CompAlly I'egistratioii nUber.. 07435582 Charity i'egistt'ation iiuinber., 1139671 Life Church Lancashire (A company limited by guèrai)tee) AnnLial Repoit and Fitjancial Statemeiits for the Year Ended 31 December 2024 1st Flooi., Block C The whTr Manchester Road Lancashire BBII IJG
Life Church Lalleashire Colltents Reference and Admlliistrtstive Details Trllstees, Report 2to3 Independent Examinei 5 Report Statement of Finat]cial ActivitlE5 Balance Sheet Notes to the Financial Statements 7ttsK3
Life Church Lancashire Referenee and Administrative Details Trustees Mrs B Baker Mr M Hirst Mr D Randall Mrs R Sollis Charity Regi$tfAlion IYutAber 1139671 Cornpany Regislration Number 07435582 Registered Office Life chUh 30 Sycamore Avenu Burnley BB12 6QP KM 1st Floor. Block C The Wharf Manchester Road Burnley LancAshire BBI I IJG Independent Examiner Solicitors: Geldards LLP Numbei. One Prid¢ Place Piide Park Derby DE24 8QR Kingdom Bank Nottingham Ruddington Field.% Bu$iness Park Mei'e Way, Ruddington NottiTrgham NGII 6JS Bankers Virgin Money 25 Manchester Road Bui'nley Lan¢ashire BBII IHX Page I
Life Church Lan¢a5hire Trustees, Report The twstees. who are diTectors for the purposes of company law, present the annual I'eport together with the financial statements and auditors, repoil of the charirable company for the yeai ended 31 D¢cember 2024. Trustees Mrs B Baker Mr M Hirst Nfl. D RandAII Mrs R Sollis Objeets, aim$ and aelivlt5es Objects and aims The objects of ihe Charity as per the Articles of Association are.. To advance the Christian faith in accordance with the Statem¢nt in such ways and in su¢h parts of the UK or tl)e world as the directors from time to time may think flt., To relieve SiLkness and financi31 hardship and to promote and preserve good health by the provision of funds, goods or 5¢rvioes of any kind including thvollgh the provision of counselling and 5UPPOrt in such parts of the UK or the world a5 the directors from time to time think fit, and To advance education in ways and in Such patts of th¢ UK or the world as the directors from time to time may think fit. To rthel. the work of the gospel of Jesus Christ at home and overseas. We also provide &ssistance lo the community including supp)rt of a Con]munity Groc¢ryJ WorneTr'5 Refuge, Asylum Seekers, Debt Relief, Parenting and MaiTlaBe Cour5¥s and local schools. In addition, we provide regular activities for children* youth, the elderly and those r0Vern& from addictioi). Activities Financial assi5tanc¢ and volunteering at local schoo15, Buinley Community Grocery and Womei)'s Refi]ge. The training and improvement of IFfe skills of the church and wider community. The fiÈJal pha5¢ ofthe fii%t floor development was completed in 2024.. Durin¥ the year our ovei'all income increased, providing Étn increased financial contribution to assist th¢ overall aims of the charity. Publlc benefjt The trustees confirm that they have complied with the requirements of section 17 of the Charities A¢t 201 I to have due regard to the public benefit guidance published by the Charity Conimission for Elkgland and Wales. Page 2
Life Chureh LancAshire Trustees, Report Vinxncial revieTrv We ended the year with £109,924 in general res¢rves, not designated. The oi'gani5ation is therefore able to continue its activities in the shoit terrn, develop staff levels and cover ongoing ov¢rhEad costs. Futurc plan5 We plan to continue and develop the implemenation of our strat¢gic vision in line with our ¢haritable aims and organisatlODal v21ues. Strueturey governante and management Natur¢ of governing document The charity is gov¢rn¢d by its Aiticles of Assoeiation dated 10th November 2010. Recrllatmet appointTh¢nt of tru5te¢s The trustees comprise such peTsons as the trustees shall froni time to time appoint. Trustees Yemuneralion Remuneiztion of the trustees is pemiitt¢d by the Articles of Associatlgn as long as the inajority of trustees do not benefit. Risk management The trustees a¢tively manage risks. One of the mhjor risks is safeguarding and the trustees are satisfied that appropriate policies and training are in place. and that all DBS checks are carried out. Small eompanies provision statement This report has been prepared accoi'danc¢ with the Small ¢omp&nies regirne under tlie Cornpanie5 Act 2006. The annual report was approved by the trustees of the eharity on 22 September 2025 and 5igi)ed On its behalf by.. Mrs B Baker Trustee Page 3
