OpenCharities

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

2021-02-28-accounts

REGISTERED COMPANY NUMBER: 07158925 (England and Wales) REGISTERED CHARITY NUMBER: 1134576

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

FOR

LAKES CHRISTIAN CENTRE

C J Routledge ACMA Routledge Accountancy Services 4 Lentworth House Lancaster Lancashire LA1 4RQ

LAKES CHRISTIAN CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 28 February 2021

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Notes to the Financial Statements 6 to 12
Detailed Statement of Financial Activities 13 to 14

LAKES CHRISTIAN CENTRE

REPORT OF THE TRUSTEES for the Year Ended 28 February 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07158925 (England and Wales)

Registered Charity number

1134576

Registered office

Lake Road Bowness on Windermere Cumbria LA23 3AP

Trustees

I G Woods P A Bell S F M Berry J F Bowyer M A Horsman

Company Secretary

Independent Examiner

C J Routledge ACMA Routledge Accountancy Services 4 Lentworth House Lancaster Lancashire LA1 4RQ

Approved by order of the board of trustees on 17 September 2021 and signed on its behalf by:

S F M Berry - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAKES CHRISTIAN CENTRE

Independent examiner's report to the trustees of Lakes Christian Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Calvin Routledge CIMA C J Routledge ACMA Routledge Accountancy Services 4 Lentworth House Lancaster Lancashire LA1 4RQ

17 September 2021

Page 2

LAKES CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 28 February 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
82,190
Other trading activities
2
16,433
Investment income
3
993
Total
99,616
EXPENDITURE ON
Raising funds
4
92,131
Other
-
Total
92,131
NET INCOME
7,485
RECONCILIATION OF FUNDS
Total funds brought forward
195,659
TOTAL FUNDS CARRIED FORWARD
203,144		 Restricted
fund
£
-
-
-
-
-
-
-
-
212,193
212,193		 2021
Total
funds
£
82,190
16,433
993
99,616
92,131
-
92,131
7,485
407,852
415,337		 2020
Total
funds
£
218,104
15,000
3,685
236,789
20,801
71,923
92,724
144,065
263,787
407,852

The notes form part of these financial statements

Page 3

LAKES CHRISTIAN CENTRE

BALANCE SHEET

28 February 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
1,791
Investment property
9
-
1,791
CURRENT ASSETS
Debtors
10
7,256
Cash at bank and in hand
11
204,180
211,436
CREDITORS
Amounts falling due within one year
12
(10,083)
NET CURRENT ASSETS
201,353
TOTAL ASSETS LESS CURRENT
LIABILITIES
203,144
NET ASSETS
203,144
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
212,193
212,193
-
212,193
212,193
212,193		 2021
Total
funds
£
1,791
-
1,791
7,256
416,373
423,629
(10,083)
413,546
415,337
415,337
203,144
212,193
415,337		 2020
Total
funds
£
2,238
325,025
327,263
11,086
265,369
276,455
(195,866)
80,589
407,852
407,852
195,659
212,193
407,852

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 4

LAKES CHRISTIAN CENTRE

BALANCE SHEET - continued

28 February 2021

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

The financial statements were approved by the Board of Trustees and authorised for issue on 17 September 2021 and were signed on its behalf by:

S F M Berry - Trustee

The notes form part of these financial statements

Page 5

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 28 February 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 6

continued...

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2021

2.
OTHER TRADING ACTIVITIES
Elliot berry income
Social event income
Noah initiative
Sedbergh christian centre
Family keys
3.
INVESTMENT INCOME
CBS interest
4.
RAISING FUNDS
Raising donations and legacies
Rents room hire and rates
Insurance
Children's work
Youth work
Conference expenses
Social events
Meals - counselling
Education & training
Outreach ministry
Books & teaching material
Visitor/speaker expenses
Support costs		 2021
£
2,760
-
1,135
1,200
11,338
16,433
2021
£
993
2021
£
1,950
1,511
-
-
-
-
527
-
158
221
259
86,432
91,058		 2020
£
2,960
20
-
1,200
10,820
15,000
2020
£
3,685
2020
£
15,000
635
280
16
912
1,801
501
100
749
307
500
-
20,801

continued...

Page 7

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2021

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 447 (470)

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 29 February 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2021 nor for the year ended 29 February 2020.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
218,104
Other trading activities
15,000
Investment income
3,685
Total
236,789
EXPENDITURE ON
Raising funds
20,801
Other
71,923
Total
92,724
NET INCOME
144,065
RECONCILIATION OF FUNDS
Total funds brought forward
51,594
TOTAL FUNDS CARRIED FORWARD
195,659		 Restricted
fund
£
-
-
-
-
-
-
-
-
212,193
212,193		 Total
funds
£
218,104
15,000
3,685
236,789
20,801
71,923
92,724
144,065
263,787
407,852

continued...

