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← Life Church (Europe)

2025-08-31-accounts

LIFE CHURCH (EUROPE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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LIFE CHURCH (EUROPE)

INDEX TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Company|Information|4| |Trustees!|Annual|Report|2to6| |Independent|Auditors’|Report|to|the Trustees|of Life Church|(Europe)|7 to9| |Statement of Financlal|Activities|10| |Balance|Sheet|11| |Statement of Cash|Flows|12| |Notes to the|Financial|Statements|13|to 21|

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LIFE CHURCH (EUROPE)

COMPANY INFORMATION for the year ended 31 August 2025

REGISTERED NUMBER: 07288147

DIRECTORS! TRUSTEES:

D. McLaughlin M.H.J. Wattis L. Beedham Rev. D.P. Murphy

SENIOR MANAGEMENT PERSONNEL:

Rev. D.P. Murphy N. G, Murphy E. Jackson

REGISTERED OFFICE AND OPERATIONAL ADDRESS:

: The Christian Centre Bulkington Road Bedworth Warwickshire CV12 9DG

CHARITY NUMBER: 1138461

INDEPENDENT AUDITORS: Dafferns Audit Limited Chartered Accountants Statutory Auditors One Eastwood Harry Weston Road Binley Business Park Coventry CV3 2UB

BANKERS: Lloyds Bank 17/23 Coventry Street Nuneaton Warwickshire cV115TD

SOLICITORS: Ellis-Fermur & Negus 2 Devonshire Avenue Beeston Nottinghamshire NG9 1BS

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LIFE CHURCH (EUROPE)

TRUSTEES’ REPORT (Including Directors’ Report) for the year ended 37 August 2025

The Directors, who are also the Trustees under charity law, present their annual report along with the financial statements of the charitable company for the year ended 31 August 2025, The Trustees have adopted the provisions of Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102} in preparing the annual reports and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charitles Act 2011 and 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 published in October 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT Life Church (Europe) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 17 June 2010. It is a registered charity, number 1138461.

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The Trustees (who are also the directors of the company) who served during the year and since the period end are set out on page 1. Trustees are appointed by the board and meet every 2 months. During September 2025, the charity formally rebranded from Life Church to United Church. United Church is now the working name listed with the Charity Commission. The charity remains legally constituted as Life Church Europe at this time.

The Trustees continue to oversee the governance of the charity in line with its governing document and Charity Commission guidance. The Senior Leadership Team manages the day-to-day operations of the church, with regular reporting to Trustees to ensure appropriate oversight, compliance, and strategic direction.

United Church remains part of the Assemblies of God, actively contributing ta and serving within the wider denominational family. Our Lead Pastor continues to serve on the National Leadership Team with direct responsibility for churches across Central England.

Induction and Training of Trustees

New Trustees undergo training as to their legal obligations under charity and company law and are presented with copies of the Memorandum and Articles of Association as well as Life Church (Europe) policy documents which have been approved by the Board. The induction process involves meeting the senior leader. Trustees have a review with the senior leader periodically.

Risk Management

The Trustees have considered the major risks te which the Charity is exposed and have reviewed those risks and established systems and procedures to manage them.

OBJECTIVES AND ACTIVITIES

The charity exists to advance the Christian faith and to demonstrate the love of Christ through warship, discipleship, community engagement, and practical support.

Our principal activities include:

° Public worship services and Christian teaching ° Discipleship and leadership development programmes . Children’s and Youth Ministries . Community outreach and social action initiatives . Pastoral care and wellbeing support ° National and international mission support

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LIFE CHURCH (EUROPE)
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TRUSTEES’ REPORT (Including Directors’ Report) for the year ended 21 August 2025

OBJECTIVES AND ACTIVITIES (continued...)

Trustees have had due regard to the Charity Commission's public benefit guidance and are satisfied that the charity's activities continue to provide clear and measurable public benefit ta individuals and the wider community.

ACHIEVEMENTS AND PERFORMANCE

Church Growth

The last financial year has seen significant growth across all areas of church life.

