Charge on disposal Reclassify n2,459 65,420 (611) (6,617) 4,436 182961 29,114 (525) 617 909056 94,534 (1.136) At 31$1 March 2025 780,651 4A36 218,167 1,003354 NET BOOK VALUE: At 31$1 March 2025 2,490J26 5?25 2A95,651 At 31 March 2024 2.576,424 1,694 2,588,118 The Baptist Union Cotporntion Limited holds the title lo the W0rtY on trust for the cumt and futhre congregations of the church. They recognise that, whilst they hold legal title to the property, the local church should recognise the &sset, as well as any liabilities. It is likcly that there is a material diffeience between the opcn market value of the chaTily's property and its book value. The amount of such difference5 cannoi be ascertained without incurrlng significant cosLs which. in the opinion of th Trustees, is not justified in t¢rnis of Ihe benefit lo the user of the accounts. Th¢ charity's buildings have an insured value of £6,909,991. 21
Lifechurch Manebester istertd number.. 5392860 'ote5 to the Financial Statements For the ear ended 31" March 2025 15. TANGIBLE FIXED ASSETS (eont'd) Freehold property Fixtures, fittings equipmeDI Charity TotAI COST". At 1° April 2024 Disposals Reclassify 3298,883 {2?26) (25,580) 146,463 3,445J46 {2J26) 25J80 At 31° March 2025 3270,977 172,043 3,443.020 DEPRECIATION: At 151 April 2024 Charge for year Charge on disposal Reclassify 722,459 65,420 (611) (6,617) 140984 23,159 863,443 88.579 (611) 6,617 At 31" March 2025 780.6SI 170.760 951,411 NLT BOOK VALUF: Ai 31" March 2025 2.490J26 1283 2A91,609 At 31" March 2024 2,576,424 5,479 2,581,903 16. FIXED ASSET INVESTMENTS 2025 Group 2024 Group 2025 Charity 2024 Charity Shares in group undertakings The charity's investment in the share capita] of Lifecentre Events Limited 15 detailed in note 4 of the accounts. 22
Lifechllrth MaDohester Istered number: 5392860 Notes to the Tr)nancial Ststement$ For the ear ended 31Jl Marcb 2025 17. STOCKS 2025 Group 2024 Group 2025 Charity 2024 Chariry Café stock 1,915 1,428 18. CURRENT ASSET INVESTMENTS All unStrICted funds 2025 Group 2024 Group 2025 Charity 2024 Charity Fixcd tern] cash deposits 19. DEBTORS: AMOL'NTS FALLING DUE WITHIN ONE YEAR 2025 Group 2024 2025 Charity 2024 Charity Group Trade debtors Prepayments and accrued income 53348 14277 60,378 16,084 19,059 13,913 34,320 15,740 67,525 76,462 32,972 50,060 23
Lifechurch Manehester istered number: 5392860 Notes to the FiDancial Statements Forthe ear ¢Dd¢d 31" March 202 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 Group 2024 Group 2025 Charity 2024 Charity Trade creditors Taxation and social security Other creditor5 ACcrL5 and aftcr date payments D¢f¢rr¢d inrome Bank loan VAT Concessionary loons 10,669 6,999 11024 14,466 7.650 45,000 12,122 6.630 7,767 24.502 24,640 45,0(K) 5,649 7,629 6,999 7,059 11,048 7.826 6,630 7.688 22,671 12,665 45,0(K> 45,0(Kl 104,148 129,310 77,735 102,480 Income is deferred when a service, Such as the hiring of a conference room, ha5 bccn invoiced in advance of the date that the room is hired for. If, at the year end, thc hirc ha5 not laken place but the invoice has been raised. the income is carried fnnvard and released when ihc hiTC takes pLace. There is no deferyed incorne caTTied forward at the balance sheet date which has not been re¢eiv¢d durlng the current financial year. The bank loan is to be repaid in fiLII by 7 February 2028. The inl¢r¢sl rate on the loan is 2.3¥o over Barclays Base Rat¢. 21. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Group and Charity 2025 2024 Bank loan (repayable by instalments) in 2-5 years 238,896 326,215 Concessionary loans: falling due (not repayable by instslm¢nts) in 2-5 years 460,000 460,000 698,896 786,215 Concessionary loans included in notes 20 and 21 are interest free. 24
LifeCbur¢h Mall¢hester Ist¢red number: 5392860 Notes t the Financial tstements For the ear ended 3151 Mxreh 2025 22. SECURED DEBTS Group and Charity The following secured debts are included in creditors: 2025 2024 Bank loan Concessionary loan 283,896 360,000 371.215 360.000 643096 731,215 All secured debts are 5ecuTed on the land and buildings of the charitsble company. 23. RESERVES Grnup I" April Incoming ResoutS Movement 31Jl M#r¢h 2024 Resources Expended Jn provlsions 2025 Unrestrieted fuDds: eneral fund Designated funds 1095,434 8595 915,080 1,950 (875,798) (4554) 383 1,935,099 5,991 1904.029 917.030 (880J52) 383 1,941,090 Restricted fund5 33,665 61,954 (71247) 24J72 1937.694 978,984 (95199} 383 1,965,462 Designated funds relate to reserves thai are eannarked by the TDJstee5 for use towards tUre Church activities, as well as a number of local and wider community Causes. Restricted fiJnd5 relate to fund held on behalf of Maximise Sphere. Comparative net movement in fund5 included in the &bove are as follows.. 1st April Incoming Resources Movement 3 1° March 2023 Resources Expended in provisions 2024 Unrestricted funds: Gcneral fund Designated funds 1,878,799 9.999 855.023 575 (838,804) (1,979) 416 1,895,434 8.595 1,888.798 855,598 (840,783) 416 1.904.029 Restricted funds 22,204 84,943 (73,482) 33,665 1,911.002 940,541 (914,265) 416 1,937,694 25
