Chavlty reglstrntion number 1134286
Company reglslrntlon nUffl￿r 053158591England and Wal￿)
LIFEPOINT CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
111111111
"ACUJA51S*
12101r2024
COMPANIES HOUSE

LIFEPOINT CHURCH
CONTENTS
ge
Statemenl oftnffjtees. res[￿￿1￿185
IndeFendent ex•min8fs reFthI
Statement ol finanul activibes
10
11
Notes to the financral statements
12-27

LIFEPOINT CHURCH
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 MARCH 2023
The trustee$ weserrt fvir annual rewt finarhial statements forthe year eth 31 IA￿1 2023.
The financial statements have been prepared in a(tord8nce ￿ the a• Fdiryes sgt wt in note 110 the
financial Stslements and compty ￿t￿ the tharTty's goveming dOr￿men( Ihe Companie$ Act 2006 and
"Accgunting and Reportirvj by Ch8rrties'. Statement of Reeommended PractKe a01tab￿ to charities P￿paring
Ihgir aeLounts in accordanee Ythh the Financial Reporting Stsr•Jard applicable in the UK and Rewblic of Ireland
(FRS 102) (effective 1 January 2019)".
Obieclives and actlvities
Vlslon. Mlssk*n and Values
Our Vlslon
Our vision is to seNe (￿r tsty our communilies by T*thirKJ in partnership to enrich and en8rgise
neighbourhoods, families and individual Irves. want to make 8 ¢*fference one Irfe at a ts"me. emo*on211y.
mentslly. socialty, finanually. physicalty and spirilually. until we see:
One thousand trnnsfom7edlwes acn)ss SoUtt￿we￿ W818s.
Our Missio
We seek lo gchieve this vision practi￿lty by pw*MrvJ the church's fvfrfold mission stalemerrt..
Feed the hungry
He81 the bmken
Seek the losl
Sow to the nations
Lrve likè family
How we fulfil those five missron statements on a day-to• basis is descri￿ bdow.
Ourvalues
As we wrsue our viS￿n ar￿ luffil wr mission VR Wge lo stay true to the chèrity's three core values..
to do ovoi)rfhing rolationaty, po&Thatcty and swiituolty.
For us operath"ona51y that mèans that seek to lead every aspect. project. dèpartment and fisnclion of chureh
lile in è way Ihat is peopl&mir*ded. tr*art-fen and Spiiit-led.
Al ofthe above can be summarised ￿ four wryds that *e of slgnrf￿rte to u$ in the LrfePowrt famity..
"Love Looks Like Something."
Achl¢v¢mgnts and pgrlorman
Feed the Hungry
We have eonlinu8d to offer swriluol and matwial help to those who are fatsng diffKutt twnes. Thi$ has especially
involved the supply of fooil lo families and indrvKluals in Townhill and Mayhill, areas which contsin 5 of the 11
most dewived areas in Swansea- and on the economiealty challenged Garth Estate in Haverfordwesl. From its
base in Swansea. LifePoint is one tsf the distrtbution centres ￿￿[kIng under the banner of Swansea Food BanK
branch of tr* national charrty Tntssell Trust.
In the period between April 2022 arKJ March 2023 the Foodbank gave ¢)Lrt 1.065 food parcels 1749 from the
LifeP¢>nl centre and 316 from Mayhill Community Centre). These food parcels ￿ached a total of 2.343
individuals {compared with 1.262 the yevicmjs year, an 86% iwease.) The fc•)J reached 1.584 adults and 759
children). The increase seem5 lo have cL)incide(I the current rise in the cost of living and financial need.
During this year we accomplished our lortrtefm goal of adding a popup café and children's dothing provision
to the weekly Food Bank operation hosted at Mayhill Commurmty Centre.

LIFEPOINT CHURCH
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Vve have also ccv*inued to partner ￿1h the nath)nal tharity. Far Share vthich supplies high qualty fresh fc4)d
each week, donated from major supermarket dRins. to wvich the nutritiwl qualty and value of the fc¥)d
parcds distributed at our Fwdbanks.
Meanwhile as part of the church's obvn related HOPE ProJect. personalised food hampers distributed directty to
people's homes lotslled 55 (compared 62 the wevious yearl and we also gave out 600 items of chiFdren's
clothing to the resKlents of Mayhill. an initiatve thal had previousty been suspended durirKJ the k¢kd¢)wns
associated wrth the Covid-19 outbreak.
Also, this year the HOPE project was able to carFet an apartment for a refugee. recently tocaled to Swansea.
clear 8 98rden for a local reg(lent and in partnership *ith Ihe Enfys FOUndat￿n. fiJrnish homes for four new
visitors to the o)unty.
In Pembrokeshire the church is developing an allotment wtjich enables them to offer phystcal recreation in the
outdoors lo the individuals they a￿ but also an owJ1unty to i*stribute home-gr(y*4n food.
The Pembrokeshir8 church also engages weekly wlh the Fenton School communty. hel￿n9 during the year
with playground and garden developments, painting and refurbishment projects. reading activities for pupils and
special events in the txjrriculum such as rxeparab.on sessrons for Year Six pupils antrapatir¥J the move to
Secondary Sthcol. Members of the church have been asJ(ed to ser¥e w the PTA ￿mMrtlee in order lo support
the school on an ongoing basis.
Hoal the broken
We aim lo pray for and support people are facir¥J wd(nes5 or 'brokenne5s' in life generalty.. to help them
recover health and dignty. We want lo sland wrth people who have been troubled in body. mind, relationships
or finarKe to see them restored, strong. whole. free and rewnciled. We partner with Seaview School in
Swansea supporting disadvanlage¢J familie5 that are receiving input from Swansea's Team Around The Family
oject. Public benefit incI￿￿eS speeding people's recovery from phY￿Cal and mental illness. In partnership with
the local charity, Eli Project. we corrtinued to offer speciali5ed support arKI companionship lo families in the
region who have children %wth additional needs. Members of the church helped lo staff 5pe¢ial Family Nights for
this communty.
Seek the lost
We aim to be a guide to those ikno may hève 105t their way in Itfe or lost Iheir faith. We support people
practically to get back on their feet and also offer to help people find a personal faith that helps them through
the Challenges they face. We have been able to nm A￿h8 c4)Uf5es for those seeking spiritual guijance -
these have reached a total of 12 individuals.
We also continLEd lo reach beyorKI our tradiiional in-person c¢)ngregation by U￿Oading our messages and
meetings to a much wider ortrline aud*nee. meetings were b(oa¢Jcasl live via Zoom to the homes of
Feople who were unable lo attend a church meeting Ir￿rSOn. and specialty re￿rded messages are also
uploaded via sooal media to provide help and inspiratson further affield. To facilitate all of the above. we
ts)ntinued to employ. on a short-lerm contract, a tethnolts3ically-skiled part-ts.me staff member wth an IT-
relale(I degree and an extensive range of th"Us.
Sow to the nations
Vle aim lo m8ke a diffeTence to people living across Ihe Ilknrkl. Vk want to embrace, enrich. leam from,
befriend and support people of many dfftrent culiures and backgfounds and ￿aY ￿r part in rnaking the worfd
what il was designed to be. care for all of God's worfd. tK)th the Feople and the planeL and want to protect
and help our environments and our communrties. Public benefft includes SUPFQrting financialty those who are
able lo visit and help undeidevdoped countries Of those that have suffered a disaster,. offering wetome and
hospitality to vi&tors from abroad, encouraging a k)ving and tolerant woddview, and supporting initiatives lo
enhance and protect the beauty arKI deanliness of the na￿ra1 environment. An example is Ihe supp¢)rt we give
monthly lo the intemational charrty, Ministries IMh(xrt B¢Nders. which offets hunanilari8n and spiritual support
to nations as diverse as Cuba, Belarus, PhilIp￿ne$. Ind￿. Kenya, South Africa and Bhutan. We also developed
relationthp with a pastor in TelarrfJana, lThJr4. who cares for many ¢Nphan$, widows and leprosy sufferers.

