2020-12-31-accounts

ontents
Pa e
	Information
4to9	Trustees' Annual Report
10	Independent Examiner's	Report to the Trustees
	Statement ofFinancial Activities
12	Balance Sheet
13to 20	Notes tothe Accounts

Registered charity number	Registered charity number	1147067
Other names charity is known by		Light and Life Free Methodist			Church
Prindpal	address	Light &Ufe Centre
		Water-ma-Trout	Industrial	Estate
		Helston
		Cornwall
		TR13OLW
Chair of	the Trustees &	Michael Bretton
Lead Pastor
Bankers		Lloyds Bank
		Market Place
		Penzance
		Cornwall
		TR182TN
Accountants		Lang Bermetts
		Chartered Accountants
		The Old Carriage	Works
		Moresk Road
		Truro
		TR11DG

Signature
FuII name	i	i~a~'y l)+vip	pig +g	~ /C IMC Q ~+gd&~rD	Q+~JFPM
Position		iRMsffe		@gus&~
Date

or the year ended 31	stDecembe	r 2Q2Q
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	income	Funds	2020	-2019
		Funds
iricome arid
Endowments from:
(Note 3)
Donations and Legacies	279,292	32,151		311,443	295,235
Other Tiading activities	54,219	3,440		57,659	65,184
investment income	24	23		47
Total	333,535	35,614		369,149	360,472
Expenditure on:
(Notes 4-6)
Charitable activities	(246,040)	(24,033)		(270,073)	(320,695)
Governance costs	{7,240)	(8,020)		{15,260)	i{24,683)
Otherresources expended	(5,544)	(1,333)		(6,877)	(6,165)
Total before other
recognised gains and	(258,824)	(33,386)		(292,210)	(351,543)
tosses
Impairment ofproperty
Loss on property disposal
	(258,824)	(33,386)		(292,210)	{351,543)
Net incomel(expenditure)	74711			76,939
Gross transfers between funds	(8,313)	8,313
Net movement in funds	66,398			76,939	8,929
Total funds brought forward (Note 1'I)			693,458	1+70~5	1+61+76
Total funds camed forward		5'I3,795	693,456	1,647,144	1,570QAL5

			unrestrIcted	Restricted	Endowment	TOtal	Total
			Funds	Income Funds	Funds	2020	2019
Fixed assets
Tangible assets		(Note 7)	246,935	560,865	701,606	1,509,406	1,510,650
Current assets
Debtors		(Note 8)	25,288	50		25,338	27,918
Investment		(Note 7)
Cash at bank and in hand			179,405	175,337	(150)	354,592	287,047
Total	current assets		204,693	175,387	(150)	379,930	314,965
Creditors- amounts one year	fallIng	due wIthIn (Note 9)	(11,735)	(7,796)	(8,000)	(27,531)	(38,190)
Net current assetsltiiabiiities)			192,958	167,591	(8,150)	352,399	276,775
Total assets less current assets/(liabilities)			439~93	?28 L56	693 K6	1,861,805	1,?8?
Creditors: amounts one year	falling	due after (Note 9)		(214,661)		(214,661)	(217,220)
		Net assets	439,893	513,795	693,456	1,647,144	1,570,205
Funds ofthe Charity
Unrestricted funds			439,893			439,893	373,495
Restricted income (Note 10)	funds			513,795		513,795	503,254
Endowment funds					693,456	693,456	693,456
'Total funds			439,893	513,795	693,456	1,647,144	1,570,205
Approved by the trustees and			Signature		Print Name		Date of
signed on their behalf							approval
					ftoeofY DheiQ s		N/~/~
					~,ChaEC C=OPHnh P'lCeW~

3	Analysis	ofincome and	endowments from:
			Analysis		2020	2019
	Donations	and legacies	Donations		256,795	250,474
			Tax refunded through	gift aid	41,416	37,170
			Grants received		6,160	7,591
			Bequests and legacies		7,072
				Total	311,443	295,235
	Other trading activities		Other income		52,545	49,004
			Lettin /hire income		5,114	16,180
				Total	57659	65,184
	Investment	income	Interest receivable		47	53
				Total	47	53

