CHARITY REGISTERED NUMBER : 1128526
LIFE CHURCH, BRACKLEY
STATEMENT OF ACCOUNTS FOR THE YEAR ENDING 31ST DECEMBER 2020
Tove Accountancy Ltd Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
Page 1
LIFE CHURCH, BRACKLEY
LEGAL AND ADMINISTRATIVE INFORMATION
----- Start of picture text -----
Registered Charity No. 1128526
----- End of picture text -----
Trustees
----- Start of picture text -----
Correspondence
Address
----- End of picture text -----
----- Start of picture text -----
Accounting Start Date
----- End of picture text -----
----- Start of picture text -----
Accounting Closing Date
Constitution
Governing Document
----- End of picture text -----
Objects
----- Start of picture text -----
D Withers
G Robinson
A Britchfield (appointed 31/03/2020)
V Thorne (resigned 31/03/2020)
LifeChurch Brackley
c/o Brackley Baptist Church
Waynflete Close
Brackley
Northants
NN13 6AE
01/01/2020
31/12/2020
Registered 12th March 2009
Trust Deed dated 15th December 2008 as amended by resolution dated 9th
February 2018
----- End of picture text -----
-
A TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS APPEARING IN THE SCHEDULE HERETO IN BRACKLEY NORTHAMPTONSHIRE AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE TRUST.
-
B TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KIND, INCLUDING THROUGH THE PROVISION OF COUNSELLING AND SUPPORT IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT
-
C TO PROVIDE FACILITIES FOR RECREATIONAL AND OTHER LEISURE-TIME OCCUPATION IN THE INTERESTS OF SOCIAL WELFARE FOR PERSONS WHO HAVE NEED BY REASON OF THEIR YOUTH POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE IN BRACKLEY AFORESAID AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT
Area of Operation
Charity operates in locations in England and Wales Brackley, Northamptonshire
Page 2
LIFE CHURCH, BRACKLEY TRUSTEES REPORT FOR THE YEAR ENDING 31ST DECEMBER 2020
Structure, Governance and Management
LifeChurch, Brackley has been led by a leadership team which determines the strategies and spiritual direction of the church. This team has appointed trustees who are responsible for all required duties of the charity including legal compliance, finances, human resources and any property requirements.
Objectives and Activities
The mission statement of the charity is:
"We are a church family of ordinary people living out what it means to follow Jesus Christ everyday. We are a lively, relevant and relaxed church family in the heart of Brackley that is filled with the Spirit of God and committed to: Learning, Caring, Worshipping, Sharing" (see www.lifechurchbrackley.com).
2020 wasa year of adaptation as a result of Covid-19 restrictions. Activities of LifeChurch, Brackley were changed to provide on-line church services, children and youth programmes, mid-week home group gatherings, spiritual discipleship courses, and training and education. Despite restrictions, community assistance and the staging of special outreach events continued but less frequently.
Risk Management
Appropriate steps have been taken to ensure all necessary DBS checks are made on those with any paid or volunteer responsibilities where they might be required. All required insurance cover is in place.
The Safeguarding policy has been reviewed and updated and Safeguarding training sessions are delivered to paid and volunteer staff.
An on-going review of the other major risks to which the church could be exposed is undertaken and systems are implemented to mitigate those risks where possible. Both the risks and systems are regularly reviewed.
Achievements and Performance
Numbers attending the regular on-line services have remained consistent throughout the year and have been equivalent with those attending in person previously.
Very sadly, LifeChurch Brackley’s Children and Youth Worker lost her fight against cancer and died in August. She had put in place programmes of support, teaching and worship for young people, and these have continued throughout 2020 though almost all have been provided on-line. A new staff member has been recruited to oversee these initiatives.
LifeChurch Brackley works alongside Christians in Sport providing 6 joint internships for young people.