This sustained growth reflects both spiritual vitality and increasing community engagement.

Discipleship and Leadership Development

We continue to prioritise spiritual formation and holistic wellbeing through structured discipleship pathways, including:

These Initiatives remaln well-attended and impactful, supporting individuals and families in their faith Journey, leadership development, relational health, and overall wellbeing.

Property Expansion

in response to sustained growth, Trustees have continued progressing plans to expand our existing church property.

This expansion will provide increased capacity for worship, discipleship, children's and youth provision, and community engagement.

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LIFE CHURCH (EUROPE)

TRUSTEES’ REPORT (Including Directors’ Report) for the year ended 31 August 2025

ACHIEVEMENTS AND PERFORMANCE (continued...)

The Harbour Centre — Community Impact

Our Harbour Centre, a rented town-centre property, continues to play a vital role In serving the locat community.

Through our:

we now welcome over 2,000 different visitors per month.

Our community endeavours have strengthened relationships with the loca! authority and neighbouring charitles. We actively partner to deliver support services focused on:

These partnerships have enhanced our ability to meet tangible community needs and extend meaningful support to vulnerable individuais.

Care for Senior Citizens

Our ministry to older adults continues to grow in strength and impact:

These initiatives provide social connection, emotional support, and dignity to senior members of our community.

Mission and Global Partnerships

United Church remains committed to global mission support. We continue to provide financial and relational support fo mission partners in other countries around the world.

Through these partnerships, the church contributes to humanitarian relief, church planting, leadership development, and support for persecuted Christians worldwide.

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LIFE CHURCH (EUROPE)

TRUSTEES’ REPORT

(Including Directors’ Report) for the year ended 31 August 2025

FINANCIAL REVIEW

Total Incoming resources for the year amounted to £1,229,118 (2024: £993,309}. Total resources expended were £968,733 (2024: £801,153). The net incoming resources for the year amounted to a surplus of £260,385 (2024: £192,156).

Significant Events, Risks and Factors Affecting Future Financial Performance

The charity remains financially stable and well-governed. Income streams continue to be diversified and responsibly managed.

Significant focus during the year has been placed on raising and securing designated funds for the planned property expansion. Trustees continue to monitor income, expenditure, reserves, and capital commitments carefully to ensure prudent stewardship and long-term sustainability

Reserves Policy

The unrestricted funds of the charity are separated Into accumulated income and designated funds as shown in note 14 to the financial statements. The designated fund of £159,102 (2024: £119,307) represents funds held following the sale of a property and Is to be used for future building spend.

It is the policy of the Charity to maintain the accumulated income fund within unrestricted funds at a level equivalent to approximately three month's salary costs. The available free reserves now stand at £50,493 (2024: £12,815), being the accumulated income fund less tangible fixed assets,

At the year-end the charity had total funds of £3,634,172 (2024: £3,373,787), of which £704,503 (2024: £527,565) relates to restricted funds.

PLANS FOR THE FUTURE

United Church is in a season of strong health and sustainable growth. Trustees’ priorities for the coming year include:

° Continuing growth in discipleship and Jeadership development . Commencing the property expansion project (subject to funding milestones) . Expanding community partnerships and outreach through the Harbour Centre . Strengthening pastoral care across all age groups ‘ Continuing denominational service and international mission partnerships

The Trustees believe the charity is well-positioried for continued expansion in both spiritual impact and community transformation.

We are working over the next year in subsuming what is currently Connections Church North Sallhull which will become United Church North Solihull once that is completed, We will also be pursing the possibility of other locations.

The Trustees are grateful for the continued faithfulness, generosity, and commitment of our members, volunteers, staff, and partners. United Church remains confident in its misslon and is expectant for continued growth and lasting impact in the years ahead.

FUNDRAISING STANDARDS INFORMATION

Life Church (Europe) does not contract to a third party to undertake any fundraising on its behalf, consequently we have received no fundraising complaints during the year

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LIFE CHURCH (EUROPE)

TRUSTEES' REPORT (Including Directors’ Report) for the year ended 31 August 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors of Life Church (Europe) for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financlal year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the Trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make themself aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

Going Concern

After making enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in note 1 of the financial statements.