Life Church Lancasbire Independent Examiner's Report lo the trustees of Life Chureh Lancashire ('the Company,) I report to the charity trust¢e5 on my examination of the aEcounts of the Company for the year ended 31 December 2024. Re5P0115ibllities and basls of report As Ihe charity's trusle¢s of the Company (and also its directors for the purpose5 of company law) you are responsibl¢ for the preparation of the accounts in a¢coi'dance with th¢ requii'emenls of the Companies A¢t 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Cornpaiiy are not required to be audited under Pal't 16 of the 2006 Act and are eligible for indcpendent examination, I report in respect of my examination of your charity's CCOUtJt5 as carried out under section 145 of the Lharities ALI 2011 ('the 2011 Act'}- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 A¢t. Independent exAJniner's stal¢ment Since the Company's gross income exceeded £250,000 your examiner must be t member of a body listed in section 145 of the 2011 Act. I confITm that l am qualified to undertak¢ the examinatioti be¢ause l am a member of the Association of Charity Ind¢p¢ndent Examiners, which is one of the listed bodies. have completed my examination. l ¢onfim that no matters have come to iny attention in connection with the examination giving me cause lu b¢lieve'. accounting records were not kept Tn respect of Life Church Lanca5hire as required by section 386 of the 2006 Act. or 2. the accounts do not accord with ihog¢ recoi'ds. or 3. the accounts do not comply with the accounting IEquirements of section 396 of the 2006 Act other than any requircment that the accounts give a 'true and fair view, which is not a matter considered as part of an independent cxamination. or 4. the accounts have not been prepared in accordance with the tnethods and principl¢s of the Statement of R¢cominended Practice for accounting and reporting by charities lapplÈcable to charities preparing their arcounts in accordance with the Financial ReportEng Stattdard applicable in the UK and Republic of Ireland (FRS 1021]. have no concerns and have come acros5 no other matters in connection with the examination to which attention should be drawn in this Teport li) order to enable a proper understanding of the accounts to be reached. Mark Heatoii FCCA FCIE DChA KM 1st Floor, Block C The Wharf Mallchester Road Burnley Lan¢a5hire BBII IJG 22 September 2025 Page 4
Life Church Lancashire Statement of Finaneial Aetivities for the Year Ended 31 Deeember 2024 (Including Illeome and Expenditure Account and Statement of Total Reeogniscd Gains and Losses) Total 2D24 Total 2023 Unrestrlcled Unrestricted Note Income from: Donations and legacies Othei. tradino activities Investment in¢ome oiher income 319,558 94,252 3,165 4,803 319,558 94,252 3,165 4,1103 276,265 99,498 5,533 12,450 276,265 99,498 5,533 12,450 Toittl incoine 421,778 421,778 393,746 393,746 Expenditure on: Charitable aciivities (388.012) 388,012) (398,854 {398,854 Total exp¢nditure Net incornel(exp¢ndilure) (388,012 388,012) (398,854) 398,854) 33,766 33,766 (5,108 N¢1 movement in funds 33,766 33,766 (5,108) (5,108) Reconciliation of funds Total funds brought foiward 1,334,889 1,334.889 1,339,997 ,339,997 Total funds carried forward 16 1,368,655 1,368,655 1,334,889 1,334,889 All of the charity's activities derive from ¢ontinuiThg operations during the above two periods. The funds breakdown lor 2024 and 2023 is shown in note 16. The notes on pageg 7 to 13 form an integral part of these financtal statements. Page 5
Life Church Lanca5hire (Registr#tion number: 07435582) BA19nee Sheet as at 31 Deeember 2024 2024 2023 Note Fixed assets Tangible assets 1,976,258 1,992,836 Current a5$ets DebtOTS C8$h at bank and in hand 12 3,050 147,106 150,156 7,386 149,849 157.235 Creditors: AMOU18 falling due within oTre year Nel curi'ent assets 13 {27,738 36,851) 122,418 120,384 Total auets less CUlTenl liabilities 2,098,676 2,113,220 Creditors,. Amounts fallin¥ after mor¢ than one year Net *S5ets 14 1730,021) 1368,655 (778,331 1,334,889 Funds of the eharity: Ullrestricted Éncome funds Unresh'icted fld$ 1,368,655 1,334,889 Total funds 16 1,368,655 1,334,889 For the financial year ei)ding 31 Decernb¢r 2024 the charity was entitled to exemption from audit under Section 477 of the Comp8nies Act 2006 relating to Small Companies. DirectOTS' I'esponsibElili¢5'. The members h8ve not iequired the charity to obtain an audit of its accounts foi. the year in question in accordance with section 476., and The dir¢ctoi's acknowledge their responsibilities for complying with the requirements of ihe Act with respect to accounting records and the prepai'ation of accounts. The fanCial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on 22 September 2025 and signed on their behalf by.. MTS B J4aker Trustee The noles on pages 7 to 13 fomi an integral part of these financial statetnentS. Page 6
