Roglsterod numbèr: 071)33697 Chartty numbgr: 1134281 Lifeline Church (A company limlted by guarantse) Trustees. report and flnanclal statements for the year ended 31 March 2025 Llfellne Church IA company Ilmlted by guarante9} Contents Pago Roference and administrative detaljs of the Charlty. Its Trustees and advlsers Trustees, report Independent audltoys. report on thg flnanclal statsrnents Consolidated statement of financlal actlvltles 2-11 12-16 17 Consolidat8d balance sheet 18-19 Charlty balance sheet Consolldatgd statgment of flows 20-21 22 Notes to the fina￿[al statsments 23-43 Llfellne Church IA company Ilmlted by guarantse) Reference and admlnlstrative details of the Charity. its Tntstees and advlsews for the y￿r ended 31 March 2025 Trustees A Mclntyre N Jaques R Griffin K JaNis Company roglstergd number 07033697 Charlty rggl8tgTed numbgr 1134281 Reglstered Lifeline House 25 Neville Ro Dagenhan Essex RM8 2QS Company secretary A Mclntyre Indopgnd9nt audltors Kreston Reeves Audit LLP statutory Audf(or Maritime Place Quayside Chatham M8Tibme Chatham Kent ME4 4QZ Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Sha￿rOok Bank Limited Lulea House Warley Business Pa￿, The Drive Great Wadey Bran￿ood Essex CM13 38E Page 1 Lrfeline Church (A company limited by guarantee Trusta8s' r8port for the year ended 31 March 2025 The Trustees present their annual report together ¥￿th the audited financial statements of the Group and the Charity for the year 1 April 2024 to 31 March 2025. The annual report seNes the purposes of both a Trusl88S' report and a Directors, report under company The Truste8s confimi that the annual report and financial stat8m8nts of the Charty comply with Ihe current statutory requirements, the requirements of the ChariV8 goveming document and the prowsions of the Staternent of Recommended Practice ISORPI applicable lo chaTtties p￿paring their a￿Unts in accordance %wih the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102} (effective 1 January 20191. Since the group and the Charty qudify as small under sertKJn 383 of the C¢)mpanies Act 2006, the group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Direclor5' R8PQrtI RegUla￿￿S 2013 has been omthd. Objectlves and actNiti a. Pollcles and ob5ectlves The Charwty's objects are.. To advance the Christian faith. To advance aducalion. To relieve persons in needs: hardship or distress. To promot8 the preservation and protedN)n of health. To promote the provision of fa￿litIeS for r8cr8ation and olher leisure activitie5 in the interest of S￿la1 welfare. To promote the provision of training and rdEve unempknyment. The Trustees have paKI due regard to guidancè issued by the Charity Cfflimiss#)n in d8CKling what activfaes the Charty should undertake. In setting objectwes and planning for %tsVit￿s. the Trustees have gNen due consideration to general guidance published by the Charity CommissK)n relating to publ￿ benefit inclL*Jing the guidance 'Public benefrt.. running a charity {PB21'. b. Granbmaking policlos The charity makes a Month￿ grant lo Lrfefine Network IntematK)nal equNalent to 200A of the general grfis Ilithgs and offerings) received in that n￿nth. It is paid lo Lifeline Netsvork International a5 a lithe. One off grants are made by the trustses at th&r discretK)n and in accordance with th8 charitable purposes of the charity. Each requ8St or situatrjn will be considered on its (ywn merit. In awarding the grants. the trustees c￿lder any requests or known situations that are eligib￿ for consideration.. From any geographical ar8a within the UK arbd over3eas: Frcffl oryani5alions and individuals alike. Voluntgers Volunteers are a core part of all aspeets of the Church's th1t￿. All actwities ar8 run by volunteers and they are supported by the Church's Leadership Team and small staff admini5ts8tion team. Volunteers take responsibility for small groups, events. pastoral care, sel up, youth and children's activities. Al of these have rnoved back lo running as face40-face events, 8￿hoUgh a small team provide a live streaming facility for Sunday moming me6tings. Page 2 Llfellne Church IA company Ilmltod by guarantee) Trustees, report {contlnuedl for thg ygar ondod 31 March 2025 Achlevements and partorniance . Revlew of actlY￿es Lrfetsn8 Church For more than t￿Jr decades. LrfeLine Church has been meeb.ng every Sunday morning for leaching, worship and fellowship and lo update the congtegalion about any devekpmgnls in the Iccal eommunty or in the networtf overseas. Wrth great sadness. the Trustees record the sudden passing of Lrfetine's Founder and Senior Church Leaéèr, John Singleton at the end of January 2025, aged 80. John laid down a successful career to PKsneer a radical approach lo Christian lrfe based around G¢xlty rel*tonship and communty. and Committed some frfty years of serving exemplifying this. His life's work extended fr(¥n the local expression of Ch￿￿h in LifeLine Church, to advancing local communty development and outwards across six continents to shar¢ the same principles wlh many. rnany pather8. Leadership of Lrf8Line Church ￿ainS v￿th the Core Team and overswJht lies with the Truste8s, all of whom main in post, carrying sHJnrficar)t wsdom and exp￿￿nce. The Core Team have recognised that Jamie Singleton was alreaty stepping into the team leader ro￿ and wll now fomially do so. The Trustees are encouraged, inspired and vgrythanknJl as they hjok badt at the past yeals diary, which sh(Iws an abund8nce of generosrty. semng. love and care throughout th8 Church. Trustees oversaw continuod growth and éevelryment at all Isvels in the mHJst of tr8nsthon arKI change. ThKs was notabty illustrated in the embracing of the role of tho children in the life of the church. There has been a grDwing awareness of their value and posrti¢n in the whole church family, and this wa5 demor￿trated in the Chiklren's Christmas Production, where children of all ages from l(Kldlers lo teens were invofved in creating a superb presentation in December. A steady stream of wsilors week by week brought opportunit￿$ for new friendships and invo￿ement. International visitors brought valuable insights to provoke and challenge. with sLNn8 Sixteen visitors throughout the year. Change is abroad and the reality of transitioning to a physica Pfemises began to take shape as planning permiswon for refurbishment of part of our porttolh) of propertEs was granted. Akjngside this, TfUSt885 have bean preparing for internal changes that mirror the physul ones. Indimduas experienced personal gro￿ and devebwnent. as 15 wer8 baptiS8d. 10 were welcomed in to committed relationships, 2 Atyha courses were Tun: plus another of the hugety successful Finding Solutions urses was rolled oul. Leadetship andpasloTrl care Th8 Trus186s adhere to the value that'Christ4ike' le*rship shoukj ¥h¢JW bJve and care as 8 way of life and not merely be about maintaining prop5 to support pecfJl&. The Church ig guided by its senior Core Team. with various Oepartmenl Heads executing the direction sel from that T8am, sharing the weight and enha￿Ing their capacty. As the church now movos into a new chapter. Jamie Singleton lakes the pnmary leadership role. The Leadership have now rolled out the member-inspired groupings kn￿0￿ as 'Housgholds'. These facilitate a g(xJd level of pastoral eare as Itves are shared together and Ihey become a central point of connection. A n@w pastoral team comrnenced in September. supporting the Core Team with the devetopment of pastoral care aertsss the church. Alongsid& thts team, a Pastor81 Timothy Training, programme also Started for others who are also recognised as hawng 'pastoral reath,. to equip them in the devek)pment of pastoral care. Add[t￿)nally. a further couple are now leading the'lntegrati)n￿lcOMing, strziegy to ensure people connecting lo the church are cared Pag8 3 Lif81ino chU￿h IA company Ilmfted by guarnnleel Truste&s' report Iwntinued} for thè year ended 31 March 2025 Achigvamants and perf0m￿nCe (conllnugd Building in reMew and development is core to the prinupSe5 of the