In approving the Trustees Annual Report, we also approve the Strategic Report included therein in our capacity as Company directors. This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

ON BEHALF OF THE BOARD

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M Wattis: | -:
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Dated: 25 March 2026

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LIFE CHURCH (EUROPE)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES AND MEMBERS OF LIFE CHURCH (EUROPE)

Opinion

We have audited the financial statements of Life Church (Europe) (the “charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, Including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of freland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

e have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibllitles for the audit of the flnancial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conctusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concarn basis of accounting in the preparation of the financial statements is appropriate,

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's abillty to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. .

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated In our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact,

We have nothing to report in this regard.

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LIFE CHURCH (EUROPE) INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF LIFE CHURGH (EUROPE)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responslbilltles of trustees

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As explained more fully in the trustees’ responsibilities statement, set out on page 5, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. {n preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but fo do so,

Auditor's responsibilities for the audit of the financial statements

We have been appainted auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance, but is nota guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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LIFE CHURCH (EUROPE)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES AND MEMBERS OF LIFE CHURCH (EUROPE)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements In respect of irregularities, including fraud, The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detalled below:

Because of the inherent jimitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance, The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc,org,uk/auditorsresponsibilitios. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and its trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Signed: Loon.

Geoffrey Cox BA FCA (Senior Statutory Auditor)

For and on behalf of Dafferns Audit Limited Chartered Accountants Statutory Auditor One Eastwood Harry Weston Road Binley Business Park Coventry CV3 2UB

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Date: 23. Mert 20 24
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LIFE CHURCH (EUROPE)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 August 2025

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |Notes|£|£|£|£| |Income|and|endowments| |from:| |Donations|and|grants|2|606,352|325,720|932,072|734,498| |{ncome|from|charitable|3|224,048|-|224,048|189,819| |activities| |Other trading|activities|4|72,998|-|72,998|68,992| |Total|income|and|$03,398|325,720|1,229,118|993,309| |endowments| |Expenditure|on:| |Ralsing funds|21,903|5,269|27,172|21,474| |Charitable|activities|5|829,051|112,510|941,561|779,679| |Total|expenditure|850,954|417,779|968,733|801,153| |Net income|/ expenditure|52,444|207,941|260,385|192,156| |Net|movement|in|funds| |Transfers|between funds|31,003|(31,003)|-|.| |Net movement|in|funds|83,447|176,938|260,385|192,156| |Reconciliation|of funds:| |Total|funds|brought|forward|2,846,222|527,565|3,373,787|3,181,634| |Total|funds|carried forward|14,15|2,929,669|704,503|3,634,172|3,373,787|

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All income and expenditure derive from continuing activities.

The statement of financial activitles includes all gains and losses recognised during the period. ,

The notes on pages 13 to 21 form part of these financial statements

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Registered No. 07288147

LIFECHURCH LIFECHURCH (EUROPE)
BALANCE SHEET
as at 31 August2025
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 2,720,074 2,714,100
CURRENTASSETS
Debtors 12 19,633 3,248
Cash at bank and in hand 910,407 670,424
930,034 673,672
CREDITORS
Amounts falling due within one 13 (15,936) (13,985)
year
NETCURRENT ASSETS 914,098 659,687
NETASSETS 3,634,172 3,373,787
FUNDS OF THE CHARITY:
Restricted funds 15 704,503 §27,565
Unrestricted income funds
Accumulated income fund 14 2,770,567 2,726,915
Designated funds 14 159,102 119,307
TOTALCHARITYFUNDS 3,634,172 3,373,787

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

The financial statements were approved and authorised for issue by the Board:

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ON BEHALF OF THE BOARD:
Rev. D.P, Murphy). is
M. Wattis: M\d-
Date: 25 March 2026
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The notes on pages 13 to 21 form part of these financial statements

