Company registration number-. 07435582 Charity r¢gisir4tion number: 1139671 Life Church Lancashire (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 D¢¢emb¢r 2024 KM 1st Flooi., Block C Thc Whayf Manchc%tei" Road BurThley Lanca5hire BBII IJG
Life Church Laneashire Contents Reference and Admini5trAtÉve DelaÈls Trustees, Report 2to3 Independent Examiner's Report Statement of Financial Activities Balaiice Sheet Noles to the Financial Staiements 7t013
Life Church Laneasbire Reference and Administrative Details Trustees Mrs B Baker MT M Hir5t Mr D Randall Mrs R Solli5 Charlty Registration Nurnber 1139671 Company Registratio Number 07435582 Registered 0]ce Life Church 30 8ycamore Avenue Burnlcy BB12 6QP Independent Examlnei. 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BBI I IJG Solicitors: Geldards LLP Nulnber One Pride Place Pride Park Derby DE24 8QR Kingdom Bank Nottinbjham Ruddin&Fton Fstlds Business Park Mer¢ Way, Ruddinglon Nottingham NGII 6JS Bankers Virgin Money 25 Manchester Road Burnley Lantashire BBII IHX Page I
Life Church Laneashir¢ Trustees, Report The irustee5, who are directors for the puiposes of company law, present the annual report togethEr with the financial statements and audilors, report of the ¢haritable company for the y¢ar ended 31 Deeember 2024. Trustees Mrs B Baker Mr M Hii'5t Mr D Randall MYS R Sollis Objects aims and atttyities Objects and aims The objects of the charity as per the Arti¢les of A$50ciation are: To advance the Christian faith in a¢coTdanc¢ with the Statement in such ways and in such parts of the UK or the world as the directors from time to time may tliink fit- To relieye sickiiess and findnLial hardship and to pi'omote and preserve good health by thc provisiDn of funds, goods or services of any kind inGludinLi throug the provision of counselling and support in such parts of the UK or the world as the director5 froTn time to tirne think fit. and To advance education in such ways and in such parts of the UK or the world as the directors from time to time may think fit. To fvrther th¢ work of the gospel of Jesus Christ at home and overseas. We also provide assistance io the Community including support of a Conununity Grocery, Women's Refuge, Asylum Seekei's, Debt Relief, Parenting And MaTriagc C.Durses and local schools. In addition, we provide regular activitie5 for children, youth, the elderly and thosc rccavei'ang from addiction. Activitie5 Financial assistance and volunteering at local schools, Burnley Community GJY)cery and Women's Refuge. The training and improvement of life Skills of the church aE]d wider community. The final phase of ihe first floor developrn¢nt wa5 completed in 2024.. During the year oui. overall income increased, providing an increased fitEancial conlribution to assist the overall aitns of the charity. Public benefit The trustees confirm that they have complied with the requii'ements of section 17 of the Charities Act 201 I to have due re8ard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
Life Church LaneashAre Trustees, Report Fin8neiAI revlew We ended the year with £109,924 in general reserves, not designated. The organisation ES therefore able to continv¢ its activities in the short term, develop staff leYe15 and ¢over ongoing overhead costs. Fllture plans We plat) to ¢ontinlle and develop the impl¢nienation of our Strategic vision in line with our charitable aims 01.TrialIllna1 values. Structure• govern3ce and management Nature of governing documeDt The Charity is governed by its Article5 of Associalion dated l Oth November 2010. Recruitment and appointment of trustee5 The trustees comprise such persons as the trustees shall from time to time appoint. Trustees remuneration lieJ]iuneration of the trustees is permitted by the Articles of Association as long as thE majority of trustees do not benefit. Risk management The trustees acliv¢ly illan4ge risks. One of the major risks is safeguarding and the trStee8 are satisfied that appropriate policies and training are in place, and thai all DBS checks are Carri out. SMAII comp&nies provislon statement This report has been prepaTed in accordance with the small ¢ompanies regime under ihe Companies Act 2006. The annual IEPOrt was approved by the trustees of the charity on 22 September 2025 and signed on its behalf by.. Mr5 B Baker Tiustee Pag¢ 3