LIFEPOINT CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 hlARCH 2023
SO￿ membefs of the ¢t￿l¢h have sought lo give fin8noal sUpp￿rt to ht¥ w¥ects. 0lh8rs have supported th8
work of Love Your Neighbour, a chènty that woths to help disa(fvants9ed Ch￿dren and mothers porticulady in
Kalifi, Kenya. Families there are given an opportunity to become fironualty sustainable by reeeiviry the gift of a
goaL whose milk is available then use and for sale. Also. teenage girts there are helped with sanitary
products lo enable them lo cryrtinue their sdwbing through the mfJ)Ih and mothers are laught swNing skills lo
ènable them lo make a liwng. Finance has also been given to rwpport a kscal chanty to purthase generators in
war tom Ukraine. lo provide power for l¢x* COTnmwyt*s.
Uve Ilke family
LrfePoinl is a wbranl glowing multi￿11￿?1 C￿Munity consisting of people from many dlfferent nations and
generations. Durirvj this financial year. the number of adults committed to play a part in our ft￿r campuses in
Swansea Central. Mayhill. Nealh and HaVerf0rd￿ gw frixn 228 to 247. an 8% irKrease. Wlh chiklren and
teonagers. the ¢xre thurch lamily totals 350 peO￿￿e. Thi8 is s￿n￿Cent in that rt repfesents the first lime
that we have been one third of the w t(y•rards to represent 1.1)00 lThlividuals across south.west
¥)tsles.
Our aim is lo be an example of a community of people support each other as an eylended family of
friends. We seek lo see young and okl and rich and poor respeding and carin9 for one another and sharin9 the
experiences of life together through good dayE and bad. Public benefft indLKles buildw¥g strorvJ relationships
and support struclures that enhance communities and minimise isolatton.
All five aspects of the church's mission - Feed, Heal. Seek. Sow and LN8- have been enrithed in this year by
the continued operation of the full stsff team. This now indude$ thfee full-time pastors. two part-time pastors.
one part-lime administrator and one part-lime staff member suppNting our media presentation on a sh)rt-lerm
contract. The staff members in Haverfor¢hvest joined the team in April 2021 on a >year eomrad and are
financially supported in part from the Haverforifv4esl restricled fvnd. This arrangement will be reviewed In the
coming year. Each year one new Unwersity graduate also I￿nS the team on 0 12-month basis as a full-lime
voluntary Leadership Inlem. Normally. farnilies in church offer a room in their homes to intems lo make this
possible. flee of charge, with a payment from LifePoinl for food. However. this year payments made cOve￿d
rent, utility bills and fs)od in shared renled accommodation.
Revlew Processes
The charity reviews rts vision. aims, objectrves and activities each year. looking al what rt achwed and the
outcomes of its work in the previous 12 months. Tr review looks at Ihe S￿￿eSS of each key activity and helps
ensure the aims. ¢)bjectives and actNibes remain up io date. The Charity Commission's general guidance on
public benefit has been referred to vthen Teviewng amg and 0￿.eCtIVeS and in planning future activities to
ensure they conform wth that gui¢Jance.
The website. continues lo profile our in the commurity and support our
communication. Online activities for ts coming year wll provhle the ￿atfOrM for us lo continue lo dèliver our
vl%on & mission.
Tralnlng Initiatives
The Intem programme ttN"s year pmided a haff day th'supleship pn)gramme.
Communlty Inltlatives
The Alpha cou￿9
This intemationally used course communicates the central bdiets of Christs"anty in a forum wfiere anyone Can
examine and discuss issue$ of lrfe and faith. Attrncb"ng a Trmde range of parttipants from the locèl community,
the course has ma¢Je an important cA)ntribution to the continued gr(h¥th of LrfePoinl ch￿th.
H.O.P.E.
This project highlighted in the MissiDn Statew￿t. the title of vthith represents Helping Ordinary People
Everywhere. provides practical ￿[p to some of the ￿lIeSt people in Swansea. Tailored lo meet individual
needs as they arise. rt includes suth things as foc*1 hampers. baby hampeTS, children's clothing. ho￿hOld
repairs and other provisions lo needy families ry individuals and enhancing ￿ environment in kcal wmary
schools - for example. we provided r*w indc4y planls for a leaming area and a climbing plant in a school
tAayground lo mark the school's royal PL3tinum Jubilee eelebrations.