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LIFE CHURCH (EUROPE)

STATEMENT OF CASHFLOWS for the year ended 31 August 2025

Notes 2025
£		 2024
£
Cashflowfrom operating activities
Netincome/(expenditure) forperiod		 260,385 192,156
Depreciation
Decrease/{increase) in debtors
{Decrease)/increase in creditors		 11
12
13		 23,135
(16,385)
1,951		 10,233
75
3,429
Netcashflowfromoperating activities 269,086 205,893
Cashflowfrom investing activities
Purchase oftangiblefixed assets		 11 (29,109) (46,550)
Netcashflowfrom investing activities (29,109) (46,550)
Net increase/(decrease) in cash and cash 239,977 159,343
equivalents
Cashand cash equivalents at01 September
2024		 670,424
511,081
a
—
Cashand cash equivalents at31 August2025 910,401 670,424
Cash andcash equivalents consist of:
Cash atbankand in hand 910,401 670,424
Cashandcash equivalents at31 August2025 910,401 670,424
2024
£		 Cashflow
£		 2025
£
Cash and cashequivalents 670,424 239,977 910,401
Total netdebt 670,424 239,977 910,401

The notes on pages 13 to 21 form part of these financial statements

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LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS

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for the year ended 31 August 2025
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  1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty In the preparation of the financial statements are as follows:

a) General information and basis of preparation Life Church (Europe) is a charity that is a company limited by guarantee In England/Wales. The address of the registered office is given in the charity information on page 1 of these financial statements.

The nature of the charity's operations and principal activities are to advance the Christian faith, to rellave sickness and financial hardship and promote and preserve good health in the United Kingdom or the World.

The charity constitutes a public benefit entity as defined by FRS 102, The financial statements have been prepared In accordance with applicable accounting standards, the Companies Act 2006, 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in Pound Sterling (£) which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparations of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. b) Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise of unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are used in accordance with specific restrictions imposed by the donors, or which have been raised by the charity for particular purposes, The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Details of the nature and purpose of each fund is set out in notes 14 and 15. The amount held in the Income Reserve Fund is entirely at the discretion of the Trustees.

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  1. ACCOUNTING POLICIES (CONTINUED)

LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

c) Income recognition Allincome is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the Charity will have-been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and thls requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity, and it is probable that they will be fulfilled. Cash donations are recognised upon receipt.

No amount is included In the financial statements for volunteer time in line with the SORP (FRS 102).

Income from trading activities is received in exchange for supplying goods and services or rental income in order to raise funds and is recognised when entitlement has occurred.

d) Cash flow statement The charity’s cash flow statement reflects the presentation requirements of FRS102

e) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there Is a legal or constructive obligation to make payments to third parties, It Is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

f) Support cost allocation Costs incurred to support church activities, are allocated accordingly to costs for charitable activities. These costs compose primarily of staff and office costs and are allocated based on an estimate of staff tme spent per charitable activity.

g} Governance costs Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs comprise of legal fees, together with an allocation of support costs.

h} Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore It meets the definition of a charitable company for UK corporation tax purposes.

i} Employee benefits ; The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits

j) Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense to the Statement of Financial Activities as they fall due.

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LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

  1. ACCOUNTING POLICIES (CONTINUED)

k) Fixed assets and depreciation Fixed assets are stated at cost less accumulated depreciation, and accumulated impairment losses. Costs, include costs directly attributable to making the asset capable of operating as intended.

Depreciation is at the following annual rates in order to write off the cost of each asset over Its estimated useful life: Freehold property Not depreciated Assets in the course of construction Not depreciated Fixtures and fittings 20% straight line Motor vehicles 33% straight IIne Fixtures and fittings were depreciated at 20% reducing balance basis prior to the current financial year. 1) Financial Instruments Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

m) Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight-line basis over the term of the relevant lease.

n} Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure Is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

0) _ Critical accounting judgements and key sources of estimation uncertainty in the application of the charlty’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these . estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.