Life Cburch Laneashire Independent Examiner'8 Report to the trustees of Life Church Lan¢asbire ('tbe Company,) I report to the charity trustees on Jny examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report AS the charity's trustees of the Company {and a150 its directots foi. the purposes of company law) you are r¢5poiisible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied my.Eelf that the accounts of th¢ Company are not required to be audited under Part 16 of the 2006 Act and arc cligible for independent examination, I report in respect of my examination of your charity's accounts as carricd nut under section 145 of ihe Charities Aet 2011 ('Ihe 2011 Act,). In cairying oul my examination I haye followed the Directions giv¢n by the Charity Commissiun under section 145{5Mb) of ihe 2011 Act. Independent examiner's statement Since the Companys gross income exceeded £250,000 your ex&mitter must be a metnb¢r of a body listed in seclioii 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confimi that nD tnatters have come to my attentign in connection with the examination givinbF me caiise to believe.. l. accounting records were not kept in respect of Life Church Lancashire a5 required by se¢lion 386 of the 2006 Act; or 2. the accounts do not accord with those rords,. or 3. the accou[5 do not Comply with the accounting requirements of section 396 of the 2006 Aet other than athy requirement that the aecounts give a 'tn]e and fair view, which is not a matter consid¢red a5 part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no Concerns and have come across no other matters in conlle£tion with the examination to wliich attention Should be drawn in this report in ord¢r to enable a proper understanding of the accounts lo be reached. Mark Heaton FCCA FCIE DChA 1st Floor, Block C The Wharf ManLhesler Road Bui'nley Lan¢ashire BBII IJG 22 Scplember 2025 Page 4
Life Church Lallcashire Statement of Financial Aetivities for the Year Ended 31 December 2024 (Including Income And Expenditure Account alld Statement of Tolal Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Uiiresti'icted Note Income from: Donations and legacies other trading activities Invtgtmeni income 319,558 94,252 3,165 4,803 319,558 94,252 3,165 4,803 276,265 99.498 5,533 12,450 276,265 99,498 5,533 12,450 Othei. incom¢ Total income 421,778 421.778 393,746 393,746 Expenditure on: Charitable activities (388,012} (388,012) (398,854) 398 85d Total ¢xpeTrditure Net incomel{expenditure) 388,012 388.012) (398,854) (398.8541 33,766 33,766 (5,108) (5,108) Net movement in thnds 33,766 33,766 (5,108) (5,108) Reconciliation offunds Total funds bi'ou8ht foiward 1,334,889 1,334,889 1,339,997 1,339,997 Total funds carried forward 16 1,368,655 1,368,655 1,334,889 1,334,889 All of the charity's activitSES derive fi'om conlinuing operations during the above two periods. The funds breakdown for 2024 and 2023 is shown in note 16. The notes on pages 7 to 13 fomi an integi&l part of these financial statements. Page 5
Life Church Lallcashire (Registration llllmber: 07435582) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed asset Tangible assets 1,976,258 1,992,836 Current assets Debtors Cash at bank and in hand 12 3,050 147.106 7,386 149,849 150,156 157,235 Credltor$: Amoknnts falling due withFn one year 13 27,738) 136,851) Ntt current a55et5 122,418 120,384 Total a58ets les$ cui-rent liabilities 2,098,676 2,113,220 Ci'editors.. Amounts falling due after more than one year 14 {730,021) (778,331 Net a55et5 1,368,655 1.334.889 Funits of the charity: Unrestricted income funds Unrestricted fvnds 1,368,655 1,334,889 Total fund5 16 1,368,655 1,334,889 For the finaneial year ending 31 December 2024 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, re5pon5ibilitits.' The members have not required the chaTity to obtain an audit of its accounts for the year in question in a¢eordaTh¢e with section 476. The diirctors acknowledge their responsibilities for ¢omplying with the requirements of the Act with respect to accounting records and the pieparation of ac¢ounts. The financial stateTnents on page5 5 to 13 were approved by the trustees, aiid authorised for issue on 22 September 2025 aTrd signed on their behalf by: Mi's B Baker Trustee The notes on pages 7 to 13 form an int¢gvoI part of these financial statements. Page 6