Llfechureh Mallehester istered number: 5392860 Notes to the Financial Statemen For the ear tlld¢d 31°, March 2025 23. RESERVES {CoTrt'd) Chority 11¢ Aprll Incoming R¢source$ Movement 31" Marcb 2024 Resources Expended in provislons 2025 Unrestricted funds". General fund Designa*d funds IW2,276 8,595 702,383 1,950 (664.959) (4,554) 1,919,700 5.991 I J90071 704J33 (669513) 1,925,691 Restricted funds 33,665 61,954 (71,247) 24,372 1,924,536 766287 (740.760) 1.950,063 Designated funds relale to reserve5 that are emarked by the Trustees for use towards future Church activities, as well as a number of loc and wider community causes. Restricted fvnds relate lo fund held on behalf of Nlaximise Sphere. Comparative net movement in funds included in the above are as follows: 1st April Incoming Resources Movement 2023 ResoU¢S Expended in provisions 31°March 2024 Unrestricled fimd5: General lund DesIgned ndS 1,832,090 9,999 732.420 575 (682,234) (1,979) 1,881276 8,595 1,842,089 732,995 (684.213) 1,890,871 Restricted fvnds 22.204 52,613 (41,152) 33,665 1,864.293 785,608 (725,365) 1,924,536 26
Lrfechurch Mantbester R Istered number: 5392860 Notts to the Fin2nclal Stgtelnents For the ear ended 31" March 2025 24. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Total Funds General Designat¢d Restritted TanyThle fixed asstts Cash al bonk and in hand Other net Current as$ttsl{liabilitles) Credithrs of rnore th#n one year Provisions for liabilities 2,495,651 195,028 (81,097) (698096) {625) 2.495ffi51 204,040 (34,708) {698,896) {625) 5,991 3,021 46,389 1,910,061 5,991 49,410 1965,462 Analysis of group net assets between funds- prior year General Tots] Funds Designated Restricted Tangible fixed assets Cash at bonk and in hand Othcr ne¢ current a5setsl{liabilities) Creditors of moTe tljan one yeaT Provisions for liabilities 2.588,118 175,365 (165.826) (701,215) (1,008) 2,588,118 188,218 (136,419) (701,215) (1,008) 8.595 4,258 29,407 1,895,434 8,595 33,665 1.937,694 25. oPERATG LEASE COMMtTMENTS Group and ebarity 2023 2024 Amounts falling due: Less than one year Between two and five years More than five years 1,730 3,029 108 739 108 4,867 851 Lease paymenls recognised in expenditure during the year totals £1,730 (2024.. £2,525). 27
Lifecburch Manchester R Istered number: 5392860 Notes to the Fin4neial Statements For th¢ ¢ar ended 31"M4r¢h 202 26. RELA TED PARTY DISCLOSURES Th¢ ¢haritl' is Controlled by the Trnstees. See not 12 for details of the Trustees, remuneration and expenses. Pension contributions paid on behalf of Trnstees during the year was £4,770 (2024: £4,982). During the year. the Trus*es and other related parties made donations to the cbariry, Wlthout conditions. totalling £43,030 (2024.. £43,080). Life Church Hcald GrL"cn (LCHG) is a regislered charity that wa5 Lolltrolled by Lifechurch Manchester during the year and had one mutual trust¢¢, P A Flatman. During ihe year. Lif¢Church Manchester paid exp¢nscs on behalf of LCIIG of £2,454 (2024: £5,903). During the year, Lifechurch ManchesteT employed the servic¢s of close family members of Trustces A J Barclay- Watt. This related paty received employee benefits during the year totalling £5,088 (2024.. £5,618). LifeChur¢h Manchester also en)ployed the spouse of a member of the group'5 key management personnel who received employee benefits totalling £3,596 (2024: £3,181) during the year. Details of the total employee benefits relating to Key Management Employees is detailed in note 10, 27. PENSION COMMITMELYTS The charily operate,s defined contribution pcnsion schemes for its employee5. Thc assets of the schemes are held separatcly from thus¢ ofthe group in indep¢nd¢ntly adrninistered fund,q. Contributions payable for the year ar¢ harged to the Stat¢rn¢nt of Finanrial Activities. The pension charg¢ included in the Statement of Finan¢ial Adivities for the year was £36,193 (2024.. £25,952). 28
LifeChuTeh Manehester Lstered nwmber: 5 92860 Notes to the FiDgncial Statsments For the ear eDded 31" March 2025 28. RECONCILIA TION OF NET MOVEMENT IN FUIYDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 Group 2024 Group 2025 Charity 2024 Charity Net movemcnt in funds before tax 27J85 26,276 25,527 60.241 Depreciation charges Loss on disposal of fjed assets Finance costs Finance income 94.534 1,565 23,874 (4.627) 72,750 88,579 1565 23,874 (4,627) 70.358 30,571 (5,625) 30,571 (5,625) 124.281 123,972 116,468 155,545 (Increase)Idecrea5e in stock (Increasc)/decrease in trade and other debtor5 Increase in trade and other creditors (487) (559) 8,937 3,208 17,088 (22.706} (3,612) 25.5lO 2586 21,963 Net cash used in operating activities 129,119 152,131 136,142 154,802 29