LIFE TRANSFORMATION CHURCH, NEWCASTLE UPON TYNE.
Trustees’ Report and Financial Statements For the year ended 31st December 2021
LIFE TRANSFORMATION CHURCH, NEWCASTLE UPON TYNE
Legal and administrative information
Registered Charity Name Life Transformation Church, (Newcastle upon Tyne) 1136290
Charity Number
Business address
Life Transformation Community Centre Havelock Place High Elswick Newcastle upon Tyne NE4 6JT
Trustees:
Dr. Julius Fashanu Appointed 27 Dec 2009 Mr. Robert Reeves Appointed 27 Dec 2009 Ms. Magret Chataika Appointed 27 Dec 2009 Mrs. Winifred Fashanu Appointed 27 Dec 2009 Rev. Pre Ovia Appointed 27 Dec 2009 Mr. Michael Adebayo Appointed 04 Dec 2016
Independent Examiner:
Mr. John Bedigan 24 Otterburn Road North Shields Tyne and Wear NE29 9BJ
Bankers:
HSBC plc, 110 Grey Street, Newcastle upon Tyne NE1 6JG
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The trustees present their report and the unaudited financial statements of the charity for the year Ended, 31st December 2021
Reference and Administrative Details
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 2 of the financial statements. All the Trustees who served during the period were as listed on page 1.
Structure, Governance and Management
Life Transformation Church is a registered charity, registered number is 1136290.
Governing Document
Life Transformation Church is governed by its Constitution, adopted 27th December 2009.
Governance and Management
The Trustees, who are appointed in accordance with the requirements of the constitution, meet on a regular basis to decide overall policies and financial matters. The only Trustee who does not attend in person regularly because of his location from Newcastle has always been kept informed of the matters regarding the charity and most often his contributions are usually noted and discussed during meetings. It is important to mention that, this member of Trustees is always in attendance during our 3-day special anniversary conventions every year.
When it is required, new Trustees are elected by the existing Trustees and members of the charity. Each new Trustee is provided with a copy of the charity’s constitution and is made aware of the advice obtainable from charities commission in respect of Trustees duties and responsibilities. The Trustees meet regularly to discuss matters of governance.
The chairman also appoints various heads of departments who report functionally to a member of the trustees or the sub-committee. These are heads of Choir, Children, Youth, Audio, Video, Ushers, Building committee, Events committee, Publicity and Evangelism and they meet regularly and whenever the need arises; and most especially during preparations for our yearly regular events.
Objectives and Activities:
Charitable objects
The Trustees have the responsibility of running the charity and promoting its various values in line with its charitable objects which are as follows:
Activities to achieve the objects
1. Pastoral Care –
The Trustees are committed to carrying out a pastoral needs analysis with a view to identifying persons who are in hardship and are in need of care. The Charity responds by
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providing financial help, prayers and counseling. This is provided to anyone who is in need of pastoral care and it is offered without any discrimination or prejudice.
- Educational –
In line with its charitable object, the Trustees provided monthly evangelistic forum in various communities in Tyne and Wear for people of different persuasions, classes, cultures and race to enable them to learn about the Christian Faith.
- Spirituality –
This is provided in the Christian context through worship, prayer and preaching. The Church helps members of the parish to live out their Faith and trust in Jesus Christ through practical teachings and illustrations/applications of Biblical doctrines.
- Missions –
The Charity is committed to missionary activities around the world. The charity extended its missionary activities to operate Sunday afternoon services at Blyth Township in April of 2017. However, as a result of the pandemic which happened in early 2020, the activities in Blyth township was suspended and unfortunately, it has not yet resumed due to lack of adequate volunteers.
Achievements and Performance
The following are a summary of some of our achievements and performances this year.
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During this financial year 2021, Life Transformation Church, organised and hosted numerous activities. Some which were introduced online due to the Covid19 Pandemic were continued because it was deemed to be more effective than the physical ones. In addition, all programs that were held physically were also streamed online. These programmes includes: Sunday services, Friday services, FAPUSSH (monthly fasting and prayers), Sunday school studies and Women of Glory annual program.
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Our yearly Anniversary programmes that promotes social cohesion and skills building for the benefit of local and wider community were held physically and broadcasted live online through media platforms such as Facebook and YouTube
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Homework study club for pupils and the Gr8 youth program were held physically every Friday.
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The Trustees continued to engage with the community through its monthly evangelistic programme and other social cohesion events by investing in streaming instruments to enable live broadcasting of all programmes.
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The charity has continued to operate from the community hall of the premises that were secured on a long term lease as a permanent place of worship since the beginning of year 2010. As a result of the progress of the building repair and restoration which had commenced since 2014, meetings are now held in the vestry part of the church building for certain youths and children activities.
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Some renovation works carried out in the main church building included: clearing of rubbles from the remains of the pipe organs, repairing of floors, wall plastering, ceiling repairs, and some painting. This progress made it possible for us to hold our first major service (- the watchnight / crossover service) in the main church building auditorium on the night of 31st December 2021. It was full to capacity.
