Reglstèr8d number: 07033697 Charity number: 1134281 Lifeline Church (A company limited by guarantee> Trustees, report and finanGial statements for the year ended 31 March 2024 Lifeline chU￿h IA company Ilmit￿ by guarantee) Contents Page R&ference and admini5trativo qlelails of the Chaiity. Its Trnstees and athitsers Trustees. report Independent audilorfs report on the financial statements Consolidated statement of financlal activities 2-12 13.16 17 Consolldated balance sheet Charlty balance sheet Consolidatsd $tat¢meTht of cash flows 19 20 Notes to the financlal statemgnts Llfgllne Church IA company limited by guarantee) Rèference and administrative details of the Charity. its Trustees and advlsers for tho yoar ended 31 March 2024 Trustees A M¢lntyre N Jaqutts R Griffin K Jarvis Company reglstered nurnbeT 07033697 Charity registored nvmb8r 1134281 Registered office Lifeline House 25 Neville Ro￿1 Dagenham Essex RM83QS Company secretary A Mclnlyre Ind•pendent auditor Kreston Reeves LLP Chartered Accountants statutory Auditors Montague Place Quayside Chatham Maritime Chatham Kenl ME4 4QU Bankers CAF Bank Limiled 25 Kings Hill Avenue Kings Hill West Mallin9 Kent ME19 4JQ Shawbrook Bank Limited Lulea House Warley Busine55 Paik, The Drive Great Warley Brenlwood Essex CM13 3BE Page 1 Lifèllne Church IA company limlted by guarantse) Tru$te•s' report for the year 8nded 31 March 2024 The Trustees present their annLTral report together with the audrted financial slatÈmènls of the Group and the Chaiily for the year 1 April 2023 10 31 March 2024. The annual report seNes the purposes of both a TruSt￿S, ieport and a DireGlors' report undw ¢M)pany law. The Truslees confirm thal the annual ieport and financial statements of the Charity compiy with the current ststutory reouiiemenls, the requirements of the Chartys goveining document arbd the provi5K)ns of the Statement of Recommended Practice ISORPI applicable lo charilie5 preparing their accounts in ￿cOrdar￿ with the Financial Reporb"ng Slandard applicable In Ihe UK and Republic of Ireland IFRS102) {effective 1 January 20191. Since the group and the Charity qualrfy as small under section 363 of the CompanEs Act 2006. the gTOUP strategic report required of medium and large companies under the Companies Act 2006 (Stratègic Report and Directors. Reiknl Regulaticms 2013 has been cmnilled. Oblecllves and actlvltles a. Pollcles and obSe¢tlves The Charity5 L*)jecls are-. To advan￿ the Christian faith. To advance education. To relieve persons in needs. hardship or dISt￿$$_ To protnole the preservation and prgtectton of hea￿h. To promote the provision of facilities for recreation and other leisure adNities in the interest of social we5fare. To promle the provision of training and rdieve unemployment. The Trustees have paid due regard lo guidaw issued by the Charity commiss￿ in deciding what actiwliès the Charity should undertake. In setting objectives and planning for acttvrties. the Trustees have gNen due Consideration to general guidan published by the Charily Commission relating to public benefit. including the guidancè 'PUbl￿ benefit" running a charity IPB21'. b. Grant-making policies The charity makes a monlhty grant to Lrfeline Nefv￿rk Intemalional equivalent to Df the general gifts Ilithes and offerings) ieceived in that month. It is paid lo Lrfeline Network International as a tilhe. One off grdnls are made by the ttuslees al Iheir discietK)n and in accordance with the charitable purposes of the chaiily. Each request or situathjn will be considered on its own merit. In awarding the grants. the Iiustees wll consider any requests or known siiualions that are elgible for consideration.. From any geographi￿1 area within the UK and 0¥￿seas." From organisations and indimduals alike_ c. Volunteers Volunteers are a core part of all aspects of the Church's actiwties. All actwitiès are run by volunteers and they are supported by the Church's Leadership Team and small stsff adminislialion team. Volunteers lake responsibility for small groups, evenls, pastoral care. set up. youth and children's aclivilies. All of these have moved back lo running as faCe40-fa￿ events, although a small te￿ proV￿e a live streaming facilily for Sunday morning Meeti￿$. Page 2 Lrfeline Church A company Ilmited by guarantee) Trustees. report Icontinuedl for the year ended 31 March 2024 Achievements and performance a. ￿vI0W ol activitigs reLine Cthirch For more than four decades. LifeLine Church has been meeting every Sunday morning for teaching, worship and lellrywship and to update the congregation about any devek¥>ments in the kical community or in the network ovewsea5. The Trustees of LrfeLine Church have an intentional forward-lod(ing stan￿. which is facilitating prudent strategic oversight of transrtion as the Church adjusts lo a year of chango. The leadership has overseen the joys of an excellent Church holiday and increased depth of conne¢lion rvJht across the LrfeLine Ne￿ork. Alongside this. a highèr than anlicipaled turnover of rnembership. coupled wth subslantial ill-heamh, has brought a weighty chalenge lo the syhole Church. A continuation fr￿n the Cowd years has seen a steady stream of visitors arriving weekly, which brings a weatth of fresh invofvemenl. And the Trustees are inspired as they knok back al the past yearfs diary, which shows an abundance of generosty. seNing. lovè and care throughout the Church. A simple summary of some activrtEs bears Ihts out. There have been 4 Foundation Courses (for those keen lo bec(me full members)", 8 people have chosen to be bapts.sed in water. 