LIFEPOINT CHURCH
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
FL EXO￿tse
Thi5 runs vrtekly for ladies who want to ¢knlop filness. baknce *A¥J health.
Lrfep￿.nt L{9d￿S Runnirw Group
This runs weekty for beginners and intermediales, induding who enjoy support and en￿UrageMenI for ?
Park Run. Afew have completed 10K races, half-marathons and full maralhons. supported t*y the 9roup.
rLocal Involvemenl
In addib'on lo these sp81ific projects, the thurch enccmjrages rn￿Y indNKlual members lo express their faith by
becoming involved personally in other communty inrtiab"ves. so￿￿ ongoing areas of involvement include
money advice. supported by CAP Ichrislians Against Povety). pregnancy advice. eounselling and Street
Pastors. Direct supp)rt and care have also been prowded for indwiduals MO￿ speufic needs such as
those Vdith addIct￿n$ or other lrfe-contr￿lin9 hatmts, or peO￿e who are facing bereavement or serkws illness.
includirg mental heatth issues. Although these vavious woiect5 are not connected to the charity. LifePoint
Church provKles pastoral support lo those invofved in these areas.
Student Iniliatwes
sin￿ Swansea has a signifieant student ￿pUlation. the has crrtinued to promote its work n this area.
We welcome bolh British and Inlemation81 studènts to the uty and offer mentoring. ￿1$. soual occasions and
¢)pportunities lo give back to the city.
Inten￿tIonal Pmjects
The church is part of a of chwct*s (see note 8 to the accounts) that have allowed us lo u)ntribute lo
the work of a number of people and projects in several parts of the world. Regular SUPF*)rt is provided to
number of indiwduals who are involved in promotir¥J the Chri51ian farth in several other nations as well as our
own. In addition. the church Continues lo provide support for a number of inlernalional projects in a variety of
ways including raising fvnds and making donations. These are Tegularfy revbewed to ensure that our
involvement continues lo be in frJrtherance of spechlc chantable obiectives.
Fin8ncial revlew
Prlnclpal lunding sourc•s
The ch8rity relies upon ￿lUntsry donalions frcth the generogty of t¥)Ih members and friends. 11 is also able to
reclaim gift aid, from H M Govemmenl.
The charity has sufficient fvnds lo meet all rts financial requirements and to fund ail CUT￿nt projects. Additionol
cash balances wll need to be accumulaled in order lo maintain and develop the tyjilding now owned and
occupied. A major refijrbishment project exiended & renewed the krtthen, whilst the t￿le15 were refreshed. A
signrficanl investment of £20,1)00 was also made the purchase of a replacement main hall projector. The
Swansea property was professionalty ￿Valued as at 31.03.23. with a figure of £675,01)O, shoMng an increase
of £100,CK)O from 2017. Al trustees. meetsngs. the charity monrtors Income and expendrtufe on a monthly basis
order to determine thot its needs are effeclively met and that irthme reserves are increasing at a rate that
aligns with project timetables. The accryjnting software was remodelled lo help ensure more timety
management reports and ftom April 2023, a bookkeeper was uyntracted for one *Jay a week to assist in the
process. During the coming year thi$ approath will be reviewed to deterrnl￿ orgoing surtabilty.
The Iruslees have general investrnent pows are reslricted to the a$$umpts'ons that all Investments are
made in'9ood faith. and that professional advice is sought. The charty has no investments.
Grants are m8de to indivhluals or organisations *thich erther are WNlertaking activib.es that are similar In nature
to the cllarty's objectives or those whom iruslees deem lo ￿ in suffering hardship.

LIFEPOINT CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Income and •xpendlture
The tharity made 0 £47.886 operational yJrplus for the year ended 31 March 2023 of which £16,246 was
restricted. See note 19 for further detsil. Of the restri¢Xed suwus 9enernted. the result5 can be split as follow5..
LrlePoint Pembrokeshire.. defiot of £16.169
LrfePoint Nealh-. surplus of £31.941
Hope.. surplus of £114
Mayhill BuilthJ fund.. su￿u$ of£360
Total incoming resources for the year were £398.340. The lar9esl ¢￿trIbU￿on5 to this irKome were the lithes
and offerings of £292,309 lollrmed by £62,363 of grfl aid that byas redaimed. Th8 largest individual item of
expenditure included in total Tesourees expended of £350,454, wa5 salaries and wages (including direct
ministry supwt and expenses) of £179.620. At tre tAlance Sheet dale unfestrKted funds lotalled £222.695.
designated fiJnds of £713,403 and ￿$tr￿￿ funds lola1￿ £121.261. The free reserves of the charity are
£222.695 not tied up in fixed assets.
ReseNes poll¢y
The reserves policy aims to IWJ 1Th￿e mcth$ of related exper¥*lu￿ n ￿lestriCted reserves, atlthlional of the
value of tangible assels. in order lo help the charty me81 Ihe unexFecled. This would include amounts lo cover
any financial risks as well as short term flLKtuations in incoming resources. The accounting policies of the
tharity are dfrtailed on pages 12-15 of the accounts and indude the tharity's grant maknng policy. The level of
available funds not lied ￿ in fixed assets. as at the year-end was £222.695.
The charty has ¢lear1y idenlified restricted funds. to ensure donows gbving is spenl according to their wishes.
This especially enables the charty lo deploy or rèserve all the money 9iven for the work in Haverftydwest and
Neath, shown in note 19 to the accounts.
Risk managem•nt obl•¢llv•s and polkO•s
The Iruslees regularfy review the risk register. ca￿lU11Y considering ￿ major risks to which t1¥2 charity is
exposed and regularty discuss risk martagement Ihroughout the year al rts own meetings and al those ￿•th the
leadets. Systems have been established to manage those risks. whth includes g¢)od financial management
and budgeling, supported by a review of our reserves policy. The m05t signTficant risks faced usually relate lo
building managernenl and owneTship and use of volunteers. inejuding event management. During this financial
year, trustees continued to give speufic attention to the ongoing risks associated wth Covid-19. Some safety
measuTes and new ways ol organising church lrfe oTrline have remained in place even as the published risks of
the p8rtdemic diminished so that our care for the church ￿MmUnty and the surroun(h'ng neighbourhood can
remain diliJ¢ 8nl arKI responsible.
Pl•n$ forfuture p•rfods
LifePoint Church owns and manages a facility knovm as The LrfePoint Centre. and through)ut the year we
have continued lo develop this so that rL meets the needs of the local neighbwrhood and the thurch
community. As the church communities in Swansea, Neath and Haverfor(twest grow. we may need lo consider
alternative premises. The latter hvo curreft￿Y meet in a C¢)mmunrty Centre and a Primary Sdwl. We are
preparing for the eventuality that one or the other may need to acquire its thvn pemanent facility at some point.
or that Swansea may also need to increase its meeting capacity. To this end the trustees in June 2023
designated a buikling lund of £150.000.
We are continually revtewng our organisatKJn and administration to adapt to the changing membership and the
increasin9 community involvement that represent and have volunteer leaders in place lo manage the
refurbishment of Ihe LifePoinl Cenlre. In addition. Spe&f￿ funds continued lo be gathered ready lo meet further
and deeper needs in the commuThty thr￿ thè development of ouf facilities and staff.
Structur•* govgrnanc• and m•nagem•nt