Life Chureh Laneashire Notes lo the Financial Statements for the Year Ended 31 Deeember 2024 I Charity stalu The charity 18 limited by guarantee, incorporated in England at)d Wales, and consequently doe5 not have share capital. Each of the trustees is liable io contribute an amoLtnl not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered Offi is.. Lif¢ Church 30 Sycamore Avenue BuTnley BB12 6QP These financial Statements were authorised for issue by the trustees on 22 September 2025. 2 Accollntlng polieies Summary olsignificant accounting polieies and key xceounting estÈmgtes The principal accounting polscies applied in the preparation of th¢5¢ findnLial statement% are set out below. These policies have been consi$tenily applied to all the years presented, unlvs uiherwise staled. Statement of compliance The financial statements bave been prepared in accord&nce with Accounting atkd Reporting by Charities.. Statement of Recoinniended Pi'actic¢ (applicable tg charities preparing their accounts in accoi'dance with the Financial Reporting Standard applicable in the UK and Republic of li'eland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Lite Church Lancashire meets the definition of a public benefit entity undei. FRS 102. Assets and liabilities are initially re¢ognised at historical cost or h7llSaCtion value unless otheiivise stated in the relevant accounting policy notes. Coing concern The trustees consider that there are no material uncertainties about the charity's ability to coiitinue as a going concem nor ally 5ignifiLaTrl ai'eas of unceilainty that affect the carrying value of aysets held by the charity. Income All income is I'ecogJ]ised once the charsty has entitlement to the income, it is probable that the income will be received and the amount of ihe incomt rEceivable can be m¢a5ured reliably. Governance eosts These include the cost5 attributable to the charity's compliance with constitutional and stattjtory requirements, including independent examiThation, strategic n)ak)agement and Iru5tees meetings and reimbursed expenses. Page 7
Life Chur¢h Lanea8bire Ntst to the Financial Statement5 for the Year Ended 31 Deeember 2024 Taxation The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finanee Act 2010 and thefOre it meets the definition gf a charilable eompany for UK ¢oi'pordtion tax pui'poses. Accordingly, the charity is potentially exempt frgm taxation in respe¢l of income or capital gaills received within cate8OTies overed by Chapter 3 Parl I l of the Corporation Tax Act 2010 or Section 256 of tlie Taxation of Chargeable Gains Act 1992, to the extEnl that such income or gains are applied exclusively to charitable puiposes. Tangible fixed assets Individual fixcd assets Costing £1,000.00 or more are initially recorded at e05t, less any subsequent ac¢umvlat¢d depreciatiot) and subseqltenl accumulated imp2irment losses. Depreciation Depreciation is provided on tangible fixed assets so as to write off the ¢0st or valuaiion, less any estimated residual value, over their expected useftsl economic life a5 follows.. Asset Class Freehold propety Fixtures dt]d fittings Depreciation method and rate IO/• per arlnum on strAight line basis IOQ/o per annum on Lust Trade debtors Tr&de debtors are aOntS due for 5ervic¢s performed in the ordinary course of busine5$. Fund structure Unrestricted incorne funds are general hnds that are available for use at the trnstees discretion in furtherance of the objectives of the eharity. Designat¢d funds are unreslTlCted ndS set 8$ide for specific purposes at the discretion of the tNStees. Pensions and othei. post retirem¢nt obligations The charity operates a defined contribution pension wheme which is a pension plan under which fLxed Contributions are paid into a pension fund aiid the charity has no legal or conslrucliv¢ obligation to pay further contTibutions even if the fund does not hold sutTicient assets to pay all employees the benefits relating to eEnploy¢¢ service in the current and prior periods. Contributions to defjned contribution plans are recogni5ed in the Statcment of Ffinai)ciJl Activities when th¢y al'e due. If conti'ibutiott payientS exLetd the conti'ibution de for servie¢, th¢ excess is Tecognised as a piepayment. Page 8