8 new members joined" some 200 people look part in the whole church holiday,. a theme of worknng wth emerging leaders emerged Isome 25 in the UK and 6 from around the International NelwDrkl'. children's ministry and youth both undetwenl fresh iesltudutings., and there vrfas a tremendous amount of cr05s-polllnal￿n belween knfeLine Church and the wider international cornmunty - some 20 peoplè came lo London fTom Afiica, North and South America. Caribbean and Europe, and around 22 went out to Africa, Card)bean. USA and South Amer￿31 Some superb activities demonstrated the outward-looking approach of the leadership.. a special evenl for Easter was an oppctrrtunity for ch￿rCh members lo bn.ng friends. we saw 50 wsitors." a 'Coronation Olympics, (picnic and games for all on a sunny day in May) engaged part￿1panIS of all ages.. Christmas events for the Church and for all churches together in Barking and Dagenham brought together churches and members of the local cornmunity. Of parkn'sular note was the 5-day Church holklay lo Mersea Island. Essex. in August. This was a huge success with eampers and earavaners. many sharing ￿c(￿nM(X1a1￿Jn so that about 200 peop￿ could participate. With lots of informal lime together rt was a great OPp￿unity to build éeeper connections wilh one another, including some very new members and those from the local communty who are a valued part of our volunlary work. Leade￿ip and pastoral ca The Trustees adhere to the value that'Christ4*e' leadership shoukl show love and care as a way of lrfe and not merely be about maintaining props lo support people. The Church is guided by ils Senior Core Team. wrth the ImP￿MentorS Group executing the tjireclion set fiom that Team, sharing the weight and enhanang their eap8city. Following on from plans from the past year, the Leadership have rolled out the member-inspired groupings known as 'Households'. It is anticipated that Ihese ￿11 facilitsle a g(Kxl kvel of pastoral care as lives are shared together. Tra￿￿ng and Equipping Training is one ol LifeLine's core a¢lIvrf￿s. There are a number of courses Ihal are regularly on offer, such as the parenting cou15e and Ihe marriage Course, Wh￿ have frequently been full. These are run by a variety of skilled and often professionally qualified volunteeis who offer their time and expertise beGause Ihey share LifeLine's vision of being an oiganisation that trains and equips people for life. Page 3 Lifeline Church IA company Ilmited by guarantee) Trustees. report {continued) for the year ended 31 MaT¢h 2024 AchievèmBnts and perfomiance {contiTrued) Amongsl the courses run this year, the church has run the wdl-known Alpha course. Finding Solutions (for those interested in lailh). 4 Foundation Courses. arKI a WKlei leadership ￿SidentI￿ ¢ourse (which was a signrficant time with guest speakers from Ecuadorl. Opportunities for whole church training have included a year-kng series in the Otd Teslament bcok of Kings and one-off evenirvJs on topics such as the Hoty Spirit and pastotal care for the new'Households'. Addilionalty. an annually recurring trainir@ has been impleMent￿j on Safeguarding for all appropriate personnel. Trainers have endeavoured lo empby a wider wariety of le¢hnKiues. such as innovalwe communication I digital m&lhods which engage the whjest range of partKipanls. Young People The young pe¢)ple began the year by complelirvJ the renovation of a defelict building. tuming it into a fun meeting place for themselves. Named 'Fusion'. land working in partnershp wilh p8rentsl a new approach lo young pèople was established. Three key themes were depbyèd: 1) Growing young people by 'apprenticeship' woth.ng and leaTnin9 ak)ngside parents and older adults. 2) Acacia Grove- syrnb(A￿ ol transition, with no one left behind, and spiritual growlh. 31 Fusion - of age barriers. of hearts united in being invofved. This year the young peop￿, togethet wilh parents. have renovated. ￿￿orated. car washed. cwked. crafted, cleaned. been on trips, played. worshiped and studied. A team of 9 young people. the youngest of whom vms 17. travelled lo Freelcmn. Sierra Leone in April 2023. This was challenging, given the levels of poverty they observed. coupleil wlh extremes of heat and humidity. They spent lime al the LifeLine base in Kun1￿0h, where they worked in the s¢hoc>l and technical coll￿6 and the children's home. made bricks. collected water, ran drama training and taught CV wriling. They reported on the gracKTrus prowsion of Ihe stslf, who had little in the way of wealth bul who gave generously and cared unslinlingly lor Ihern all. And they made connections with Ihe young people in schwl. college and home which would be conlinued when the team arrived back in the UK. To lacililale a wide ability raNJe amongst the youngest leenagers111-141. a new group was set up in the autumn of 2023 to run on Sunday mornings. This provision has included loasl and iam. aclivilies and a thought- provokin9 top￿. The Trustees are pleased to rew)rt that this has bw) very successful so far with the young people, and aim lo continue the group into the new financial year. Fooiball matches between young people and parentslolder adulls in a local park continue to be popular and remain youth-led. ChAldren and Families The Trustees hold the Chiklren's Ministry high on their agenda. WorkiThJ towards a shared concem for th spiritual development of the chilcfren in their care, the Children'5 Ministry team brought In a re-vamped fomal for the grouping of the children, which is proving very popular. They have meiged three of the Ghildren's groups lo make a group called T(yJelher Mix.. whiGh has all the primary-age children from Year One lo Year Six. While this Is a age range. the children are enjowng mixing ￿th each other and the Chiklren's Ministry Team are finding it refrèshing working together. In Seplernber the team was able to take the Gatecrashers and Invaders (Years 3.4,5 and 61 to an outdoor Pufsuils ¢entre for an acliwty adventure day, folkAved by a sleep-over for one n￿h1. This was called the BIG Sleep-over and thè children really enjoyed theMse￿eS and buili deeper ielalionships wlh each other and the Team adults. Page 4 Lifdine Church IA Company limited by guarante& Trusteès. raport (continued) for the year ended 31 March 2024 Achi8vèments and performance {continued} Over this last Year we have seen devdopmenls in the Sparklers group {Nursery to Reception) with iricreased inVo￿ement for parents. and we look to see h¢y*V children's ministry can support the church parents in parenting lor faith. Outreach Church members are hugely engaged in supporling the work in the communty and use every opportunity and