LIFEPOINT CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Governlng documènt
The charity is conliolled by its go¥emK￿ do￿rnent. Arlides of Assoc￿1￿. and cortststutes a limited company.
Ilm¢ted by guarantee, as defined by ts CompaniesAct 2006.
Recru5tment and appolntment of new trustees
TnJstees are appointed by the resoluth"¢)n ol a quorum of exsting trustees. There is no external that has
the enlitlemenl to appoint a trustee. Al r*w trustees are given an inducaion. Trustees 8re appointed for the
particular skills that are needed for the Or9￿158t1On and tra.ning needs are regularty gssesse(I by the trust
and support is given when appropriate.
Organlsatlonal structure
The charity operates primanly not exdusivety n South VIIa￿ having regular chwch meetsngs in tx)th
Swansea (Uplands and Mayhilll. Neath and Haverfordwest, PeMbrokeShi￿. As described above, Lif8Poinl
Church employ$ a part-time administrator. Ihree full-time pastors l¢x)king after Swansea Central. Swansea
Mayhill and Neath - and tsvo part time stsff membets in Pembrokeshire. In additi(￿, many of our actiwilies are
carried out volunlarity by our commrtted and gerwous members. make possible most of the good work of
the charity. In terms of legal and finanoal affairs, Ihe thuith leaders engage(l on behalf of Ihe Trust lo work for
Lifepoinl Church. led by Mr M SUtior￿SM1lh. wilhin the deWted authorty given by the ttustees have derywon-
makt'ng powers for the day-to-day operations of the charity. Members of the twstee board meet regularty with
the leaders lo discuss matters affecting the chanty, including the limrtalions of their de¢ision-making ability.
Decisons that affect the incorwated charity are made solety by the trustee5 themselves. in quorum.
Related partlos
In the pursuit of ils obiectNe$. the ehanty is a member of a netwoth of churches entitled
ministrieswlhoulborders@. a related party and also a charty itself. vthich is detailed in note 22 to the accounts.

LIFEPOINT CTrIURCH
FOR THE YEAR ENDED 31 AV4RCH 2023.
Reglthr•d •llk•
IrKlelondent•x•mlry•rJ
Lfjmè Trne Cowl
Cwthff Gth knkness P¥
CF23 8hB
Bank
Unty"Trysi Bwk
9 8nRdley Plo¢&
eirinryh8in
812H8
Th¢ trus*es' reptht w*s appr￿ed ty thè Bo¥d d TrLtst•es.
Twstee
Dated..

LIFEPOINT CHURCH
STATEMENT OF TRUSTEES. RESPONSIBILMES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees. who are also the direct￿$ of LifePo¥rt Churth for the purpose of company law. are resportsible for
preporiro the Trustees, Report and the finanaal statements in accordm with appJvbJe law and United Kingdom
Accountin9 Standards (United Kingdom GenerallyA(zepted Aco)unling Practice).
Company Law wuires the twslees to wepare financial statements for eath finwal yew which give a true arrtl fair
view Df the state of affairs of the tharrty and of the incoming Te￿TCtt and applicaknon of resources, rKluding the
incoff* and expendibn. crf the tharitable company for that year.
In preparing tr*se financial slatements. the trustees are requred to..
. select witable accounling p￿IC￿ and then them rA)nsi5tenUy.
- observe the methods and princvjes in Ihe Charrties SORP:
. make judgements and estimate5 that are rea$￿eble and prudent:
- state whether applicable UK Accourting StarKlards have been lolkwRd. subject to any material departures
disc105ed 8nd explair¢ed in the financial statements" and
- prepare the financial statemerts on the g4xng Contem basis unless it 1$ inappmpriale lo presu￿￿ that thg charity
will continue in owatitin.
The trustees are responsible for keeping adequate accounts'ng records that disdose with reasonable ac¢uracg at
any lime the financial position of the charrty and enable them to ensuTe thal the finanual stslements comply with the
Companies Act 2006 They are also responsible for safe9uarding the è5sets of the tharity and hence for taking
reasonable $lep$ lor the prevenlK>n and d&ledion offraud and other iThe9u1arrt￿5.
The trustees are ￿SPonsible for the maintenance and integrity of the tt)arrty aTrJ finanual infomats.on i￿luded on
the charity's websrte. Legistalion in the United KIngdC￿ goveming the preparatitin arKI di8seminalion ol financial
stalernents may differ frorn legislation in other jurisdTrctions.

LIFEPOINT CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIFEPOINT CHURCH
I report to the trustees on my èxominoti¢)n of the f*)anthal statements of LrtePoint Clyjrch (tr* ¢Pority1 for the year
ended 31 March 2023.
Responslbllltles and b•¥l$ of report
As the trustees of the charity land also its direclors for Ihe p￿pose$ of company law) are iesponsibte for the
preparats'on of the financid statements in acC￿da￿ ¥4ith the requirements of the CoMpar￿eS Act 20C6 (the 20Q3
Act).
Having satisfied mysew that the finanoal statements of the charity are not required to be a￿Jrted under Part 18
the 2006 Act and are eligible frK independenl examinat￿n. I report w) respecl of my examination of the tharity's
financial statements ￿me{l out under seth'on 145 of the Charibes Ad 2011 (the 2011 Act). In carrying out my
examinatson I have fdlowed all applicable Direcb.0￿ given by the Charity Commission under section 14515}(b)
of the 2011 Ad.
lfidepondènt examinefs statsrn•nt
Since the charity's gr¢)ss income exceeded £250.000 YOLK exanwr*r must be a m8Ththr of a bc** listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Ihe
A$soQat￿n of Chartered CertrfffdAccountanls. wtbich is one ol the listed bodies.
I have completed my examinalion. I confirrn that no matters have come to my attenti(￿ in conne(alC￿ wth the
examination giving me Cause to believe that in ary material re5FecL"
accounting records were not kept in ￿SPe￿ of the charity as required by seclion 386 of the 2006 Act: or
the finartscial statements do not"accord wth those records: or
the financial slalements do not CoM￿Y the accwnting requirements of seclion 396 of the 2006 Act otheT
than any requirement that the accounts give a InR and fair view is not a mattef ￿nsIdered as part of an
I￿sePendent examination" or
the financial stalemenls have not been prepared in accordance vith the methots and princi￿eS ol the
Statement of Rewmmended Practice for accounts.ng and reporting by charities applicable lo charities
preparing their a￿untS in accordance with the Finanaal Reporh"ng Standard applicable in the UK aThl
RepL*blic of Ireland (FRS 1021.
I have no concerns and have come across no other matters in Comection with the examination Io byhich attention
should bg drawn in this report in order to enab￿ a woFer underst8nding of the finarKial statements to be reathed.
Clalre Thompson DChA FCCA
Azfrts Audlt Ser¥l¢es
Ty Derw. Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
United KirvJdom