Trustees and the leadership have instigated two wov*ing part￿S this year. One is exploring htyw we better approach breaking bread so Ihal th8 church can benefrt more roundty from this important aspect of faith. The second is expbring how we enhance the experience of those who are I￿ning the churth. At the ck)se of the year the outcomes of these worting pthes are being rolled out, initialty lo leaders, for trialing and evaluation. Trsining and Equipping Training is one of LrfeLine's core actMtie5. There are a number of courses that are regularly on offer, such as the parenting course and the marriage course, which have frequenJy been full. These are run by a variety of skilled and often professK)nally quali*ed vclunleers who offer their time arKI gxpertk8e be¢ause they share LtfeLine's vision of being an Organ￿t￿n that trains and wuips Peop￿ for life. The year Commenc￿ with the Accelerate Conference, led by Jack and Kathy Lrttlè ak)ng with a small loam. They facilitated an excellent time of teaching sessK)ns and practical wojloshops time focused around the development of using the gffts of the SpiriL This was a svJnrfKanl ts'me for individuals as well as for the church a8 a whokg. Amongst the courses Nn this yeaT, both Alpha and Finding Solutions have had significant impact for participants. Two Alpha courses have run, introduung Pe¢)P￿ to the bas￿$ of Christkgnity. and FInd1r￿ Solutions has also had two roll-outs, one of which was online with Albankan members. The Finding Solutions loam delivered their'Going Detrpeff material, which has been keenty fdloW￿. Finding Sdutions is aboul exploring the d8op8r quesliDns of life and finding answe￿ through I￿king al what the Bib￿ shows us. A wider l*er5hip r8sKlential COU￿ IC￿ p*e in January. fcws8d on COr￿￿￿erEng vthal it means to 'rètum to our first bve, inviting the leaders ID experience a fresh Unde￿tsnding of vthat rt means to joumey with G¢YJ. The whole church has embark￿ upon a St￿ of tho I￿￿k of Acts, whrh is prov￿Ing opportuniligs for more people to develop skills in deeper study and publK speaking. This has been accOrnpan￿j by the production of some podcasts lo enable refiecb.on on Ihe weekly top￿. A small team provide a INe streaming facilty for Sunday moming meetings and the website and social media channels prowde infomi*ion and contad detsiL8 of all events to the wider community. Safeguarding Safeguarding training delTvered annualty and safeguarding sessions were delfvered lo all leaders during September. Tnjslees clynpkted a Safeguarding Audrf( in August as part of the annual revi￿. which includes a review of in4ate Dssdosure and Barring ched(s for all apprcyriale persons. Additionally, a safeguarding Trustoe has been appointed, along with the Designated Safeguarding Lead and Deputy Safeguarding Lead. Young P80ple The innovative young people's group. Fusion: has conts.nued lo develop. working in partnership with parents. As a new initiatNe for the oldei members. tlv)se over 18 have been enjoying a monthly meal and study group called Pilgrims, bas9d on moving around to drfferenl church memb8TS' home5. It has been good to * some of these young stepping up proactively in a number of resourceful enterprises. One member of this Pilgrims group took part in a smau Iwdm visit to Sierra Leone in March 2025 and ran a ha￿ marathon with his brothers to raise funds for this. The interest in the work in Sterra Leone was also raised by another Fusion member, who vrds inspired to ¢olW donated ck)Ihing from the whole Church. Enlilled 'Clothes for Change,. these items were then scAd online with th8 money raised donated lo th8 10am of LrFeLine Nehemiah Projects based in Freetown, Sierra Leone. Pag& 4 Llfellne Church IA company Ilmltod by guararrtee) Truste6s' report {¢ontlnued} for thg year ondod 31 March 2025 Achievoments and porforman¢e lcontlnued A group of young people and lamilies, spear-headed by tsvo Fusion members and tota15ing 40 peopl8, joined a national week-lono Chri8118n conference ￿lled Limttless. Al of these came b￿k challengod and inwgoraled i their farth. One young person has taken a gap year before going to universty and has been working alongS￿e Jamie Singleton in exploring Ihwr own faith whi15t ser¥ing in the Church. F(x)tball matches belween young arKI parentslolder adu￿$ in a local park continue to b& popular and remain ChHdr6n and FamIl￿S Thg Trustees hold the Children's Ministy hHJh on their agenda. Working towards 8 shared concern for the spiritual devdopmenl of the chiklren in their care. the Chitdren's Ministry team havè this year pathored with leaders in other areas of church lrfe. with the aim of faulitaling their participation in wder church actrvilies. Thus, wè have seen 8 number of initiatwes vthere clyildrtn have been front and centre. Re-energising the monthty prayer rneeling5 has been one such operation-IMth adjustments made to the way infomiation has been disseminated and wi(h a great variety of creatwe ways for children to respond lo this. And in October. a Week￿ club for chI￿reft Start￿ 8$ a workshop wtlh the aim of creating a Christmas Producti￿. W6th fun al￿ poza, the thildren and young people put t¢>Jether the most amazing event, 'In my bain Heaven's King,. It invcfved all children from the tin￿St lots to the oldest tbenagers and they wrote, acted, provid￿ technical and practical 8SSiStance. It was a slunning $L￿e￿I Children from Years 34 toc& part in their annual 'Big Sleepoverf, where they spent a day at an outdoor pursuits rbtre followed by a sleepover for one nighL Chiklren and adults alike reaty enjoyed themsefves and built deeper relalvjnships with eaGh other. After 20 plus y8ar at the hetrn. Ihe main Chitdren's Ministy Wer and her c04vorker stepped down, ready for their own new challenges. The Core Téam identified a n8w tèam who wif ncm take this hugely important work fo(ward. Al the cbse of Ihe year the new l¥m have just stsrtwj to implement the new direction. OulTrach Church mem￿er$ are hugety 8ngaged in supporting the woth in the community and use every opportunty and venue at our disposal to contrd)ute lo this. For example. one of the buiklings al AndrtrNs Comer, Becontree. continues to be a focal point for 8 number of community outreach projecls. Throughout the year. volunt8￿$ have built up a rapport wrth lcd residents and businesses. running a dothes swap. and offering tea and coffee. Working in partnership with Communty Resources. we support Vulnerab￿ families in thé community through the community programmes al LifeLine's main local base - Castle Point. From hefe, LrfeLine offers practical support and friendship to some of the most Vulnerab￿ pecyk in our local community, helping them to ¢c¥nbal isolation and find a place of belonging. foLine Membe￿, Invofv6ment 81 Lccal. National and Infemaliofial levels LifeLine members operate at local. national and intemational ￿1$. Lccally there is invofvement with a range of churches and a mix of 851 iepresenlative faith groups. Members work wth kxal aulh)ritKgS and health se￿ice8, striving to enha￿e and progress c4)mmunity facilities. At national level, LrfeLine members lead the Fa4thActi￿ nefvKJrk. aims to ad￿Se, train. fund. campaign. research and innovate on behalf of faith communities. p￿e5 Llfoline Church IA company limited by guarantse) Trustses. report {contlnuedl for the year ended 31 March 2025 Achlovgments and perfomiance Iconfjnued LifeLine Nelwork Inlernattonal 18 the face of LrfeLino across the nations and includes connections wth 6 continents. This year has seen cross*ollination bety￿en pathers around the world continue to bring mutual encouragement and support. La¥*Tence and Portia MuzunzaNJare frrm JmbOl￿ ￿$ll*j in Juty, as did Prtnce and Mary Williams and Mangenda Kamara from Sierra Leone. Bonface and Lydia Wangecha, from Kenya, spent four months living and volunteering in the LrfeLine Church comrnunity irb London. In September Jclhn ané Dawn Singleton travelled to USA to join th the AIM Team (Allkince IntsmatK)nal Ministries}, together Jam￿ Singleton and Baiden. In