venue al our disposal lo contribute lo this. F￿ example. one of the buiklings owned by Valence Group Ltd IVGL is a wholty owned subsidiary of LileLine Church) at AndrÈws Corner, BecontrÈÈ, continues lo be a focal point for 8 numbèr of community outreach projects. Throughout the year, volunteers have bLJiII up a rapport with local residents and businesses, running a clothes swap, ar￿ offering lea and coffee. Another of Ihese pioperties has lacililaled the new youth programme, Fusion. on a temporary basis. WcAI(ing in partnership wlh Communty Resources. we support vulnerabk fwmilies in the communty through the community programmes at LrfeLine's main kiGal base - cast￿ Point. From here, LrfeLints offers practical support and friendship to some of the most vulnerabk people in our kxal communty, helping them to Ctynbat isol*ion and lind a place of belonging. This year, the team have devebped ts offer of lullch time meals- and the m051 popular day- Wednesdays- aitra¢ts some foty pecple forthe superb roast dinnersl The base has once again ljeen of part￿ular benefft as a desvJnate(I 'w8￿n Space, in the London Borough of Barking and Dagenham throughout the winter. as Ihe'cost of living crisis, hrts those with low irKomes IoGally. To Celebrate the King's coronatK>n. LrfÈLinÈ Church ran the 'Coronalion Olympics, lat the venue regularty used by th& church on Sunday moinings} - a picnic and fun-filled afternoon of games arml sports for all ages in the warm sunshine. And Easter and Chri51mas provKled (pportunities lo inwte friends and faMil￿S to celebrate together al our regular lttal school venue. bfeLine Membets, Involvement af L￿￿1. Alalional and Intemati0th3llevels Lif8Lin8 members operate at kKal. national awKI intemalK>nal levels. Lcxally there i8 Invo￿¢Ment with a range of thui¢hes and a mix of all represenlalive faith groups. MeM￿rS work with local authorities and health Se￿ices, striving lo enhance and progress communrty lacililies. LifeLine enjoys good relaknnships wth knal churches and hdped run the Chrislmas joint churches event in De￿rnher. Al nati￿al level, LrfeLine membefs lead the FarthACt￿ nelwork, which aims to advise, train. fund, campaign, research and innovale on behalf of faith communities. LifeLiNe Network Internalional is the lace of LrfeLine across the nalK)ns and includes connectK)ns wilh 6 conlinenls. This year has seen an increased amount of cross-pollina1￿n be￿een partners around the woild, which looks to conts.nue into next year, ttx). Of particular significance was thè visit of John and Marilyn Guido and Jod and Karyn Guido from Ecuadoi. who brought subslanlial inplrt lo the whole ¢hur¢h for a week during January 2024. The Gu￿0 famity are part of the AIM Team. baseil in USA. who also re￿aSed Terry and Linda King lo us during the year. Page 5 Llfellne Church IA company limited by guarantee) Trustees. report Icontinuedl for the year ended 31 Mar¢h 2024 Achievements and perforniance (continued} Other visitors included Hugh osgood from London Ilounder of 'Chvrches in Communities'l, Albert Kitcher Ilormerly Ukraine, now based in Germany), Rafaek from Peru, Bonnie and Lydia from Kenya, and Lawrence and Portia Muzunzandare from Zimbabwt. We sapj goodbye to 0￿h and Lena, who had spent 5 months ￿th us as respite Irom the war in Ukraine. Al the ckjse of the year, Bonnie al￿ Lydkl returned lo spend an extended period of time learning immersed in the work Carrièd out in London. in preparal¥JT) fot expanding their work in Kenya. Visitors from S*rra Le0￿ included Prince Tommy and Mary WilkAm$, who came several limes. also Eddy ma￿leW￿ and Mohamed Turay. And from the Canbbean, Hilton Afbert and Mh*y Hodge from St Martin and Tina Alexander from Dominica visited in the autumn of 2023. Al the beginning of the year Trustees wer¢ deluhted to send out a team of 9 young peop￿. plLJS ttvo leaders lo Sierra Leone. followed by 8 second team of 6 in October. They gave Iheii lime. skills. and care lo the work of LifeLine Nehemiah Projects, rts church, school. wKatK)nal college, ils children's home and all ils people, based in Freetown. They Provided a huge ra￿e of training, from CV writing to drama, lo public speakin9, training tèachers and classroom le￿hIng. They had fun and pbyed games Mlh chikjren from the home and were laught how to make biicks for building work on the properties. They reported that. aKhough the heat and humidity were challenging, they were amazed * the gNing of resources. love and ¢are shown to them even Ihough the people had very little material wealth. And they wè ￿cIted al the giowth and devek)pmeril of everyone who participated. At the close of 2023. Trustees We￿ made aware of serious needs wlhin the wort of LifeLine Nehemiah Pfoiecls and so made an opportunity for the church members to give freety into a grt lo supwjrt tlK>5e needs. Generously, just over £9,000 was raised lo bring some ielief to their silUat￿n. John and Dawn Singleton travelled to Lima. Peru. to visti network members Auguslo and Claudia Florez Cavassa in May. Later in the year. John and Jamie Singleton travelled lo Ihe USA lo participate in a conference with members of the AIM Team (Alliance Inlernalional Minislriesl. They were acci)mpanied by Mark Baiden, who then travelled to Grand Rapids to speak al River of God Church led by Randy Vruggink. In Decembef, Richard and Sue Griftin went to t)cxninTh in the Caribbean to spend time with Leroy Hill. pastor ol New Day Church in Roseau. There wnlinues to be ongoing digital communicalK)n between many of the LifeLine Chuich members an mernbers of the LifeLine Network oveiseas-through zoom. WhalsApp. email and phone calls. Social Media A new social media policy has been adopted and rdled oul across all aspects of LrfeLine Church where appropriate. A new cyber security p￿￿ 15 in ptace. supported by LrfeLine's IT support provider. and a thorough oveihaul of policies to facililale this has taken pLqce. A small team provide a Iwe streaming facility for Sunday morning meetings 8nd the websile and social media channels provide Information and contact details of all evenls lo the wider community. Page6 Llfellne