2023-08-31-accounts - Life Church (Europe)

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		Page
Company Information
Trustees' Report		2to 3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Statement ofCashflows
Notes to the Financial Statements		Sto14

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	Funds	funds	funds
			Note	6	8	8
INCOME
Income from:
Donations and grants				363,567	406,683	770,250	497,964
Income from charitable	activities			112,833		112,833	91,267
Other trading activities				77412		77412	23781
Total income				553812	406683	960495	613012
EXPENDITURE
Expenditure on: Raising funds Expenditure on charitable		activities	5	43,036 469 767	199211	43,036 668978	32,685 656494
Total expenditure				512803	199211	~712 14	~68917
hlet income/(expenditure)		before transfers		41,009	207,472	248,48'I	(76,167)
Gross transfers between		funds		206	206
Net movement in funds				40,803	207,678	248,481	(76,167)
Total funds brought forward				2858977	74173	2933150	~09317
TOTAL FUNDS CARRIED FORWARD

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			2023	2022
Cash flows from operating	activities
Net income/(expenditure) for the year			248,481	(76,167)
Adjustments for:
Depreciation			5,238	4,993
(Increase)/decrease in debtors			(3,323)
Increase/(decrease) in creditors			9936	6271
Net cash from/(used in) operating activities			260332	64903
Cash flows from investing	activities
Purchase oftangible fixed assets			74 582
Net cash used in investing	activities		~74 582
Change in cash and cash	equivalents	in the year	185,750	(64,903)
Cash and cash equivalents Cash and cash equivalents	brought forward carried forward		325331 ~1	3902
Analysis ofcash and cash	equivalents
Cash at bank and in hand

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INCOME FROM DONATIONS	INCOME FROM DONATIONS	AND GRANTS		2023	2022
				E	E
Donations for expansion	fund			303,665	5,605
General donations				363,874	390,541
Donations for overseas				57,400	56,256
Other				45,311	45,562
				770,250	497,964
INCOME FROM CHARITABLE		ACTIVITIES		2023f	2022 E
Families				31,385	18,403
Discipleship				10,712	9,161
General Ministries				6,468	3,334
Harbour shop				29,753	40,627
Conferences				34,515	19,742
				112,833	91,267
INCOME FROM OTHER	TRADING ACTIVITIES			2023	2022
Galley Coffee Shop				48,284	15,472
Properly income Other sales				6,552 22,576	6,734 1,575
				77,412	23,781
EXPENDITURE ON CHARITABLE ACTIVITIES
					2023
		Activities undertaken	directly	Supportcosts	Total
					E
Families			27,430	64,962	92,392
Discipleship			16,388	21,655	38,043
General Ministries			20,930	259,848	280,778
Harbour shop			73,261	64,962	138,223
Conferences			24,664	21,655	46,319
Global Missions			60,667		60,667
Other			12556 RRKGK		12556 ~7

SUPPORT	COST		S
								General	Harbour		2023
			Families 5		Discipleship f			Ministries	shop 9	Conferences 5	Total
Salaries				41,339		13,780		165,357	41,339	13,780	275,595
Other staff costs				1,789			597	7,157	1,789	597	11,929
Office costs				2,492			830	9,965	2,492	830	16,609
Professional	fees			6,353		2,118		25,412	6,353	2,118	42,354
Property costs				8,688		2,896		34,754	8,688	2,896	57,922
Depreciation				786			262	3,142	786	262	5,238
Other				3,065		1,022		12,261	3,065	1,022	20,435
Governance	costs			450			150	1 800	450	150	3 000
				~62		21	655		6442	~21	433382
GOVERNANCE		COSTS								2023	2022
											5
Independent	examiner's			fee						ZEQ
NET INCOME IS			STATED AFTER			CHARGING				2023	2022
										8
Depreciation										5,238	4,993
Independent	Examiner			fee						3,000
Other accountancy Pension costs			services							6,360 4,301	4,416

STAFF COSTS		2023	2022
		F	6
Wages and Salaries		255,530	254,128
Social Security Pension contributions		15,764 4,301	17,202 4,416
		275,595	275,746
		2023	2022
Average number ofstaff
Charitable activities		17	15
		17	15
Full Time equivalent		10
No employee received remuneration	of660,000or more.

	for the	for the	year ended 3	1Augu	st 2023
11.	TANGIBLE FIXEDASSETS
			Assets	in
		Freehold	Course	of	Fixtures	&
		property	Construction		Fittings			Total
	Cost
	At 1 September 2022	2,588,466			208,81		5	2,797,281
	Additions		41 693		32$89			74	582
	At 31 August 2023		41 693
	Depreciation
	At 1 September 2022				188,842			188,842
	Charge for the year				5238			5	238
	At 31August 2023
	Net book value At 31August 2023	~4	4~19		47 624			~77
	At 1 September 2022				1962
12.	DEBTORS FALLING DUE WITHIN 1		YEAR				2023	2022
							F
	Trade debtors						75
	Prepayments						3,248
							3,323
13.	CREDITORS FALLING DUE WITHIN		1 YEAR				2023		2022
							6
	Trade creditors						576
	Accruals						9,980		620
						10,556			620

				Balance	Income,	Income,	Expenditure,	Balance
			1	September	transfers		transfers	31 August
				2022	~an	aine	and losses	2023
				F				8
Designated	fund			151,297				151,297
Accumulated	income	fund		2707 680		553606	~512803	2748483
						553606

				Balance	Income,	Expenditure,	Balance
				1 September	transfers	transfers	31August
				2022	aanndtlaans	and losses	2023
				6			E
Expansion	fund			5,605	315,521	(68,284)	252,842
Restricted	general		donations	48,832	40,536	(74,443)	14,925
Overseas donations				6,088	20,390	(23,685)	2,793
Harbour grants					28,310	(28,310)
Compassion		ministries		6,053	740	(2,976)	3,817
Other				7595	1 392	~1513	7474
NALYSIS	OF NET		ASSETS	BETWEEN FUNDS
					Tangible	Net
					fixed	current
					assets	assets	Total
					5		5
Restricted	fund					281,851	281,851
Unrestricted		funds			2677783	221 997	2 899780

Total	future minimum lease payables under no	n-cancellable operating lease are a	s follows:
Land	and buildings:	2023f	2022f
Within Within	one year one to five years	10,000 17,500	6,250 27,500
		27,500	33,750