November 2024 a group of visrtors from the Nefv￿k Ilew in from Zimbalme, Gemiany and the Caribbean to spend lime with John and Dawn and the whok Church. Leroy Hill, Abert K((¢her, Hif(on Albert and George Moyo look part in a 'Fireside Chat. to update the Churth on th￿rWork in￿lnty and to share some porsonal stories. In e8rty March a small team led by sIng￿ton visf(ed SErra Leone to work akjngside partners there. Elliot 8aiden, Steve Adams, Simon Enu were ioirRd by Joel Guhjo, part ofthe AIM Team from Eeuador. There continues to be ongoiro dvJital communicathM betsveen many of the LifeLine Church mèmbers and members of the LrfeLine Ne￿￿rt( overseas- through zoom, WhatsApp, email and phone calls. p￿Yer Prayer is an essential part of our frfe as a Church and there are many opportunities for @vèryone lo lake part. Developments this year have indLKled nv4V strategies, to invofve chiklren an¢J young people, to enervate and drive a deeper prayer lrfe wthin the church. The chU￿h has been learning aboLrt the rnany forms that prayer can take, including interceding in long-term and serious situations, praying 'governrnenlalW and prophetic prayar. A working party has been meeting for several rnonths to reflect on potentkql new directions and approaches. Using the illustratwe name 'Engine R￿￿, for the monthty whclese at all times to stand on LrfeLine's values and principles. They regard these as essential foundations for the Church as it pursues its missK)n,' they are essential to guide ¢reatNQ inrtiatives, and essential for the spiritual heatth of everyone who is part ol LtfeLine. These convictions allow us to remain a resource lo our wider communities and, in the spirit of generosty, to produce and give more thall we consume. Page 7 Lifellne Church (A company limlted by guarant09 Tru$t8aS' rnport {continued) for tha year endod 31 March 2025 Achievèments and perfornian¢e {contlnuedl Flnanclal review a. RoseNes polky LifeLine Church commit to setting aside at all times reservgs to c¢)ver at least 3 months of ￿eratIOn, in thg event of a drop in income. At the year end the charity had total reserves of £5,643,393 {2024.' £5.605,906). Addition81 reseives can be allctated to projects agreed by the trustees In Ilne ￿￿th the objectives of the charity. Sorne funds will be ring4enced for Spèci￿ prciecis which arg not twnp bound. The Reserves policy wll be reviewed in March every yearwhert the budgot is being Set b. Rosult lor the y￿r LifeLine Church receives much of i(s inccyne in the fcffji ￿ grfts and donations from its membors and where propriate these gifts are gfft aided. Al the year end the charity holds restricted rese￿eS of £1,033,845 {2024: £2,252,262}. Of these, £22,572 are to be used towards any financial needs within the Church community, and £268,821 ar8 for th8 Future Fund to be used for future developments ¥￿in the charity. Th& remainder of the restricted r8sorves are for the Communty building developmfjnt The charty's unreStr￿led r￿rVeS include £1.336,920 {2024.' £3.203,6441 of designated funds, which have been sel aside by the trustees for a specfft pr¢iecl- the development of a building for use by both the Church and the cornmunty. The charity acheived a surplus. after a £55,500 k>ss on revaluatK)n of investment properties of £37.48712024'. surplus of £298,497 aftei a £143,50010$5 on investment prowty and £528,000 gain of revaluation of freehold propetyl. The trustees have ass8ssed the major risk5 to whth the charity is exF¥)sed and are satisffi￿ that systems are in place lo mrtigate exposure to these risks. The main risk is that as LifeLine Church receives the majority of its incmie from grfts and donatK)ns made by members, this income may decrease at any time. Whilst the trustees have no conlnA over amounts given, il has been shown ovei many years that in fact gmng by the church mwnbers has rernained steady and that there have been high levds of generosty to m88t needs. During the last year we have seen some members move on and this has impacted inccffle but the TNstees are continuing to carefulty monitor income against expenditure levels. Pa3e 8 Lllellne church A company limlted by guarants•) Trustees. report Icontinuedl for thg ygar &ndad 31 March 2026 Structurn. governance and management 8. Constltution The Charity is registered as a charitabk ￿MpanY lim[t￿ by guarantee, a8 well as a registered charity and as such is a non prorrt making organis8trJn. tt was incorporated on 29 September 2009 and rts govoming document is the Memofandum and Articles of Associatvjn. b. Methods of appolntment or electlon of Trustees Recommendations for Trustees can come from any memlw of the church and are appointed by the Tru81ee Board. There is no minimum or rnaxirnum temi specff*d in the charitls Memorandum of Articles. The charity will undertake a revtew of this during 2024-25 and agree an 8ppr(yrtate temi for an Trustees lo be appointed. c. Oryanisational structure and declslon4naklng policies Core Team Overall responsibility for the spirrtua teadership of the church rests with the Cora Team. John Singleton led this team until his death in January 2025 when he was suFwseded by Jamie Singleton as the team18ader. M8mb8r$ of the Cor8 T8am include 2 out of 4 Trustees. Mark Baiden, Avril Mclntyre ITrustee), Neil J4ues (Trustee), Jamie Sing￿tOn and Dobromir Gospodinov. Addition￿ Trustee5: Ken JaTris and Richard Grrtfin. As well as the quarterty Trustee meetings, they are involved in sub-9roups (see below) delegated by Truslogslcore Team. Sub Groups PROPERTY ADVISORY GROUP .Responsibl8 for th8 different propety neWHlions. Delegated by Core Team. Regukr reports lo Corg Toam and Tnjstees. This team is made up of 3 core t&3m and other church m8mbers with expertise in finance, constructKtrn & project management. Avril Mclntyre, Mark Baiden, Jam￿ Singleton, Dennis Wrigh( Matthew Stanfortr, Peter Cross and Naomi Sandy. PASTORAL TEAM .There is a team who oversee the leaders who host small groups {househokls} where church members connect and grow. This l&am is responsible lo the Core Team. Avril Mclntyre (Trusleel, Salty & Grant Dixon, Miro & Mara GospodifNW, Jamie si￿leton. Daniel & HeKIi Singleton and Daniel & ￿all Jones. FINANCE JEAM We have a1884m who support the Core Te￿ deusions around the church finances. The team are: Rachel Wllght, Lucy Brewer, R￿hard Griffin, Nick Brewer, Peter Cross and Jamie Singleton (Coro). SALAR YSUB-GROUP Primarily lo review annual salarythenefrts of John Sir#Jleton, Senior Leader. Moets annual￿. Delegated by Core Teamtrrustees. Ken Jarvis ffrustee), Avril Mclntyr2 (Trustee). Mark 8aNJen. Page 9 Llfalln& Church (A company Ilmlted by guarantee Trustees, report (continugdl for th8 y8ar onded 31 March 2025 Structur8. goveman¢o and managernent {￿ntInued) CHURCH TEAMS There ar8 drfferenl teams of people who lead dffterenl aspocts of the chutrh ministry. Members of the Core Team oversee the team leaders. Teams in¢lude", Admini8lration.' led by Avril Mclntyre. Prayer.. I￿ by Elspeth Paisley Logistics.. led by Phil Paisley Communications.. by Elsp&h Pai8￿Y Worship,. Jack Easter Fusion (youth & parents): Mark & Teah Bavjen & Danid & Hebji Singleton Children.. Dan & Abigail JMes d. Pay pollcy for key management personn All roles in the Charity will be subject to a salary b8nchmarking process that will assess them against similar roles in Similar￿ sized arKI located organisalions within similar sectors. There will be a fomial review of benchm8T*ing everythree years. Whore proposals are made for new roles to be realed within the Charity between formal benchmarking rnw8ws, an independenlty benchmarked salary wll b9 obtain8d. If, 81 any point between fO￿lla1 benchmarking rewM, job responsibililies change SIgn￿lCantly, the affected staff member may request a review of their role grading and salary benchmark. It will be the responsibility of the Operations Diredor lo decide ￿￿ether a revw is warrdnted. Wherever 8 new or changad rde requires benchmarking the &ssessor will be provid&1 with copies of the role descriptions