• ASCOT LIFE CHURCH
IA Charitable Company Limited by Guarantee}
TRUSTEES'/DIRECTORS' ANNUAL REPORT
and
FINANCIAL STATEMENTS
for the year ending
31" MARCH 2024
Registered Charity Number
1140436
Registered Company Number
07411973
175 New Road
Ascot
Berkshire
SL5 8PX

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
Year ending 31" March 2024
Contents
GENERAL INFORMATION..........................................................................
Our Purposes and Activiti¢s.........................................................................
Aims.............
Activities
Our Voluntecrs..........................................................................................
Achievements and Performance................... .
Financial Review............-...-...........-.............-........-...-..-...............................
Investment powers and policy.......-..............................................................
Reserves Policy and Going Concern............................-..........-....................
Structure, Governance and Management.....................................................
Reterence and Administrative Detai15........................................................ 10
INDEPENDENT EXAMtNER'S REPORT.................................................. 12
Respective Responsibilities of Trustees and Examiner..............................
Basis of Indepcndent Examiner's Report ..
Independent Examiner's Siatement.........-..-.....-......................................... 13
STATEMENTS OF FINANCIAL ACTIVITIES......... . .
14
12
Summary of Income and Expenditure........................................................ 14
BALANCE SHEET........................................................................................ 15
NOTES TO THE FINANCIAL STATEMENTS....
17
Accounting Policies.................................................................................... 17
Legal SLitys ofthe Charity......................................................................... 19
Income.................
.20
Expenditure .
Fixed Assets...............................................-............................................... 22
21
Debtor5 ...
.22
Creditors.. Amounts Falling Due Within One Year..-.-......-........................ 22
Analysis of Net Assets by bund....................................................
.22
Net Movement in Funds.....
.23
Trust¢cs. Staff and Relatcd Parties Remuneration and Benefits................ 24
Related Charities .
Financial Commitments..........
.25
Independent Examination.....................................-....-..-............................. 25

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
Year ending 31" March 2024
GENERAL INFORMATION
TRUSTEES / DIRECTORS
Mr P. Draper
Chairman (until 31/12/231 Interim Treasurer
Mr P. Newman Chairman (from 01/01/24)
Mr P. Foster
Treasurer
Ms N. Gwati
Mrs S. Hale
Ms E. Ward
lunti125/03/24)
ELDERSICOMPANY MEMBER5
Mr S. Argent
Mr P. Draper
Mr. R Perrins
Elder
Elder
Elder
BANKERS
Barclays Bank PLC
I, Churchill Place
London
E14 5HP
INDEPENDENT EXAMINER
Mr Philip Mount
54, Dedworth Road
Windsor
Berkshire
SL4 SAY

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
Report of the Trustees/Dirertorsfor the yeur ending 31st March 2024
The Trustees, who are also the Directors of the charity for the purposes of the Companies Act
2006, present their report together with the financial statements of the charity for the year
ending 31st March 2024, which are also prepared to meet the requirements for a Directors,
Report and Accounts for Companies Act purposes.
The Trustees have prepared the financial statements to comply with the Charities Act 2011, the
Companies Act 2006, the Memorandum and Articles of Association, 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 IFRS 1021 (effective l January 2015, updated l JanLtary 20191.
Our Purposes ond Activities
The purposes of the charity are..
to advance the Christian faith in accordance with the Statement of Beliefs in the
Memorandum and Articles of Association-
to fulfil such other purposes which are exclusively charitable according to the law of
England and Wales and are connected with the work of the charity
for the public benefit in and around Ascot and in such other parts of the United Kingdom or the
world as the trustees may from time to time think fit.
Aims
The Church's main aim is to be 'a church that responds to and shares the love of God. following
a New Testament pattern whilst engaging with our 21, Century culture. based on the values of
Worship, Community, Transformation, Serving and Mission.
Ascot Life Church IALCI has the general aim of contributing to the lives of people of all ages from
Ascot and the surrounding areas by cornmunicating the Christian faith to them in ways they can
relate to, and by involving as many people as possible in Christian worship and in the practical
outworking of the Christian faith. Everyone is welcome to participate in the life of the church
and to benefit from being part of this *aith communitv.
Activities
The Church's Sunday meetings have a contemporary feel reflecting the relevance of faith in Jesus
Christ to modern living. These meetings include a time of praise and worship followed by Bible-
based teaching.
During the week, small groups called 'Life Group5, meet with the aim of encouraging those
involved in the life of the church to develop a deeper relationship with Christ, to experience his
life-transforming power and to Share their faith with others. Online mornin8 prayer meetings
using Zoom video conferencing software are also held on weekdays.
Ascot Life Church 15 a public benefit entity and the Trustees/Director5 regard serving the
surrounding community as an important aspect of the church's activity. In ensuring that this
remains a significant feature of the life of the church they have considered the Charity