Church IA company limited by guarantee) Trustees. report Icontlnuedl for the year ended 31 March 2024 Achievements and perforniance {Con￿n￿ed) Buildings LifeLine Church hcAds a portfdio of P￿￿ri*s. some of which have been earmarked for redevelopment. In the dynamically changing economic environmenl we find ourselves. the Truslees look time lo re-evaluate the initial position vis a vis these buikJing5. This i% a major Capital project and the church has secured grants from Garfield Weston. Communty Owned Fund arKI Benefact Trust. Much of the costs have been ¥￿r￿ed over many years foi this primary purpose and it is excth.ng to see a building secured for the widei community work of the church, as well a5 a pla￿ for the ¢hurch lo meet. The Trustees concluded that it was necessary lo rewse the original p￿n to dwnolish and rebuild one of the buildings to one where the building is iefuibished. This work commenced in Novèmber 2023 and continues al the close of the year. The work is overseen by a subgroup of membeis wilh ielevanl skills, established by Trustees. In the interim. the old print shop was ulilised during Ih? year as the f￿uS for the youth prqecl known as Fusion,. and the lurnilure shop continues to be a volunleer-led I(￿￿S for res￿entS and k)cal businesses lo connect. Volunteers Volunteers are a core part of all 3spec15 of the Church's aclNrties. All aelTVities are mn by volunteers and they aTe supported by Ihe Church's Leadership Team and Sm￿1 staff adminislralion team. Volunteers tske respDnsibilily for small groups. events. pastoral care, set up. youth and children's activities. Fulvre Plans The Trustees continue to review Ihe adiw.lies of the Church on an ongoing basis. The ￿ership team seek lo promote regular review as sland8rd. and thè effectiveness of all acliwlies will continue lo be scrulinised through the leadership. Core Team and Trustees and the Impl￿￿enterS Group. As the year opens. the Trustees look forward to wekoming a team from Arizona, USA, undei the leaclership of Jack Little. who will spearhead 8 three day conference-'Accelerale'. In teims of personal (Jevelopment. Trustees are expecting deeper grovAh and maturity followng some planned activities such as opportunities for water baptism changes to the approach lo whole church prayer. and the further oulwoTking ofthe concept of'Households Ic4elher with Chllsl at Ihe Centr¢'. And, as the Fusion project for young people devetops and the Childrèn's Minislry Team evaluate the 'Togelher Mi¢ strategy. we look forward lo seeing how the collaboration with whole families progresses. As with any organisation, the issue of communitstion. in all directions, remains key. Truslees are anticipating fresh development in this area. as the arena of social media is explored further. There will continue to be training Courses avaiL4ble. and the popular 'Finding Solutions. course 15 planning lo deliver its 'Going Deeper. follow-on SesS￿n$. Other training is a150 proposed, including the unpacking of New Teslamenl and Okl Teslamenl t¥Joks. With regard to the building development, Twslees will continue lo ensure a plumbline is held alongside funding and design deCiS￿n$ against the values and principles of LifeLine Church. Gry)d progress is expected as the renovation of the lormei'prinl shop, and lilo shop. continues, wilh an anticipated end dale of sumrller 2025. Truslees ¢hotss8 al limes to Star￿ on LrfeLine's walues and prineiples. Thèy regard these as essential foundation5 for the Church as il pursues rts mission". they are essential lo guide creative initiatives. and essenlial for Ihe spiritual health of everyone who is part of LrfeLine. These convictions al￿W us lo remain a resource to our wiéer conNnunities and. in the spirit of generosity, lo prtyluce and gNe more than we Consume. PwJe 7 Lifeline Church IA company limitèd by guarantee) Trustees. rgport (continued) for the year endèd 31 March 2024 Achievements and pÈrfomian¢6 (continued) Financial review a. ReseN&s policy LifeLinè Church commrt to setting asth at all tumes reserves lo cover al least 3 month5 of operation, in the event of a drop in Income. This equates to appioxinalely £150.000. This is the amount held in general unreslrieled fund5 at the year end. At the year end the Gharity had total reserves of £5.605.906. Additional reserves can be allocated to projeds agreed by the trustees in line with the objedives gf the Gharily. Some funds will be ring-fenced for speGrfIG pr(¥e¢ls which are not lime bound. The Reserves policy will be reviewed in March every year when the new budget is being sel. b. Result for the year LifeLine Church receives much of its inccme in the fomi of grfts and donalions from its members and where appropriate these gifts are gift aided. During the year the charity has also received grants of £250,000 fr(Kn the Department for Levelling Up, Housing and Communities and £100.000 fr(*n Garfield Weston. both for the communty buikling devÈh)pmenl. Also, al Christmas. members of LifeLine Church gave gifts to meet neeils in the Nehemiah Home in Freetown, Sierra Leone- these tolalled £9.460. At Ihe year end the charty holds reslricted reserves of £2.252,26212023.. £2,345,087). Of these. £22,850 ale to be used towards any financial needs arising from the COVNJ pandemr and ¢ost-of-living crisis, £1,000 are for the Nehemiah Home in Freetown and £261.571 are for the Future FvrKI lo be US￿ for future developments wrthin the charity. The remainder of the ￿$trIcted reserves are for the communty building development. The charitys unreslTiCted reserves indude £3,203.644 (2023.. £2.737.570) of desKJnaled funds. which have been Sel aside by the trustees for a Spe￿r￿ project- the devèkyment of a buikling lor use by both the Church and the community. The trustees have assessed the major risks to Vth￿h the ¢harily is expose(l and are satisfied that system5 are in place lo mrtigale exposure to Ihese risks. The main risk is that as LrfeLine Church receives the majority of its income from grfts and donations made by members. this income may decrease al any time. Whilst the Iruslees have no Control over amounts given, it