and benchmark $￿Te$ of all other roles in the organisatiDn to give Context. Page 10 Lifelln8 Church IA Company limited by guarantee) Trustaos, rnport {conUnuedl for the year ended 31 March 2025 Ststsm¢nt of Trustees, responslbllldes The Trustees {vtho are also the Directors of the ChaTity for Ihe purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordatice wf(h applicabl8 law and United Kingdom A￿OUntIng Standards (United Kingdom Generalty Accepted Accounting Pract￿81. Company law requires lh8 Tnjstw to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satiSf￿d that they give a true and fair ew of the state of affair5 of the Group and the Charity and of their income and application of resources, including their inwme and expenditure. for that peITh￿. In preparing these financial statsm&nts, th8 Trustees are required to: sdect suitable accounting policies and then appty them consislentty.. observe the melheds and principles of the Chait*s SORP (FRS 1021., make judgements and accounting estimates that are reasonable and prudent" stale whether applieable UK Aecounting Standards IFRS 1021 have been follLNV8d, subject lo any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis Un￿ li is inappropriate lo prasurne that the Group will continue in business. The Trustees are responsibla for keeping adequate ￿ntir0 records that are sufficienl to show and explain the Group and Ihe Charivs tranwtions and disclose with reasonable accuracy al any time the financkgl posrtion of the Group and the Charity and enable them to ￿SUre that the financial statements comply w*th the Companies Ad 20Q￿. They are also responsibl6 for safeguardiThJ the assets of the Group and th8 Charity and henc8 for taking reasonable steps for the prevention and del￿tion of fraud and other irregularities. Disclosure of infomiatlon to audliors Each of the persons who are Trustees at the time when thts Trustees. report is approved has confimied Ihal.. $0 far as th* Trustee is aware, there is no relevant audii information of which the charitsblo group's auditors ar8 unav4aTe. and that Trustee has taken all the steps that ought lo have been taken as a Trustse in order lo b8 aware of any relevant audit infomiation and to establish that the charitable group's auditors aro aware of that infomiation. Auditors The audit registrath?n of Kreston Reeves LLP was transferred lo Kfeston Reeves Audit LLP on 6 Odober 2025. Kr8Ston Reev88 Audit LLP were formdty appointed as auditor lo the charity on 6 October 2025. Approved by order of the members of the Board of Trustees and svjned on their behalf by: A Mclntyre Trust80 Date.. Mcbdr Iil,,IiC P4e 11 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditors' 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 2025 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 2025 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 Auditors' 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 12 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditors' 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 auditors' 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 13 **Lifeline Church (A company limited by guarantee)** ## **Independent auditors' report to the Members of Lifeline Church (continued)** ## **Auditors' 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 auditors' 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 - Assessment of identified fraud risk factors; 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 • Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material mistatement due to fraud; and - Reading minutes of meetings of those charged with governance; and - Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the 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. Page 14 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditors' report to the Members of Lifeline Church (continued)** As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: - 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 our auditors' 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 our auditors' 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. Page 15 **Lifeline Church** **(A company limited by guarantee)** ## **Independent auditors' report to the Members of Lifeline Church (continued)** ## **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 auditors' 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 Audit LLP** Statutory Auditor Chatham Maritime Date: 26 November 2025 Kreston Reeves Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 16 Llfeline Church IA company Ilmlted by guarantee) Consolidaled Stalement of flnancial actNiUes lincorporatlng in¢ome and expendlture accounti for tho yèar ènded 31 March 2025 Unrestrlctsd Rastri¢tod funds funds 2025 2025 Total funds 2026 Total funds 2024 Noto Income from: Donations and legacies CharIta￿e adivriies other trading ￿1vitieS Investments other income 465,600 6,671 623 148,197 41,427 IOA50 466,050 6.671 623 148.197 41,427 877,006 6,000 128,373 4,914 Total Incom 652,518 10,450 662.968 1.016,293 Expendlture on: Charitable aclivrties 663.406 4A78 567.884 1,102,296 Total oxpenditure S63.406 4A78 567,884 1,102,296 Net incomel{expenditurg) bofore net losses on Investments Net losses on investments 89,112 155,5001 6.972 95.084 155,500> 186,0031 1143.5001 Net incomel(expenditure) beforg taxatlon Taxation 33,612 110971 5,972 39.584 (2.0971 1229,5031 N8t incomellexpendSture} after tsxatlon Transfers between fijnds 31,515 1.224389 5,972 (1.224,3891 37,487 {229,5031 19 Nèt rnovément in funds before other recognlsed galnsl{lossesl 1.255.904 {1,218,41n 37.487 1229,503) other recognlsed galnslllossesl: Gains on revaluation of fLxed assets 528,000 Net movomont In fund8 1,255.904 11,218,417 37.487 298,497 R8concillation of funds: Tolal lunds brought foThvard Net movemènt in funds 3,353,644 1.255,904 2.252,262 11218,4171 S.605,￿6 37,487 5,307,409 298,497 Total funds carried fonvanl 4,809,548 1.033,845 S,643.393 5,605,906 The Consolidated statement of financtal ath[t￿ includes all gains and t05ses recognised in the y8ar. The notes on pages 23 10 43 form part ofthese fin8no81 statements. Page 17 Lifellne Church A company Ilmlted by guarantso) R8glstered nurnber: 07033697 Consolldated balance sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assets Investment propety 13 14 2.909,900 111.000 1,702, 650,500 3.020.900 2,353,466 Current ass•ts Debtor5 Investments Cash al bank aThJ in hand 16 17 248.548 1,001A23 1.611.718 39.101 1,001.423 2,417,733 2.861.689 3.458.257 Creditors.. amounts falling due wilhin one year 18 (239.196) {205,81n Nat current assets 2.622.493 3,252,440 Total nel assets 5,643,393 5,605.9C Charity funds Restricted funds Unrestricted funds 19 19 1.033.845 4609.548 2.252,262 3.353,644 Total funds 5.643.393 5,605,906 P&3818 Llfellne ch￿￿h IA company Ilmlted by guaranteè Reglstarod number: 07033697 Consolldatad balance sheet (continued) as at 31 March 2025 The Company w85 entitl8d lo exemption from audit under section 477 of the Companies Act 2QOS. Th8 members have not required the entity lo obtsJ"n an audit for the year in accorda￿e section 476 of the Companies Act 2006. How8ver, an audrt is required in accordance with s8CtK)n 151 of the Charities Act 2011. The Tru51ees ad(novAedge their responsibilities for Ccrfnp￿ng wrth the requirements of the Act wf(h respèct to accounting records and preparation of ffnancial ststements. The financial statements have been prepared in ￿￿dan￿ with the PTowsions applicable to enlitigs subject lo the small companios regime. The financial statements were approved and 8utrK)rised for issue by the Tru8t6ès and signed on their behalf by.. A M¢lntyre Trustee Date.. The notes on pages 23 to 43 form part ofthese financral statements. Page 19 Llfellne Church IA company Ilmlt8d by guarants81 Registered number. 