**CHARITY REGISTERED NUMBER : 1128526**
## **LIFE CHURCH, BRACKLEY**
## **STATEMENT OF ACCOUNTS**
**FOR THE YEAR ENDED 31ST DECEMBER 2021**
Tove Accountancy Ltd Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
Page 1
## **LIFE CHURCH, BRACKLEY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Registered Charity No.**
1128526
## **Trustees**
D Withers (resigned 1st July 2021) G Robinson A Britchfield (resigned 5th October 2021) Paul Hodson (appointed 6th October 2021) Nathan Smith (appointed 29th June 2021)
**Correspondence** Life Church Brackley **Address** c/o Brackley Baptist Church Waynflete Close 25 Westminster Croft Brackley Brackley Northants NN13 7ED NN13 6AE **Accounting Start Date** 01/01/2021 **Accounting Closing Date** 31/12/2021 **Constitution** Registered 12th March 2009 **Governing Document** Trust Deed dated 15th December 2008 as amended by resolution dated 9th February 2018
## **Objects**
- **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 ENDED 31ST DECEMBER 2021**
## **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).
2021 was a year of further adaptation and change as a result of varying Covid-19 restrictions. The year began with on-line church services, children and youth programmes and progessed to mid-week home group gatherings, spiritual discipleship courses and training and education as restrictions eased. As the year progressed, the church began to meet, initially taking great care to comply with social distancing and mask wearing. By the year end, the church was meeting in largely normal circumstances.
## **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. Physical attendance was less initially as people grew in confidence to return to physical meetings.
The church ended the lease with Brackley Baptist Church during the year, for both worship space and office space. The church moved to the Brackley Football Club for Sunday meetings and other meetings such as Alpha to enable a greater missional impact in the community.
LifeChurch Brackley works alongside Christians in Sport providing 6 joint internships for young people.
The following are some 2021 highlights:
- Weekly prayers - on-line
- Weekly Sunday services
- Relaunch of Life Groups by holding initial sessions to gain buy in and establish the model used
- Continuing pastoral support for people in need in the community
- One to one mentoring of teenagers in the church
- Christmas theatre event hosted for Saltmine at Southfields School
Page 3
## **LIFE CHURCH, BRACKLEY TRUSTEES REPORT CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **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 2021 was £74,246 while expenditure was £66,784. Reserves carried forward were £109,331. It is intended that expenditure will not exceed income in 2022 except for the possible initial costs of a paid pastor if they are recruited during the year. There are sufficient funds in reserves to cover an initial shortfall if required.
## **Investment Policy and Performance**
The charity has no investment policy. Funds are held in a bank account to enable easy access.
## **Reserves Policy**
The trustees have agreed that a 4 month working capital reserve is suitable. There are sufficient funds to provide this.
## **Plans for the Future**
The church will review the use of the Football Club and any additional staffing requirement during 2022.
Signed Declaration of Trustees:
Signed Paul Hodson Trustee Dated: 25/05/2022 Print Name Paul Hodson
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE CHURCH, BRACKLEY**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31st December 2021 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”).
I 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, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I 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.
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.