has been sh¢)wn over many years thal in f￿1 giwng by the church membets has remained stealy and that there have been high levels ol genèrosity to meet needs. During the last year we have seen some members move on and this has impacted incorne but the T[ust￿$ are continuing lo carefully monrtor Ir￿rne against expenditure levels. . Grant making policy The charrty makes a Month￿ grant lo Lrfeline Ne￿rn￿k International equNalent lo 20% of the general gifts Ililhes and offèrings) recèived in that month. It is paid to Lrfeline Nelwoik InternatK)nal as a lithe_ Orne off grants are made by the trustees al their discretion and in ￿cOrdan￿ wrth the charitable purposes of the charity. Each request 01 situation wll be considered on rts merit. In awarding the grants, Ihe Irustees wll ConS￿￿er any requests or known situations that are eligible for Page 8 Lifeline Church IA company limited by guaranlee) Trustees. report (continued} for the year ended 31 March 2024 onSiderat￿n.. From any geographical a￿8 within the UK and overseas," From organisalions and individuals alike_ Structure. govgrnan¢e and management Constitution The Charity is registered as a charitable Gompany limited by guarantee. as wèll as a registered charity as such is a non profil makiThJ organisalion. It was incorpNateLI on 29 September 2009 and rts 9overning document is the Memorandum and Artic￿ of Assouation. b. Methods of appointment or election of Trustees RècommendalK)ns for Trustees can como from any member of the church and are appointed by IPTe Ttuslee Board. There is no minimum or maximum term specrfied in the ch￿1￿$ Memorandum ol Articles. The charity will undertake a review of this during 2024-25 and ajree an appropri*e lemi for all Trustees to be appointed. Page 9 Lifeline Church IA company limited by guarantee) Trustees. report Icontlnuedl for the y?ar onded 31 Narch 2024 StruGture. governance and management {continugd) ¢. Organisational structure and decision4naking policies Core Team Overall responsibilty IOT the spiritual leadership of the church rests with the Cor& Team. Members of the Core Team include 2 out of 4 TTUStees. John Singleton. Mark Baiden. Avril Mclntyre (Trustee). Neil Jaques (Trustee). Jamie Singleton and Dobromir Gospodinov. Additional Trustees.. Ken Jarvis and Richard Griffin. As well as the quarterly Trustee meeting5, they are involved in sub-groups {see below) delegaled by Trusteeslcore Team. Sub Groups PROPERTY ADVISORY GROUP -Responsibl@ for the drflerenl property negotiations. Delegated by Core Tèam. Regular reports to Core Team and TIu51ees. This team is made up of 3 core team and other church members wf(h expeth.se in finance, ConslrL￿ti0n & project management. Avril Mclntyre. Mark Baiden. Jamie Singleton. Dennis Wn"ght. Matthew Slanford. Peter Cross and Naomi Sandy. PASTORAL TEAM There is a team of leaders who host small group5 (households) where church members conne¢t and grow. The groups are overseen by the CO￿ team. Neil & Christina Jaques (Trusteel. Richard & Sue Griffin ITrusteel, Phil & Elspelh Paisley. AVTII Mclnlyre ITrusleel. Mark & Teah Baiden, Salty & Grant Dixon. Miro & Mara Gospodinov, Dennis & Rachel Wright. Chris & Anna Page. Jane & Jeremy Simmons. Leon* Garknd. Simon & Susan Walker, Fernando & Marisa Angul(hDiaz. FINANCE TEAIA We have a newty estsblished team who support the Core Team wrth d￿ls￿On$ around thè church finances. The team are.. John Singleton (Corel. Rachel Wright. Lucy Brv*er. NwJel Jacobs, NKk Brewer and Jamie sI￿￿tOn ICore}. SALAR Y SUB-GROUP Prirnarify to review annual salaryA)enefrts of John SirvJteton. Senior Lèader. Meets annualty. Delegated by Core Teamttruslees. Ken Jarvis {Trusteel. Avril Mdntyre (Trusleel. Mark Baiden. IMPLEMENTERS TEAM This team is responsible for Ihe administrat￿n and day to day wnning of the church. The team is led by Jamie Singleton and indudes,. E15peth Paisley (prayer). Phil Paisley {logi%lics}. Anthony McKernan Icommunicationsl, Richard & Sue Griffin linlegralionl, sal￿ Dixon Icommunitylevangelism}, Nick Brewer Iworshipl, Ella Brewer lolder yOLrth). Avril Mclntyre {chiklren & Trustee). Page 10 Lifeline Church IA Company limlted by guarantee) Trustees. r*port {continuedl for the year ènded 31 March 2024 Strueture. governance and management (continued) d. Pay poltcy for key management personnel All roles in the Charity will be subject lo a salary benchmarking process that will assess them against similar roles in similarly sized and located Organisat￿nS wrthin similar seclors. Thete wll be a formal revvew of benchmarking every three years. Where proposals are made for new ioles to be created within the Charity between fomial benChMa￿ing reviews. an independently benchmarked salary will be obtained. If, al any poiTrl between fomal benchmarking revwts. job ￿￿nsib￿rtIeS change synrficantty, the affected staff rllember may request a review of their role grading and salary benchmark_ It wll be the responsibilily of the Operations Director to decide whether a review is warr8nled. Wherever a r)ew ot changed role requires benchmarking the asse5SOt wll be provided with copies of the role desi¥iplions and benchmark scores of all other role5 in the organisalion lo gNe context. Stat¢menl of Trustees. rÈsponsibilities The Trvstees (who are also Ihe Direclors of the Charity for the purposes of company lawl are responsible for preparing the Tiustees, report and the financial stalemenls in accordance wth applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Pfacti¢el. Company law requires the Trustees to prepare financkil ststemenls for each financial year. Under company law. the Truslees must not approve the financial statemen15 un￿5 they are satisfied that they gwe a true and fair view of the state of affaiTS of Ihe Group and the Charity and of their income and application of resources, includiNJ their inGome and expenditure. for that peri(xl. In preparing these financial statements, the Trustees are required to.. select suitable accounling p￿￿leS and then apply them consistenUy- obsetve the methods and principle5 of the Charities SORP IFRS 1021- make judgements and accounting