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During the year, hiring of the church premises was restricted due to restrictions. This had a negative impact on the income derived from renting of premises. After lifting of restrictions, some of the previous organisations did not return to use the venue.
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Our popular annual events which are: the Easter celebrations and the Christmas carols by candle light which usually attract a number of community members were held physically and live streamed via ZOOM application, Facebook and YouTube.
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Just as in the previous years, the charity supported Peoples kitchen in Newcastle with donation of food parcels to the People’s Kitchen.
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The Charity is a member of the Together in Christ (Churches in Newcastle) and has been involved with projects that help, listen and care for vulnerable people. The senior pastor meets as often as possible every week with other church leaders at a nearby Church building for prayers for the city, nation and other matters that promotes cohesion and leadership unity. We are also part of the Tyneside Leader’s Forum that meets twice a year at a Mansion house in the city, however due to the pandemic no meeting were held physically. Instead, the meetings were held virtually via ZOOM applications.
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Special seminars and activities which addressed the needs of singles and couples within the Church community in order to promote and enhance family unity and uphold marriage values were held physically as well. The charity will continue to support and promote these programmes as part of the main activities of the church.
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Women within the community were given opportunities to socialise, interact and pray for each other via the weekly mothers’ prayer group held every Wednesday evening and annual Women of Glory conventions. These were held both physically and virtually through ZOOM application, Facebook and YouTube live streaming.
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The regular physical monthly meetings of the Men group within the church which enhances greater fatherly roles in the Church and helps family stability within the society were held immediately after Sunday church services. It was envisaged that men’s meetings in members’ homes will resume in 2022.
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The Trustees engaged the services of a legal firm to advice on the employment and to put in place, the framework of a minister of religion via Tier 2 visas sponsorship programme. As a result of this, the employed staff will be on the agreed salary and will commence duties from 10th January 2022.
Conclusion:
The Charity continues to enjoy the services of various volunteers. All volunteers worked so hard day and night to make our Church the lively and vibrant community which it is today, and we are immensely grateful to every one of them. The Trustees reiterate that the successes of the Charity could not have been achieved were it not for the priceless contributions of all those who volunteered to serve, for example, pastoral team, members of the Core Team and Heads of Departments and their teams. Once again, the Trustees would like to thank every Church volunteer for their excellent and relentless contribution; and we pray that our Almighty God will reward each one of them abundantly in their endeavours in Jesus’ mighty name. Amen.
Financial Review
The income of the Church is derived predominantly from donations by the members through voluntary gift of Tithes and Offerings. Total receipts on Unrestricted Funds during the year amounted to £44,783.00 whilst total receipts on the Restricted Funds amounted to £5,550.00.The Restricted Funds were meant for the building project fund which is specifically being used for the restoration and renovation of the Church building and the Church hall.
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The Charity will continue to process Gift aid claims arising from Gift Aid donations from the Inland Revenue as we had done in previously years. This is usually done after the financial year when the donations were received by the Church. The gift aid donation received from the government for contributions made by members in year 2020 was £5,156.00. The Charity is carrying forward a total fund of £5,304.00.
Reserve Policy
Life Transformation Church’s policy is to set a reserve level on unrestricted funds to meet at least three (3) months’ operating expenses. The balance of £5,304.00 held as unrestricted fund fell below this target.
Statement of Responsibilities of the Trustees:
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Make judgements and estimates that are reasonable and prudent
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner :
Mr. John Bedigan continues to act as the independent examiner for the Charity.
The report was approved by the board of trustees on:
Date: …20th December 2022…
And:
Signed on behalf of Board of Trustees by Chairperson: ……………………….
Dr. Julius Fashanu. …………………….. Date: 20th December 2022.