07033697 Charity balance sheot a8 at 31 March 2025 2025 2024 Flxed assets Tangible assets Investments 13 15 2.909.900 114.861 1,702,966 611,613 3,024.761 2,314.579 Curgnt assgts Deblors Investments Gash at bank and in hand 16 17 246.251 I,IX11.423 1,592,041 33,819 1,¢yJ1,423 2,385,023 1839.715 3,420,265 Creditors: amounts falling due within one year 18 {221.083) (82,624} Ngt curr•nt assets 2,618.632 3,337.841 Total net assgts 5,643.393 5,652.220 Charfty fund$ Restrrcled funds Unrestricted fund8 19 19 1.033.846 4,609.548 2,252,262 3,399,958 Total fvnds 5.643,393 5,652,220 PwJ& 20 Ufellne Church IA company Ilmitèd by guarantee) Registered nurnber: 07033697 Charlty balancè sheet (continued) as at 31 March 202S The Charty's net ￿0vement in furKIs foT the year vrds £8.827 {2024- £454,805). The Charity was entitled lo exemption from audit under section 477 of the Companies Ad 20C6. The membors have not required the entity to obtain an audit for the yw in question in a￿ordanCe with seclK)n 476 of the Conyanies Act 20CE. However. an aLKtit is requirgj in accordance with section 151 of the Chartties Act 2011. The Trustees aCkn￿d98 their responsibilities for coMpl￿.ng ¥￿th the requirements of thé Act with respect lo accounting records and prep8r8tion of ffinancial statements. The financial statements have been prepared in accordan￿ with thg prowsK)ns appI￿ab￿ to entities Subject lo thè small companies regime. The financial statements were approved authorised for issue by the Trustees and signed on their behalf by.. A Mclntyre Trustee Date.. Tho notes on pages 23 to 43 fomi part of th8se financial stalemenls. Page 21 Llfelinè Church IA company limited by guarantse) Consolidated statement of cash flo￿* for the year and￿ 31 IAar¢h 2026 2026 2024 Cash flo￿ from op•ratlng actlyltios Nel cash used in operating activit￿ (r￿e 221 1156,0991 139.130) Cash flt)ws from Investing aetivhles Dividends, interests and rents from investrnenls PKteeds from the sale of tangible fixed assets Purchase of tsngible fixed assets Disposal of tangible fixed assets 75,561 2,160 1727,637> (468.1S9) S08,017 57,746 Net cash {used inllprovidod by Investing activities 1649.916} 97.604 Change in ta$h and cash equfvalents In the year Cash and cash equivalents at the beginniNJ of the year 1806,016} 3.419,156 58N74 3,360,682 Cash and cash oqulvalents at the end of the year 2,613,141 3,419,156 Tha notes on pages 23 to 43 fomi part ofth8se finar￿1￿ statements Page 22 Lifgllne Church IA company Ilmitod by guaranteo) Notes to the Ilnanclal statsments for the year ended 31 March 2025 General Intornialion Lilelino Church is 8 Charitable Company limited by guarantee. incorporated in E￿land and Wales. The registered office is Lrfdine House. 25 Newl16 Ro￿. Dagenham, Essex, RM8 3QS. The Charbtls principal ci)jectNes are as sel out in the Tn￿lee$ Report on p&Je 2. Accountlng pollcies 2.1 Basis ot preparation of flnan¢ial statements The financial statements have been prepared in aceordance wth the Charilies SORP IFRS 1021 . Accounting and Reporting by Charitses.. Statement of Recommended Pradi¢e applicable lo charities preparing their accounts in accordance ￿￿th the Financial Reporting Standard 8pplwble in th8 UK and Republic of Ireland {FRS 102> leffectNe 1 January 20191, the Financial Reporting Standard applicable in the UK 8nd RepU￿1C of Ire￿nd IFRS 102} and the Companies Act 2006. Lrfeline Church meets the definriion of a public benefft entity under FRS 102. Assels arKI liabilf(ie8 are Inilialty recognised at historical cost or transaction value unl8ss otherydise slated in tha relevant accounting poI￿y. The conSol￿ated statement of financial 0￿Nit￿S {SOFAI and consolidated balance sheet constslidate the financial statements of the Charity and rts Subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charty has tsken advantsge of the exemptr>n alkAved under secti)n 408 of the Companies Act 2006 and has not presented its own statement of financial in these financial slatsments. The financial slalements are presented in UK sterling. is the Charitls functional currency, and rounded lo the nearest pound. 22 Company statu8 The CharFty is a charitab￿ Company limtied by guarantee. The meM￿r5 of the Charity are th@ Trustees named on page l. In the event of the Charity being wound up, the liability in respect of the guarantee is limi￿￿ to £1 per member of the Charity. 2.3 Going concern The Trustees assess whether the use of g(xng concem is apprupriate i.e. whether th8re are any material uncertainty'8s related to events or conditk)ns that may cast significant doubt on the ability of the Charity to continue as a wing con￿. The Trust*s make thi8 assessment in respect of a period of at least one year from the d8ts of authorisalion for issue of the financial statements and have conduded that the Charity has adequate resources to continue in operational exist8nce for the foreseeable future and there are no Materi￿ uncartainties aboLrt the Charitys ability lo continue as a going concern, thus th8y u)ntinue to adcpt the going con￿rn basis of ￿Counting in preparin9 the financtal statements. Page 23 Lrffjlino Church IA company Ilmlted by guardntsel Notes to the financlal statements for tho y8ar onded 31 March 2025 Accountlng pollcles {contlnuedl 14 Income All In￿rne is recognised once the Charity has antitlemerrt to the ir￿Orne, rfc is probab￿ that the income wll be received and the anN)unt of income ￿1Vable can b8 measured reliably. Grants are included in Ihe consc4iJated statement ot financial adivrties on a receivable basis. The balance of inc¢)me receNed for SFecffic purpw$ but not expondod during the period is shown in the relevant fvnds on the balance sheet Where incLxne is receiwj in advance of enlrtlement of receipt, its recognikn'on is deferred and induded in creditors a5 deferred inccme. Wh8r& entitlement occurs before income is receNed. the income i¥ aotrued. Income tax recoverable in rektion to donations receNed under Grft or deeds of covenant is r￿ognISed al the time of the donat￿)n. Income tax recoverable in relation to investment income is recognised at th8 time tho investsnont incurne is receivable. Other inccwna is r8cognis8d in the period in wh￿h it 18 receivab￿ and to th¢ extent the goods have been provided or on comptetion of the semce. 2.5 Expendlture Expenditure is recogni5ed once there k8 a legal or constructNe oblKJat*)n to transfer econcmic benefit lo a third paty, f( is probab￿ that a transfer of econom￿ beneFrf(s be r4uired in settlement and the amount of the obligation can be measured reliabty. Expenditure on charitablè actiVrt￿ is inCu￿e￿ on diredly undertaking the actNrf(ies which further the Group's objectives. as well as any assttiated support costs. Grants payabl8 are chargwj in the yearwhen Ihe offer is made except in those cases where the offer is conditional, such grants being rewniwj as expenditure when tha conditions attaching are fulfilled. Grants offer&J Subl￿t lo condibons ￿1¢h have not been met at the year end are nr>ted as 8 mrnitmenl. but not accrued as expenditure. All ejpenditure ts inclusNe of Itt￿Verable VAT. 2.6 Interest receivable Interest on funds hekj on deposf( is included when recetV2bbe and the amount ¢an be measured reliably by the Group,- this is normal￿ upon nobfication of the interest paMI or payable by the instttutK)n with whom the furKls are deposited. 