TRUSTEES, AND DIRECTORS. ANNUAL REPORT
& FINANCIAL STATEMENTS
Commission's guidance on public benefit, including the guidance 'Public benefit.. running a
charity IPB2}'.
Our Volunteers
Most of the activities of the church are dependent on volunteers with the church's Staff team
playing a complementary facilitating and organising role. The church would not function
effectively without the contribution of volunteers and a significant proportion of the regular
participants in the life of the church play some kind of voluntary role. An assessment of the
number of people involved in volunteer roles during 2023-24 identified around 103 such
contributor5 to the life of the church. around 48% of adults or teenagers who regularly
participate in church life.
Achievements ond Performance
The church meet5 on Sunday mornings at Ascot Racecourse, which Pfovides a largervenue than
the church buildings to accommodate growth in the number of people participating in the life
of the church over the last few years.
Throughout the year, several Bible-ba5ed teaching series were presented aimed at helping
people of all backgrounds to understand the message of the Bible better enabling them to grow
in their faith. in their relationship with God and with one another.
In the spring of 2023, the church worked through a teaching series in the first half of I
Corinthians to enable the church to see the gracious character of God towards his church and
consider how the gospel applies to real-life issues such as conflict. insecurity, sexuality and
relationship5. The church then followed a short summer series in the Old Testament IOTI book
of Proverbs. to discover biblical wisdom on work, friendships, money and conversation.
During the autumn of 2023 the church re-entered the book of I Corinthians for part 2 of the
Spring series. Working through the latter part of the letter allowed church member5 to
appreciate the richne55 of the gospel through seeing it applied to issue5 such as idolatry. gender
relations. diversity, community, and even death itself. The overwhelming theme of these two
series was the power of the gospel to completely transform broken lives and communities.
Over the Christmas season, a Family Service and Carol Service were held celebrating the peace
that Christmas offers to us if we'll believe it'5 me55age, helping people f rom both the church
and the surrounding community to connect with God by responding to the good new5 of the-
gospel wherever they may be in their journey of faith. Copies of Luke's Gospel and short
evangelistic books were also distributed to help newcomers in particular, to continue their faith
journey.
From January 2024 until Easter, a teaching series called 'Radiant People, was brought, inspired
by Jesus, description of his followers as 'the light of the world, (Matthew S.141. Each week,
church members were encouraged to see that Jesus, transformative work in our lives will draw
those around to consider his claims. On the final two weeks of March. the church celebrated
Palm Sunday, Good Friday and E35ter Sunday. with appeals made to seekers to consider the
gospel's life-transforming offer.

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
As a continued investment in the life and growth of the church, a staff member was taken on
as a Church and Community Worker in August 2023. after having served as an intern for the
previous year. This staff member took on variou5 responsibilities, two prirnary ones being the
co-ordination the church's student ministry, and the development of a community outreach
initiative. On top of this, another intern wa5 taken on in the summer of 2023. This intern made
an excellent contribution to church life, particularly in the areas of children's work, students,
work and media. Their work on content and media wa5 particularly helpful when the previous
contracted Content Creative finished their work for ALC in January 2024. In October 2023,
another intern finished their work with us after making a substantial contribution to the
church's children's ministry.
At the close of the previous financial year, one of the Church's Elders followed a call to move
down to Exeter to pastor a church there. This left a team of three Elders who remained in place
during 2023-24, one of these being a full-time remunerated staff member. In December 2023
new elder was proposed to church members. a proposal that was affirmed by members in
February 2024, and then implemented in April 2024.
In September 2023 the ALC Elders officially took on transitional leadership for three years of
the Brook Church Bagshot following their pastor's retirement. This was with the aim of
reinvigorating and renewing the church after numerical decline going back some years. This first
year of transitional leadership consisted of resourcing their Sunday meetings with preachers,
worship leaders and hosts, whilst building relationship with the church members with the aim
of cultivating a new vision and strategy for growth.
During 2023-24, the number of those regularly involved in church life was around 250 adults
and teenagers with an additional 60 or so children aged 12 and under. Attendance at the main
Sunday morning meetings typically ranges between 180-230 people of all ages.
The church remains committed to supporting Christian organisations and ministries both in the
UK and overseas and provides grants to Commission Apostolic Trust, TEAR Fund, Wycliffe Bible
Translator5 and Operation Mobilisation. Benevolent donations are also made by the church to
support the welfare of people experiencing financial hardship.
Financial Review
During the year ended 31, March 2024 the church received a total of unrestricted income from
donations, Gift Aid and bank interest amounting to £250,112. Income tax recovered on
unrestricted Gift Aid donations was £44,157
Total unrestricted expenditure for the year was £243,901.
Total restricted income was £5,244 including income tax recovered on restricted Gift Aid
donations amounting to £269. £7,241 was expended from restricted funds.
Investment powers and policy
The Trustees/Directors aim to employ available f unds towards the charitable aim5 of the church
and towards enhancing the viability of the church's work for the future. In view of this policy and
the relatively short time between the receipt of funds and their expenditure. all funds are held
in cash. Funds not immediately required are held on deposit. Due to the prevailing economic