The following are some 2020 highlights:
-
Weekly prayers - on-line + Weekly Zoom Sunday services
-
Weekly ladies coffee morning + Several ‘Messy Church’ events for families
-
7 specially recorded YouTube services for the community including a Carol Service watched by 1,000 * Continuing pastoral support for people in need in the community
-
Books and other teaching materials provided to local schools for Christmas
Page 3
LIFE CHURCH, BRACKLEY TRUSTEES REPORT CONTINUED FOR THE YEAR ENDING 31ST DECEMBER 2020
Fund Raising Policy
LifeChurch, Brackley receives funds through regular tithes from members and weekly church offerings. It does not employ the services of a professional fund-raiser or commercial participator.
Grant Making Policy
The intention is for the church to grant approximately ten percent of its income to external causes that are compatible and complimentary to the mission and charitable requirements of LifeChurch Brackley.
Financial Review
Income for 2020 was £96,242 while expenditure was £84,781. There was an expected deficit to allow for the cost of preparing accommodation for interns and other missional initiatives. Reserves carried forward were £101,959. It is intended that expenditure will not exceed income in 2021.
Investment Policy and Performance
The charity has no investment policy.
Reserves Policy
The trustees have agreed that a 4 month working capital reserve is suitable. There are sufficient funds to cover this.
Plans for the Future
Restrictions allowing, to explore the possibility of a new venue that allows for greater missional impact in the community. To continue with the intern partnership with Christians In Sport.
To continue to support international mission partnerships in order to share resources and help alleviate poverty.
Signed Declaration of Trustees:
----- Start of picture text -----
Signed we MMU ATA AM ery Trustee Dated: AEN ILENE '
Print Name RA,491 > ee ElHERS
----- End of picture text -----
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE CHURCH, BRACKLEY
| report to the trustees on my examination of the accounts of the above charity (the Trust’) for the year ended 31st December 2020 as set out on the following pages.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
° the accounting records were not kept in accordance with section 130 of the Charities Act; or ° the accounts did not accord with the accounting records; or ° the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. | have no concerns and have come across no other matters in connection with the examination to which attention should be AngeladrawnOAinPafry-Stonethisreport in\orderESto enablesme a proper understandingDatedof the accountsAw\lOuU\2021....to be reached. For and on behalf of:
----- Start of picture text -----
Tove Accountancy Ltd
----- End of picture text -----
Office 6 Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS
Page 5
LIFE CHURCH, BRACKLEY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31ST DECEMBER 2020
| 2020 | 2020 | 2020 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Designated | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | Funds | |||
| £ | £ | £ | £ | £ | |||
| INCOME | |||||||
| Donations and Legacies | 3a | 68,578 | - | 24,897 | 93,475 | 93,700 | |
| Charitable Activities | 3b | 2,767 | . | - | 2,767 | 4,350 | |
| Investments | 3c | - | - | - | - | - | |
| Total Income | 71,345 | . | 24,897 | 96,242 | 98,050 | ||
| EXPENDITURE | |||||||
| Raising Funds | 4a | - | - | - | - | - | |
| Charitable Activities | 4b | 59,884 | - | 24,897 | 84,781 | 122,516 | |
| Other Expenditure | 4c | - | . | a | é | = | |
| Total Expenditure | 59,884 | - | 24,897 | 84,781 | 122,516 | ||
| Netmovement in funds | 11,461 | - | . | 11,461 | - | 24,466 | |
| Total funds brought forward | 90,498 | - | - | 90,498 | 114,964 | ||
| Totalfundscarriedforward | 101,959 | - | - | 101,959 | 90,498 |
Page 6
LIFE CHURCH, BRACKLEY
BALANCE SHEET
AS AT 31ST DECEMBER 2020
----- Start of picture text -----
Note 2020 2019
Tangible Fixed Assets
Tangible Assets 8 2,842 6,868
Current Assets
Gift Aid Debtor 9 3,179 4,544
Cash at bank 11 96,946 80,094
and in hand
100,125 84,639
Current Liabilities
Amounts falling due 10 1,008 1,008
within one year
Net Current Assets 99,117 83,631
Total assets less current liabilities 101,959 90,498
Funds of the Charity
Designated 0 0
Unrestricted funds 101,959 90,498
Restricted funds 0 0
Total Funds 101,959 90,498
responsibilities in relation to financial statements
Law requires requires the Trustees to prepare financial statements for each each financial year which which comply with with the
set out in the Charities Act 2011.