|Nadine Pickworth|Dated|27/05/2022|
|---|---|---|
|Nadine Pickworth|||
|For and on behalf of:|||
|Tove Accountancy Ltd|||
|Office 6 Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS|||
Page 5
## **LIFE CHURCH, BRACKLEY**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**Note**
**INCOME**
Donations and Legacies
3a
Charitable Activities
3b
Investments
3c
**Total Income**
**EXPENDITURE**
Raising Funds
4a
Charitable Activities
4b
Other Expenditure
4c
**Total Expenditure**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**2021**
**2021**
**2021**
**2021**
**2020**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
60,234
-
14,012
74,246
93,475
-
-
-
-
2,767
-
-
-
-
-|
|---|---|
||**60,234**
**-**
**14,012**
**74,246**
**96,242**|
||-
-
-
-
-
52,862
-
14,012
66,874
84,781
-
-
-
-
-|
||**52,862**
**-**
**14,012**
**66,874**
**84,781**
**7,372**
**-**
**-**
**7,372**
**11,461**
**101,959**
**-**
**-**
**101,959**
**90,498**|
||**109,331**
**-**
**-**
**109,331**
**101,959**|
Page 6
## **LIFE CHURCH, BRACKLEY**
## **BALANCE SHEET**
## **AS AT 31ST DECEMBER 2021**
|**Note**
**Tangible Fixed Assets**
Tangible Assets
**8**
**Current Assets**
Gift Aid Debtor
**9**
Cash at bank
**11**
and in hand
**Current Liabilities**
Amounts falling due
**10**
within one year
**Net Current Assets**
**Total assets less current liabilities**
**Funds of the Charity**
Designated
Unrestricted funds
Restricted funds
**Total Funds**|652
2,566
107,121
109,687
1,008
108,679
109,331
0
109,331
0
109,331
**2021**|652
2,566
107,121
109,687
1,008
108,679
109,331
0
109,331
0
109,331
**2021**|
2,842
3,179
96,946
100,125
1,008
99,117
101,959
0
101,959
0
101,959
**2020**|
2,842
3,179
96,946
100,125
1,008
99,117
101,959
0
101,959
0
101,959
**2020**|
|---|---|---|---|---|
||109,687
1,008||100,125
1,008||
||||
||
|||109,331||101,959|
|||0
109,331
0||0
101,959
0|
|||109,331||101,959|
## **Trustees responsibilities in relation to financial statements**
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011.
On behalf of the trustees
Signed Paul Hodson Trustee Date 26/05/2022 Print Name Paul Hodson
Page 7
## **LIFE CHURCH, BRACKLEY**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. BASIS OF PREPARATION**
## **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;
▪ it is 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 ENDED 31ST DECEMBER 2021**
## **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
|**3. INCOME**
**a) Donations and Legacies**
Tithes & Offerings
Gift Aid reclaimed
Legacies
Grants from other charities
**b) Charitable Activities**
Evangelism and Events
Sale of Tickets
Sundry Income
**c) Investments**
Bank Interest
**Total Income**|**2021**
**2021**
**2021**
**2021**
**2020**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
48,013
-
14,012
62,025
80,836
12,221
-
-
12,221
12,638
-
-
-
-
-
-
-
-|
|---|---|
||**60,234**
**-**
**14,012**
**74,246**
**93,474**|
||-
-
-
-
2,767
-
-
-
-
-
-
-
-|
||**-**
**-**
**-**
**-**
**2,767**|
||-
-
-
-
-|
||**-**
**-**
**-**
**-**
**-**|
|||
||**60,234**
**-**
**14,012**
**74,246**
**96,241**|
Page 9
## **LIFE CHURCH, BRACKLEY**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**4. EXPENDITURE**
**a) Expenditure on Raising Funds**
**b) Expenditure on Charitable Activities**
Donations & Sponsorship
Welfare & Hospitality
Youth Work
Wages & pension
Rent
Intern Costs
Advertising/Promotion
Evangelism and Events
Training & Seminars
Printing, postage and stationery
Telephone and fax
Repairs and renewals
Insurance
Computer Costs
Motor and travelling expenses
Bank Charges
Subscriptions
Office rent
Sundry expenses
Depreciation
Examination fees
**c) Other Expenditure**
**Total expenditure**|**2021**
**2021**
**2021**
**2021**
**2020**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||**0**
**0**
**0**
**0**
**0**|
||6,100