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
circumstances. deposit rates were low so interest gained on such funds was correspondingly
reduced.
Funds
Funds are allocated to the activities of the church from donations and from Gift Aid tax refunds.
50.3% of unrestricted income was allocated to staff costs to enable the activities of the church
to be implemented effectively, with a further 16.3% used to cover the running costs of the
church building5 and rental of premises for Sunday morning meetings. 11.8% of unrestricted
income was allocated to grants for the support of or8anisations and individuals within the UK
and oversea5 that are directly involved in Christian work and whose objectives the Elders and
Trustees consider to be compatible with the charitable aim5 of the church. The remaining
unrestricted funds were allocated to the general operating costs of the church.
Restricted funds in response to appeals to meet specific needs or where donors have specified
the purpose for which the funds should be used are allocated accordingly.
Reserves Policy and Going Concem
The level of activity of the church is dependent upon voluntary donations from church members
and attenders together with tax reclaimed on donations made under the Gift Aid scheme. To
adequately cover the month-by-month operatin8 cost5 of the church, the Trustees/Directors
consider that the amount of unrestricted funds that should be immediately available at all times
as a reserve should equate to at least two ry7onth5 of Core Monthly Operating Costs ICMOCI,
which are defined as essential expense5 such as those for salaries, utilities, essential property
maintenance, office costs, essential travel and necessary professional service5. This level of
reserves is calculated each year after approval of the annual budget and is stress-tested against
the maximum liabilities of the church including such items as statutory staff redundancy
payments and contractual obligations such as venue hire.
This level of reserves is considered adequate by the Trustees/Directors as it would be possible,
although not desirable, to reduce the level of activity of the church and its corresponding
outgoings in various ways should reserves fall to such a level. Should available funds fall below
two months CMOC. fund-raising appeals and cost-reduction plans affecting non-core costs
would be prepared and implemented if necessary to maintain reserves above the set threshold.
The church's general fund balance has been maintained at a good level such that the
Trustees/Directors considered that it was important to invest more of the Church'5 funds in
employing and developing staff to enable the work of the church to be enhanced. The budget
for 2023-24 was therefore intentionally structured to enhance the staff team and to provide staff
training with the expectation that expenditure would exceed income thereby reducing the
general fund balance. At the end of the f inancial year 2023-24, the reduction in the general fund
was actually less than had been budgeted so the Trustees/Directors have no immediate concerns
regarding the financial viability of the church as a going concern for the foreseeable future.
Restricted funds are allocated for amounts raised in response to appeals to meet specific needs
or where donors have designated their contributions for specific purposes. Most the church's
restricted funds active during 2023-24, were used for the support of Christian mission work, to
help those in need and to support an annual youth camp event.