On behalf of the trustees
Signed wlth A-——>Trustee Date Ra LAL /
Print Name CDA... beethee
----- End of picture text -----*
Trustees responsibilities in relation to financial statements
Charity Law requires requires the Trustees to prepare financial statements for each each financial year which which comply with with the regulations set out in the Charities Act 2011.
Page 7
LIFE CHURCH, BRACKLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31ST DECEMBER 2020
1. BASIS OF PREPERATION
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. These accounts 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 (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
1.2 Going concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
1.5 Material prior year errors
No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).
2. ACCOUNTING POLICIES
2.1 Income
Recognition of income These are included in the Statement of Financial Activities (SOFA) when: = the charity becomes entitled to the resources; «itis more likely than not that the trustees will receive the resources; and « the monetary value can be measured with sufficient reliability
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Page 8
LIFE CHURCH, BRACKLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31ST DECEMBER 2020
2.2 Expenditure and liabilities
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with
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.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred Income
No material item of deferred income has been included in the accounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment 33.3% Straight Line on cost Fixtures and Fittings 33.3% Straight Line on cost
----- Start of picture text -----
3. INCOME 2020 2020 2020 2020 2019
Unrestricted Designated Restricted Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
a) Donations and Legacies
Tithes & Offerings 55,940 - 24,897 80,836 78,938
Gift Aid reclaimed 12,638 - - 12,638 14,762
Legacies ~ - * -
Grants from other charities - - = s
68,578 : 24,897 93,475 93,700
b) Charitable Activities
Evangelism and Events 2,767 - - 2,767 4,350
Sale of Tickets - - . - -
Sundry Income - “ i
2,767 - - 2,767 4,350
c) Investments
Bank Interest - - s = a
SS
rm
Neeaeeee ee
Total Income Income 71,345 : 24,897 96,242 98,050
----- End of picture text -----
----- Start of picture text -----
Total Income Income
----- End of picture text -----
Page 9
LIFE CHURCH, BRACKLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31ST DECEMBER 2020
| 4, EXPENDITURE | 2020 | 2020 | 2020 | 2020 | 2019 |
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Raising Funds | |||||
| 0 | 0 | 0 | 0 | 0 | |
| b) Expenditure on Charitable Activities | |||||
| Donations & Sponsorship | 428 | 500 | 928 | 4,228 | |
| Welfare & Hospitality | 75 | 75 | 540 | ||
| Youth Work | 985 | 985 | 3,984 | ||
| Wages & pension | 24,959 | 24,959 | 46,030 | ||
| Rent | 4,218 | 4,218 | 7,000 | ||
| Intern Costs Advertising/Promotion |
6,025 461 |
24,397 | 30,422 461 |
26,211 353 |
|
| Evangelism and Events | 3,742 | 3,742 | 13,108 | ||
| Training &Seminars Printing, postage and stationery |
664 189 |
664 189 |
1,264 860 |
||
| Telephone and fax | 715 | 715 | 892 | ||
| Repairs and renewals | 379 | 379 | 404 | ||
| Insurance Computer Costs |
944 1,599 |
944 1,599 |
934 836 |
||
| Motor and travelling expenses | 16 | 16 | 38 | ||
| Bank Charges | 0 | 0 | 0 | ||
| Subscriptions | 898 | 898 | 912 | ||
| Office rent | 6,000 | 6,000 | 7,426 | ||
| Sundryexpenses | 596 | 596 | 632 | ||
| Depreciation | 5,981 | 5,981 | 5,855 | ||
| Examination fees | 1,008 | 1,008 | 1,008 | ||