LRfe Church Lancashire Notes to Ihe Financial Statements for the Year Ended 31 December 2024 I Charity statu5 The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each Of the trustees 14 liable 10 contribute an amoiint not exceeding £1 towards the assets of the Charity in the event of liquidation. The address of its registered office is.. Life Chur¢h 30 Sycamore Avenue Burnley BB126QP These fitvdncial statements were authorised for issue by the trustees on 22 September 2025. 2 Accounting policies Summ2ry of significant a¢¢oullting policies and key aeeounting eslirnates The principal accounting policies applicd in the preparation of these financial ststements are Sel out below. These policies have be¢a] consistently applied ¢0 all the years presenÉ¢d, unless otherwise stated. Statement of compllinee The financi21 statements have been prepared itt aordanCe with Accounting and Reporting by Charities.. Statement of Recommended Practice {applicable to ¢harilies preparing their accounts in accoi'dance with th¢ Financial REporting Standai'd applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companie5 Act 2006. Basi5 of preparatio Life Church Lancashii'e meets the definition of a publi¢ benefit ¢ntity under FRS 102. Assets and liabilities are initially recognised ai historical cost or transaction value un1¢55 QthETWi5e stated in the relevant accounting policy notes. Goiiig concern The trustees coi)sider that there are no material uncertainties about the chariws ability to continue as a going concern nor any significant areas of uncertainty that atrect the Cai'rying value of assets held by the charity. Inco]De All income ss recognised once the charity has entitlement io the income. it is probable that the income will be received and the amount of the inrome receivable can be measured reliably. GovernAnee costs These include the costs attributable to the charity's compliance with constitutional alkd statutory requirements, including Èndepetjdent examijiation, strategic management and trustees meelings and reiinbur5ed expenses. Page 7
Life Churcb Laneasbire Note5 to the Financial Statements for the Year Ended 31 Deeember 2024 Taxation The charity is considered to pass the les15 set out in Paraaph I Schedule 6 of the Finance Act 2010 and therefore il nieets tlie definition of a charitable company for UK cory)oration tax purposes. Accordingly, Iht charity is potentially exempt fi'om taxat0 in iespect of income or capital gain5 received within categories covered by Chapter 3 Part I l of the cooration Tax Aci 2010 or Seciitrn 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any svbsequ¢nt accumu141td depreciation and subsequent accumulated impairment loss¢s. Depreelation Depreciation is provided on tangible fixed a5SEts so as to write off the cost or valyation, less any estimated residual value, over their expected useful economic life as follows.. Asset el8SS Freehold property Fixtures and fittings Depreciation method and rate ID/0 per annum on strai¥ht line basis 10/0 per annum on c051 Trade debtor5 Ti'ade debtors are amount5 due for services peyfomied in the ordinary course of busines5. Fund strncture Uttiestricted income futJd5 ale general funds that are kvailable for use at the trustees discretion in funherance of th¢ objcctiveq of the chaTity. Designated funds are unrestricted funds set aside for specific purposes al the discretion of the trustees. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan undei. which fixed contributioi)s are paid into a pension nd and the ch8Tity has no legal or constructive obligation to pay further contributions even if the fund does not hold suificient assets to pay all employees the benefits relating to employee sei'vice in the ¢urrent and prioi. periods. Contributioiis lo defined coiitribution plans are i'ecognised in the Statetncnt of Financial Activities when they are due. If conti'ibution Pdyments exceed the contribution due for service, th¢ cxcess is itCO8nised as a prepayment. Page 8
Life Chureb Laneashire Iyotes to the FinAncial Statements for the Year Ended 31 December 2024 3 Intome from donations 2nd legacies Unrestrlcted Total 2024 Total 2023 Designat¢d Gener#1 Donations from individuals Gift aid ro¢laimed Grants Legacies 17,128 252,174 46,890 269,302 46,890 214,188 34,836 17,241 10,000 276,265 J,366 3,366 319,558 17,128 302,430 4 Income from other trading aetiviti¢s UDre5tritted Total 2024 Total 2023 General Sponsorship income Impact confeirncing and eafe sales 68 99,430 94,252 94,252 94,252 99,498 5 Investment Income Unrestricted Total 2024 Total 2023 General Interest receivable on bank deposits 3,165 3.165 5,533 6 Expenditure on clixritable activities Unrestrlcted Total 2024 Total 2023 Designgted Ceneral Note Charitable activities Depreciation Governance costs Bank interest payable Staff costs 9,689 28,646 141,086 150,775 28,646 900 53,969 153,722 181,405 28,308 870 900 53,969 59,772 128,499 398,854 53,722 92,304 295,708 388.012 Page 9