estimates that are reasonabbe and prudent.. slate whether appbcable UK Accountiry Stantlards (FRS 1021 have been followed, subject to any material departures diselosed and explained in the financial swements. prèpare the financial statements on the going con￿rA basis unkss rt is inappropriate to presume that the Group will continue in business. The Trustees a￿ reswnsible for keeping adequate accounting Tecord$ that are sufficient lo show and explain the Group and the Chaiity's tranSaCt￿nS ar￿ dis¢knse wilh reasonable accurw at any time the financial position of the Group and the Charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Ch8rrty and hence for taking leaS￿able steps for Ihe prevention and detection of fraud and other irregularities. Disclosure of informalion to auditor Each ol the persons who are Tnjslees al the time when this Trustees. report is approved has confirmed thal.. SD far as that Trustee is aware. Ihere is no relevant audit information of wh￿￿ the chaiilable group's auditor is unaware, and that Tnjslee ha5 taken all the sleps that ought to have been taken as a Trustee in order to be aware of 8ny relevant audit inlormalion and to establish Ihat the Charitab￿ group's auditor is awaie of that information. Page 11 Llfelln• Church IA company limited by guarantee) Trustees. report l¢ontinuedl for the year ended 31 March 2024 Auditor The auditor. Kreston Reeves LLP, has indicaled his wllingness to Continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees. Approved by order of the members of the Board of Trustees and signed on their behalf by.. A Mclntyre Tiustee Dale.. Page 12 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditor's report to the Members of Lifeline Church** ## **Opinion** We have audited the financial statements of Lifeline Church (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 March 2024 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 13 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditor's report to the Members of Lifeline Church (continued)** ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or - the parent charitable company has not kept sufficient accounting records; or - the parent charitable company financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Page 14 **Lifeline Church (A company limited by guarantee)** ## **Independent auditor's report to the Members of Lifeline Church (continued)** ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ## _Capability of the audit in detecting irregularities, including fraud_ Based on our understanding of the Charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase income or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included: - Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud; and - Challenging assumptions and judgements made by management in its significant accounting estimates; and - Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and - Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and - Physical inspection of tangible assets susceptible to fraud or irregularity; and - Assessment of identified fraud risk factors; and - Review of cash expenditure to confirm no evidence of personal benefit; and - Challenging assumptions and judgements made by management in its significant accounting estimates; and - Reading minutes of meetings of those charged with governance; and - Review of significant and unusual transactions; and - Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Page 15 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditor's report to the Members of Lifeline Church (continued)** - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. - Conclude on the appropriateness of the Trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of my auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. ## **Kreston Reeves LLP** Chartered Accountants Statutory Auditors Chatham > Date: 3 December 2024 Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 16 Llfellne chU￿h IA company limltwd by guarant9¢1 Con$olldated Statement of financial activities (Incorporallng Income and Èxpenditur8 account) ft)r tho year ended 31 March 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total fur)ds 2023 Note Income from: Donations ané legacies Charitajle activities Investments Other income 484,246 6,000 128,373 4.914 392.760 8T1,006 6,000 128.373 4.914 758,320 6,000 89,243 4,524 Totsl income 623.533 392.760 1.016.293 858,087 Expenditure on: Charitable activrties 1.084.870 17,426 1,102.296 590,047 Total expenditure 1.084.870 17.426 1.102,296 590.047 Net lexpenditurellincome before net losses on investmènts Nel kjsses on investments 1461.337} 1143.$00} 375,334 186.0031 {143.5001 268.040 Not18xpenditurellincome before taxation Taxation 1604,837) 375,334 1229.5031 268,040 18971 Net lexpenditureyincome after taxation 1604,837) 468.159 375.334 (468.1591 1229,5031 267.143 Transfers between funds 19 Net movement in funds before olher recognised galnslllosses) 1136.678) 192.8251 1229.5031 267,143 other recognised gainsl{losses)- Gains on revaluation of fL¥ed assets 528.C 528,000 Net movement in fund5 391.322 192,8251 298,497 267,143 Rvonciliation of lund$- Totsl fvnds brought fO￿￿[d Nel movement in funds 2.962,322 391.322 2,34S.087 {92,8251 5,307,409 298,497 5.040.266 267.143 Totsl funds carried forward 3,353.644 2,252.262 5,605,906 5.307,409 The Consolidated statement of financial activities includes all gains and losses recc*Jnised in the year. The notes on pages 21 to 41 fom part of these financial statements. Page 17 Lifeline Church IA company limited by guarantee) Registèred number: 07033697 Consolidated balance sheet as at 31 March 2024 As reslaled 2023 2024 Note Fixed assets Tangible assets Investment property 13 14 1.702,966 650,500 1,220,579 794,000 2,353.466 2,014,579 cUT￿nt assets Debtors Investments 16 17 39,101 1.001.423 2,417,733 42,042 1,001,059 2,359,623 Cash at bank and in hand 3.458.257 3.402.724 Credilor5.' amounts falling due wrthin one year 18 1205,8171 (109,8941 Nèt current assèts 3.252.440 3.292,830 Total net assets S.605,906 5,307,409 Charity funds Restricted funds 19 2,252,262 