OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Lifehouse Ministries

2025-03-31-accounts

LIFEHOUSE MINISTRIES

Charity Number: 1130081 Company Number: 6889092

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

LIFEHOUSE MINISTRIES

CONTENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Legal and administrative information 1
Trustees Annual Report 2 - 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the financial statements 7 - 13

LIFEHOUSE MINISTRIES

REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

Charity number 1130081
Company number 6889092
Contact Address & c/o The Lifehouse
46 King Harold Road
Colchester
Essex
CO3 4SE
Trustees Mrs S V Newman - Treasurer & Chair
Mr M R James - Trustee
Ms S R Stephenson - Trustee
Independent Examiner Community 360
Winsley's House
High Street
Colchester
Essex, CO1 1UG
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

1

LIFEHOUSE MINISTRIES

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Lifehouse Leadership Report 2024-2025

It has been an amazing year.

In September we organised another Shrub End Community Fun Day. Around 250+ people came and it was an amazing time. We had bouncy castles, crafts, games and activities. We also gave away free ice creams which went down a treat. On top of all that we had the team from Tiptree come and put on a Spirit Cafe. Numerous ‘treatments’ were given and many people received words from the Lord and went away encouraged.

Sally Stephenson has brought together a team of people to help create a discipleship resource for the church. This is currently in the works and we hope to launch it in August/September.

Our Presence Nights have been well attended and are growing each month. At the end of the year we decided to add 1 hour of soaking onto the end of each Presence Night. We have had around 6-8 people stay and many have reported that any prophetic words shared were spot on and they felt blessed and encouraged.

The Shrub End Youth Club is continuing to grow and we are slowly deepening our relationships with the young people that attend.

We have established three new Life Groups which all meet twice a month. It’s wonderful to have a growing team of leaders and spaces for people to meet together outside of a Sunday. Jon and Bec also now host a monthly group for the Life Group leaders to support and equip them in their role.

As we now have a small number of youth attending Lifehouse we have established a new group called Trailblazers for secondary aged children. This meets once a month during a Sunday celebration and at other times for socials.

We are continuing to work closely with Love Shrub End and help at their Thursday Community Cafe. We have between 80-100 young people come over from the local secondary school to enjoy free snacks and play different games.

How are we doing?

Statistically our average Sunday Celebration attendance has grown from 30 to 36 and we are having a good number of people attending for the first time. Our membership has increased and we have had 1 salvation and 8 baptisms.

This coming year

This year we are hosting another conference called ‘How Deep the Father’s Love’. We are expecting a full house and God to move powerfully.

We will also host Easter and Christmas events and hold another Community Fun Day.

FINANCIAL REPORT 2024/25

Income for the year was marginally less than expenditure. We were encouraged by the growth in the number of new members and the increase in the level of giving. The balance on the current account remained steady throughout the year apart from one month when we needed to transfer £2000 from our savings account when the balance became low.

It was agreed by the membership to increase the salaries of Jon and Rebecca Taylor from April 2024. Jon Taylor’s salary will rise to £10.901.28 per annum for 15 hours per week and Rebecca Taylor’s salary to £7.267.98 per annum for 10 hours per week. The total salary budget will be £18.169.26.

2

LIFEHOUSE MINISTRIES

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

MISSION GIVING

We have again continued to support three charities - Christian Youth Outreach, Beacon House and Love in Action. Payments are made to them quarterly.

We also send 10% of our income to Catch the Fire for our Affiliate Subscription.

BUDGET

The budget for the coming year is achievable but challenging. Income is expected to increase as the membership continues to grow and we are confident we will be able to fulfill our aims for the coming year.

RESERVES

We continue to hold a reserve amount of £6.000 in unrestricted funds as a contingency to cover 2 months of operation. The Trustees consider that our finances are sound and that we have met our objectives throughout the year.

Statement of Trustee's responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on the behalf by:

S Newman (Chair of Trustees)

Date:

3

LIFEHOUSE MINISTRIES

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

I report on the accounts of Lifehouse Ministries for the year ended 31 March 2025 which are set out on pages 5 to 13.

