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|Contents|||
|---|---|---|
|Pa e|||
||Information||
|4to9|Trustees' Annual Report||
|10|Independent
Examiner's|Report tothe Trustees|
||Statement ofFinancial Activities||
|12|Balance Sheet||
|13to 20|Notes tothe Accounts||
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|Registered charity number||1147067||||
|---|---|---|---|---|---|
|Other names charity is known|by|Light and Life Free Methodist|||Church|
|Principal address||Light 5LifeCentre||||
|||Water-ma-Trout|Industrial|Estate||
|||Kelston||||
|||Cornwall||||
|||TR13OLW||||
|Chair ofthe Trustees &||Michael Bretton||||
|Lead Pastor||||||
|Bankers||Lloyds Bank||||
|||Market Place||||
|||Penzance||||
|||Cornwall||||
|||TR182TN||||
|Accountants||Lang Bennetts||||
|||Chartered Accountants||||
|||The Old Carriage|Works|||
|||Moresk Road||||
|||Truro||||
|||TR11DG||||
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|Statement ofFinancial|Activities|||||
|---|---|---|---|---|---|
|for the year ended 31stDecember||2021||||
||Unrestricted|Restricted|Endowment|Total|Total|
||Funds|Income|Funds|2021|2020|
|||Funds||||
|Income and||||||
|Endowments
from;||||||
|(Note 3)||||||
|Donations
and Legacies|282,355|48,622||330,977|311,443|
|Other Trading activities|23,354|715||24,069|57,659|
|Investment
income|171|||177|47|
|Total|305,880|49,343||355,223|369,149|
|Expenditure
on:||||||
|(Notes 4-6)||||||
|Charitable
activities|(282,173)|(41,710)||(323,883)|(270,073)|
|Governance
costs|(7,441)|P,720)||(15,161)|(15,260)|
|Other resources expended|(4,807)|(642)||(5,449)|{6,877)|
|Total before other||||||
|recognised
gains and|(294,421)|(50,072)||(344,493)|(292,210)|
|losses||||||
|Loss on property disposal|(3,471)||(11,446)|(14,917)||
|Tots I|(297892}|(50,072)|(11,446)|(359,410)|(292,210)|
|Net
incomel(expenditure)|7,988|(729)|(11,446)|(4,187)|76,939|
|Gross transfers
between
funds|{17,279)|17,279||||
|Net movement
in funds|(9,291)|16,550|(11,446)|(4,187)|76,939|
|Total funds brought
forward
(Note 11)|439,893|513,795|693,456|1,647,144|1,570,205|
|forward|430,602|530,345|682,010|1,642,957|1,647,144|
|
Trustees'
annual report|and accounts forthe y|and accounts forthe y|ear ended|31Decemb|er 2021||
|---|---|---|---|---|---|---|
|Balance Sheet as at|31"December 2021||||||
|||Unrestricted|Restricted|Endowment|Total|'Total|
|||Funds|Income
Funds|Funds|2021|2020|
|Fixed assets|||||||
|Tangible assets|(Note?)|253,964|553,447|558,8T5|1,366,286|1,509,406|
|Current assets|||||||
|Debtors|(Note 8)|41,995|1,083||43,0?8|25,338|
|Cash at bank and in hand||149,310|191,767|123,135|464,212|354,592|
|Total current assets||191,305|192,860|123,136|607,290|3T9,930|
|Creditors: amounts
falling
one year|due within
(Note 9)|(14,667)|(6,504)||(21,171)|(27,531)|
|Net current assetsl(liabilities)||176,638|186,346|123,135|486,119|352,399|
|Total assets less current
assetsl(liabilities)||430,602|739,793|682,010|1,852,405|1,861,805|
|Creditors: amounts
falling
one year|due after
(Note 9)||(209,448)||(209,448)|(214,661)|
||Net assets|430,602|530,345|682,010|1,642,957|1,647,144|
|Funds ofthe Charity|||||||
|Unrestricted
funds||430,602|||430,602|439,893|
|Restricted income funds
(Note 10)|||530,345||530,345|'.513,?95|
|Endowmentfunds||||682,010|682,010|693,456|
|Total funds||430,602|530,345|682,010|1,642,957|1,'647,144|
|Approved
by the trustees and||Signature||Print Name||Date of|
|signed on their behalf||||||approval|
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|INCOME and ENDOWME|NTS||
|---|---|---|
|Recognition of|These are included
in the Statement ofFinancial Activities (SoFA)||
|Resources|when:||
||~
the charity becomes entitled to the resources;||
||~
the trustees are virtually
certain they will receive the resources;||
||and||
||the monetary
value can be measured
with sufficient reliability.||
|Incoming resources|Where incoming resources have related expenditure
(as with fundraising||