Page 8

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 28 February 2021
8.
TANGIBLE FIXED ASSETS
COST
At 1 March 2020 and 28 February 2021
DEPRECIATION
At 1 March 2020
Charge for year
At 28 February 2021
NET BOOK VALUE
At 28 February 2021
At 29 February 2020
9.
INVESTMENT PROPERTY
FAIR VALUE
At 1 March 2020
Disposals
At 28 February 2021
NET BOOK VALUE
At 28 February 2021
At 29 February 2020
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Accounts receivable
7,256		 Fixtures
and
fittings
£
7,131
4,893
447
5,340
1,791
2,238
£
325,025
(325,025)
-
-
325,025
2020
£
11,086

continued...

Page 9

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021

11.
CASH IN HAND
Unrestricted
Funds
£
Cash in hand
76
General fund
39,424
Savings
2,926
Building fund
161,754
Missions
-
Total
204,180
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 13)
Trade creditors
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
14.
MOVEMENT IN FUNDS
Unrestricted funds
Unrestricted Funds
Restricted funds
Restricted Funds
TOTAL FUNDS		 Restricted
Funds
£
-
8,377
3,373
189,053
11,390
212,193

At 1/3/20
£
195,659
212,193
407,852		 2021
Total
funds
£
76
47,801
6,299
350,807
11,390
416,373
2021
£
10,083
-
10,083
2021
£
10,083
Net
movement
in funds
£
7,485
-
7,485		 2020
Total
funds
£
76
57,974
6,876
189,053
11,390
265,369
2020
£
194,598
1,268
195,866
2020
£
194,598
At
28/2/21
£
203,144
212,193
415,337

continued...

Page 10

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Unrestricted Funds
99,616
TOTAL FUNDS
99,616
Comparatives for movement in funds
At 1/3/19
£
Unrestricted funds
Unrestricted Funds
51,594
Restricted funds
Restricted Funds
212,193
TOTAL FUNDS
263,787
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted Funds
236,789
TOTAL FUNDS
236,789		 Resources
Movement
expended
in funds
£
£
(92,131)
7,485
(92,131)
7,485
Net
movement
At
in funds
29/2/20
£
£
144,065
195,659
-
212,193
144,065
407,852
Resources
Movement
expended
in funds
£
£
(92,724)
144,065
(92,724)
144,065		 Resources
Movement
expended
in funds
£
£
(92,131)
7,485
(92,131)
7,485
Net
movement
At
in funds
29/2/20
£
£
144,065
195,659
-
212,193
144,065
407,852
Resources
Movement
expended
in funds
£
£
(92,724)
144,065
(92,724)
144,065
144,065

continued...

Page 11

LAKES CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Unrestricted Funds
Restricted funds
Restricted Funds
TOTAL FUNDS		 At 1/3/19
£
51,594
212,193
263,787		 Net
movement
in funds
£
151,550
-
151,550		 At
28/2/21
£
203,144
212,193
415,337

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted Funds 336,405 (184,855) 151,550
TOTAL FUNDS 336,405 (184,855) 151,550

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2021.

Page 12

LAKES CHRISTIAN CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 28 February 2021

INCOME AND ENDOWMENTS
Donations and legacies
Building fund income
General fund income
Sundry income
Missions income - other
Designated gifts
Other trading activities
Elliot berry income
Social event income
Noah initiative
Sedbergh christian centre
Family keys
Investment income
CBS interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Rents room hire and rates
Insurance
Children's work
Youth work
Conference expenses
Social events
Meals - counselling
Education & training
Outreach ministry
Books & teaching material
Visitor/speaker expenses
Support costs
Management
Wages
Carried forward		 2021
£
-
78,690
-
3,000
500
82,190
2,760
-
1,135
1,200
11,338
16,433
993
99,616
1,950
1,511
-
-
-
-
527
-
158
221
259
4,626
28,482
28,482		 2020
£
118,580
95,200
350
3,974
-
218,104
2,960
20
-
1,200
10,820
15,000
3,685
236,789
15,000
635
280
16
912
1,801
501
100
749
307
500
20,801
27,821
27,821

This page does not form part of the statutory financial statements

Page 13

LAKES CHRISTIAN CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 28 February 2021

Management
Brought forward
Social security
Pensions
Rates and water
Light and heat
Repairs and renewals
Print stationery & advertising
Telephone & internet
Accountancy fees
Sundries
Professional fees
E Berry support gifts
Sedbergh christian centre
Software and website
Waste & cleaning
CCLI
Life association
Open doors
Equipment purchases
Noah initiative - sponsorship
Building work
Family keys
Subscriptions
Bookkeeper
Designated gifts
Refreshments & communion wipes
Finance
Bank charges
Other
Plant and machinery
Fixtures and fittings
Total resources expended
Net income		 2021
£
28,482
7,751
2,199
638
1,054
339
242
934
625
162
17,770
5,225
1,200
623
369
540
2,100
1,000
-
1,000
-
10,765
90
875
2,792
197
86,972
86
-
447
447
92,131
7,485		 2020
£
27,821
7,533
2,176
2,640
4,295
801
260
1,277
625
(299)
1,500
4,390
1,200
-
2,068
978
1,380
1,200
58
800
1,100
8,260
290
927
827
264
72,371
22
(1,029)
559
(470)
92,724
144,065

This page does not form part of the statutory financial statements

Page 14