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Life Transformation Church
Receipts and Payments Account Year ended 31 December 2021
| Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
Life Transformation Church Receipts and Payments Account Year ended 31 December 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds | Total 2021 |
Total 2020 |
|||||||||
| Building | Northumbria VRU |
Heritag e Lottery Fund |
||||||||||
| Receipts | ||||||||||||
| Tithes and offerings | 36517 | 36517 | 22874 | |||||||||
| Rent received | 2700 | 2700 | 6220 | |||||||||
| Buildingfund | 5550 | 5550 | 550 | |||||||||
| Interest received | 1 | 1 | 6 | |||||||||
| Gift Aid Tax | 5156 | 5156 | 4443 | |||||||||
| Books | 50 | 50 | 160 | |||||||||
| Grants | 13200 | |||||||||||
| Men’s Group | 1000 | |||||||||||
| Other | 359 | 359 | 1238 | |||||||||
| _____ | ____ | ____ | _ | ____ | _____ | _____ | ||||||
| 44783 | 5550 | 50333 | 49691 | |||||||||
| Payments | ||||||||||||
| Rent and rates | 8819 | 8819 | 8564 | |||||||||
| Insurance | 3857 | 3857 | 3821 | |||||||||
| Heatingand lighting | 7733 | 7733 | 2587 | |||||||||
| Buildingmaintenance and cleaning | 5019 | 5019 | 4720 | |||||||||
| Other repairs | 2919 | 2919 | 246 | |||||||||
| Equipment | 1443 | 1443 | 4666 | |||||||||
| Professional fees and licences | 312 | 312 | 415 | |||||||||
| Buildingrenovation | 8311 | 5550 | 13861 | 13936 | ||||||||
| Bank charges | 32 | 32 | 32 | |||||||||
| Stationeryand books | 374 | 374 | 158 | |||||||||
| Children andyouth ministry | 168 | 168 | 600 | |||||||||
| Transport | 1769 | 1769 | 1319 | |||||||||
| Ministryfees and costs | 750 | 750 | 1160 | |||||||||
| Head Office tithe | ||||||||||||
| Charities andpastoralgifts | 1950 | 1950 | 2482 | |||||||||
| Conferences and events | 824 | 824 | 154 | |||||||||
| Adverts andpublicity | ||||||||||||
| Sundries | 125 | 125 | 240 | |||||||||
| Telecommunications | 563 | 563 | 359 | |||||||||
| ____ | ____ | ____ | ____ | _____ | _____ | |||||||
| 44968 | 5550 | 50518 | 45459 | |||||||||
| Net surplus(deficit)before transfers | (185) | (185) | 4232 | |||||||||
| Surplus(deficit)brought forward | (15843) | (15843) | (20075) | |||||||||
| ______ | ____ | ____ | ____ | _____ | _____ | |||||||
| Adjusted surplus (deficit) carried forward |
(16028) | (16028) | (15843) | |||||||||
| ______ | ____ | ____ | ____ | _____ | _____ |
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Life Transformation Church
Movement of Funds
| Life Transformation Church Movement of Funds |
Life Transformation Church Movement of Funds |
Life Transformation Church Movement of Funds |
Life Transformation Church Movement of Funds |
Life Transformation Church Movement of Funds |
Life Transformation Church Movement of Funds |
|---|---|---|---|---|---|
| Opening balances | Closing balances | ||||
| Current account | 432 | Current account | 1297 | ||
| Deposit account | 5000 | Deposit account | 4000 | ||
| Cash in hand | 57 | Cash in hand | 7 | ||
| ____ | ____ | ||||
| 5489 | 5304 | ||||
| Deficit for theyear | 185 | ||||
| ____ | ____ | ||||
| 5489 | 5489 | ||||
| ____ | ____ |
Life Transformation Church
Statement of Assets and Liabilities as at 31 December 2021
| Life Transformation Church Statement of Assets and Liabilities as at 31 December 2021 |
Life Transformation Church Statement of Assets and Liabilities as at 31 December 2021 |
Life Transformation Church Statement of Assets and Liabilities as at 31 December 2021 |
Life Transformation Church Statement of Assets and Liabilities as at 31 December 2021 |
Life Transformation Church Statement of Assets and Liabilities as at 31 December 2021 |
|---|---|---|---|---|
| Fund to which **asset belongs ** |
||||
| Cash funds | Bank balances and cash | Restricted | ||
| Unrestricted | 5304 | |||
| Cost | Current value |
|||
| Assets retained for the charity’s own use |
Church improvements and fixtures | Restricted | 478990 | 478990 |
| Unrestricted | 74390 | 74390 | ||
| Equipment | Unrestricted | 26975 | 11753 |
Signed on behalf of the trustees
Signature ……………………………………....
Signature ……………………………………....
Michael Print name …………………………………….. Adebayo
Print name ………………………………….…. Robert Reeves
Date …………………………………..……… 19 December, 2022
Date …………………………………………...
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eptn ent examiner J report to t rus ees Life Trnnsformalion Church (NeweAJ¢le upon Tyne) Charity reEi.Ilr4(lon number 1136290 I report on the accounts of the church for the year ended 31 Deeember 2021. Respective rrspons1biliti of truslees and cxaminer The church"5 truslees are responsible for the preparation of the a¢¢ounts. The church's trustees consider that an audit is not required for Ihis year (under section 144 of the Charities A¢1 2011 (the Charitics Act)) and that an independent examination is needd. li is my res)nsibIlIty to: examine the accounts under seciion 145 of the Charities Act- to follow the procedures laid down in Ihe general Directions given by the Charity Commission under section 145(5Xb) of die Charities Act. and to state whether particular matters have come to my attention. Basis of examiner's statement My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kepi by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees Concerning any such matters. The procedures undertaken do not provlde all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair'view and the report is limited to those matters set out in the stalement below. Independent examiner's slatement In connection with my examination. no matter has come to my attention.. which glves me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accorance with section 130 of the Charities Act" to prepare accounts which accord with the accounting records and comply wtth the accounting requir¢ments of the Charities Act have not been mel. or to which, in my opinion, att¢ntion should be drawn in order lo enable a proper understanding of e accounts to be reached. John digan FFAIMIPA Incorporated Financial Accountant 24 Otterburn Road North Shields Tyne and Wear NE29 9BJ 171