LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
CHARITY INFORMATION
Charity number 1138461 Company number 7288147 Trustees L Beedham D McLaughlin M Wattis Registered Office The Christian Centre Bulkington Road Bedworth Warwickshire CV12 9DG
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
TRUSTEES REPORT
The Directors submit their report for the year ended 31 August 2021
Principal activity
MISSION STATEMENT
To be a vibrant Christian community who passionately worship God, develop devoted followers of Christ and empower them to meet the needs of our communities and beyond through Transforming our Towns, Reaching our Region and having International Influence.
The Charity was formed under the Articles of Association dated 17 June 2010 and commenced activities on 1 March 2011, when the activities of Life Church International were transferred to Life Church Europe.
Major Activities and Achievements
Life Church Europe continues to serve the community with the help of staff and over 200 volunteers through the work of:
Parent and Toddler Groups
Youth and Children's Work including our VOX singing ministry in Bedworth, Nuneaton and Hinckley (currently not yet resumed from covid closure) and weekly Friday night youth activities aswell as our Sunday Life Kids programme.
Oasis - an over 50's Group which provides lunch, friendship and support to members of the community
Tool shed - one of our many expressions, which reaches out to the elderly by doing practical jobs in the home and garden as well as practical community projects in local schools
The Compass Project - this is under review as to what direction to take as during covid the council housed homeless people and therefore the need to feed the homeless hasn't been there.
Schools Clothing Bank providing uniform packages to struggling families free of charge also heavily subsidised second hand uniform to the wider community.
Bedworth & Keresley Food Bank which is run in conjunction with the Trussell Trust to offer food hampers to local people in dire needs. This will change during next year (see future plans.)
Like most churches during the last year, we went on-line with our church service and currently offer a live stream service alongside the in-person services.
Christians Against Poverty (CAP) Café - reaching out to those who need debt advice Pastoral care through Life Groups, Service Teams, Pastoral Care Team & Connect Groups.
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
TRUSTEES REPORT (continued)
Life Church continues to support overseas mission work in countries such as Serbia and Ukraine. We have also just started to support projects in Russia and India.
Many of our activities that had been put on hold during covid have now been able to resume in some form.
Future Plans
We have taken out a 5 year lease on a property in Bedworth town centre. We are going into partnership with The Message Trust to create a Community Grocery Store called Harbour, which will replace our current Foodbank operating in partnership with Trussell Trust. The store will also have a coffee shop, men's space, quiet space and counselling rooms over time. We hope to have other organisations such as CAP, Citizens Advice and The Sycamore Christian Counselling network with us.
In addition to the above we are looking at expanding the current church building and will be getting architects advice on how we can do this, and the costs involved.
Risks
The Directors have identified the risks that might affect the charity, and review the charity's policies and procedures regularly to minimise any risks identified.
Reserves and Investments Policy
The Directors have agreed that they will set aside funds, in a separate account, towards meeting the Charity Commission's guideline on reserves for Charities. The deposit balances held at 31 August 2021 consist of general cash reserves, building fund, contingency fund and restricted/designated fund and the fund mentioned above.
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
Fixed Assets
Details of all assets held on behalf of other charities and all changes in fixed assets are disclosed in the notes to the accounts.
Directors Responsibilities
The Trustees/Directors are responsible for preparing the financial statements according to law and practice in that they give a true and fair view of the financial affairs; by selecting appropriate accounting policies; observing the Charities SORP; and keeping accounting records which comply with the Companies Act.
This financial report is prepared in accordance with the special provisions relating to small companies under part 15 Companies Act 2006 and Charities Act 2011.
Auditors
The Trustees have decided to take advantage of the change in the Charities Act and have not appointed auditors for this accounting period.
Signed on behalf of the Directors
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
STATEMENT OF FINANCIAL ACTIVITIES
| 2021 | 2021 | 2021 | 2020 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Donations & gifts | 347666 | 99523 | 447189 | 455185 |
| Investment income | ||||
| ______ | ______ | ______ | ______ | |
| TOTAL | 347666 | 99523 | 447189 | 455185 |
| ______ | ______ | ______ | ______ | |
| RESOURCES EXPENDED | ||||
| Charitable activities | 368270 | 95371 | 463641 | 415545 |
| Governance costs | ||||
| ______ | ______ | ______ | ______ | |
| TOTAL | 368270 | 95371 | 463641 | 415545 |
| ______ | ______ | ______ | ______ | |
| NET INCOMING | -20604 | 4152 | -16452 | 39640 |
| RESOURCES | ||||
| Brought forward | 2962382 | 63387 | 3025769 | 2986129 |
| ______ | ______ | ______ | ______ | |
| Carried forward | 2941778 | 67539 | 3009317 | 3025769 |
| ______ | ______ | ______ | ______ |
For details of last year see note 9 below The attached notes form an integral part of these financial statements
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
| BALANCE SHEET | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | £ | £ | |
| FIXED ASSETS | 3 | 2619673 | 2613432 |
| ______ | ______ | ||
| CURRENT ASSETS | |||
| Debtors | 4 | ||
| Bank and cash balance | 390234 | 406666 | |
| ______ | ______ | ||
| 390234 | 406666 | ||
| CURRENT LIABILITIES y |
5 | 590 ______ |
570 ______ |
| 389644 | 406096 | ||
| ______ | ______ | ||
| Total assets less current liabilities | 3009317 | 3019528 | |
| Creditors due after one year | 6 | ||
| ______ | ______ | ||
| NET ASSETS | 3009317 ______ |
3019528 ______ |
|
| FUNDS OF THE CHARITY | |||
| Unrestricted use income fund | 2941778 | 2962382 | |
| Restricted use income fund | 67539 | 63387 | |
| ______ | ______ | ||
| 3009317 ______ |
3025769 ______ |
||
| The attached notes form an integral part of these statements. | |||
| Approved by the Trustees | |||
| and signed on their behalf |
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The accounts have been prepared on the historic cost basis, and in accordance with the Statement of Recommended Practice and the appropriate Accounting Standards.