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LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

2, INCOME FROM DONATIONS AND GRANTS

2025 2024
£ £
Donations forexpansion fund
General donations		 249,109
603,301		 205,698
468,036
Donations for overseas
Other		 37,119
42,543		 27,731
33,033
932,072 734,498

For 2025, £606,352 was unrestricted income (2024: £425,340) and £325,720 was restricted income (2024: £309,068).

  1. INCOME FROM CHARITABLE ACTIVITIES
2025 2024
£ £
Families
Discipleship
General Ministries		 38,894
14,340
9,591		 26,042
15,525
4,903
Harbourshop
Conferences		 126,846
34,377		 117,728
25,621
224,048 189,819

All income from charitable activities for the current and prior year is unrestricted.

4, INCOME FROM OTHER TRADING ACTIVITIES

2025 2024
£ £
Galley coffee shop
Propertyincome
Othersales		 63,304
847
8,847		 53,115
398
15,479
__12,998 _
68,992

All income from other trading activities for the current and prior year is unrestricted.

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LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 34 August 2025

  1. EXPENDITURE ON CHARITABLE ACTIVITIES
Activities
undertaken
directly		 Support
costs		 2025
Total		 2024
Total
£ £ £ £
Families
Discipleship
General Minlstrles		 51,738
12,957
28,722		 74,468
24,823
297,874		 126,206
37,780
326,596		 100,523
37,348
285,169
Harbourshop 202,051 74,468 276,519 243,100
Conferences 23,879 24,823 48,702 28,914
Global Missions 92,345 - 92,345 70,609
Other 33,413 - 33,413 14,016
445,105 496,456 941,561 779,679

For 2025, £829,051 of the above were attributable to unrestricted funds (2024: £723,124) and £112,510 of the above to restricted funds (2024: £56,555)

  1. SUPPORT COSTS
Families Discipleship General
Ministries		 Harbour
shop		 § Conferences 2025
Total
£ £ £ £ £ £
Salaries
Otherstaff costs		 42,469
1,750		 14,156
584		 169,873
7,003		 42,468
1,751		 14,156
584		 283,122
11,672
Office costs 13,660 4,553 54,638 13,660 4,553 91,064
Professional fees 326 109 1,307 327 109 2,178
Propertycosts 9,575 3,191 38,299 9,574 3,191 63,830
Depreciation
Other		 3,470
1,598		 1,157
533		 13,881
6,393		 3,470
1,598		 1,157
533		 23,135
10,655
Governance
costs		 1,620 540 6,480 1,620 540 10,800
jp
74,468 __24,823 297,874 74,468 24,823 496,456

For 2025, £469,296 of the above were attributable to unrestricted funds and £27,160 of the above to restricted funds.

7. GOVERNANCE COSTS

Audit and accauntancy fee

----- Start of picture text -----
2025 2024
£ £
10,800 §,178
10,800 5,178
----- End of picture text -----

Page 17

,

LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

  1. NET INCOME IS STATED AFTER CHARGING

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |Depreciation|23,135|10,233| |Audit fee|9,000|3,000| |Other accountancy services|1,800|2,178| |Pension|costs|6,084|5,192|

----- End of picture text -----

9. TRUSTEES REMUNERATION AND KEY MANAGEMENT PERSONNEL

During the year, no trustees received any remuneration or benefit in kind for their duties as trustee (2024: nil). No trustees had expenses met by the charity in fulfilling their duties as a trustee and the total amount reimbursed to two trustees or pald to third partles was £1,632.

The total amount of employee benefits recelved by key management personnel is £124,132.

