LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2022
CHARITY INFORMATION
Charity number 1138461 Company number 7288147 Trustees L Beedham D McLaughlin M Wattis D Murphy Registered Office The Christian Centre Bulkington Road Bedworth Warwickshire CV12 9DG
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2022
TRUSTEES REPORT
The Directors submit their report for the year ended 31 August 2022
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 and dancing ministry in Bedworth and weekly Friday night youth activities as well as our Sunday Life Kids programme. We also run a monthly activity for children with special education needs (SPEC).
Vintage - an over 50's Group which provides lunch, friendship and support to members of the community
The Compass Project - this has restarted after covid with a fresh focus on Bedworth. Using the space of the Harbour building to run practical and spiritual courses to help the community, especially those accessing the Community Grocary store.
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.
Through the Harbour centre which opened in February 2022 we now offer other courses such as helping those through bereavement, domestic abuse, carers support, cooking course, computer skills and other spiritual courses.
The space is also used by our local MP once a month for his surgery and we have Utility Warehouse present in there to helppeople discuss their energy bills.
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2022
TRUSTEES REPORT (continued)
Life Church continues to support overseas mission work in countries such as Serbia, Ukraine, Russia and India. We have taken three minibus loads of medical supplies to Ukraine since the conflict started there.
We still have an online service forthose who are vulnerable or ill and cannot come along in person.
Future Plans
We are still putting plans in place to expand the current church building and have appointed architects to act on our behalf towards that. Planning permission is now with the council.
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 2022 consist of general cash reserves, building fund, contingency fund and restricted/designated fund and the fund mentioned above.
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
E Jackson Company Secretary
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2022
STATEMENT OF FINANCIAL ACTIVITIES
| 2022 | 2022 | 2022 | 2021 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Donations & gifts | 448917 | 164095 | 613012 | 447189 |
| Investment income | ||||
| ______ | ______ | ______ | ______ | |
| TOTAL | 448917 | 164095 | 613012 | 447189 |
| ______ | ______ | ______ | ______ | |
| RESOURCES EXPENDED | ||||
| Charitable activities | 470386 | 218793 | 689179 | 463641 |
| Governance costs | ||||
| ______ | ______ | ______ | ______ | |
| TOTAL | 470386 | 218793 | 689179 | 463641 |
| ______ | ______ | ______ | ______ | |
| NET INCOMING | ||||
| RESOURCES | -21469 | -54698 | -76167 | -16452 |
| Brought forward | 2941778 | 67539 | 3009317 | 3025769 |
| ______ | ______ | ______ | ______ | |
| Carried forward | 2920309 | 12841 | 2933150 | 3009317 |
| ______ | ______ | ______ | ______ |
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 2022
| BALANCE SHEET | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| FIXED ASSETS | 3 | 2608439 | 2619673 |
| ______ | ______ | ||
| CURRENT ASSETS | |||
| Debtors | 4 | ||
| Bank and cash balance | 325331 | 390234 | |
| ______ | ______ | ||
| 325331 | 390234 | ||
| CURRENT LIABILITIES | |||
| Creditors due within one year | 5 | 620 | 590 |
| ______ | ______ | ||
| NET CURRENT ASSETS | 324711 | 389644 | |
| ______ | ______ | ||
| Total assets less current liabilities | 2933150 | 3009317 | |
| Creditors due after one year | 6 | ||
| ______ | ______ | ||
| NET ASSETS | 2933150 ______ |
3009317 ______ |
|
| FUNDS OF THE CHARITY | |||
| Unrestricted use income fund | 2920309 | 2941778 | |
| Restricted use income fund | 12841 | 67539 | |
| ______ | ______ | ||
| 2933150 ______ |
3009317 ______ |
||
| 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 2022
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 2022
| NOTES | TO THE ACCOUNTS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| 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 | 276989 | 250335 | |
| 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 2022
NOTES TO THE ACCOUNTS (continued)
3 TANGIBLE FIXED ASSETS
| Land & | Fixtures & | |||
|---|---|---|---|---|
| buildings | equipment | Total | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2021 | 2588466 | 208815 | 2797281 | |
| Additions | ||||
| Disposals | ||||
| _____ | _____ | _____ | ||
| At 31 August 2022 | 2588466 | 208815 | 2797281 | |
| _____ | _____ | _____ | ||
| DEPRECIATION | ||||
| At 1 September 2021 | 183849 | 183849 | ||
| Charge for the period | 4993 | 4993 | ||
| On disposals | ||||
| _____ | _____ | _____ | ||
| At 31 August 2022 | 188842 | 188842 | ||
| _____ | _____ | _____ | ||
| NET BOOK VALUE | ||||
| At 1 September 2021 | 2588466 _____ |
24966 _____ |
2613432 _____ |
|
| At 31 August 2022 | 2588466 _____ |
19973 _____ |
2608439 _____ |
|
| 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 2022
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 Bank accounts Accruals 6 CREDITORS DUE AFTER ONE YEAR 7 CONTINGENT LIABILITIES |
2022 £ - __ _ - 620 620 - ___ |
2021 £ - __ ____ |
|---|---|---|
| - 590 __ 590 ____ |
||
| - ______ |
||
The Trustees are not aware of any contingent liabilities
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LIFE CHURCH (EUROPE) Lifechurch International
FINANCIAL STATEMENTS
31 August 2022
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 | ||
| 2022 | 2021 | |
| Authorised but not contracted | - | - |
| Authorised and contracted | - | - |
9 COMPARATIVE YEAR'S DETAILS
| 2021 | 2021 | 2021 | |
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| £ | £ | £ | |
| INCOMING RESOURCES | |||
| Donations and gifts | 347666 | 99523 | 447189 |
| Investment income | |||
| ______ | ______ | ______ | |
| TOTAL | 347666 | 99523 | 447189 |
| ______ | ______ | ______ | |
| RESOURCES EXPENDED | |||
| Charitable activities | 368270 | 95371 | 463641 |
| Governance costs | |||
| ______ | ______ | ______ | |
| TOTAL | 368270 | 95371 | 463641 |
| ______ | ______ | ______ | |
| NET INCOMING | |||
| RESOURCES | -20604 ______ |
4152 ______ |
-16452 ______ |
10 RELATED PARTY TRANSACTIONS
There were no related party transactions in the period.
11 SHARE CAPITAL
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 2022
INDEPENDENT EXAMINERS' REPORT
TO THE TRUSTEES OF LIFECHURCH (EUROPE) Registered Charity Number 1138461
We report on the accounts for the Church for the year ended 31 August 2022, set out on pages 4 to 10.
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 requirements
a) to keep accounting records b) to prepare accounts which accord with the accounting 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.
Independent Examiner
Chartered Accountant
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