Life Church Lancashir¢ Notes to the Finaneial Slatement$ for the Year Ended 31 Detember 2024 7 Analysi5 of governance and support tosls Governance cost5 Unre5trieted Tot21 2024 Total 2023 General Independent Examiner's remnertIon 900 900 870 900 900 870 8 Trstee$ remuntralioii And expen5e5 Salaries al'e paid to Mrs B Baker (director/trustee) as authorised by the Articles of Association. The amount paid in the year totalled £35,729. No trustees have received any reimbursed expenses or any other benefits from th¢ charity during the year, other than those received in the capacity of an eEnployee. 9 Staff eos15 The aggregate payroll costs wer¢ as follows- 2024 2023 StAff costs during the year were: Wages and 5alai.ies Social security costs Pension costs 140,665 5,922 7,135 117,410 5,362 5,727 153,722 128,499 The monthly average number of persons (including senior management / leadership team) employed by tl)e charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 Charitable activities No employee received emolumetkis of more than £60,000 during the year. Page 10
Life Church Lancashire iyotes to the Financial Statements for the Year Ended 31 Decen)ber 2024 10 Taxfitio The charity is a registered charity and is therefore exempt from taxation. I l Tangibl¢ flxed a55ets Land and building$ Furniture and equipMeAt Tot81 C05t At l January 2024 Additions 2,064,606 12,068 80,000 2,144,606 12,068 At 31 Dember 2024 2,076,674 80,000 2 156674 Depreciatio At l January 2024 Chai'ge for the year 103,770 20,646 48,000 8,000 151,770 28,646 At 31 December 2024 124,416 56,000 180,416 Net book value At 31 December 2024 1,952,258 24,000 1,976,258 At 31 December 2023 1,960,836 32,000 1,992,836 12 Debtors 2024 2023 Trade debtors PrepayDi¢nts 2,175 875 6,511 875 3,050 7,386 13 Creditors: amount5 falllng due within one year 2024 2023 Bank loans oth taxatioii and social secuwity VAT Other CL'¢ditors Accruals 19,049 2,997 1,566 1.235 2,891 27,738 32.089 164 238 878 3,482 36,851 Pagell
Life Church Laneasbire Notes to the Financial Statements for the Year Ended 31 December 2024 14 Creditors: amounts fAlling due after one year 2024 2023 Bjnk loang 730,021 778,331 BaThk loans are secured on the land and buildings owned by the charity. 15 Pension aNd other sehemes Defined contribution pension seheme The charity operntes a defined contribution pension scheme. The pension cost Charge for the year ttpresents contributions p&yable by the charity to th¢ scheme and afftounted to £7,135 (2023 - £5,727). 16 Funds Bglanee at I ,14nuary 2024 Balince al 31 December Ineoming resource5 Resource5 expended TraA5fer5 2024 Unrestricted funds Geiieral General fund 128,268 41>4,650 (295,708) (127,286) 109,924 D¢sigiillled Fixed assets rc5erve Missions fund ,182,517 24,104 (82,015) {9,689 127,286 1,227,188 31,543 17,128 1,206 621 17.128 (92,304) 127,286 1,258.731 Tofal fund5 1,334,889 421,778 (388,012 1,368,655 Page 12
Llfe Church Lancashire Notes to the Financial Statemellts for the Year Ended 31 December 2024 BalHnce at 31 ec¢mb¢r 2U23 January 2023 Incoming resvurces Re5011rees expended Transfers Uiirestyicted fund5 Geiierfil General fvnd 141,052 382,611 (303,534) {91,861) 128,268 DesigvatÈrf Fixed assets reserve Missions fulld 1,178,736 20,209 (88,080) 7,240 91,861 1,182,517 11,135 1,198,945 (95,3201 91,861 1,206,621 TotAI funds 1,339,997 393,746 (398,854 1,334,889 17 Analysis of net assets between funds TotaI funds at 31 D¢c¢mber 2024 Unrestricted funds Gellernl Deslgnated Tangible fixed assets Current assets Curren¢ liabilities Creditor8 over l year 1,964,190 31,543 (19,049) (730,021) 1,964.190 150,156 (27.738) 730,021} 118,613 (8,689) Total net assets 109924 1,246,663 1,356,587 Total funds at 31 December 2023 Unrestricted funds General Designated TaDgible fixed assets Current assets Current liabilities Creditors over l year 1.992,836 24,104 {32,089} 1778,331) 1,992,836 157,235 136,851) {778,331) (4,762) Total net assets 528,369 1,206,520 1,334,889 18 Related party transactions There were no related party transactions the year. Page 13