LIFEPOINT CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
' Totsl unrestri￿ Restrlcted
funds
funds
2022
2022
Total
funds
2023
I￿ndS
2023
2023
2022
Notes
Donations and
legacie$
Charitable activities
Other trading
activities
Inve$tsnents
283,658
98.695
382.353
270,225
81.886
352,111
10.720
4.267
10.720
4.267
11.142
11.142
Total Incom•
299,645
98.695
398,340
282,147
81.886
364,033
Charitable 8¢Xivtties
268,005
82.449
350.454
216.106
71,143
287.249
Other
12
3,392
3.392
Totsl •xp•ndlture
268,005
82.449
350,454
219,498
71,143
290.641
Nel Incomlng resour￿$
31,640
16,246
47.886
62,649
10.743
73,392
Other recognis•d gains and losses
Revaluation of
t8ngible fixed assets
153.642
153.642
Net movement In funds
185.282
16.246
201.528
62,649
10.743
73.392
Fund balances at 1 Apn'l
2022
750.816
105.015
855,831
688,167
94.272
782,439
Fund balances at 31
Ma￿h 2023
936.098
121261
1.057.359
750.816
10S.015
855.831
The Slaternent ol finanual activrties inckKles all gains an¢J b055es recognised in the year.
All income and e￿r￿litule derive from c£Jnb"nury activitie$.
The statement of finaTh¢￿1 8ctivrties also D)mplw wilh the requinnents for an irmme and exFendilure account
der the Companies Act 2006.
10-

LIFEPOINT CHURCH
BALANCE SHEET (CONTINUED)
ASAT31 MARCH 2023
2023
2022
Not•s
Flxed assets
Tangible 85sets
14
713.403
524.086
Curient assets
Debtors
Cash al bank and in hand
71,491
423.665
69,896
414,421
495.156
484,317
Credltors: amounts falling due within
one year
16
P6.2571
(21.6971
Nel current assels
468,899
462.620
Total assets less current Ilabllllles
1.182,302
986.70S
Crèdltors.. amounts lalling due after
more than one year
18
{124.943)
1130,8751
Net assets
1.057.359
855,831
Income funds
Reslri¢ted funds
Un
Designated funds
General unrestr￿le￿ funds
Revaluation reseThe
19
121,261
105.015
20
713.403
69,053
153.642
524.OB5
226.731
936,098
750.816
1.057.359
855,831
The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2023.
Th? directors acknowledge their responsibilities for cOmpl￿ng wth the requirements of the Comparries Act 2006
with respect lo a￿lUntIr￿j records and the preparabon ol financial statements.
The members have not requiied the compèry lo obtwn an audit of ils finanoal statements for the year in weslion in
attordance seth.on 476.
These financial statements have been prepared in aCcOrdar￿ vrith the provisions 8pplicable to companies subject
to the small companies regime.
the Ilmncwl
Tii*t••
Company registration number 0531 S859
11