|with related|or contract income) the incoming resources
and related expenditure|are|
|expenditure|reported gross in the SoFA.||
|Grants and donations|Grants and donations
are only induded
in the SoFAwhen the charity||
||has unconditional
entitlement
to the resources||
|Tax reclaims on|Incoming
resources
from tax reclaims
are included
in the SoFA at|the|
|donations
and gifts|same time as the gift towhich they relate.||
|Gifts in kind, donated|The church
benefits
from many
voluntary
hours
and unclaimed
out of||
|services and facilities|pocket expenses
contributed
by a large number of people. It would|.be|
|and volunteer
help|impossible
to place a value
on these
gifts
in kind for which
we|are|
||extremely
grateful.||
|Investment
income|This is induded
in the accounts when receivable||
|Endowment
funds|All incoming resources from endowment
funds are restricted.||
|EXPENDITURE AND UABILITIES|||
|Liability recognition|Liabilities
are recognised
as soon as there
is a legal or constructive||
||obligation
committing
the charity to pay out resources.||
##
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Governance|co|sts|Include costs ofthe preparation|||and examination
ofstatutory|||accounts,|
||||the costs oftrustee meetings||and cost||ofany|legal advice to trustees
on||
||||governance
or constitutional||matters.|||||
|ASSETS||||||||||
|Tangible fixed assets
for use by charity|||Tangible
fixed assets are included
at cost, being purchase
price, less
accumulated
depreciation.
Fixed assets under 1500are not capitalised|||||||
||||and are written off in the period|||to which they||relate.||
|Depreciation of||fixed|Depreciation
is provided
at||rates calculated
to write off the||||cost less,|
|assets|||estimated
residual value, ofthe|||asset over its expected useful|||economic|
||||life, as follows:|||||||
||||Fixtures and fittings 20Vo- 25%straight||||line|||
||||Depreciation
has not been charged for||||assets owned for only part ofa|||
||||year.|||||||
|ACCUMULATED||FUNDS||||||||
|Unrestricted|funds||Unrestricted
funds are available|||for use|atthe|discretion ofthe trustees||
||||in furtherance
of the general||objectives||ofthe|charity.||
|Restricted funds|||Restricted funds are subject||to specific||conditions
by donors as to how|||
||||they are to be used. The purposes ofthe restricted funds are||||||set out in|
||||the notes to the accounts|||||||
|3 Analysis|ofincome and endowments
fremi|||||||||
||||Analysis||||2021||2020|
||||||||||K|
|Donations|and|legacies|Donations|||||281,916|256,795|
||||Tax refunded
through|gilt||aid||46,061|41,416|
||||Grants received|||||3,000|6,160|
||||Bequests and legacies||||||7,072|
|||||||Total||330,97T|311,443|
|Other trading activities|||Other income|||||'I7,676|52,545|
||||Letting/hire
income|||||6,393|5,114|
|||||||Total||24,069|57,659|
|Investment|income||Interest receivable|||||177|47|
|||||||Total||17T|47|
##
|Analysis|ofexpendi|ture
on.||||
|---|---|---|---|---|---|
|Charitable|activities|Analysis||||
|||Activities|Support|Total|Total|
|||Undertaken|Costs|2021|2020|
|||directly||||
|Church activities||46,716|277,167|323,883|270,073|
|||||2021|2020|
|SupportCosts||Capitation
(affiliation cast)||9,681|9,216|
|||Salaries (note 6)||198.564|148.043|
|||Trave(ling expenses||2,576|2,007|
|||Hire ofhalls||2,908|3,467|
|||Telephone||1,182|1,340|
|||Insurance||2,650|4,759|
|||Rent||20,700|20,600|
|||Rates||4,323|3,955|
|||Repairs and maintenance||8,573|6,791|
|||Light, heat and water||8,427|10,422|
|||Office and administration|expenses|13,519|11,962|
|||Website||737|380|
|||Licences||3,327|2,512|
||||Total|277,167|225,454|
|Total expenditure.||||||
|||Charitable
activities||323,883|270,073|
|||Governance
costs||15.161|15,260|
|||Other -depreciation||5,449|6,877|
||||Total|344,493|292,210|
##
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|Details ofcertain ite
5.1Trustees' expenses|ms ofexpenditure|||||