TRUSTEES. AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
Structure. Governance and Management
Governing Document
The charity'5 8overnin8 document 15 Its Memorandum and Articles of Association, constituting a
Charitable Company Limited by Guarantee, as defined in the Companies Act 2011.
Appointment of New Trustees
As Set out in the Articles of Association, the charity may by ordinary resolution appoint a pef son
who is willing to act as a trustee. providing that they also become a director of the Charitable
Company and that they subscribe to the church's Statement of Beliefs.
Trustee Induction and Training
New trustees are provided with terms of reference def ining their role and are briefed by the
existing Trustees on the nature of their responsibilities. They are also encouraged to review the
information on the role of trustees available on the Charity Commission website and are
encouraged to attend relevant external training events that will facilitate the undertaking of
their role.
Organisation
At the outset of the period covered by this report there were six Trustees comprising one church
Elder and five church members. In December 2023 the church Elder stepped down as a Trustee,
reducing the number to 5. The Trustees also serve as Directors of ALC a5 a Charitable Company.
The Trustee5/Director5 take prime responsibility for ensuring that Ascot Life Church fulf ils it5
charitable objects and legal responsibilities and meet at least three time5 a year.
For the period covered by this report, the church had three Elders who are also the Company
Members. The Elders meet bi-weekly and have responsibility for the spiritual oversight of the
church and oversee the day-to-day running of the church. Under the oversight of the Elders, the
responsibilities for running various church activities and ministries are further delegated to staff
member5 and to volunteer activity and group leaders.
The church had six employed members of staff at the start of the period covered by this report-.
one Elderlminister, one staff member covering 3 combined Youth Work and Operations role,
part-time Children'5 Worker, one Ministry Trainee, two interns. One member of the church also
performed contract work as a Content Creative.
At the end of thi5 period there was six employed members of staff= one Elderlminister, one staff
member covering a combined Youth Work and Operations role, a part-time Children's Worker,
one MinistryTrainee, a Church and Community Worker la previous intern). and a new intern. The
second previous intern departed in October 2023, and the contracted Content Creative also
finished work for the church in January 2024.
Financial matters are dealt with by a treasury team co-ordinated by the Treasurer who provides
report5 to the Trustee5/Directors and to the Elders. Due to ill-he31th. the treasurer role was
covered in part by an interim treasurer {Elderl to ensure continuity and quality during this
reporting period.

TRUSTEES, AND DIRECTORS. ANNUAL REPORT
& FINANCIAL STATEMENTS
Salaries and other staff benefits are agreed by the Trustees/Directors who conduct an annual
review of staff remuneration taking account of price and wage inflation and the responsibilities
of each role. They also periodically review available information on remuneration and benefits
for comparable roles.
Related Parties and Co-operation with Other Organisations
None of the Trustees receive remuneration or other benefit, from their work with the charity.
Any contractual relationship or similar connection between the charity and a trustee of the
charity, its management personnel or a related party must be disclosed to the full board of
trustees. In the current year no such related party contracts Of transactions were reported.

TRUSTEES. AND DIREcfoRS' ANNUAL REPORT
& FINANCIAL STATEMENTS
Reference and Administrative Detoils
The charity is registered under the name 'A5COt Life Church,.
Registered Charity Number.. 1140436
Registered Company Number.. 07411973 (England and Wales
Registered Office.. Ascot Life Church, 175 New Road, Ascot, 8erkshire, SLS 8PX
TrusteeslDirectors:
Mr P. Oraper (until 311121231
Mr P. Foster
Ms N. Gwati
Mrs S. Hale
Mr P. Newman
Ms E. Ward luntil 251041231.
Property Trustee: Baptist Union Corporation Limited
Company Members and Key Management Personnel..
Mr S. Argent
Mr P. Draper
Mr. R Perrins.
Trustees'/Dirertors' Responsibilities in Relatlon to Flnanclal Statements
The charity Trustees Iwho are also the Directors of Ascot Life Church for the purposes of
company lawl are responsible for preparing a Trustees, Annual Report and Financial Statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each financial year
that 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 year. In preparing the financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK accounting 5tandard5 have been followed, subject to any
material departures disclosed and explained in the financial statements,.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and to 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 irregularitie5.
The Trustees are responsible for the maintenance and integrity of the corporate and f inancial
io

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from le8islation
in other jurisdictions.
Statement as to Disclosure to Our Independent Examiner
In so far as the Trustees are aware at the time of approving our Trustees'/Directors' Annual
Report..
there is no relevant information. bein8 information needed by the Independent Examiner
in connection with preparing his report. of which the charitable company's Independent
Examiner is unaware, and
the Trustees/Directors, having made enquiries of fellow Directors and the church's
Independent Examiner that they ought to have individually taken, have each taken all
Steps that he/she is obliged to take a5 a Director in order to make themselves aware of
any relevant audit information and to establish that the Independent Examiner 15 aware
of that information.
Independent Examiner
The Independent Examiner, Mr Philip Mount, will continue his appointment as per his letter of
engagement.
This report has been prepared in accordance with the Statement of Recommended Practice..
'Accounting and Reporting by Charities, and in accordance with the special provisions of Part 15
of the Companies Act 2006 relating to small entities.
8y order of the board of Trustees/Directors
Signature..
TrusteelDirector Name.,
Date..
li