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
A¢¢ountlng pollcl•s
Charlty Infornwtlon
LilePoint Church is a wvate company limited by guarantee irKorporaled in EWand Wal95. Thg
registOTed office 15 The LbfePoinl Centre. Ffynone Ro>J. Swansea. SA1 68T.
1.1 A¢countlng convenllon
The financial statements have been Fyepared in accordance the chanVs goveming d0￿Ment. the
Companies Act 2006 and 'A¢coLmb"ry and ReFth'ng by Charities.. Statement ol Re￿mmended Practice
applicable to tharilies preparing their a¢wunts in accordarKe wlh the Finanual ReFKJrting Standard
applicable in the UK aTrJ ReputAic of Ireland IFRS 1021 (effecbve 1 Jwuary 2019).. The charity is 8 Public
Benefft Enlity as define¢J by FRS 102.
The chaThty has taken advantage of the provi%ons in the SORP for dwrilies •￿Ying FRS 102 Update
Bulletin 1 not lo prepare a Ststwnent of Cash Flo*s.
The financwl statements are wepared in sterting, whth is Ihe lunctioMI oJrTency of Ihe ¢*arity. Monetsry
amounts in Ih&se financA81 slatements ale rcAwthd lo nea￿$1 £.
The ffinancial stslemenls have been prepare*J under the histon'cal cost convention, modffied to in￿￿e the
revaluation ol freehold properties. The prinapal acCoUnt￿g pO￿"CAeS adopted a￿ Sel out bebw.
1.2 Going concern
The charity'5 free reserves al as 31$1 March 2023 totalled £750.816 due to 8 significant amount of its
reserve5 being tied up in fixèd assets. The charity 1$ looking at various ways of generatin9 additional
unrestricted income to look to increase its free reserves ￿)sItion in Ihe future.
Al the lime of approving the financial ststemenls, the trustees have a reasonable expectatron that the charty
has adequate resources to continue in operakn'onal existence for the foreseeable fuluTe. Thus the trustees
¢ontinue lo adopt Ihe going c¢)rtem basis of accounting in preparirrfJ the financial ststements.
1.3 Charltable funds
Unrestricte¢J lund$ are avaiLible for use at the discretion of the trustees in fijrtherance of their charitable
objectives.
Designaletj funds comprise fvnds which have been set aside at the discrelion of the trustees for SFecifi
purposes. The p￿￿oseS and uses of the designated furKls are set oui in the notes lo the finanual statements.
ReSt￿ted fvnds are subjecl 10 SpeCrf￿ conditions by donors as to how they may be used. The purNise$ and
uses ol the resth.cted lunds are sel out in the notes to the finanual ststements.
1.4 Incomlng resource5
Income is iecognised the charity is legally entimed to il after any pertOTmènce conditsons have been met,
the amounts can be rneasured Teliabty. and it is probable that ineLJme wll be iectived.
Cash donalions are recogni5ed on rtt￿p1. Other donations are recogni5ed on(8 the ¢tharty has been notified
of the donation. unless pertomance rJ)FKlrtions TequiTe deferral of the amount. Income tsx recoverable in
relation to donations received under GiftATrd or deeds ol covenant is reccgnised at ￿ time of the donat￿n.
Assets lor distribution are recogrused only %then distributed. Assels gNen lor use by the charity are
Tecognised when reCeiva￿e. Stocks of unth"stritxrted dorwled goods a￿ ￿t valued lor balance sheet
purpose5.
Much of the work ol Ihe charity is carried oul voluntarily by its ￿￿mbership. No value has bèen placed on
these servi¢es.
12-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONmNUED)
FOR THE YEAR ENDED 31 AIARCH 2023
Accountlng pollcles
(Contlnuedl
Grant5 recer¥able are treated n drfterent ways depend￿1 upon pun)￿5 and the tems of the grant.
Gronls receivable for the speufic purFW of purthasing tsed assets for Ihe continued use of the charsty are
treated 8$ restricted fwKls. OrKe grant COnd￿onS have been luffil￿d amounls are transferred to Lnrestrided
funds.
Grants receivable loi specific purposes are also treated as restrKthd fun¢ls ￿ that any unused funds tan be
separatety idenlthed.
Grants receNable to facilitale the general running of the charity i.e. Ihe trI￿tee¥ choose how Ihe
funds ore expended, are treated as unrestricted lund5.
Renlal, conference arKI re%dential income is recognised in Ihe period to the servKe is Fyomded
any amwnt$ received in athance being deferred.
Interest 15 reeognised w•hen rt is received.
1.5 Resources expendod
Expenditure is re￿gniSed once the￿ is a *gal or conslruthe obligati.on lo make a payment to a third paty. il
18 Pfobable that setuement will be required and the amount of Ihe obligation can be measured reltably.
Expendrture on Charitable &tiviti"es inclLKles all costs relakn.ng lo the furtherance of the tharitys objectives as
stated in the trustees report and their associated support costs.
Costs are allocated between activitw on a Per￿nts9e b￿S a5 agreed by the Irustees.
Support W5ts have been allocated between governan￿ costs and other sup￿rt. Govemance costs
eomprise al cLJsts involving public accountatylity of the charity arKI its comF4iance reguletion and good
praclice.
Support costs include eentral functions and have been alkKated to actiwty cost ealegories on a tHsis
eonsisienl with the use of resources.
Grants payable ￿1h¢?lrt perform￿tt ￿ditIonS are only reeognised in Ihe ?￿ntS when a commrtment has
been made and there are cormlitions to be met relating to the grant vthich remain in the eLJntrol of the
harity.
Provisions for grants are made when the intention to make a grant has been communicated to the re(ipient
but the￿ is uncertainty about either the timing of the grant or the amwrrt of grant payable.
Grants offered subject lo corKlitions have Th)t teen met al the year end dale are noted as a
comrriilment tArt not acwed as expendbture.
1.6 Tanylble r￿ed assets
Tangible fixed assets are initially measured al c￿1 and wb5equendy m8asured at cost or valuation, nel of
depreciation and any irnpaim￿l05se$.
Depreciation is recognised so as to write off ts cost or valUat￿n of assets le5¥ their residual values over their
usefijl lives on ihe f(41￿Ing bases"
Freehold buildi
Fixiures 8nd fftb'ngs
10 10 50 years straight line basis
10%- 20% slraight line ba￿S
13-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounllng polkles
Icontlnuedl
LarKI is riot depreciated.
The gain or loss arising on the disposal of an asset is determined as the thfference behween sa
proceeds and the carrying Val￿ of the asset. and is recognised in staement of financial activities.
Propertses vthose fair value can be measured reliabty are held urKler the revaluation modèl and are carried at
a revalued amount. being their fair value at the date of valuation less any subsequent aceumulaled
depreeialion and subsequent ￿MUlated inwim*it losses. The tsir Va￿ of ts land and buildings is
usually considere(J to be their mathet value.
Revaluation gains and10sses are recogrsised in other fecognised gains and losses end accumulated in equty,
ex¢epl lo the extent that a revaluation gain reveTres a ￿ValUation loss prevwsly recognised in net incomel
lexpenditurel or a ￿ValUatIon loss exceeds tr* accumukted reValUatK￿ gains recogThsed in equty", suth
gains and los$ are recognised in net in¢omel{expendiluTel for the year.
1.7 Impaimient of fixed assets
At each reporting end dale. the charity reviews ts carrying amounts of rts tangible assets to determine
whethèr there 1$ any indication that those assets have suffered an impaimient loss. If any such indralion
exists, the recoverable amount of the asset is ests"male¢J in ￿[leT to determine the extent of the impaimient
loss lif anyl.
1.8 Cash and Cash •quivalents
Cash and cash equivalents incIL￿ cash in hand. deposits held at call with bank5. Other short-lefm liquid
investments with origirbal maturithes of three months or less. and bank overdrafts. Bank overdrafts are shown
within borr¢)wings in current liabilities.
1.9 Flnanclal Instruments
The charity has elected lo appty thè provisions of Section 11 '8asic FwwKial Instruments. and sect￿ 12
'Olher Financial Instruments Issues, of FRS 102 to all of tts financial instruments.
Financial instruments are recognised in the ¢haWs balance sheet when the charity becA)￿S paty to the
eontradual provisions of tt* instrument.
Financial assets and liabilities are offset, wth the net amounts presented in the financial ststements, when
there is a legally enfor￿ats1e right to set off the re￿nised amounts and there is an intents.on to settle on
net basis or lo realise the asset and setNe the liabilty simultaneously.
Bas1¢ financl•l •ssets
Basic financial assets. which indude deblors aThJ cash and bank balances. are initially measured at
transaction price including tran&%tion costs and S￿ subsequentty carried at amortise(I ￿$1 using the
effective Inte￿$t method unless the arrangement eonsltlutes a financing transaction, where the transaction 1$
measured at the presenl value of the future receipts discounted at a market rate of interest. Financial assets
dassified as receivable vrithin year are not amortised.
Derncognition of financial assets
Financi81 assets are derecognised only vthen the contractual ri9hts lo the cash fi(yws from the asset expire or
are settle(I, or when the chartty transfers the financial asset and substantially all the risks and rewards of
ownership lo another entity. or rf some signrfthnt risks and rewards of ownership are retained bLrt control of
Ihe asset has Iransferred to another paty that is able to sell the asset in rts entl￿ty to an unrelated third party.
14-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
A¢wuntlng polkles
Icontlnuedl
Basic fMwncAal liabmltles
Basic financial liabil￿es, induding ¢￿dItorS and bank loans we initialty recognised at transaction price unless
the arrangement constitutes a finanong transaction. wtwe the debt instrument is measured al the present
value of the future payments discounted at a market rale of interest. Fina￿9a1 liabilities classffied as payab
within i)ne year are rnt am￿t￿d.
Trade credrtors are obligabons lo pay for goods or servK£s that have been acquired in the ordinary course of
operotions from suppliers. Amounts payable are dassified as cu￿ent liabrlibes rf payment is due within one
year or ￿5$. If not. Ihey afe presented as norivcurrent liatxlitie5. Trade creditors are recognised initiany at
transaction price and 5ubsequenty measured at amortised cost using the effedive interest methLwJ.
D•rneogniUon dfin•ncial Ilabllllles
Financial li8bdibe$ are ￿ere￿niSed *then Ihe ¢thari￿$ contractual obligalKW expire or are discharged or
cancelled.
1.10 Employee benellis
The costs of $I￿t-¢errn ern￿oyee beneffts ¥e recognised as a liabilty aryl an expense, unless those costs
are required tt) be recogni5ed as part of the (>Jst of stock or fixed a55ets.
The cost of ary unused hdiday entrtlemenl recognise(l in Ihe period in vknich employee's services are
recaved.
Termination benefit5 are Tecognised irnmedialely as an expense when the charity is demonstrably eommitted
lo temiinate the employment of an employee or to provide lemiination ￿ffts.
1.11 Retlrernent benefits
Payments to defined contn"butffi retTrment b￿efft schernes are charged as an expense as they fall duè.
Crhlcal aceovntlng estimates and Judgements
In the 8pplicatron of the charity's accounting pdKies, the trustees are required lo make judgements. estimates
and assumpts'ons about the carrwng amount of assets and Ivabililies that are not readily apparent from other
sOu￿e$. The estimates and asSO¢Kqted assumptions are based ¢)n historical experience and other faclors that
are considered lo be rekevant. Adual results may drffer frc4n these estimates.
The estimate5 arKI Lmderlying assumplions are revthved on an On9￿r•3 basis. Revisions to aecounling
estimates are recognised in the reritsa in bthich the eslkmate is rewsed where the revision affects cfily that
peiio(l. or in the period of the reviwon and future periods where the revision affects both current 8nd future
periods.
15-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 IAIARCH2023
nd*
2022
27D225
81Mfj
352.111
0•￿ti￿lIs 4ndoift*
rithÈsand offenr
SpecJ*
212.021
15.631
2.77
187.740
19.216
74.814
262.554
19.216
180
61A39
J.D10
5.712
15.631
2.770
61.439
1.69)
I￿lryfthd
HOPE
Youth
7.143
107
7.143
t07
5.712
283.658 9U.695 3UZ.353
270.2Z5
1.886
35Z.111
.16-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATENIENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Ch•ritabl• activltles
2022
2023
ConfererKeS and residenlial
1,000
Other Iradlng actlvlll•s
Unrostrlctsd Unrnstrictod
funds
funds
2023
2022
Rentsl inco
Miscellaneous income
6.959
3.761
3.420
7,722
Other trading activities
10.720
11.142
Investments
un￿trIcted Unrestrlcted
funds
funds
2023
2022
Interest receivable
4,267.
17-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR EhlDED 31 MARCH 2023
Ch*rlt4bb• *clMU•s
Lib*l*• Sawtothtr S*•kts Hmlthll Ffj•dd
fami￿£ r￿11￿￿£
10stÉ brok•n £ hunyyÉ
24.4
24.460
24.
4.fj58
4,65
Totsl
202J
97.84D
18.632
16.939
5.208
B1.420
2.840
9.791
2.195
Tglal
2022
76.983
16,056
9.539
1.721
79.852
2.495
6.000
970
432
35.882
fj.￿7
2.S40
3.S7S
St¥ff L
16.939
Ministry 5UPW
PPS adv8rbSFIg
20J55
20.355
20.355 20.355
2213
2213
2.213
439
10
2213
5ub¥iStBnCea￿ traA
Sundry
10
274
1192
43.B28
7,765
6.520
tlonated
R4paifs and maIntena￿e
Bank thar9es knite￿st
Sol￿ar9 SU
1ST
1,3ni
449
110.417
8.158
23.151
55.109
65,378
295.696 243.521
22,1S1
19.170
24,637
Z1.858
Z,970
2.71h)
GMtfuThdW￿ (see 81
S*ar¢ of suppcrftoxis15¢Ytrncl¢ 91
Slargofgo¥gMa￿F wsL8l¥egrK*•91
5.1fj1
&1
5.1
5.1eO
2.9ni
T15.578
35.xo 65.794 60269
73,5Ce 350.454 287.249
18-