Life Church Laucashire Noles to the Financial Statements for Ibe Year Ended 31 December 2024 3 Income from do]Eatlons and legaeles Unrestrleted Total 2024 Total 2023 De5igll#ted General Donations from iEKlividuals Gift aid reclaimed Grai)ts Legacies 17,128 252,174 46,890 269,302 46,890 214,188 34,836 17241 i o,00() 276,265 3,366 302,430 3.366 17.128 319,558 4 Income frorn other trading aclivStles Unregtrieted Total 2024 Total 2023 General Sponsorship income Impact conferencing and cafe sales 68 99,430 94,252 94,252 94,252 94,252 99,498 5 lThw¢slmeEkt income Unrestricted Total 2024 Total 2023 General Interest re1Vable on bank deposlts 3,165 3,165 6 Expenditure on Charitable activities Unrestricted Tot&1 2U24 Total 2023 Designated Ceneral Note Chai'itable Activities Depreciation Governance costs Bank interest payable Staff tosts 9.689 28,646 141,086 150,775 28,646 900 53,969 153,722 181,405 28,308 870 59,772 128,499 900 53,969 153,722 92,304 295,708 388,012 398,854 Page 9
Life Church Lancashire Notes to the Financial Statements for the Year Ended 31 December 2024 7 Analysis of governance and Support eosts Governance eosls Unrestricted Total 2024 Total 2023 Gener41 Independent Bxaminer's remuneration 900 900 870 900 900 870 8 Trustees remuneration expenses Salaries are paid to Mrs B Baker (directorltru5tee) as authorised by the Article5 of Associaiion. The amount paid in the year tutalled £35,729. No trustees have received any reimbuTsed ¢xpenses or any otheT benefits from the Charity during the year, other thall those received in the capacity Df an ¢rnployee. 9 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff cos15 during the year ivere: Wages and salaries Social se¢urity costs Pension costs 140,665 5,922 7,135 117.410 5,362 5,727 153,722 128,499 The moilthly average number of pei%on$ (including senior management I leadership team) employed by the harity during the yeai. expressed as fttll lime equivalents was as follows.. 2024 No 2023 No Chai'itrable activities No employee received emoluments of more than £60,000 during the year. Pag¢ 10
Life Cburch Laucashire Notes to Ihe Financial StatemenÉs for Ibe Year Ended 31 December 2024 lQ T#xatioA Th¢ charity is a registered charÈty and is therefoi'e exempt from taxation. I l Tangible fixed assets Land And buildings Furniture and equipment Total Cost At l January 2024 Additions 2,064,606 12,068 80,000 2,144,606 At 31 December 2024 2,076.674 80,000 2,156.674 Depreclatlon At l January 2024 Charge for the year 103,770 20,646 48,000 8,000 151.770 28,646 At 31 De¢¢mber 2024 124,416 56,000 180,416 Net book v8lue At 31 December 2024 1,952,258 24,0(K) ,976,258 At 31 December 2023 ,960 836 32,000 1,992,836 12 Debtors 2024 2023 Trade debtors Prepaynients 2,175 875 6,511 875 3,050 7,386 13 Cyeditors: amount5 f811ing due wlÉhln one yeai. 2024 2023 Bank loans Othei. taxatitsn and social security VAT Other creditors Accruals 19,049 2,997 1,566 1,235 2,891 32,089 164 238 878 3,482 27,738 36,851 Pagell
Life Chureh Lancashire Notes to the Financial Slat¢ments for the Year Ended 31 December 2024 14 Creditors: atnounls falling due after one year 2024 2023 Bank loans 730,021 778.331 Bank loans al'e secured on the land and builditw owned by the Charity. 15 PensTOll and other scheine5 Defln¢d colltribution pension $Chee The charity operates a defined contribution pension scheme. The pension cost chaige for the year repi'esents conts'ibutions payable by th¢ ¢hority to the scheme and amounted to £7,135 (2023 £5,727). 16 Fund5 Blllanee #t I January 2024 Balanee at 31 December 2024 Incoming resources Re%ource5 expended TraNsfer5 Unrestricted funds Geiieral General fi)nd 128,268 404,650 (295,708) (127,2861 109,924 Deslgiirtled Fixed asset% I'oserY¢ Missions fund 1,182.517 24,104 (82,615) (9,689) 92,304 127,286 1,227,188 31,543 17,128 1,206,621 127,286 1,258,731 Total funds 388,012 1,368,655 PagE 12
Life Church Lancashire Note5 to the Financial StAtements for the Y¢ar Ended 31 December 2024 Balance at I January 2D23 Balance 4131 Deceniber Incoming resources Resourees expended Transfer8 2023 Unrestricted funds Genernl General fund 141,052 382,611 (303,534) (91,861) 128,268 Dulgiirtiéd Fixed assets reserve Missions fund 1,178,736 20,209 (88,080) 7,240 91,861 1.182,517 24,104 11,135 1,198,945 11,135 95,320 91.861 1,206,621 Total lunds 1,339,997 393.746 398,854) 1,334,889 17 Amalysis of net assets between lunds Total funds kt 31 Deeember 2024 Unrestricted funds General De5ign&ted Tangible fixed assets Current assets 1,976,258 31,543 (19,049) (730,021) 1,976,258 150,156 127,738) (730,021) 118,613 (8,689) Current liabilities CreditOTS over l year Total net assets 109,924 1,258,731 1,368,655 Total funds at 31 December 2023 Unrestricted funds General De5Égnwted Tallgible fixed assets Current assets Cui'rent liabilities Croditors over l year 1,992,836 24.104 (32,089) 7711.331 1,992,836 157,235 (36,851) (778,331) 1,334,889 133,131 (4.762) Total net assets 128,369 1,206,520 18 Relgted party tr8n$a¢tions There were no relaled paty transactions in the year. Page 13