2021-03-31-accounts

Charity number: 1132352

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 16

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Dr G Toworfe Rev J Addo Rev M Ayisi

Charity registered number 1132352

Principal office

3 Shipman Court Willen Park Milton Keynes Buckinghamshire MK15 9DB

Accountants

GIL Accountancy Services 177 Ballens road Chatham Kent ME5 8PG

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES for the year 1 April 2020 to 31 March 2021.

Objectives and activities

. Policies and objectives

Bible Life Family Ministries was registered as a charity on 27 Oct 2009. It has a three-member board of trustees. The primary aims of the Trust are to fulfil the responsibilities of a Christian Church in the Milton Keynes and to promote the wellbeing of humanity as a whole. We also aim to provide help to all people with the view to advancing the Christian Faith in towns, cities and counties in the United Kingdom and overseas. Without question, this year has been challenging globally in dealing with COVID-19 crisis.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

. Activities undertaken to achieve objectives

The Church has several activities which are directed at achieving our aims. Our activities include weekly services, Bible studies and teachings, corporate quarterly fasting and prayer, outreaches (evangelism), welfare, counselling and different ministry programmes. It includes interceding for the nation, a key part of our prayer force.

In view of the measures taken by the government in response to COVID-19 pandemic, all face-to-face meetings were cancelled for a greater part of the year.

Through technology, payer sessions were held to pray corporately and intercede for the UK and the nations of the world. We also used various platforms to stay connected and keep members encouraged, strengthened and hopeful in these difficult times.

Achievements and performance

. Main achievements of the Charity

Despite a difficult year, the Church continued to pursue its aims and objectives. Youth meetings were patronised well. Meetings addressed the needs, concerns and aspirations of the youth to ensure their development, progress and wellbeing.

Corporate Prayer Force was held weekly to address individual, corporate and national concerns. These moments offered a time of encouragement, renewal and refreshing to members.

Our women’s programmes continue to empower them in building strong and healthy families where children flourish and to build them up wholly to excel in every area of their lives.

Welfare programmes continue to grow, supporting the needy and helping the poor. Support was given to individuals as were identified to deal with the difficulties of the times. We also supported the advancement of the Gospel of Jesus Christ and Action for Disability Development in carrying out their charitable work.

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review

. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

. Reserves policy

The Charity seeks to maintain reserves which match any obligation, such as to employees, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure.

At the balance sheet date, the unrestricted reserves stood at £10,274 (2020 - £4,285).

. Principal funding and administration

The Church is funded by wilful donations from members and other interested individuals. Our transaction records are kept by appointed non-paid members of the Church. Financial decisions are made by the Trustees in consultation with the Church leadership who have the biblical oversight. Trustees are responsible for creating and monitoring budgets. They also have the powers of appointment or removal of any Trustee with the approval of the Church leadership. New Trustees are primarily selected from the members of the Church or from the leaders of other local churches sharing the same vision. When new trustees are appointed, the existing Trustees spend time with them to ensure they understand their responsibilities and the legal and financial framework in which the Church operates.

Structure, governance and management

. Constitution

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES is a registered charity, number 1132352, and is constituted under a Trust deed.

. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Plans for future periods The Church aims to continue io advance its mission of saving souls, making disciples, raising leaders. transforming lives and improving communities. The Church continues to explore getting a permanent place of meèbng to promote Ils m¢s510n and lo facilitate our charitable opeiations. This y￿11 help us lo embark on our vision to build a Bible and Healing School. We aim to expand through planting people-centred churches in other parts of UK and the world. Conferences centred on achieviw our aims will continue to be held. Slatemenl of Trustee5' responslbllllles Tlie Trublees are responsible lof p￿parIng ihe Tru$lees' roport and the financial slalefflents in accordance with applicaNe law and Unile(J Kingdom Accounting s￿ndards (United KIng￿r Generally Accepled Accounting PraCt￿e1. The law applicable lo charities in England & Wales requires Ihe Truslees lo prepare financial statefflents for each financial year ￿1¢￿ give a true and lair view of the slate o18ffairs ol the Charity and of its incomin9 resources and application ol ￿$OUrCes. includiiig 11$ income and expenditure, for Ihal period. In p￿parIng Ihese flnAnuAI stalemenls, the Trustees are reqliired lo.. SuitaNe accounting KKAicies and Ihen apply them consistently.. observe the Tnethods and principles of the Charrties SORP IFRS 1021., mako judgmenls and aceounling oslimales that are reasonable and prudent.. slate whether applicable UK Accounting Standards IFRS 1021 have been followed. suty'ecl lo any mal&rial departures disclosed an(J eX￿ained In ltte financial statements", prepare the financial statemenls on the g￿ng concern basis unl8ss il is inapwopriata to Pfesume that the Charity will r￿￿tinue in busir¥ess. The Trustees 3re respNJnsible for keeping adequate accounting records Ihal are 5Lrfficienl lo show and explain the Charty's Iransacfions and disclose with reasonable accuracy al any time the finanaal p¥)sition of the Chartty and enable them to ensure tbal the firkancial statements comply wrth the Charities Act 2011. the Charitv IAcpniints anrt Rewrtsl Regulatsons 2008 and the provision5 of the Trust deed. They are also ￿SponSible for safeguarding the assets of the Charity and hence for taking reasonable step5 for the prevention and detection of fraud an(J other irregularities. Approved by order of the members of the board of Trustees on 23 January 2022 and syned on Iheir behalf by". Rev J Addo Page 4

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do 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.