|---|---|---|---|---|---|
|||||2021|2020|
|Number oftrustees who were paid expenses||||||
|Travelling
expenses||||||
|Total amount
paid||||||
|5.2Fees for examination|ofthe accounts|||||
|||||2021|2020|
|Independent
examiner's
accounts|or auditors' fees for|reporting|on the|1,000|1,000|
|Other fees (forexample: advice, consultancy,
services} paid to the independent
examiner||accountancy||5,080|5,011|
##
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|6.1Staff|Costs||||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Gross wages, salaries|||177,367|138,571|
|Employer's|National|Insurance costs|10,7'I3|2,990|
|Pension costs|||10,484|6,482|
|Total staff|costs||198,564|148,043|
##
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||||||Freehold|Fixtures,|Total||
|---|---|---|---|---|---|---|---|---|
||||||land a|fittings and|||
||||||buildings|equipment|||
|||Cost Balance|brought forward||1,496,237|60,512|1,556,749||
|||Additions|||7,133||7,133||
|||Disposal|||(144,805)||(144,805)||
|||Cost Balance|carried forward||1,358,565|60,512|1,419,077||
|||Depreciation|Balance brought|forward||(47,342)|(47,342)|I|
|||Depreciation|charge foryear|||(5,449)|(5,449),
'||
|||Depreciation|Balance carried|forward||(52,791)|(52,791)||
|||Net BookValue Brought forward|||1,496,237|13,170|1,509,407||
|||Net Book Value Carried forward|||1,358,565|7,?21|1,366,286||
||Debtors|and prepayments|||||||
||Analysis|ofdebtors|||||||
||Amounts|falling due within one year||||2021|2020||
||Grant receivable||||||1,000||
||Rental deposit|||||1,300|1,300||
||Wages|||||10,501|8,035||
||Gift aid|||||26,157|9,573||
||Prepayments|||||5,120|5,430||
||||||Total|43,078|25,338||
##
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|Fund Name|Fund Type|Purpose and Restrictions|
|---|---|---|
|Building
Fund —Heiston|PE|Acquisition
and conversion ofchurch
remises|
|Building
Fund - Pool|EE|Acquisition
and conversion ofchurch
remises|
|Helston
Building
Fund||Building and conversion
ofchurch
remises|
|Hayie Church Development||Fordevelopment
ofthe church
in|
|Fund||Ha ie|
|Missionary
Fund||Tosupport
church planting
within
Comwall|
|Pastoral Support - Penzance||Support the pastor with additional
trainin
and mentorin|
|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|
|Other||Yarious donations
forspecific
u
oses|
##
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|ments
ofmajor fun|ds|||||
|---|---|---|---|---|---|
|Fund names|Fund|Incoming|Outgoing|Transfers|Fund|
||balances|resources|resources||balances|
||brought||||carried|
||forward||||forward|
|Unrcstricted-
Other|173,273|305,8&0|(297,892)|(17,279)|163,982|
|Unrestricted-
Buildin
s|266,620||||266,620|
|Unrestricted—
Total|439.893|305,880|(297,892)|(17,279)|430,602|
|Endowment||||||
|Building
Fund
Helston|552,675||||552,675|
|Building
Fund Pool|140,781||(11,446)||129,335|
|Total Endowment|693,456||(11,446)||'682,010|
|Restricted||||||
|Helston
Building|178,508|840|(8,362)|14,225|185,211|
|Hayle Church
Develo
ment Fund|159,900||(2,370)||157,530|
|Changing
Room
Fund|927|||||
|Falmouth
Acts 4
Fund|3,528|3,515|(1,150)|(320)|5,573|
|Falmouth Weekend
Awa||3,721|(5,121)|1,846|446|
|Missionary
Fund|24,663|12,813|(7,000)||30,476|
|Pastoral Support—
Penzance|1,171||||1,171|
|Penzance
Building
Fund|125,285||||125,290|
|Penzance Acts 435
Fund||150|||150|
|Missionary—
Church s ecific|18,948|13,987|(17,888)|1,325|16,372|
|The training
centre
Pool|263||||263|
|Giddens
Support
fund|626|1,500|(1,875)||251|
|Other|(24)|12,812|(6,306)|203|6,6&5|
|Total Restricted|513,795|49,343|(50,072)|17,279|530,345|
##
|Total Funds|1,647,144|355,225
(359,412}||1,642,95?|
|---|---|---|---|---|
|From Fund|To Fund (Name)|Reason||Amount|
|(Name)|||||
|Individual|General fund (U)|Support forthe administration|of|18,858|
|churches||the charity and to pay the|||
|unrestricted||affiliation fees foreach church|||
|funds|||||
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