Charitable	activities	Analysis	Analysis
		Activities			Support	Total	Total
		Undertaken			Costs	2020	2019
		directly
Church activities				44,620	225,454	270,073	320,695
Total				44,620	225,454	270,073	320,695
						2020	2019
Support	Costs	Capitation	(affiliation cost)			9,216	10,592
		Salaries (note		6)		148,043	158,833
		Travelfing	expenses			2,007	11,456
		Hire ofhalls				3,467	20,399
		Telephone				1,340	1,640
		Insurance				4,759	3,414
		Rent				20,600	20,200
		Rates				3,955	4,864
		Repairs and maintenance				6,791	8,943
		Light, heat	and	water		10,422	10,314
		Office and	administration		expenses	11,962	11,076
		Website				380	580
		Licences				2,512	2,344
					Total	225,454	264,655
Total expenditure:
		Charitable	activities			270,073	320,695
		Governance	costs			15,260	24,683
		Other -depreciation				6,877	6,165
					Total	292,210	351,543

					Freehold	Fixtures,	Total
					land 8	fittings and
					buildings	equipment
			Cost Balance	brought forward	1,496,237	54,878	1,551,115
			Additions			5,634	5,634
		-	Cost Balance	carried forward	1,496,237	60,512	1,556,749
			Depreciation	Balance brought forward		(40,465)	(40,465)
			Depreciation	charge foryear		(6,877}	(6,877}
			Depreciation	Balance carried forward		(47,342)	(47,342)
			Net BookValue Brought forward		1,496,237	14,413	1,510,650
			Net BookValue Carried forward		1,496,237	13,170	1,509,407
	Debtors	and prepayments
	Analysis	ofdebtors
	Amounts	falling due within one year				2020	2019
	Grant receivable					1,000	1,591
	Rental deposit					1,300	1,300
	Wages					8,035	7,912
	Gift aid					9,573	11,125
	Prepayments					5,430	5,990
					Total	25,338	27,918

Fund Name	Fund Type	Purpose and Restrictions
Building Fund - Helston	PE	Acquisition and conversion ofchurch remises
Building Fund —Pool	PE	Acquisition and conversion ofchurch emises
Helston Building Fund		Building and conversion ofchurch remises
Hayle Church Development		For development ofthe church in
Fund		Ha le
Missionary Fund		Tosupport church planting within Cornwall
Pastoral Support - Penzance		Support the pastor with additional trainin and mentonn
Penzance Building Fund		Funds to buy a building premises for the Church
Missionary —Church specific		Funds to support missionary work outside the local Churches
G Musser —study support		Supporting the study ofG Musser
Continued. ..

Other	Various donations	for specNc
	u oses

Fund names	Fund	Incoming	Outgoing	Transfers	Fund
	balances	resources	resources		balances
	brought				carried
	forward				forward
Unrestricted— Other	106,875	333,535	(258,824)	{8,313)	173,273
Unrestricted- Buildin s	266,620				266,620
Unrestricted— Total	373,495	333,535	(258,824)	(8,313)	439,893
Permanent Endowment
Building Fund Helston	552,675				552,675
Building Fund Pool	140,781				140,781
Total Endowment	693,456				693,456
Restricted
Helston Building	'l82,328	5,054	(9,287)		178,508
Hayle Church Devel ment Fund	155,707		(2,807)	7,000	159,900
Changing Room Fund	927				927
Falmouth Act4 Fund	(123)	4,151	(500)		3,528
Missionary Fund	14,720	12,443	(2,500)		24,663
Pastoral Support— -Penzance	1,171				1,171
Penzance Building Fund	125,262	23			125,285
Missionary- Church s ecific	22,772	12,443	(17,167)	900	18,948
The training centre Pool	263				263
GiddensSupport fund	251	1,500	(1,125)		626
Other	(24)				(24)

Total	Restricted	503,254	35,614	(33,386)	8,313	513,795
Total	Funds	1,570,205	369,149	P92,210)		1,647,144

From Fund	To	Fund	(Name)	Reason		Amount
(Name)
Individual	General	fund	(U)	Support for the administration	of	29,328
churches				the charity and to pay the
unrestricted				affiliation fees foreach church
funds U