LIFEPOINT CHURCH
NOTES TO THE NNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 WIRCH 2023
Icryrtlnuedl

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2023
Grnnts payable
2023
2022
Grant$ to institLrtion$'.
Ministn"eswrthoultfjrders
23,151
19.170
Support costs
Support Govèrn•n¢e
Costs
2023
2022 B8s1s of
allocatlon
Staff costs
Deprecialitin
Bank charges and interest
Cleaning
Legal. professional and ¢onsuttar
Repairs and m¥inlenan¢e
Sundry
PPS and advertising
Prernises costs
3.719 Direct
4.024 Percentage
1.191 Peiceniage
4.695 Direct
4.181 Oirect
2,540 Percentage
9 Direct
440 PeTcenlage
1.059 Percentage
4,658
1,633
6,931
2.672
6.513
4.658
1,633
6.931
2.672
6.513
501
1,728
501
1.728
ACC￿￿tancY fees
2.970
2.970
2.700 Govemance
24,637
2.970
27.607
24.558
Analysed btheen
Charitable adivitie$
24.637
2,970
27.607
24.558
Governance costs includes payments to the independent examiners of £2,270 for the
exarninabon (2022.. jrKIer￿nt examination fees of £2,000) and £770 for accountancy fees
12022.. £7701.
10 Trustees
During the year triislee M Sutton-smith feceived payments tolalling £47.376 (2022". £46.452.1 for ministerial
seNices. provided lo the charty. The trustee did not receive funds for his role as a trustee. There were no
amounts wtstanding at the ￿rrent and prior year end.
Payments to I￿rnbur8e tfuslees durin9 the year totalled £10812022.. £nil). These expenses were incurred in
tonnection with a range of purposes towards achieving the aims of the charrty i￿U01ng mainly Iravel and
subsistence. No Injstee redaimed expenses during the year (2022.. nill.
During the year 4 trustees donated £9.845 to the charity12022.' 4 trustees totalling £14.1741.
-20-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THC YEAR ENDED 31 MARCH 2023
11 Employees
Number of empbyees
The average m¢Jnthly nurnber of ￿r￿lOYeeS durirwJ the year was:
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
Social securty costs
Other pertsion costs
94,409
1,651
1.780
72.017
7,091
1,594
97.840
80.702
Key mana9ernent per50nTr•l
The charity's key management personnel rewved beneffts totalling £81.03612022: £79.4521.
There were no employees v*fiose annud remuneratron Wds £60,0(N) or m(Ye.
12 Other
2023
2022
Net10￿ on disFosal of tangible fixed assets
3,392
3.392
13 Taxallon
The tharity is exempl from on income and gains falling within section 505 of the Taxes Act 198B or section
252 of the Taxafr"onof Chargeable Gains Act 1992 lo th8 exlent Ihal these are ap￿}e￿ lo its charitable objecls.
21

