CHARITY REGISTERED NUMBER : 1128526
LIFE CHURCH, BRACKLEY
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
Tove Accountancy Ltd Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
LIFE CHURCH, BRACKLEY LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity No. 1128526 Trustees G Robinson Paul Hodson Nathan Smith Correspondence address Life Church Brackley 25 Westminster Croft Brackley NN13 7ED Constitution Registered 12th March 2009 Governing Document Trust Deed dated 15th December 2008 as amended by resolution dated 9th February 2018 Area of Operation Charity operates in locations in England and Wales Brackley, Northamptonshire
Objectives
To advance the Christian faith and to relieve sickness and financial hardship and to promote and preserve good health and to provide facilities for recreation in the interests of social welfare.
LIFE CHURCH, BRACKLEY TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
Structure, Governance and Management
Life Church, Brackley has been led by a 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 every day. We are a lively, relevant and relaxed church family in the heart of Brackley which is filled with the spirit of God and committed to learning, caring, worshipping and sharing."
2021 was a year of …..
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 may be required. All required insurance cover is in place.
The safeguarding policy has been reviewed and updated and training sessions are delivered to paid and volunteer staff.
An ongoing 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 online 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.
LifeChurch Brackley works alongside Christians in Sport providing 6 joint internships for young people and the following are some highlights:-
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Weekly prayers - on-line
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Weekly Sunday services
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Relaunch of Life Groups by holding initial sessions to gain buy in
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Continuing pastoral support for people in need in the community
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One to one mentoring of teenagers in the church
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Christmas theatre event hosted for Saltmine at Southfields School
LIFE CHURCH, BRACKLEY TRUSTEES REPORT CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022
Fund Raising Policy
Life Church, 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 10% of its income to external causes which are compatible with and complimentary to the mission and charitable requirements of Life Church, Brackley.
Financial Review
Income for 2022 was £00,000, and expenditure was £00,000. Reserves carried forward were £000,000. It is intended that expenditure will not exceed income in 2022 except for the There are sufficient funds held.
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
Signed Declaration of Trustees:
Signed Print Name
Paul Hodson Paul Hodson
Trustee Dated:
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 2022 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:-
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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 Nadine Pickworth For and on behalf of: Tove Accountancy Ltd
Office 6 Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS
LIFE CHURCH, BRACKLEY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| 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 |
2022 2022 2022 2022 2021 Unrestricted Designated Restricted Total Total Funds Funds Funds Funds Funds £ £ £ £ £ 49,018 518 0 49,536 74,246 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 49,018 518 0 49,536 74,246 |
|
| 0 0 0 0 0 41,524 518 0 42,042 66,874 0 0 0 0 0 |
|
| 41,524 518 0 42,042 66,874 7,494 0 0 7,494 7,372 109,331 0 0 109,331 101,959 |
|
| 116,825 0 0 116,825 109,331 |
LIFE CHURCH, BRACKLEY
BALANCE SHEET AS AT 31ST DECEMBER 2022
| 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 |
2022 £ 2,474 116,085 |
2022 2021 £ £ 0 2,566 107,121 109,687 1,008 116,825 116,825 0 116,825 0 116,825 |
2021 £ 652 108,679 |
|---|---|---|---|
| 118,559 1,734 |
|||
| 109,331 | |||
| 0 109,331 0 |
|||
| 109,331 |
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 Print Name Paul Hodson
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
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).
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
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.
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.