17 Taxatlon The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Aet 2010 and therefore il meets the definition of a charil*le company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in iespect of income or capital gains received within categories covered by Chapter 3 Part 11 of tho Corporation Tax Act 2010 or Secllon 256 of the Taxation of ChargeatAe Gains Act 1992. lo the extent Ihat such income or gains gre applied exclusively to charitable purposes. P￿8 24 Llfeline Church {A company limltsd by guar4nto0} Notes to the financial statamgnts for the year ended 31 hlarch 2025 Accountlng pollcles Icontinu8d} 18 Tanglble fixed assets and depreciatlon Tangib￿ fixed assets are init￿lly recOgn￿ed al ¢osL After recognition. under the cost model, tangible fixd assets are measured al cost less ac¢umul8ted depreciation and any &cumulaled imp8im8nl losses. All costs incurred lo bring a tangible fixed osset into ts intended working condition should be included in the measurement of ¢osL At each reporting date thè Chanty agsesses ￿her there is any indication of impainnent If such indicatk)n 8xisls, the recoverable amount of the asset is determined lo be the hvJher of ils fair value less costs to sell and its value in us8. An impairment Ic>SS is Tecognised where the Car￿ng amount exceeds the re￿ver￿)Ie amount. Depreciation 18 clbarged 50 as to alk¢ate the cost of tangib￿ fixed assets less their residual value over their estimated useful INts. on the folh)wing basis.. Freehold property Plant and machinery Motor vehicles Fixtures and frtting3 Computer equipment - not depreciated 25Trh straight line 25•h straight line 25% straight line 25.kn straight line Gains and losses on disposals are determined by comparing th6 pr¢x88ds VAth the caThying arnounl and are recognised in the consc4Kdated stalemont of financial actiwlies. 19 Investments Fixed asset investments are a fom) of financral instrument and are initially recognised at Iheir trdns*lion cost and subsequenNy measured al fair value at the balance sheet date, unl8ss the value canr￿t be measured reliably in wh￿h case (( is me8sure(l at cost18ss impaim)enL Investment gains and k)sses, whether Tealis& or unrealised, a￿ combined and presented a8 'G8insllLosses} on investm8nts' in the Consolidat￿ statement offinancial ath"vrties. Inv8Stmen15 in 5ubsidk4re5 are valued at (x)st pwsion for impaimenL Investment propertkqs is carried at fair value determined annualty by external valuers and derive from the current market rents and investment pr(￿ty ￿eldS for comparable real estate, adjusted rf ne￿SSary for any difference in the nature, k)cation or wndition of the specrfK asseL No depreciatw)n is provided. Change5 in fair value are recognised in profrt or loss. 2.10 Debtors Trade and other debtors are recognised al the setilement amount. Prepayments are valued at the amount prepaid. 111 Cash at bank and In hand Cash at bank and in hand includes cash and short-tem highly liquid investments ￿th a 8IK)rt malurty of three months or less from the date of acquisitwjn or opening of tho deposit or similar a￿oUnt Page 25 Llf8lln8 Church (A ¢ompany Ilmltod by guardntse) Notes to tho flnanctal statgmenls for Ihg year ended 31 Ma￿h 2025 Accounting kK>lici•s Icontlnuedl 2.12 Llabilltles and provislons Liabilities are recogni8e(I when there is an obligation at the Balance sheet date as a result of a past event, rt is probable that a transfer of economic bene)It will be required in settlement. and the amount of tho settlorrEnt bfr estimated reliably. Liabi1rt￿S are ￿e0￿nised at the amount that the Charity anticipate5 (t will pay to settle the debl or the amount it has received as advanced payments for the goods or servKes rt musl provide. Provisions are measured at the best estinate of the amounts required lo settk the obligation. Where the effect of the b'me v4ue of money m*erial. the promsion is based on the presenl value of those amounts, discounted at the pr&tax discount rale that refiects the risks specth'c to the liabilty. The unwnding of the discount 15 reCOgn￿ed in the consolidated statement of financiaj activities as a finan¢e cost. 2.13 Flnanclal Instruments The GroLFP onty has financial assets and financial liab1fily￿ of a kind that qualfy as basic financial instruments. Basic financial instruments are inftiaDy recognis8d at Iransadion value and subsequently measured at their settIen￿nt value. 2.14 P&nslons The Group operates a defined contribution pension scheme and the pen$H)n charge represents the amounts payable by th& Group to the fund in resF*d ofth8 y88r. 2.15 Fund accounllng General funds are unrestricted funds which are available for use at the discretion of th8 Trustees in fijrtherance of the general objectives of Ihe Group arKI wht¢h have not been designated for other purwses. Designated funds comprise unrestrKted funds that have been set asid8 by the Trusteés for partKular purposes. The awn and use of each desvJnated fund is set out in the notes lo the financial stsloments. Restrided funds are funds wh￿h are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and adminisl8ring such funds arn charged against the sp8cific fund. The aim and use of each reslric18d fund ts set out in the notes to Ihe financial statemerrts. Investrnent income. gains and losses are alloc*ed to the apprqJr* fund. Page 26 Llfollna Church IA company Ilmltsd by guarantsgTr Notos to tho Ilnanclal statements forthe yearended 31 March 2025 Crltlcal accounting 8stlmates and of judgement Estimates and judgements are conlinuaNy evaluated and are based on historical experience and other factors, including expectations of future events that ar8 believed to be reasonable under the circumstances. Critscal aceounting estimates and assumptions.. The Charity makes eslunates and assumptions concerning the future. The resulting accounting estimates and assumpli¢)ns wll, by definitson. seldom equal the related actual results. Tho estimates and assumptions are reviewed on an ongoing basis. Rewsions to accounting estimates are recognised in the period in which the estimate is rewsed where Ihg rwsion affects only that period, or in the period of the revision and fLrture periods where the r￿Slon affects both CUTrent and future periods. Income from donations and legacles Unrestrieted Rostrkted funds nds 2025 2025 Total funds 2025 Total funds 2024 Donations and grf Grants 45S.600 10.450 466.050 527,0 35Q,OQO 455,600 10.450 466,050 877,006 Tetal 2024 484,246 392,760 877,QC6 Income from charltable activitl8S Unrestricted funds 2025 Total funds 2025 Total funds 2024 Charitable ￿ntaI In￿Me 6.671 6,671 6,000 Total 2024 6,000 Page 27 Llfellne Church {A company Ilmlted by guarnntsel Notes to the financlal $tat&mants for thè year ended 31 March 2026 Investment In¢omo Unrfjstrlcted funds 2025 Total funds 2025 Total funds 2024 Valence Gmup rental incorre Interest receivable 72.636 75,561 72.636 75,561 70,627 57,746 148.197 148.197 128,373 T￿4 2024 128.373 128,373 Other Incomo Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Miscellaneous income Insuran￿ claims Confer8nce bcoking refund 3,427 38.000 3,427 38,000 888 41,427 41,427 4,914 TO1￿ 2024 4.914 4,914 P&Je 28 Llfellne Church {A company Ilmlted by guarantse) Notes to thg finan¢lal ststgmonts for the year ended 31 March 2025 Analysls of grants Grants to Grants to Insthutlons Indlvkluals 2025 2025 Total lunds 2025 Total funds 2024 Grants payable 90,885 5,358 96.243 111,225 Total 2024 93,382 17.843 111.225 The Group has made the follct*Tng malerial granls to instituti)ns during the year 2026 2024 Name of Instftutlon Lrfeline Networ1( Intemational 90.880 93,382 Analysls of expendI￿re on charltable a¢tlvltles Summary by fund type Unrestricted R8stricted funds funds >25 2025 Total 2025 Total 2024 Charitable actiwties 563.4C 4.478 567.884 1,102,2 Tttsl 2024 1.084,870 17.426 1.102,296 10. Analysis of expendttura by actlvttles Direct costs 2025 Grants payable 2025 Support costs 2025 Totsl funds 2025 Total funds 2024 Charitable actNities 454.965 96.243 16,676 667.884 1,102,296 Tota 2024 973.917 111.225 17,154 1,102,296 Page 29 Uf•llne Church (A company Ilmitad by guarantw) Notes to the financial statomonts for the year ended 31 March 2025 10. Analysls of expendlture by actlvltles (contlnued) Analysis of direct costs Unrestricted funds 2025 Total funds 202S Total funds 2024 staff ￿$*$ Depreclation and impaiment charge Printing, postage and stalionery Office expenses 184,084 4.703 1,156 19,280 184.084 4,703 1,156 19,280 188,917 5,755 1.968 19,067 Llil Travel and sub$istsn¢e Establishment expenses Ministry support Other direct costs Sundry e¥)en3es Leg￿ and professional tees Propety cosls Writ￿ff of capilalis￿ buikling development costs 4.933 70.348 70,641 55.535 10,723 17,064 16.498 4,933 70,348 70.641 55,S35 10.723 17,064 16.498 8,733 38,389 71.296 67,361 10,706 11,327 15,477 534,921 454,965 454,965 973,917 Total 2024 973,917 973,917 Analys1$ of Support costs Unrestricted funds 2025 Total fun(Is 2025 Total funds 2024 Audit fees Legal fees 15,595 1.081 15,595 1.081 11,850 5,304 16,678 18,676 17,154 Total 2024 17.154 17,154 Page 30 Lifeline Church {A company limited by guarantee Notes to th8 flnanclal ststsments for tho year ended 31 March 2025 11. Staff costs Group 2025 Group 2024 Charlty 2025 Charity 2024 Wages and salar￿6 Social security costs Pension costs 174.677 173,068 12.529 3.320 174,677 6,868 2,539 173,068 12,529 3,320 1539 184,084 188.917 184,084 188,917 Th8 average number of persons empbyed by the Charity during the year was as follows.. Group 2025 No. Group 2024 Employ98$ Thg average headcount e>pres8ed as fijI￿*Me equival8rts was.. Group 2025 No. Group 2024 Full time quivalents The numb8r of employees whose empw beneffts (excluding employer pensK)n costs) exceeded £60,000 was: Group 2025 No. Group 2024 No. In the band £60,001- £70,(N)o In the band £70.001- £80.000 The remuneralron and benefrts recewed by the Chartls Key management personnel, during the financial year, including employerfs national Insuran￿ ￿ntribUtiOnS. amounted to £102,65312024.. £141,683). 