TRUSTEES, AND DIREcfoRS' ANNUAL REPORT
& FINANCIAL STATEMENTS
INDEPENDENT EXAMINER'S REPORT
Independent Examiner's Report to the Dirertors/ Trustees of Ascot Lift Church
I report on the accounts of the cornpany for the year ended 31" March 2024, which are set out
from Page 14.
Respective Responsibilities of Trustees ond Examiner
The Trustees (who are also the Directors of the company for the purposes of company lawl are
responsible for the preparation of the accounts. The Trustees consider that an audit 15 not
required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that
an Independent Examination 15 needed. Although the charity's gross income exceeded £250,000
by a small margin, the level of assets held was well below the £3.26M threshold that requires an
audit.
Having satisfied myself that the charity is not subject to audit under company law and is eligible
for independent examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act,.
to follow the procedures laid down in the general Directions given by the Charity
Commission under section 14515llbl of the 2011 Act,. and
to State whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the
Charity Commission. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accoLtnts, and seeking explanations from
you as trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit and consequently no opinion is given as to whether
the accounts present a 'true and fair view, and the report is limited to those matters set out
in the statement below.
12

TRUSTEES, AND DIREcfoRS' ANNUAL REPORT
& FINANCIAL STATEMENTS
Independent Examiner s Statement
In connection with my examination, no matter has come to my attention:
11} which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006,.
and
to prepare accounts which accord with the accounting records, comply with the
accounting requirements of section 396 of the Companies Act 2006 and with the
methods and principle5 of the Statement of Recommended Practice.. Accounting and
Reporting by Charities have not been met; or
(2J to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Signed..
Mr Philip Mount TD AFA MIPA
54, Dedworth Road
Windsor
Berkshire
SL4 SAY
Dated..
//
13

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
STATEMENTS OF FINANCIAL ACTIVITIES
For the Year Ending 31. March 2024
(including summary income and expenditure account)
Summary of Income ond Expenditure
Unrestrirted Restricted Total funds
funds
fund5
Year ending
Mar.24
Mar.Z4
Mar-24
Total funds
Year ending
Mar-23
Notes
INCOME & EXPENDITURE
Income from..
Donations and legacies
Investments
249,802
310
5,244
255.046
310
236,199
55
3b
Total Income
250,112
5,244
255,356
236,254
Expenditure on".
Charitable activities
4a&b
243,901
7,241
251,142
250,556
Total Expenditure
243,901
7,241
251,142
250,556
Net incomellexpenditurel
6,211
11,9971
4,214
114,3021
Transfers between funds
Net movement in funds
6.211
11.9971
4,214
114,3021
Reconciliation of lunds:
Total funds brought
forwar(I
58.751
7.195
65.946
80,248
Total funds carried forward
64,962
5,198
70,160
65.946
14

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
BALANCE SHEET
As at 31" March 2024
Total fund5
Mar-24
Total funds
Mar-23
Notes
Fixed Assets
Tangible fixed assets
Total fixed assets
Current A55etS
Debtors
9,385
61,666
71.051
9,945
58,513
68,458
Cash at bank and in hand
Total Current Assets
Liabilities
Creditors.. Amounts falling due within one year
Net current assets or liabilities
18911
70,160
12,5121
65,946
Total as5et5 less current liabilities
70,160
65,946
Total net assets or Ilabllities
70,160
65,946
The funds of the charity:
Restricted income funds
Unrestricted funds
5,198
64,962
7.195
58.751
T¢tal Charlty Funds
70,160
65,946
15

TRUSTEES, AND DIRECTORS, ANNUAL REPORT
& FINANCIAL STATEMENTS
For the period ending 3110312024 the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors'nrustees, re5pon5ibilities..
the Members have not required the charitable company to obtain an audit of its accounts
for the year in question in accordance with section 476 of the Companie5 Act;
the Directorsnrustees acknowledge their responsibilities for complying with the
requirements of the Act with respect to accountin8 records and the preparation of
accounts,.
These accounts have been prepared in accordance with the provisions applicable to companies
Subject to the small companies, regime.
The financial statements were approved by the Board of Tru5tee5/Directors on..
Z i: L¢....... ..........2024 and were Signed on its behalf bv..
Director's Name..
Director's Name.. .
Signed.
Signed..
16