3,353,644 2,345,087 2.962,322 Unrestricted funds 19 Total funds 5.605,906 5,307,409 The Trustees acknowledge their responsibilities for ¢omplwng Wrth Ihe requiiemenls of the Act with respect lo a￿OuntIng iecords and preparation of financial statements. The financial slalemenls have been p￿pared in ac¢or(lan¢e wth the provisions applicable Its entities subjecl to the small companies regime. The financial statements were approved and authorised issue by the Trustees and s￿ned on their behalf by.. A Mclntyre Truslee Dale". The notes on pages 21 to 41 form part of these financial statements. Page 18 Llfellne Church IA company limlted by guarantee) Registered number: 07033697 Charity balance sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investments 13 1.702.966 611.613 1,220.579 611.613 15 2.314,579 1,832.1S2 Current assets Debtors 16 17 33,819 1.001.423 2.385.023 31,596 1.001,059 2,347,215 Investments Cash at bank and in hand 3.420.265 3.379.870 Creditors". amount5 falling due wrthin one year 18 182.6241 {14,64Q Net current assets 3,337.641 3,365,223 Total nèt assets 5.652,220 5,197,415 Charity fund$ Reslricted funds 19 19 2.252.262 3.399,958 2,345,087 2.852,328 Unreslricled funds Total fvnds 5.652.220 5,197,415 The Charitys net movement in fijnds for the year was £454,80512023- £277.9391. The Trustees acknowledge their ￿sponSIbl1rtTeS for complw.ng wrth the requirements of the Act with respect to accounting records and preparation of financi81 ststemenls. The financial statements have been prepared in accordan￿ with the piovisions applicable to enlilies subj8Ct to Ihe small companies fegime. The financial slalemenls were approved and aulhoiised for issue by Ihe Trustees and s￿ned on their behalf by.. MWtr(ILy- i?Iiilo¥ A M¢lntyre Trustee Dale.. The notes on pages 2110 41 form part of these financial slalements. Page 19 Llfellne Church IA company limited by guarantee) Consolldatod slatgmènl of ¢a$h flows f¢>r tho year ended 31 March 2024 2024 2023 Ca$h flov￿ from operating activities Nel cash used In operating ￿livI￿eS (note 22) 139.130> 414,058 Cash floY•s from Investlng activlties Dividènds. interests and rents from investments Purchase of tangible fix￿ assets Disposal of tangible fixeé assets 57.746 1468,1 $91 508,017 19,453 136,2321 Net cash provided byllused inl investing activities 97,604 {16.7791 Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year 58,474 397,279 3.360,682 2,963,403 Cash and cash equivalènts at th8 end of the year 3.419,156 3,360.682 The notes ￿ pages 21 10 41 fomi part of these ffinan¢ial slalements Page 20 Lifeline Church IA cornpany limitsd by guarantee) Notes to the financial statements for the year ended 31 March 2024 General Information Lileline Church is a Chairtable Company limited by guar8ntee in¢orp)raled in England and Wales. The registered is Lrfeline House. 25 Nevil￿ Road, Dagenham, Essex, RM8 3QS. The Charitls principal objectives are as sel out in the Trustees Report on page 2. Aceounting polici9$ 2.1 Basis of prÈparation of financial statements The financial statements have been prepaTed in 8ccord8nce wlh the CharitEs SORP IFRS 1021- Accounting and Reporting by Charities.. Stalemer)t of Recommended Pra¢ti¢e applicable to charities preparing their account5 in &cordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffe¢14ve 1 January 20191, the Financial Reporting Slandar applicable in the UK and Republic of Iidand {FRS 1021 and the Companies Act 2006. Lifeline Chuich meets the definilK•n of a public benefit entity undèr FRS 102. Assets and liabilitses are Initially Tecognised at historical cost or trans￿IK)n value unless olherwse stsled in the rel￿an1 accounting policy. The consolidated slalement of firtancral actNi(ies (SOFA) and consolidated balance sheet consolidate the financial statements of thè Charty and rts subSKliary underlaking. The results of the subsidiary are consolklaled on a line by line basis_ Thè Chaiity has taken advantage of the exemption allowed under sects.on 408 of the Companies Act 2006 and has not presented ils own slalemenl of financial a¢livil*s in these Iinan¢k31 slalements. The financial statements are presented in UK sterling. which is the Chariws functional cuirency, and rounded to thè nearest wund. 22 Company status The Charity is a Charitable Company limiled by guacanlee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being Ydound up. Ihe liability in respect of the guarantee is limited lo £1 pei member ol the Chanty- 2.3 Going concem The Trustees assess whelher the use of goir)g con￿Tn is appropriale i.e. whether ther8 are any material uncertainties related lo events or conditions that may casl signifKanl doubt on the ability of the CharlLy lo continue as a going corKerfi. The Trvslees make this assessment in respect ol a perKKI of al least one year fcom Ihe date of aulhori$8tion for issue ol the financial statements and have concluded that Ihe Charity has adequate resources lo continue in operational existence for the foreseeable future and there are no material un￿rtaInlieS about the Chaihly's ability lo continue as a going concern, Ihus they conlirbue to adf4)t the g(yng concern basis of accounting in preparing the financAal slalemenls. Page 21 Lifeline Church IA company limited by guarantee) Notes to the financial ststements for the year ended 31 March 2024 Aecountlng policies {cOntinu￿} 2.4 Income All In￿Me is recognised once the Charity has entitlement to the inccrfne, it is probable that the income will be receivecl and the an￿U￿1 of irwrne receivable can be measured reliably. Grants are included in the consolidated statement of financial a¢tivilies on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant furKls on the balance sheet. Where income is received in advance of enlitlemenl of receipl, its recogniliorb is deferred and induded in creditors as deferred income. Where entitlement o¢cuis before inccmne is received. the income is acGwed. Income tax recoverabk in reLalKJn to donations receNed under Gift Aid or deeds of covenant is recognised at the lime of th8 donation. Income tax recoverable in rel3tit)n to investment inccthe is r￿OgnIsed al the lime the investment inccxne is recewable. Other income is recognised in the period in which rt is receivab￿ and lo the èxlent the goods have been provided or on complelion ol the seNice. 