12. Trustees. remuneration and exponsos During the financid year. A Mclnwe, a Trust88, received £27,269 {2024'. £69,566) in r8rnuneration and ben8fits, induding emphJyerf5 national insurance contributions. as well as £605 {2024'. £1.3211 in employerfs pension contributions, in her opacity as Church Coordinator. The ￿981 authority for the remuneration is set in the Charitys Memorandum and Arbcles of Asscriation. Page 31 Lrfeline ChU￿h {A Company Ilmlted by guarantsel Notes to the financial statom8nts for the year ended 31 March 2025 12. Trustee6' remuneratlon and expen888 Icontinued> During the year ended 31 March 2025, expenses lotalling £3.760 were reimbursed or paid directty 10 4 Truslges (2024 - £3,280 to 5 Trustoes). Trustees expensos rel*ed lo travol, motor expènses and ministry costs. 13. Tanglble fixed assets Group Freehold Plant and property machinery Motor Flxlures Computer vehicles and fittings equipment Total Cost or valuatlon Al 1 April 2024 Add(cions Transfers from investm8nl propety 484,LKX) Disposals 1.696.169 727.637 76.464 13.815 1.795.322 727.637 484,01 {2,1601 12,1601 Al 31 March 2025 2.907.796 7.000 2.884 13,815 3,004.799 Depreciation Al 1 April 2024 Charge for the year On disposals 10,374 1.964 92,356 4,703 {2.160} 1739 12.1601 Al 31 Ma￿￿ 2025 72,677 12,338 94,899 Net book value Al 31 March 2025 1907.796 627 1.477 2,909,900 At 31 Marth 2024 1,696.159 3,441 1,702,966 P?ge 32 Lifolino Church (A company Ilmited by guarantse) Notos to th& financial ststements for the year ended 31 March 2026 13. Tanglble fix8d assets Icontinuedl Group l¢orrtlnued) Lffeline House was professionafy valued in 2024 by CLqrke H￿￿er Estate Agents and Chartered Surveyor8, on an open matkel vaiue for existing use basts to ¢>Th to the ValUat￿n of £728,OfKI. IrKluded in land and building5 are properties wh￿h could be considered as investment prOpert￿S under FRS 102. however, the intention is to develop these prwrties lor the Charitls own use as soon a6 IS possib18 and so the Trusle8s consider the move to show these properties as invèstment properties in the shc4t-term to be an undu& cost Of effort. Charlty Freehold Plant and property machinery Motor Fixtures Computgr vehicles and fthngs oqulpment Total Cost or valuation Al 1 April 2024 Addrfcions Transfers intra group Di5P08als 1,696.159 727.637 484.000 75.464 2,884 13,815 1,795,322 727.637 484.OIKJ (2,160) (2.1601 Al 31 March 2025 1907,796 73,304 7.000 2.884 13015 3,004,799 Deprgclatlon Al 1 April 2024 Charge for the year On disposals 72.098 1739 11160} 10,374 92.356 4.703 12,1601 At 31 March 2025 72.677 2,884 12.338 94,899 Net book value At 31 March 2025 1907.796 627 1,477 2,909,900 At 31 March 2024 1,6￿,159 3,441 1,702, P￿33 Llfellne Church {A company Ilmlt•d by guarantee) Notos to tho financlal statoments for tho year ended 31 March 2025 14. Investment prop8rty Group Freehold investment proporty Valuatlon Brought forward Deficit on revalLtaion Transfer to trngib￿ rued assets 650.500 155,5001 1484,000 At 31 March 2025 111,000 Th8 investrnent properties were professionauy valued in 2024 by Clarf(e Hillyer Estate Agents and Chartered Surveyors, on an open market value for gxlsting us8 basis to cc*ne to the above valuation of £6SO,500. Included in this valuation vrds 45N52 Becontm Avenue at a value of £484,QCM). This propety has been transferred to freehcAd property as it is to be deveh)wJ with the olh8r fr8ahold properties for th8 Charitys own use as soon as is possitAe. The trustees reviewed the value of the remaining pr(perties held within investment properties and agreed that the value should be reduced lo £ll1.C￿0. This is on the basis that the prop8rb8s were professionally valued in Ma￿h 2024 (with 3 years left on the knes) at £166,500 $0 il would seem reasonab16 that in March 2025 Iwith 2 years16ft on the leases) the value would have reduced by a thiid. P&3e 34 Ufellne Church (A Company Ilmiied by guarantge Notes to the flnanelal statements for the year ended 31 March 2025 15. Fixod •s$frt Investments Invesiments In subsidiary companle8 Charlty Cost or valuatlon At 1 April 2024 611,613 At 31 March 2025 611.613 Impalm)ent Charge for the year 496,752 At 31 March 2025 496,752 N9t book valug At 31 March 2025 114.861 At 31 March 2024 611,612 16. Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Due wlthln one year Trade debtors Other debtors Prepayments and accrued income 4,340 1,540 33,221 7,200 203,665 36.386 4,340 203.679 37.669 29.479 39.101 246.251 33.819 17. Currgnt ￿$9t Invostments Group 202S Group 2024 ChaTIty 2025 Charity 2024 Short4em cash investments 1,001,423 1,001,423 1.001.423 1,001,423 Page 35 Lifeline Church {A company Ilrnitad by guarantee) Notes to the flnancial statements for the year ended 31 March 2025 18. Credltors: Amounts falllng due within one ygar Group 2025 Group 2024 Charity 21)2S Charty 2024 Trade creditors Corporation tax Other taxation ancl sLKial secu Other creditors Accruals and defa￿ed incow 86.895 55,468 2.097 3.318 8.009 138,871 4,739 8,240 130,542 3.318 8.009 122.861 4,739 8,24Q 14,177 239,196 205.817 221,083 82.624 Group 2025 Group 2024 Defe￿ed income at 1 April 2024 Resources defeThed during the year Amounts released from previous periods 114.435 4.968 28,869) 92,525 29,038 (7,128} 90,534 114,435 Deferred inecrfne relates to rental income receNed relating to fvture periods. The 2Q24 deferred income also included money racaived from an insurance claim in 2024 paid out aftei the year end. Page 36 Lrfellne Church {A ¢ompany Ilm51ed by guarantee} Note$ to the financlal statsments for the year 8nd6d 31 March 2025 19. Statement of funds Statement of funds- current year Balance at 31 March 2025 Balancè at 1 Aprll 2024 Transfers Inlout Galnsl (Losses) Income Expendiiure Unrestrictsd funds Deslgnated funds Main hall development 3203,644 (1.866.7241 1,336,920 General funds General funds 150 652.518 IS65.5031 3,091,113 {55,SOO) 3,272,628 Total Unrestrlctod fvnds 3R53.644 652.518 (565.5031 1,224.389 (55.5001 4,809,548 R8Stricted funds Ghts for individuals in 3.200 13.200) Special off￿ng - Covid needs Future Fund LCP cash grants for building development LCP transfer of VGL for building development Extemal funding for building development Christmas specid offering frir Sierra Leone 21850 261,571 1278) 22,572 268,821 7.250 1.084,228 1456,6371 627,591 611,613 1496,7521 114,861 271,000 1271.NJOI 1.000 {1,0001 2,252,262 10.450 {4A78) 11,224,389) 1.033,845 Total of funds 5,605,906 662.968 (569,981) 156,500) 5.643,393 Page 37 Lllalln• Church (A company limlted by guarantee) Not8s to th8 finan¢ial ststements for tho yoar ended 31 P4larch 2025 19. ststement of lunds {eontinuedl ststgment of lunds- prlor year Balance at 31 Mareh 2024 Balance at 1 April 2023 Transfers inlout Gaingl {Losses} In￿me Expenditure Unrestrlctgd funds Deslgnat•d funds ain hall development 2,737.570 {534.9211 1,000.995 3,203,644 General funds Generaj funds 224.752 