ASCOT LIFE CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31$1 March 2024
Accounting Policies
The following accounting policies have been used in the preparation of the financial statements:
Basis of Preparation
The f inancial statements have been prepared in accordance with 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 IFRS 1021 leffective l January 2015, updated l January 20191- (Charities
50RP IFRS 10211, the Financial Reporting Standard appSicable in the UK and Republic of
Ireland IFRS 1021 and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
The accounts are prepared on an accruals basis and include income and expenditure as they
are earned or accrued.
b. Preparation of the Accounts on a Going Concern Basis
In view of the continued health of the church's general fund balance for 2023-24 the
Trustee5/Directors have no concerns at present regardin8 the financial viability of the
charity and are satisfied that the reserves held by the charity are more than sufficient to
ensure its financial health for the foreseeable future.
Income
Donations under Gift Aid and all other donations and income are recognised as income when
they are received. The income tax recovery associated with Gift Aid donations is accrued to
the same month in which the donations are received.
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charity,. this is normally upon notification of the interest paid or
payable by the Bank.
Receipt of Donated Services and Facilities
The church benefits greatly from the involvement and sUPPOrt of its many volunteers and
the Trustees, Annual Report provides information about their contribution. In accordance
with the Charities SORP IFRS 1021, the general volunteer time of people involved with the
church is not assessed in economic terms and is therefore not recognised in the accounts.
Fund Accountin8
Unrestricted funds are available to Spend on activitie5 that further any of the purposes of
the charitv.
Designated funds are unrestricted funds of the charity which the Trustees/Directors have
decided at their discretion to set aside to use for specific purposes.
Restricted funds are donations that the donor has specified to be solely used for Specific
purposes as part of the church's work or for specific projects being undertaken by the
church.
17

ASCOT LIFE CHURCH
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment
to a third party, that it is probable that settlement will be required and the amount of the
obligation can be measured reliably. All expenditure is on charitable activities including the
Costs of activities undertaken to further the purposes of the charity and their associated
support costs.
Grants
The church makes donations to other organisations whose charitable objects complement
its own and to people involved in Christian work. These donations are accounted for when
paid over.
In accordance with the purpose5 of the charity to advance the Christian faith and to fulfil
other charitable purposes connected with the work of the charity (see 'Our purposes and
activities, in the report of the Trustees/Directors}, the church made donations from it5
unrestricted funds as shown in the table below during the reporting year.'_
Commi$5i0n Apostolic Trust
£12,000
Wycliffe Bible Translators
£2,520
Operation Mobilisation
£2,520
Tearfund Donations
£1,800
Trinity Church Canada Support
£8.386
Baptist Union
£648
Newday Youth Conference
£1,000
Other sm311 donations
£465
Total £29,339
Operating Leases
The charity classifies the lease of printing and photocopying equipment as an operating
lease. The title to the equipment remains with the lessor and the equipment is replaced
every few years whenever technology advancements make such replacement economically
advantageous. Rental charges are charged on a straight line basis over the term of the le35e.
Debtors
Trade and other debtors are recognised at the expected settlement amounts due.
Prepayments are valued at the amount prepaid.
k. Creditors and Provtsions
Cf editors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of fund5 to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their expected settlement amount.
18

ASCOT LIFE CHURCH
Financial Instruments
The charity only has financial assets and financial li3bilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value.
m. Pensions
Following the introduction of pension auto enrolment, the church set up an account with
the National Employment Savings Trust INESTI, the workplace pension scheme set up by the
government especially for auto enrolment. New employees are automatically enrolled into
the NEST pension scheme at a basic level but have the flexibility to make contributions at a
level that suits their circumstances, or to opt out if they wish to do 50. The church makes
corresponding employer contribution5 in accordance with terms agreed in the relevant
contracts of employment.
The employer contributions made by the charity to the above schemes in 2023-24 and
treated as an expense amounted to £8,139. The aggregated amount paid to key
management personnel in 2023-24 amounted to £2,701.
Pension premiums for the charitable company's employees are paid from unrestricted funds
and are accounted for in the same month as the employees, related remuneration.
Legal Status of the Chority
The church is a Charitable Company Limited by Guarantee and has no share capital. In the
event of the charity being wound up. the liability in respect of the guarantee is limited to
£10 per Member ofthe charity.
19