| 59,884 | 0 | 24,897 | 84,781 | 122,516 | |
| c) Other Expenditure | |||||
| 0 | 0 | 0 | 0 | 0 | |
| Totalexpenditure | 59,884 | 0 | 24,897 | 84,781 | 122,516 |
Page 10
LIFE CHURCH, BRACKLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31ST DECEMBER 2020
| 5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE | |||
|---|---|---|---|---|
| 5.1 Fees for examination of the accounts | 2020 | 2019 | ||
| E | £ | |||
| Independent examiner's fees | 1,008 | 1,008 | ||
| Otherfees paid to the independent examiner | 0 | 0 | ||
| Scania | es | |||
| 6. PAID EMPLOYEES | ||||
| 6.1 Staff Costs | 2020 | 2019 | ||
| £ | £ | |||
| Salaries andwages | 23,323 | 37,502 | ||
| Social securitycosts | (514) | 5,379 | ||
| Pension costs (defined contribution scheme) | 1,038 | 2,671 | ||
| Otheremployee benefits | 0 | 0 | ||
| Total staffcosts | 23,847 | 45,552 | ||
| Noemployees received employee benefits (excluding employer pension costs) forthe reporting | ||||
| period of more than £60,000 | ||||
| 6.2 Average head count in theyear | ||||
| Charitable activities | 2 | 3 | ||
| 7. GRANTS PAYABLE greaterthan £1000 | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Christians In Sport | 0 | 4,000 | ||
| 0 | 4,000 | |||
| Grants to Individuals and Institutions under £1000 | under £1000 | |||
| Grants to Individuals & Institutions | 0 | 0 | ||
| 928 | 228 | |||
| Total | 928 | 4,228 | ||
| 8. TANGIBLE FIXEDASSETS | ||||
| Equipment Fixtures& |
Total | |||
| Fittings | ||||
| Cost Additions Disposals |
01/01/20 | £ £ 48,204 1,956 0 |
7,701 0 0 |
£ 56,905 1,956 0 |
| Cost at | 30/12/20 | 50,160 7,701 he Ah |
57,862 | |
| Depreciation Charge Disposal |
01/01/20 | 44,617 3,414 0 |
4,421 2,567 0 |
49,038 5,981 0 |
| Depreciation at | 30/12/20 | 48,031 6,988 55,019 aa hs |
||
| NetBookValue | 30/12/20 | 2,129 | 713 | 2,842 |
| Net BookValue | 31/12/19 | 3,587 | 3,280 | 6,868 |
| 9. DEBTORSAND PREPAYMENTS | ||||
| 31/12/20 | 31/12/19 | |||
| GiftAidDebtor | £ 3,179 |
£ 4,544 |
Page 11
LIFE CHURCH, BRACKLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31ST DECEMBER 2020
10. CREDITORS AND ACCRUALS
| 10. CREDITORS AND ACCRUALSAND ACCRUALSACCRUALS | |||||
|---|---|---|---|---|---|
| 31/12/20 | 31/12/19 | ||||
| £ | £ | ||||
| Accruals | 1,008 | 1,008 | |||
| 11. CASH ATBANK | 31/12/20 | 31/12/19 | |||
| £ | £ | ||||
| Lloyds TSB -Treasurers Account | 96,946 | 80,094 | |||
| 96,946 | 80,094 | ||||
| 12. ANALYSIS OF NETASSETS BETWEEN FUNDS | |||||
| Unrestricted | Designated | Restricted | Total | ||
| Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | ||
| Fund Balances at 31st December2020 are represented by: | |||||
| Tangible FixedAssets CurrentAssets |
2,842 100,125 |
0 | 0 | 2,842 100,125 |
|
| Creditors: amounts falling duewithin one year | (1,008) | (1,008) | |||
| 101,959 | 0 | 0 | 101,959 |
13. DESIGNATED FUNDS
There were no designated funds in the financial period.
14. RESTRICTED FUNDS
----- Start of picture text -----
Balance Balance
Note 01-Jan-20 Income Expenditure 30-Dec-20
£ £ £ £
Intern Costs 0 24,397 24,397 0
Brackley Food Bank 0 500 500 0
0 24,897 24,897 0
----- End of picture text -----
15. PAYMENTS TO TRUSTEES
During the period Emily Withers was paid £631.25 for Freelance Communication services There were no other payments made to Trustees or connected persons other than for the reimbursement of ordinary charitable activity expense claims.
16. LEASE OR HIRE PURCHASE AGREEMENTS
No finance leases or hire purchase agreements were undertaken in the financial period. There is a 3 year lease for office space at £7,000 pa which expires 31st December 2021
Page 12