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14 Tangible fix•d ass•ts
Land and Flxturns and
l>ulldln9B
Tolal
Cost or valuatlon
Al 1 April 2022
Additions
Revaluation
572.388
35.965
66.647
54.043
23.002
626,431
58.967
66.647
At 31 March 2023
675.000
77.045
752.045
D•pr¢¢lallon and Impalrnwnt
At 1 April 2022
Depreci81ion charged in the year
Revaluation
69.442
17.552
(86,994}
32.903
5,739
102.345
23.291
186.994)
At 31 M8fch 2023
38,642
38.642
Carylng amount
Al 31 Morth 2023
675,1)00
38.403
713.403
Al 31 March 2022
21.140
524,086
Land and ￿MIdIng$ with a Cal￿n9 amwnt of £675.00012022". £502.946) wefe revalued on 31 March 2023 by
Lambert Smith Hampton who a￿ independent valuers not connected wth the charity on the basis of market
value. The valuatson confomis to Intemational Valuation Standards and was based on recent market
transactions on arm's length terms for Smilar k¥oper￿. The trustees are of ￿ opinion that there have been
no malenal changes lo the value.
At 31 March 2023. had the revalued assets been Ca￿Tred at historic cost less accumulated deprecialion and
accumulated impairment losses. their carrying amount would have teen approximately £585.472 12022..
£573,558).
Freehold land and t￿ildIng$ with a carrying aMo￿t of £675.000 (2022.. £502.946) have beèn pledged lo
secure borrowings of the tharty. The CW is rxrt al¢)￿1 to pledge these assets as secfftty for other
borrowings or lo sell them to another entrty.
15 Debtors
2023
2022
Amounts falllng due wlthln one y•ar:
Other debtors
Prepayments
65,501
4.395
5,031
71.491
69,896

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 CTrdltors: amounts fallin9 due wlthln ono y￿r
2023
2022
Bank loans
Other creditcffs
Accruals and defeffed income
17
7.223
15,844
3,190
8.514
8.314
4,869
26.257
21,697
17 Loans and ovenlraft8
2023
2022
Bank loans
132.166
139,389
Payable wthin one year
Payable after ore year
7,223
124,943
8.514
130.875
Amounts included above which fall due after five years"
Payable by insialmerts
.052
96.821
The ban is seujred by fixed charges over the Lrfepoint Centre. Ffyrnne Road. Swansea. SA168T.
The loan was taken OLrt in 2010 for a period of 25 years at an interest rate of 3%. Repayments ore made at
£1,067 per month.
Interest payable during the year totalled £5.779 {2022.. £4.2831.
18 Cr•ditorn: amounts falllng due after morn than one year
2023
2022
Noles
Bank loans
17
124.943
130.875

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Reslricted funds
The income funds of the charity indude restriraed funds comprisirwJ the fdlowng ungxpended balancw of
donations and grants hekl on trust for speafic purpo￿.
ovtment In funds
Movement In fvnds
ealanc• at Incoming R950WC•8 BalawK• at Inc¢>m6np RThiur¢•$ 8•lanc• at
1 Apdl 2021
1 April 2022 R¥ouv¢es •xp8nded 31 M•r¢h 2023
LrfePoinl
Pembrokeshir
77.605
34.559
147.3261
32.175
(48.344)
48.669
LifePoint
Nealh
Joseph Fund
HOPE
Mayhill
Buildin9 furbd
Neath
B￿lding fund
11.123
40,255
118.1831
33.195
59.017
P7.076)
65.136
5.712
15.6341
78
7.143
(7.029)
192
360
360
720
1.000
1,000
1,1)00
94.272
81.886
171.143)
105.015
98,695
{82.4491
121,261
LlfePolnt Pembrokeshlre
Fur￿ has been restricted lo the geographical area of Pembrd(eshire. The balanee results from eumulative
surpluses over expenditure received whKh Vlill be spent vthin trle county ￿ chantable activities.
Lif8Point Neath
Fund has been restricted to the geographical area of Neath. The balance resuNs from CUM￿ative $urpluse5
over expenditure received which wll be spent %wthin the county on ¢harilable aclivilies.
Joseph Fund
Fund has been restricted lo assist thwth membefs w) need as a direct corwuence ofthe pandemic.
HOPE
Fund has been restricted to a￿st F¢0￿e in need.
Mayhill Bulldlng fund
Fund ha5 been restricted to assist vthh payments relating to the Mayhill buildiry.
N•ath Bulldlng fund
Fund has been reslrithd to asgsl wilh payments relating lo the Neath building.
-24-

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
D•s1gnat•d funds
The income furKls of the tharity indude fv folltr1￿n9 designated funds Ththich have been sel aside out ol
unre51ri¢Jed fijnds by the tr￿lee5 for specik"puryJosès:
O￿an¢? ai
B•l•n¢• at
1 Aprll 2021 •x￿Tr*￿ 1 Aprll 2022 •xperA
R•valua¢lon5,
anE• •t
9•lns 31 M•r¢h 2033
Fixed asset
544.418
(20.333)
524.086
(23.291)
153.842
713.403
544.418
(20.333)
524,086
(23.291)
153.642
713.403
Flxed asset fvnd
Relates lo Ihe net book value ol the unrestricted fixed assets.
Ir￿￿delI in the value at the year end Is the revalualim swplus of £153.642.

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEhlENTS IcoimNUED}
FOR THE YEAR ENDED 31 hblRCH 2023
rA
fund
fvn
2022
Fund bdawat 31 March2023aro
Ta￿l￿￿a$S0￿
Cwrent a5setsiilithiibes}
tsrrn
713.403
113.403
I￿.332)
121281 468.899 357.ertlS
1124.9431 1130.875}
$44.418
$24.086
462.820
{130.8751
347.628
{124.9431
ios.ois
222.695 711403
121.261
1.￿1.559 2￿.39&
544.418
105.015
8S5.831

LIFEPOINT CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
R•l•tyd party trans•ctions
The charity is 8 member (rf a nth¥oTk of churc1￿ 'rrinislFIes￿￿rtsr$' v•t¥)se dwrity regFstration number
is 1095446 and 4tho$e principal office is PO Box 4252. Cardrft. CF1 8FA.
During the year grants totalling £23.151 {2022.' £19.1701 were made to ministries￿l￿OrOer$. These grants
We￿ seen as support to a connected charity bthich is fujfillfftg objectNe5 $imil¥ in rtatwe tct tho* of LrfePoint
Church. The amounts outstanding at the year end totalled £6.236 (2022". £5.970).
23 Other financlal commitm•nts
At the year end.the chanty had inten11￿5 to SUPF¢rft a number of indiwduals organisalKJns lo bthom Ihg
trustees have promised or@oirg finaneial support, uth"I the nature of the reeipients work changes signthcantly
in some respect. lthenever a significant thange occurs a re-assessment of SUPkX)rt 15 urthrtaken by the
trustees.
The chafrtable ministry support (to indude exFensesl paid during the year as 8 resutt of such cormiilmenls
lotalled £81,03612022'. £79,852) and was paid by monlNy instalments.
The charrtable grants paid to Ministries V￿th￿rt Borders during tr* year as a result of suth commitments
lotslled £23.151 12022.. £19.170).
£6,236 relating lo the above intentws were held in the balance sheet at the year end12022'. £5,970).
27-