ASCOT LIFE CHURCH
Income
Income from Donations and Legacies
Unrestricted
Restricted Total Funds
Total Funds
Mar-23
Funds
Funds
Mar-24
Unrestrirted funds:_
Donations under Gift Aid
Gift Aid tax recovered
Donations- General
168,826
44.157
36.819
249,802
168.826
44.157
36,819
249.802
155,265
43,443
30,974
229,682
Restrirted funds:.
Newday Youth Camp Fund
YWAM T & D Breen Support
P Rogers- Retirement
Benevolent Fund
Other Restricted Funds (Mar-241
2,900
94
2,900
94
975
1,115
2,940
1,487
1,875
375
1,875
375
249,802
5,244
255,046
236,199
Investment Income
Bank interest
310
310
55
310
310
55
Total Income
250,112
5,244
255,356
236,254
All the church's investment income arises from money held in interest bearing deposit
accounts. The rates of interest on these accounts were low for most of the reporting period.
Gift Aid tax recovered on restricted donations amounted to £269 and is included in the
restricted fund totals in the above table.
Further details on the various restricted funds can be seen under note 9.
No income from legacies was received in 2023-24.
20

ASCOT LIFE CHURCH
Expenditure
Expenditure on Charitable Actlvities- Unrestricted Fund5
Unrestrlcted Restrlcted
Total
Funds
Mar-24
Total Fund5
Funds
Funds
Mar-23
Staff 5alarie5 and wages
Employer's Nl
Employer pension contributions
Church house costs
Grants
Costs of premises
Church equipment and resources
Administration and IT costs
Staff resources and travel
Training and Conferences
Students. Youth and Children'5 work
Outreach and Cornmunity work
Guest speakers
Professlonal fees
108.331
3.311
8.139
21,698
29.339
40,744
8,625
5,748
3,164
3,214
4,420
6.260
645
108.331
3.311
.139
21,698
29.339
40,744
8,625
5,748
3,164
3,214
4,420
6,260
645
123,682
5,768
9,896
3,276
38,553
28.621
6.394
5,133
2.890
4,983
5.902
6.038
360
263
263
263
243,901
243.901
241,7S9
'Church house costs, relate to the house beneficially owned by the church as a manse for a
minister's living accommodation and include costs such as property insurance, council tax
and maintenance.
'Costs of premises, relate to the running cost5 of the church buildings and also to the rental
of premises at Ascot Racecourse used for Sunday morning services.
b. Expenditure on Charitable Activltles- Restricted Funds
Total
Funds
Mar-24
Total
Funds
Unrestricted Restrirted
Funds
Funds
Mar-23
Newday Youth Camp Fund
Benevolent Fund
Trinity Church Canada Support
YWAM T&D 8reen Support
Other restricted funds exp <£500 (Mar-24)
2,810
1.810
540
2,810
1.810
S40
1.575
1,080
I,ioo
1,355
2,112
7,222
1.282
799
1,282
799
7.241
7.241
Further details on the varioLbS restricted f unds can be seen under note 9.
21

ASCOT LIFE CHURCH
Fixed Assets
The company has the beneficial use of a church property and manse by virtue of a trust
established in 1921. The title deed5 to these freehold properties are held by the Baptist
Union Corporation.
The church building5 are located at 175, New Road, Ascot. Berkshire. SL5 8PX and had a
buildings insurance valuation of £1,466,528 declared by Baptist Insurance effective from 1st
April 2024.
The manse is located at 3, Whitelands Drive, Ascot, Berkshire, SL5 8LS and had a buildings
sum insured of £420,000 by AXA Insurance Limited effective from 1st April 2024.
Debtors
Mar-24
Mar-23
Gift Aid tax recoverable due
Prepayments
Other debtors and payments
8,188
1.197
8,397
1.548
9,385
9.945
Creditors: Amounts Falling Due Within One Year
Mar-24
Mar.23
Income tax and Nl due
Other credltors
891
2,512
891
2,512
Analysis of Net Assets by Fund
Total
Funds
Total
Funds
Unrestritted Restricted
Funds
Funds
Mar-24
Mar-23
Fixed assets
Current assets
65,835
18911
64.962
5,198
71.051
18911
70,160
68.458
12,5121
65,946
Current liabilities
Fund Balance5
5,198
22