6,100
928
722
722
75
788
788
985
16,695
16,695
24,959
7,315
7,315
4,218
3,574
14,012
17,586
30,422
61
61
461
2,160
2,160
3,742
1,474
1,474
664
126
126
189
998
998
715
922
922
379
940
940
944
1,192
1,192
1,599
47
47
16
0
0
0
804
804
898
4,500
4,500
6,000
1,246
1,246
598
2,190
2,190
5,981
1,008
1,008
1,008|
||**52,862**
**0**
**14,012**
**66,874**
**84,781**|
|||
||**0**
**0**
**0**
**0**
**0**|
|||
||**52,862**
**0**
**14,012**
**66,874**
**84,781**|
Page 10
## **LIFE CHURCH, BRACKLEY**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE**
**5.1 Fees for examination of the accounts**
Independent examiner’s fees
Other fees paid to the independent examiner
**6.1 Staff Costs**
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
**6. PAID EMPLOYEES**|**2021**
**£**
1,008
0
**1,008**
**2021**
**£**
15,767
0
928
0
**16,695**|**2020**
**£**
1,008
0|
|---|---|---|
|||**1,008**|
|||**2020**
**£**
23,323
(514)
1,038
0|
|||**23,847**|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
|**6.2 Average head count in the year**
Charitable activities
**7. GRANTS PAYABLE greater than £1000**
Pro-Vision International
Nicodermus Trust
**Grants to Individuals and Institutions under £1000**
Grants to Individuals & Institutions
**Total**|**1**
**2021**
**£**
2,000
3,500
5,500
600
**6,100**||
|---|---|---|
|||**2**|
|||**2020**
**£**
0
0|
|||0|
||||
|||928|
||||
|||**928**|
## **8. TANGIBLE FIXED ASSETS**
|Cost
01/01/21
Additions
Disposals
Cost at
31/12/21
Depreciation
01/01/21
Charge
Disposal
Depreciation at
31/12/21
**Net Book Value**
**31/12/21**
**Net Book Value**
**31/12/20**
**9. DEBTORS AND PREPAYMENTS**
Gift Aid Debtor|**Equipment**
**Fixtures &**
**Total**
**Fittings**
**£**
**£**
**£**
50,160
7,701
57,861
0
0
0
0
0
0|**Equipment**
**Fixtures &**
**Total**
**Fittings**
**£**
**£**
**£**
50,160
7,701
57,861
0
0
0
0
0
0|
|---|---|---|
||50,160
7,701
57,861||
||48,031
6,988
55,019
1,477
713
2,190
0
0
0||
||49,508
7,701
57,209||
||**652**
**(0)**
**652**
**2,129**
**713**
**2,842**
**31/12/21**
**31/12/20**
**£**
**£**
2,566
3,179||
|||3,179|
Page 11
## **LIFE CHURCH, BRACKLEY**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**10. CREDITORS AND ACCRUALS**
**31/12/21**
**£**
Accruals
1,008
**11. CASH AT BANK**
**31/12/21**
**£**
Lloyds TSB - Treasurers Account
107,121
**107,121**
**12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Designated**
**Restricted**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
Fund Balances at 31st December 2020 are represented by:
Tangible Fixed Assets
652
Current Assets
109,687
0
0
Creditors: amounts falling due within one year
(1,008)
109,331
0
0|**10. CREDITORS AND ACCRUALS**
**31/12/21**
**£**
Accruals
1,008
**11. CASH AT BANK**
**31/12/21**
**£**
Lloyds TSB - Treasurers Account
107,121
**107,121**
**12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Designated**
**Restricted**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
Fund Balances at 31st December 2020 are represented by:
Tangible Fixed Assets
652
Current Assets
109,687
0
0
Creditors: amounts falling due within one year
(1,008)
109,331
0
0|**31/12/20**
**£**|
|---|---|---|
|||1,008|
|||**31/12/20**
**£**
96,946|
|||**96,946**|
|||**Total**
**Funds**
**£**
652
109,687
(1,008)|
||109,331
0
0|
109,331|
## **13. DESIGNATED FUNDS**
There were no designated funds in the financial period.
## **14. RESTRICTED FUNDS**
|Note
Intern Costs
Brackley Food Bank|Balance
Balance
01-Jan-21
Income
Expenditure
31-Dec-21
**£**
**£**
**£**
**£**
0
14,012
14,012
0
0
0
0
0|
|---|---|
||0
14,012
14,012
0|
## **15. PAYMENTS TO TRUSTEES**
During the period the following payments were made to trustees:-
Emily Withers £368 Freelance communication services Tara Smith £15,265 Salary
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