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
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 for 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 |
2022 2022 2022 2022 2021 Unrestricted Designated Restricted Total Total Funds Funds Funds Funds Funds £ £ £ £ £ 39,294 518 0 39,812 62,025 9,724 0 0 9,724 12,221 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 49,018 518 0 49,536 74,246 |
|
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 49,018 518 0 49,536 74,246 |
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
| 4. EXPENDITURE | 2022 | 2022 | 2022 | 2022 | 2021 |
|---|---|---|---|---|---|
| **Unrestricted ** | **Designated ** | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Raising Funds | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | |
| b) Expenditure on Charitable Activities | |||||
| Donations & Sponsorship | 0 | 518 | 0 | 518 | 6,100 |
| Welfare & Hospitality | 0 | 0 | 0 | 0 | 722 |
| Youth Work | 0 | 0 | 0 | 0 | 788 |
| Wages & pension | 17,092 | 0 | 0 | 17,092 | 16,695 |
| Rent | 5,761 | 0 | 0 | 5,761 | 7,315 |
| Intern Costs | 7,000 | 0 | 0 | 7,000 | 17,586 |
| Advertising/Promotion | 1,297 | 0 | 0 | 1,297 | 61 |
| Evangelism and Events | 1,555 | 0 | 0 | 1,555 | 2,160 |
| Church programmes | 1,026 | 0 | 0 | 1,026 | 0 |
| Training & Seminars | 1,266 | 0 | 0 | 1,266 | 1,474 |
| Printing, postage and stationer | 469 | 0 | 0 | 469 | 126 |
| Telephone and fax | 332 | 0 | 0 | 332 | 998 |
| Repairs and renewals | 0 | 0 | 0 | 0 | 922 |
| Insurance | 949 | 0 | 0 | 949 | 940 |
| Computer Costs | 647 | 0 | 0 | 647 | 1,192 |
| Travelling expenses | 83 | 0 | 0 | 83 | 47 |
| Bank Charges | 3 | 0 | 0 | 3 | 0 |
| Subscriptions | 1,296 | 0 | 0 | 1,296 | 804 |
| Office rent | 0 | 0 | 0 | 0 | 4,500 |
| Office expenses | 103 | 0 | 0 | 103 | 0 |
| Sundry expenses | 457 | 0 | 0 | 457 | 1,246 |
| Depreciation | 652 | 0 | 0 | 652 | 2,190 |
| Accounting | 1,536 | 0 | 0 | 1,536 | 1,008 |
| 41,524 | 518 | 0 | 42,042 | 66,874 | |
| c) Other Expenditure | |||||
| 0 | 0 | 0 | 0 | 0 | |
| Total expenditure | 41,524 | 518 | 0 | 42,042 | 66,874 |
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
| 5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE | |||
|---|---|---|---|
| 5.1 Fees for examination of the accounts | 2022 | 2021 | |
| £ | £ | ||
| Independent examiner’s fees | 1,008 | ||
| Other fees paid to the independent examiner | 0 | 0 | |
| 0 | 1,008 | ||
| 6. PAID EMPLOYEES | |||
| 6.1 Staff Costs | 2022 | 2021 | |
| £ | £ | ||
| Salaries and wages | 14,304 | 15,767 | |
| Social security costs | 1,624 | 0 | |
| Pension costs (defined contribution scheme) | 1,164 | 928 | |
| Other employee benefits | 0 | 0 | |
| Total staff costs | 17,092 | 16,695 | |
| 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 | 1 | 1 | |
| 7. GRANTS PAYABLE greater than £1000 | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Pro-Vision International | 0 | 0 | |
| Nicodermus Trust | 0 | 0 | |
| 0 | 0 | ||
| Grants to Individuals and Institutions under £1000 | |||
| Grants to Individuals & Institutions | 0 | 6,100 | |
| Total | 0 | 6,100 |
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
8. TANGIBLE FIXED ASSETS
| 8. TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Cost 01/01/22 Additions Disposals Cost at 31/12/22 Depreciation 01/01/22 Charge Disposal Depreciation at 31/12/22 Net Book Value 31/12/22 Net Book Value 31/12/21 9. DEBTORS AND PREPAYMENTS Gift Aid Debtor 10. CREDITORS AND ACCRUALS Accruals 11. CASH AT BANK Lloyds TSB - Treasurers Account |
Equipment Fixtures & Fittings £ £ 50,160 7,701 0 0 0 0 |
Total £ 57,861 0 0 |
| 50,160 7,701 |
57,861 | |
| 49,508 7,701 652 0 0 0 |
57,209 652 0 |
|
| 50,160 7,701 |
57,861 | |
| 0 0 652 0 2022 £ 2,474 2022 £ 1,734 2022 £ 116,085 116,085 |
0 652 2021 £ |
|
| 2,566 | ||
| 2021 £ |
||
| 1,008 | ||
| 2021 £ 107,121 |
||
| 107,121 |
LIFE CHURCH, BRACKLEY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
|---|---|---|---|---|
| **Unrestricted ** | **Designated ** | Restricted | Total | |
| Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | |
| Fund Balances at 31st December 2022 are represented | by: | |||
| Tangible Fixed Assets | 0 | 0 | ||
| Current Assets | 118,559 | 0 | 0 | 118,559 |
| Creditors: amounts falling due within one year | (1,734) | (1,734) | ||
| 116,825 | 0 | 0 | 116,825 |
13. DESIGNATED FUNDS
There were no designated funds in the financial period.
14. RESTRICTED FUNDS
| Intern Costs Ukraine Brackley Food Bank |
Balance Balance 01-Jan-22 Income Expenditure 31-Dec-22 £ £ £ £ 0 0 0 0 0 518 518 0 0 0 0 0 |
|---|---|
| 0 518 518 0 |
15. PAYMENTS TO TRUSTEES
There were no 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.