ASCOT LIFE CHURCH
Net Movement in Funds
Opening
8alance
Incomlng
31103123 Resources Expenditure Transfer$ 31103124
8alance
Unrestritted general fund5
Restrirted funds'.-
Newday Youth Camp Fund
Youth Events
Benevolent Fund
8ible Reading Notes Fund
Commission Festival Fund
Community Work Fund
Trinity Church, Canada Support
T&D Breen Support
PR Retirement Gifts
58.751
250.112
243.901
64,962
290
2,900
2,810
380
275
275
3,945
61
1,875
1.810
61
4.010
216
375
466
125
38
22
16
931
540
391
1.189
250
94
1.282
250
65.946
255.356
251.142
70.160
Net movement in funds - previous year
Openlng
Balance
Incoming
31103122 Resources
B31ance
Ejtpenditure Transfeis 31103123
Unrestricted general funds
Restrirted fund5;.
Newday Youth Camp Fund
Youth Events
8enevolent Fund
Bible Reading Note5 Fund
Commission Festival Fund
70,773
229,737
241.759
58,751
890
975
1,575
290
275
275
3,538
61
1,487
1,080
3,945
61
216
216
Community Work Fund
Trinity Church, Canada Support
T&D Breen Support
PR Retirement Gift5
Ukraine Appeal
73
35
38
2,031
1,429
2rJJ
I,ioo
1,355
2,890
762
931
1,115
2,940
1.189
250
762
80,248
236.254
250,556
65.946
The Youth Events fund is used for incoming and outgoing funds for Christian youth
events that take place throughout the year.
The Newday Youth Camp fund is used for incoming and outgoing funds for the ALC
youth group to attend the 'Newday' annual Christian youth festival
23

ASCOT LIFE CHURCH
The Benevolent Fund is used for donations designated for the support of those in need.
Where such needs arise and the amount available within the restricted fund is
insufficient, these needs are covered from the church's general funds.
The Bible Reading Notes Fund is used to provide people with explanatory notes about
the Bible to promote greater understanding of the Christian faith and of the Bible's
relevance to everyday living. This fund ha5 now been closed as the notes are now
available f ree of charge.
The Commission Festival fund is used for incoming and outgoing funds for the
Commi55ion Festival at which Ascot Life Church joins with other churches from across
the UK for Christian worship, teaching and fellowship. Additional event expenses were
covered f rom general f unds to meet the full costs of this event.
The Community Work fund was derived primarily from donations received from
monthly cornmunity lunch run by ALC until the pandemic lockdown in the spring of
2020. These donations often exceeded the costs of the food for the lunches so the
excess funds are used towards the costs of other community activities provided by the
church.
The Trinity Church, Canada support fund Iformerly Dave Bett5 Support fund) arises from
donations from church member5 designated to support Trinity Church in Red Deer,
Alberta, Canada, led by Oave Betts as he works to rejuvenate what was a struggling
church.
The T&D Breen fund (formerly the Tazmin Foster Support fund) arises from donations
from church members designated for Tazmin and Daniel Breen's support as they work
with 'Youth With A Mission, based in Perth, Australia.
Trustees, Staff and Related Parties Remuneration and Benefits
None of the Trustees have been paid any remuneration or received any other benefits from
employment with the charitable company or a related entity. No trustee expenses have
been incvrred.
The number of church employees was six at the start of the reporting year and six at the end
of the year. Further details are given in the section about Organisation on pages 8-9. No
employee received emoluments in exce55 of £60,000 during the year.
The total remuneration received by the Salaried church minister who deals with the day.to-
day management of the church's activities amounted to £41.133. The remunerated church
minister has beneficial use of the house owned by the church as a manse for living
accommodation, the rental value for which is included in the above figure.
There were no related party transactions in the reporting period that require disclosure.
The aggregated total donations received from trustees and related parties las def ined in the
Charities SORP IFRS 1021 Appendix 11 during 2023-24 amounted to £27,210.
Related Charities
The custodian trustee of the church buildings. Including the church manse, is the 8aptist Union
Corporation Limited (Charity number 2496351, which is controlled by the Baptist Union
Council.
24

ASCOT LIFE CHURCH
The church 15 affiliated to Commission Apostolic Trust (Charity number 11500171 and is also
member of the Baptist Union of Great Britain (Charity number 11259121 and the Southern
Counties Baptist Association (Charity number 1091066). The church is also 3 member of The
Evangelical Alliance (Charity number 2123251.
Financial Commitments
The Charitable Company leases an office photocopierlprinter for which a total of £1,690
(including VATI was chafged in the financial year 2023-24.
Independent Examination
The fee for independent examination of the chtjrch's accounts is expected to amount to
£250.
25