2.5 Expenditure Expenditure is reCogn￿ed once there is a legal or constructive obligation to transfer e¢onomi¢ benefit to a third party, it Is probable that a transfer of econom￿ benefrts will be reqUI￿d in settlement and the amount ofthe obligat￿n can be measured reliably. Expenditure Dn charrfcable is incurred on direc1￿ undertaking the activities which further the Gri>up's objectives, a5 well as any a5s(Kiat&J 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 recognised as expendilure when the conditions attaching are fulfilled. Grants offered subject to Conditions which have not been met al the year end are rK)ted as a commitment, but rK)l acuued as eypenditure. All expenditure is inclusive of irrecoverable VAT. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group". this is nom)alW upon nDt￿￿tiOn of the inteiesl paid or payable by the inslilulion with whom the funds are deposrted. 2.7 Taxatlon The Charity is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010 and therefore il meets the definilKJn of a charrt8ble company for UK corporation lax purposes. Accordingly, the Charity is potentialty exempt from taxation in respecl of Income or capital gains received within calegorie5 covered by Chapter 3 Part 11 of the Corporalion Tax AGI 2010 or Section 256 of the Taxation ol Chargeable Gains Act 1992. to the extent that such income or gains are applied exGlusivety lo Charilable purposes. Page 22 Lifgline Church IA company limited by guarnntw) Notes to the finan¢lal statements for the year ended 31 March 2024 Accountlng policios lconllnuedl 2.8 Tan9ible fixed assets and depreciation Tangtble fixed assets are initially recognised al cost. After recognilion. undpr the cosl model. tangible fixed assets are measured * cost less accumulated deprecsalion and any accumulaled impairment losses. All wsts Incurred lo bring a langible fixed asset into ils intended working condrtion should be include(l in the measurement of cost. Al each ￿porting date the Charity assesses whether I￿re is any indication of impaitmenl. If such indicalKTrn exists, the recoverabk amount of the asset is detem)ined to be the higher of ils f8ir value less costs lo sell arKI ils value in use. An impaifflient bss is recogniseil Whe￿ the carrying amount exceeds the recoverable am¢xJnl. Depreciaiion is charged so as to allocale the cost of langknb Iixed assets less their residual value over their estirnaled usefvl lives. on the Idkm'ng bases". Freehokl property Plant and machinery Mgtor vehicles Fixtures and fittings Computer equipment - not depreaated 25% straight line 250/¢ straight line 250A 5traighl line 25% Straight line Gains and kjsses on disposals are delem)Ined by comparing the proCe￿S wilh the carrying amount arml are recognised in the corbsoIKJated stalen￿nI of financial activilies. 2.9 Inv¢$lments Fixed asset investments are a form of financial instrument and are inikn.ally recognised at thèir t[ans￿li0￿ Gost and subsequenlly measured at lair valuè at Ihe balance sheet dale, unless the value cannot be measured reliab￿ in which case it is mea5LITed at Cost less impaiment. Investment gains and k)sses, whether realised or unrealised. are combined and presented as 'GainsllLossesl on inveslrllenls. in the consolidated statement of finan¢o1 aclwilies. Investments in subsidiaries are valued at cost less prowsion for impaiimenl. Investmenl properties is carried al lair valuè delèm)ined annually by exlemal valuers and derive from the current market rents and Investment property yiekls for comparable real eslale. adjusted rf necessary for any d-rfferell￿ in the nature. kThlion or condrtion of the specific asset. No depreciat￿n is provided. Changes in lair value are reGognised in prolil or bss. 2.10 Debtors Trade and other debtors #re recognised al the setuement amount. Prepayments are valued al the amount prepaKI. 2.11 Cash at bank and in hand Cash al bank and in hatKI includes cash and slK>rt4erm highly IhiuKJ investments wilh a shDrt malurily of three months or less from the date of acquisit￿￿ or opening of the deposit or similar account. Page 23 Lifeline Church IA company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Accounting policies (continued) 2.12 Liabiliti8s and provisions Liabilities are rewgnised when the￿ is an obligatK)n al Ihe Balance sheet date 8s a result of a past event, it is probable Ihal a transfer of economic benefil wll be rwuired In settlement. and the amount of the setdemenl can be estwnated reliabty. Liabilities are recognised al Ihe amount that the Charity an1￿1paleS il will pay lo settle the debt or the amount it has received as a¢fvanced payrnerhls for the goods or seNvs it must provide. Provisions are measured at Ihe best estimate of the amounts required lo settle the obligation. Where the effect of Ihe lime value of money is malerkal, the provision is based on the piesent value of those amounts, di8counted 81 the pie-tsx discount rate that reflects the risks specrfic to Ihe liability. The unwinding of the discount is recognised In thè Cr￿501￿13fed slatemenl of financial activitiés as a finance cost. 113 Financial instrnments The Group only has financi318ssets and financial liabilities of a kind Ihal qualify as basic financial inslrumenls. Basi¢ financial Instruments are initialty recognised al transaction value and subsequently measured at their settlement value. 2.14 Pensions The Group operates a defined contribulK)n pension scheme and the penS￿n charge represents the amounts payable by the Group to the fund in respect of the year. 2.15 Fund accounting General funds are vnresltKted funds wh￿h are availab￿ for use al Ihe dis¢retKJn of the Trustees in furtheTanee of the general objectwes of the Group and wh￿h have not been desi9naled for other purposes. Dèsignaled funds comprise ￿n￿$t[l¢t¢d furKls that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fu￿1 is sel out in the notes to the financial statements. Reslricte