DEPRECIATION
Depreciation is calculated to write off the cost of tangible assets over their expected useful lives, using the reducing balance method.
The rates used are stated in the notes to the accounts.
FUNDS
Restricted use income funds are to be used for projects designated by donors.
The Unrestricted use income fund allows the Trustees to budget for anticipated commitments and short term emergency needs.
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
| NOTES | TO THE ACCOUNTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| 1 | RESULT FOR THE PERIOD IS STATED AFTER CHARGING | ||
| Trustees insurance | nil | nil | |
| 2 | TRUSTEES REMUNERATION | ||
| Trustees emoluments | nil | nil | |
| STAFF COSTS | |||
| Salaries and Social Security | 250335 | 196611 | |
| No Trustees are paid for their work as trustees. | |||
| No Employees are paid in excess of £60,000 per annum. | |||
| Average number of employees | |||
| Operational | 13 | 13 | |
| Average number of volunteers | 200 | 200 |
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
NOTES TO THE ACCOUNTS (continued)
3 TANGIBLE FIXED ASSETS
| Land & | Fixtures & | |||
|---|---|---|---|---|
| buildings | equipment | Total | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2020 | 2588466 | 208815 | 2797281 | |
| Additions | ||||
| Disposals | ||||
| _____ | _____ | _____ | ||
| At 31 August 2021 | 2588466 | 208815 | 2797281 | |
| _____ | _____ | _____ | ||
| DEPRECIATION | ||||
| At 1 September 2020 | 177608 | 177608 | ||
| Charge for the period | 6241 | 6241 | ||
| On disposals | ||||
| _____ | _____ | _____ | ||
| At 31 August 2021 | 183849 | 183849 | ||
| _____ | _____ | _____ | ||
| NET BOOK VALUE | ||||
| At 1 September 2020 | 2588466 _____ |
31207 _____ |
2619673 _____ |
|
| At 31 August 2021 | 2588466 _____ |
24966 _____ |
2613432 _____ |
|
| Average annual depreciation rate | 0% | 20% | ||
| Tangible fixed assets held under finance | leases | |||
| Net Book Value at balance sheet date | nil | |||
| Depreciation charged in the period | nil |
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
NOTES TO THE ACCOUNTS (continued)
| 4 DEBTORS Debtors falling due within one year Income tax recoverable Prepayments and accrued income Aggregate of debtors falling due in over one year 5 CREDITORS DUE WITHIN ONE YEAR Accruals 6 CREDITORS DUE AFTER ONE YEAR 7 CONTINGENT LIABILITIES |
2021 £ - __ _ - 590 590 - ___ |
2020 £ - __ ____ |
|---|---|---|
| - 570 __ 570 ____ |
||
| - ______ |
||
The Trustees are not aware of any contingent liabilities
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
NOTES TO THE ACCOUNTS (continued)
8 FINANCIAL COMMITMENTS
| The following commitments have not been provided | The following commitments have not been provided | for in the |
|---|---|---|
| financial statements | ||
| 2021 | 2020 | |
| Authorised but not contracted | - | - |
| Authorised and contracted | - | - |
9 COMPARATIVE YEAR'S DETAILS
| 2020 | 2020 | 2020 | |
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| £ | £ | £ | |
| INCOMING RESOURCES | |||
| Donations and gifts | 393934 | 61251 | 455185 |
| Investment income | |||
| ______ | ______ | ______ | |
| TOTAL | 393934 | 61251 | 455185 |
| ______ | ______ | ______ | |
| RESOURCES EXPENDED | |||
| Charitable activities | 391192 | 24353 | 415545 |
| Governance costs | |||
| ______ | ______ | ______ | |
| TOTAL | 391192 | 24353 | 415545 |
| ______ | ______ | ______ | |
| NET INCOMING | |||
| RESOURCES | 2742 ______ |
36898 ______ |
39640 ______ |
RELATED PARTY TRANSACTIONS
10
There were no related party transactions in the period.
SHARE CAPITAL
11
The company is limited by guarantee and does not have any share capital
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2021
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIFECHURCH (EUROPE) DRAFT Registered Charity Number 1138461
I report on the accounts for the Church for the year ended 31 August 2021, set out on pages 5 to 11.
Respective responsibilities of Trustee and Examiner
As the Church's Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) Charities Act 2011 does not apply. It is my responsibility to state, on the basis of procedures specified by the Charity Commissioners under section 145(5)(b) of the Act whether particular matters have come to my attention.
Basis of Examiner's Statement
My examination was carried out under general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items in the accounts. The procedures undertaken do not provide all the evidence required in an audit, and I therefore do not express an audit opinion.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requireto keep accounting records
a) to prepare accounts which accord with the accounting b) records and comply with the accounting requirements of the Charities Act 2011
have not been met ; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DRAFT
Independent Examiner
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