Respective responsibilities of trustees and examiner

The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

David Courtier FMAAT AATQB for and on behalf of: Community360

Winsley’s House, High Street, Colchester, Essex

Date 13/10/2025

4

LIFEHOUSE MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Notes
Incoming resources
Incoming resources from generating funds:
Donations and legacies
3
Other income
4
Total incoming resources
Resources expended
Charitable activities
Giving
5
Other charitable activities
6
Total resources expended
Net income/(expense) for the year
Reconciliation of funds
Total Funds B/Fwd
Total Funds C/Fwd		 2024
£
42,684
2,337
Unrestricted
Funds		 2024
£
420
-
Restricted
Funds		 2025
£
43,104
2,337
Total Funds		 2024
£
34,770
1,116
Prior period
Total Funds
45,022 420 45,442 35,886
4,800
42,024		 -
-		 4,800
42,024		 4,800
37,553
46,824 - 46,824 42,353
(1,802)
137,851		 420
91		 (1,382)
137,942		 (6,467)
144,409
136,049 511 136,560 137,942

The notes on pages 7 - 13 form an integral part of these financial statements.

5

LIFEHOUSE MINISTRIES

BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 8 109,350 110,931
Current assets
Cash at bank and in hand 23,191 23,025
Debtors 9 4,328 4,411
27,520 27,436
Creditors: amounts falling due within one year 10 310 425
Net current assets 27,210 27,011
Total assets less current liabilities 136,560 137,942
Total net assets 136,560 137,942
Funds
Unrestricted income funds 11 136,049 137,851
Restricted income funds 11 511 91
136,560 137,942

For the year ended 31 March 2025 the charity was entitiled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and were authorised for issue. They are signed on behalf of the board by:

Signed

Date S Newman Chair of trustees

6

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 General Information

The charity is registered as a private charitable company limited by guarantee, registered in England & Wales,

2 Accounting policies

2.1 Basis of preperation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Lifehouse Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements do not include a cash flow statement become the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements".

2.2 Income

All income is recoginised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably,

Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recoginised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

7

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2 Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible assets and depreciation

Tangible fixed assets are initially recognised at costs. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and In hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liablilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance costs.

2.9 Financial instruments

The company only has financial assets and financial liabilities of a kind that quality as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

8

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2.10 Fund accounting

General funds are unrestricted funds which are avaliable for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3
Donations and legacies
2025
2025
Unrestricted Restricted
£
£
Donations and offerings
42,684
420
42,684
420
4
Other incoming resources
2025
2025
Unrestricted Restricted
£
£
Other unrestricted income
1,828
-
Investment income
510
-
2,337
-
5
Analysis of grants
Grants to
Institutions
2025
£
Love in Action
1,200
Beacon House
1,200
Christian Youth Outreach
2,400
4,800		 2025
Total
£
43,104
43,104
2025
Total
£
1,828
510
2,337
Total
funds
2025
£
1,200
1,200
2,400
4,800		 2024
£
34,770
34,770
2024
Total
£
619
497
1,116
Total
funds
2024
£
1,200
1,200
2,400
4,800

9

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6 Analysis of charitable activities expenditure

Advancing Christian religion
Relieving need, hardship & suffering
worldwide
Education & training
Governance
Love in Action
Beacon House
Christian Youth Outreach
Total 2024		 Charitable
activities
2025
£
22,513
-
-
-
-
-
23,324
20,693
811		 Grant
funding of
activities
2025
£
-
-
-
1,200
1,200
2,400
4,800
4,800
-		 Support
costs
2025
£
-
14,974
3,726
-
-
-
18,700
16,860
-		 Total
funds
2025
£
22,513
14,974
3,726
1,200
1,200
2,400
46,824
42,353
811		 Total
funds
2024
£
19,901
14,007
2,852
1,200
1,200
2,400
792
42,353