  1. STAFF COSTS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Wages and|salaries|327,422|288,182| |Social|security|26,492|15,444| |Pension|contributions|6,084|5,192| |2025|2024| |Average|number|of staff| |Charitable|activitles|20|19| |Full|time equivalent|11|11| |No employee|received|remuneration|of £60,000|or|more,|

----- End of picture text -----

Page 18

LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

11.
FIXED ASSETS
Freehold
Proparty
£		 Assets in
Fixtures
Motor
Course of
and
vehicles
Construction _ fittings
£
£
£		 Total
£
Cost
At1September2024 2,588,466 82,493 241,704 5,750 2,918,413
Additions
Disposals
At31 August 2025		 -
18,000
"
-
2,588,466
100,493
oe		 11,109
29,109
-
i
Ps
252,813
5,750
2,947,522
————————
Depreciation
At 1 September2024		 - . - 203,605 708 204,313
Charge forthe period - - 20,752 2,383 23,135
Released - - - -
At31 August 2025 - - 224,357 3,091 227,448
ee
Net book value
At 31 August 2025
2,588,466
100,493
28,456
2,659
2,720,074
sc
chem
At1September2024
2,588,466
————		 82,493 38,099
5,042
2,714,100
ee
12.
DEBTORS FALLING DUEWITHIN 1 YEAR
2025 2024
£ £
Otherdebtors 10,525 “
Prepayments 9,108 3,248
49,633. 3,248
13.
CREDITORS FALLING DUEWITHIN		 WITHIN 1 YEAR
. 2025 2024
£ £
Tradecreditors 4,654 675
Accruals 11,282 13,310
15,936 13,985

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LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

14, UNRESTRICTED FUNDS
4 Balance
September
2024		 Income
and gains		 Expenditure
and losses		 §Transfers Balance
31 August
2025
£ £ £ £ £
Designated funds
Buildingworks
Harbourfunds		 109,604.
9,703		 -
190,149		 -
(182,681)		 .
-		 109,604
17,171
Other - 3,502 (2,178) 31,003 32,327
Total designated 419,307 193,651 (184,859) 31,003 159,102
funds
Totalaccumulated 2,726,915 709,747 (666,095) - 2,770,567
incomefund
2,846,222 903,398 (850,954) 31,003 2,929,669

Designated funds comprise of reserves held for future bullding spend, and in relation to operational costs for the Harbour centre,

Accumulated income funds are available for use at the discretion of the trustees In furtherance of the general objectives of the charity and have not been designated for other purposes.

  1. RESTRICTED FUNDS
RESTRICTED FUNDS
1 Balance
September		 income
and gains		 Expenditure
and losses		 Transfers Balance
31 August
2024 2025
£ £ £ £ £
Expansionfund 442,897 249,110 (21,517) - 670,490
Restricted general 59,921 37,469 (40,548) (47,288) 9,554
donations
Harbour grants 15,199 17,189 (24,862} - 7,526
Compassion 3,817 99 (1,209) - 2,707
ministries
Other 5,731 21,853 (29,643) 16,285 14,226
527,565 325,720 (117,779) (31,003) 704,503
  1. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
fixed
assets		 Net
current
assets		 Total
£ £ £
Restricted fund . 704,503 704,503
Unrestricted funds 2,720,074 209,595 2,929,669
2,720,074 914,098 3,634,172

Page 20

LIFE CHURCH (EUROPE)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

17. RELATED PARTY TRANSACTIONS

The Lead Pastor, who is a Trustee, recelved gross remuneration of £50,700 (2024: £48,526) and pension contributions of £1,321 (2024: £1,257) during the year in his employed capacity. His wife, in her capacity as assistant pastor, received gross remuneration of £8,585 (2024: £7,555) and pension contributions of £nil during the current and prior year.

  1. OPERATING LEASE COMMITMENTS

Total future minimum lease payables under nan-cancellable operating lease are as follows:

----- Start of picture text -----
2025 2024
£ £
Within one year 9,000 12,000
Within one to five years - 9,000
31000, __21,000
----- End of picture text -----

Operating lease expenditure recognised in the year was £12,000 (2024: £12,000).

19. PENSIONS AND OTHER POST-RETIREMENT BENEFITS

The charity operates a defined contribution pension plan for Its employees. The amount recognised as an expense In the period was £6,084 (2024: £6,192).

The defined contribution liability is allocated to unrestricted funds.

  1. CONTROLLING PARTY

The charitable company is under the control of its Board of Directors/ Trustees.

Page 21