Signed: Dated: 23 January 2022

D Tabiri FCCA ACIE

177 Ballens Road Chatham, ME5 8PG

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note Income from: Donations and legacies 3 Total income Expenditure on: Raising funds 4 Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 28,877 28,877 424 22,464 22,888 5,989 4,285 5,989 10,274	Total funds 2021 £ 28,877 28,877 424 22,464 22,888 5,989 4,285 5,989 10,274	Total funds 2020 £ 25,343 25,343 1,693 29,640 31,333 (5,990) 10,275 (5,990) 4,285

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEY14ES BALANCE SHEEr AS AT 31 MARCH 2021 2021 Nots 2020 Fixed assets Tangible assels 2,080 Current assets 2,080 Cash at bank and in hamt 10.394 2,470 10,394 2.470 Creditors." aMI￿nIS falling due within one year 10 {1201 (265) Net Current ass*ts 10,274 Total a8sets less CU￿ert Ilabilities 10,274 4.285 Net assgts excluding penslon asset 10,274 4.285 Total nèt asset8 10.274 4,285 Charity lund8 Restricted fvnds Unreslrirted fvnds 12 12 10,274 4,285 Total fund5 10,274 4.285 The finanThal statements were approved and aulhorised for Issue by the Trustees and signed on their behalf by. Rev J Addo Dale." 23 January 2022 The notes on pages 8 10 16 form part of these financk41 stalements. Page 7

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES is a registered charity, number 1132352, and is constituted under a Trust deed.

2. Accounting policies

2.1 Basis of preparation 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 Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES 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.

2.2 Income

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

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

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 raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. 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.

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

Depreciation is provided on the following bases:

Motor vehicles	- 20% on cost
Fixtures and fittings	- 20% on cost
Church equipment	- 20% on cost
Computer equipment	- 20% on cost

2.6 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.

2.7 Liabilities 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 Charity 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 cost.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify 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.

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.9 Fund accounting

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

3. Income from donations and legacies

Unrestricted funds 2021 £ Donations 22,077 Government grants 6,800 28,877 Unrestricted funds 2020 £ Donations 25,343	Total funds 2021 £ 22,077 6,800
	28,877
	Total funds 2020 £ 25,343

4. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total
	funds	funds
	2021	2021
	£	£
Church & Ministry expenses	424	424

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

	Unrestricted	Total
	funds	funds
	2020	2020
	£	£
Church & Ministry expenses	1,693	1,693

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted funds 2021 £ Cost of generating funds 22,464 Unrestricted funds 2020 £ Cost of generating funds 29,640	Total funds 2021 £ 22,464
	Total funds 2020 £ 29,640

6. Analysis of expenditure by activities

	Activities
	undertaken	Support	Total
	directly	costs	funds
	2021	2021	2021
	£	£	£
Cost of generating funds	19,838	2,626	22,464

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Cost of generating funds Analysis of direct costs	Activities undertaken directly 2020 £ 26,368	Support costs 2020 £ 3,272	Total funds 2020 £ 29,640

Charitable donations Staff salaries Refreshments Vehicle running expenses Rent Honorarium Hospitality Evangelism, conferences & programs	Total funds 2021 £ 7,056 9,600 1,004 2,178 - - - - 19,838	Total funds 2020 £ 5,650 9,600 1,964 4,227 2,802 1,250 595 280
		26,368

Analysis of support costs

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Computer and internet expenses Depreciation Dues and subscriptions Printing, postage and stationery Sundry	Total funds 2021 £ 119 2,079 264 164 - 2,626	Total funds 2020 £ 119 2,697 70 148 238
		3,272

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £ - ( 2020 - £ - ).

8. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity for the provision of services to the charity. The value of Trustees' remuneration and other benefits was as follows:

		2021	2020
		£	£
Rev J Addo	Remuneration	9,600	9,600

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Tangible fixed assets

Cost or valuation At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020	Motor vehicles £ 7,600 7,600 6,138 1,462 7,600 - 1,462	Fixtures and fittings £ 592 592 592 - 592 - -	Office equipment £ 4,160 4,160 3,674 486 4,160 - 486	Computer equipment £ 1,722 1,722 1,591 131 1,722 - 132	Total £ 14,074
					14,074
					11,995 2,079
					14,074
					-
					2,080

10. Creditors: Amounts falling due within one year

	2021	2020
	£	£
Trade creditors	120	265

11. Financial instruments

	2021	2020
	£	£
Financial assets
Financial assets measured at fair value through income and expenditure	10,394	2,470

Financial assets measured at fair value through income and expenditure comprise cash at bank.

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds	Balance at 1 April 2020 £ 4,285 Balance at 1 April 2019 £ 10,275	Income £ 28,877 Income £ 25,343	Expenditure £ (22,888) Expenditure £ (31,333)	Balance at 31 March 2021 £ 10,274
				Balance at 31 March 2020 £ 4,285

13. Summary of funds

Summary of funds - current year

General funds Summary of funds - prior year General funds	Balance at 1 April 2020 £ 4,285 Balance at 1 April 2019 £ 10,275	Income £ 28,877 Income £ 25,343	Expenditure £ (22,888) Expenditure £ (31,333)	Balance at 31 March 2021 £ 10,274
				Balance at 31 March 2020 £ 4,285

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BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2021 £ Current assets 10,394 Creditors due within one year (120) Difference (1) Total 10,273	Total funds 2021 £ 10,394 (120) 1 10,273

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2020 £ 2,080 2,470 (264) 4,286	Total funds 2020 £ 2,080 2,470 (264) 4,286

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