Analysis of costs

Human resources
Ministry costs
Buildings
Admin, misc &
depreciation
Governance costs
Total 2024		 Advancing
Relieving
Christian
need &
Religion
hardship
2025
2025
£
£
8,292
-
9,613
506
3,311
-
-
-
22,513
811
19,901
792
Charitable activities
1,298
305		 Education
& training
Governance
2025
2025
£
£
10,366
-
-
-
3,311
-
-
3,726
14,974
3,726
14,007
2,852
Support costs
1,298
-		 Total
funds
2025
£
18,658
10,119
6,621
3,726
42,024
37,553
2,900		 Total
funds
2024
£
13,127
7,740
10,178
2,852
3,656
37,553

Support costs are allocated to different activities on a percentage basis - based on time for human resources and ministry costs and usage for other costs.

7 Trustee remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £Nil)

During the year ended 31 March 2025, no trustee expenses have been incurred (2024 - £Nil)

10

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Tangible fixed assets
Cost or valuation
At 1 April 2024
Additions
As at 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024		 Freehold
Freehold
Property
Fixtures and
Property
Improvements
Fittings
£
£
£
84,053
32,758
7,263
-
-
-
-
84,053
32,758
7,263
-
7,205
5,938
-
655
925
-
7,860
6,863
84,053
24,897
400
84,053
25,553
1,325		 Total
£
124,074
-
-
124,074
13,143
1,580
14,723
109,350
110,930

The freehold property from which the charity operate was transferred to the company in 2009 by Kingsland Church Trust at nil consideration, as a gift in kind.

The amount recognised at the time, as a donated fixed asset, was £83,000. This property is not depreciated. Associated land transfer costs are included in the cost of property. Further building works have increased the cost of the freehold property seen in the total above, since this date.

In the trustees' opinion, depreciation applied to the building works fairly reflects the carrying value of the overall property.

9. Debtors

9. Debtors
Due within one year
Other debtors - gift aid - recoverable
Prepayments
10. Creditors
Falling due within one year
Accruals and deferred income		 Total
2025
£
4,188
140
4,328
Total
2025
£
310
310		 Total
2024
£
4,273
139
4,412
Total
2024
£
425
425

11

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. Statement of funds

Unrestricted funds
General Funds
Designated funds
Total Unrestricted Funds
Restricted funds
Jenny Lamb
Toronto
Building fund		 As at
31-Mar-24
£
137,337
514
137,851
As at
31-Mar-24
£
70
21
-
91		 Income
£
45,022
-
45,022
Income
£
-
-
420
420		 Expenditure
£
46,824
-
46,824
Expenditure
£
-
-
-
-		 Prior year
adjustment
-
-
-
Transfer of
funds
-
-
-
-		 As at
31-Mar-25
£
135,535
514
136,049
As at
31-Mar-25
£
70
21
420
511

The designated fund is set aside for future building works.

12. Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
2025
£
Tangible fixed assets
109,350
Current assets
27,009
Creditors due within one year
(310)
136,049		 Restricted
funds
2025
£
-
511
-
511		 Total
funds
2025
£
109,350
27,520
(310)
136,560

13. Related party transactions

The total aggregate of donations received from trustees/related parties was £3,000 (2024: £2,440).

12

LIFEHOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15 Previous year statement of financial activities

Notes
Incoming resources
Incoming resources from generating funds:
Donations and legacies
3
Other income
5
Total incoming resources
Resources expended
Charitable Activities
Giving
Other charitable activities
Total resources expended
Net income/(expense) for the year
Prior year adjustment
Reconciliation of Funds
Total Funds B/Fwd
Total Funds C/Fwd		 2024
£
34,770
1,116
35,886
4,800
37,553
42,353
(6,467)
-
144,318
137,851
Unrestricted
Funds		 2024
£
-
-
-
-
-
-
-
-
91
91
Restricted
Funds		 2024
£
34,770
1,116
Total Funds
35,886
4,800
37,553
42,353
(6,467)
-
144,409
137,942

A statement of financial activities for 2024 is shown here for comparative purposes as per Charity SORP regulations.

13