623,533 {549,949) {532,836) 384,5QO 150,000 Total UnTQStrictsd funds 2,962.322 623.533 11,084.870) 468.159 384,5DO 3,353,644 Restrfcted funds Gifts for indwiduals in need Special Offering - Cowd needs Future Fund LCP cash grants for building development LCP transfer of VGL for bu1￿1ng development LBBD grant re Ukraine host support External furKling for building devdopment Christsnas special offeNng for Sierra Leone 3.800 13.8001 24, 232,071 12,110) 22,850 261,571 29,500 1.302.387 1218.159) 1,084,228 611,613 611,613 13,0561 171.000 350.0(k) 1250,ODOI 271.000 9,460 18,460) 1,000 Page 38 Lifeline Church IA company Ilmltad by guaranteg) Note5 to the financlal statom8nts for the year ended 31 Ma￿h 2025 19. Ststement of funds Iconttnued) Statement of funds - prior year lcontlnugd) Ba18nce at 31 March 2024 Balance at 1 April 2023 Trartsfers inlout Gainsl (Losses) IrKome Eypenditure 2,345,087 392.760 {17.426} (468,1591 2,252,262 Total of funds 5,307,409 1,016.293 11,102 2￿) 384,5CIO 5,605,906 Speclal offerlng - Covid needs - these fvnds are Intend￿ to be for any financial needs arising from the Covid pandemic & cost of liwng crisis. Christinas spoclal offerlng for Sierra Leone - money gNen for the Noh8miah Hlxne in Freetown. Si8rra Leone. Futhre Fund - funds to be us&J for fu￿re developments within LifeLinè Church. LCP grants- fvnds given by LCP to be us&J forthe bui￿al￿g deVebpw￿nt. External fundlng for bulldlng development - grants gtven by other organisations to be used for the building development. During the year transfers were made ffom the Extemal funding for buikling d8velopment restricted fund th8 LCP grants restricted fund to unrestricted funds. This ts where building éevolopment costs have been incuired in the year and capitalised in the year. The bU1￿1￿g 18 not required to be held within reStr￿le￿ funds going forward as rt will be used for any Char[tab￿ putpose. There was also a transfer made from the LCP transfer of VGL fof buikling deveh)pment restr￿ed fund to unrestricted funds lo refl8d the irnpairment of the investment in VGL as a result of the transfer of an investment propety In VGL lo tar¥Jible fixed assets in the parent charity. Anatysis of net assets l)etween funds Analysis of net assets between fvnds - current year Unr•stricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Investment propety Current assets Cieditors due within one year 2,909,900 111.000 1,827,844 1239,196) 2,909,900 111,000 2,861.689 1239.196) 1,033,845 Tot81 4.609,548 1.033,845 6.643,393 Page 39 Lifollno Church (A company Ilmited by guarnnts8) Notes to the flnancial statements for the year ended 31 March 2025 20. Analysls of nat assets between funds (eontinuedl Analys1$ of net assets betW￿n funds - prior year Unrestricts funds 2024 ReStr￿ted funds 2024 Total nds 2024 Tangible fixed assets Investm8nl property Currant assets Creditors due wthin one year 1,702.966 650.500 1.205.995 1205,81n 1.702,988 650,500 3,458,257 1205,81n 2,252,262 Total 3.353.644 2,252,262 5,605,906 21. Reconciliation of net movement In funds to net flow from operatlng activities Group 2025 Group 2024 Nel incomelexpenditure lor the year las per Statement of Financial ACINIt￿$) 37A87 1229,5031 Adlustments lor: Depreciation charges Loss on revaluation of inveslments Dividends, inte￿515 and rents from investm8nts Lossllpiofftl on the sale of fixed assets D￿rease/ll￿creas8I in debtors Incr8as8 in creditors Taxation charge 4,703 55.SOD (75.561) 12.160 1209A47 31,282 1097 5,755 143,500 {57,7461 2,941 95,923 Net cash usod in opernting actmt 1156,0991 {39,1301 22. Analysls ef cash and ush equlvalgnts Group 2026 Group 2024 Cash in hand 1613,141 3,419,156 Page 40 Llfeling Church {A company Ilrnltsd by guaranteo Noles to the flnanclal $tstements for thg year gnded 31 March 2025 23. Anatysis of changes in net debt At 1 Aprll 2024 Cash flows At 31 March 2025 Cash at bank and in hand Llquid Investrnents 2A17.733 1.001 A23 1806.0101 1.611,718 1.001,423 3,419,156 1806,0151 2,813,141 Capltal commltments Group 2Q25 Group 2Q24 Charlty 2025 Charity 2024 Contracted for but not pro•Aded In these financial statements Repairs, maintenarKe or enhancemenls to property 2.026,318 265.704 2.026.318 265,704 25. Pgnsion commitm8nts The Charfy operntes a define(l Contributions pension scheme. The 85sets of the scheme are held separately from Ih(Ise of the Charty in an independen￿Y administered fund. The pension cost charge represents conlribLrtiDns payable by the Charty to the fund and amounled lo £2.539 12024 £3,320). Contributions tolalling £Nil 12024 £Nil} knETe payable to the fund al the Balance sheet date and are Included in Creditors. Page 41 Llfellne Church IA company Ilmlted by guarantee) Notes to the finan¢lal ststements for thè year ended 31 March 2020 26. Relatad party transaction$ During the financial year the Trustees M￿10 ¢umuL9ti¥e donations to the Charity amounting to £32,597 {2Q24. £39,750). Christina Jaques, the wrfe of Neil Jaques. a Trustee. receNed £16,117 (2024.. £16.721) in remuneration and £296 (2024.. £2811 in emptyer pen$k?n contributions durirKJ the yoar for her role as the Finance Manager. During the year Ministry support payments were paKI, totalling lo £51,04812024.. £56.6351. During the year payments of £13,75012024= £15.000} were made to Sonrise Trust, an entity controlled by Kenneth Jarvis, 8 Trustee. There were no b3￿n￿ oulslanding with Sonrise Trust at the end ol either the current or comparatwe Balance sheet tJ*e. During the year the Charity had the folhmng transactions with Lifeline Neiwork International ILNI}. charity of which Avril Mclntyrg is also a Trustee: - Tithe paymnls paid to LNI of £90,88512024.' £93,382). - Expen5e8 were recharged to LNI totaHing £13,837 {2024.. £31.268). - Salary costs were recharged to LNI lotalling £14.95212024= £14.1611. - Expenses were recharged frcffi LNI lotalling £4,852 {2024.. £11.8491. - Salary costs were recharpl from LNI totalling £18.22812024: £17,404). - At the Balance sheet date LC owed a balance of £7,162 to LNI12024'. £8,240). During the year the Charity had the follo￿ng trans￿tionS with Lifeline Community Prosects ILCP}, a charity of which Neil Jaques is also a Trustee". - Gifts were received from LCP totalling £Nil12024.. £204). - Expenses were recharged frcm LCP totslling £7,7T412024.. £7,539). - Al the Balan￿ Sheet date LC owed a balance of £5,078 to LCP {2024.. £3,781). During Ihe year the Chartty the f￿kn￿n9 tranwtion5 Wth Community Resources for Change ICRC), a charty of which AvTiI Mclntyre was abo a Trustee of until 19 February 2024.. - Expenses were recharged to CRC totalling £1,929 (2024". £32,112) - Expenses were recharged from CRC totalling £4.921 {2024.' £3,469) - At the Balan￿ sheet date there were ￿ balances oulstandirffJ between LC and CRC P4e 42 Llfellne Church IA company Ilmlted by guarantee) Notes to the flnanclal statements for the year ended 31 March 2026 27. Principal subsidiaries These financial statements are consolidated financial statements for Lifeline Church and its subsidiary, which is based in the UK. Separate company financial statements for the gubsidiary company aro required lo be prepared by law and are publicty available at Companies House. On 27 October 2021, the charita1￿ Company purchased the entire share capital of va￿nCe Group Limitad for cash conskleralion of £Nil. On acquisition fred assets of £794,OQO, current assets of £84,835 and current liabiltties of £164,133 were reccgnised. The foll¢)wng was a subsidiary undertaking ofthe Chaiity. Name Company numbor Registered office or principal Principal adivlty placo of buslness Valence Group Limited (KM78943 Lffdine House. 25 Newlle Road, Property management Dagenham, Essex, RM8 3QS Class of Trloldlng shares Included In consolldatlon Ordinary 100% Yes The finanual r8suAs of the subsidiary for tha yearwere.. Namè Incune Expenditure Profftl{Lossl Net assets I Surplusl (Deficrti tor tha year valen￿ Group Limit& 113.992 1694.2791 {580,2871 114.861 The investrnents in subsidiaries are ￿1 staled at co* jess inN)aiM￿nts. Page 43