LIFE LINK LLANDRINDOD UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
Life Link Llandrindod
Reference and Administrative Details
For the Year Ended 31 March 2022
The Trustees, who are also directors for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.
Company No. 08102521 Charity No. 1148139 Principal Office: New Life Pentecostal Church Spa Road East Llandrindod Wells Powys LD1 5ES Registered Office: New Life Pentecostal Church Spa Road East Llandrindod Wells Powys LD1 5ES
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
T J Rowlands P M Stevens J M Rollin J I Davies
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Life Link Llandrindod Trustees Annual Report For the Year Ended 31 March 2022 Objectives and aim5". Tliis charity was set up b> New Life Chiirch (noi¥ known as Festii'al Church Llandrindod) lo run the social eiiterprise side ofilie church acti ilies and since its in¢eption this has cov¢red a range of activities. The main activity whi¢li cc)ntinues siiice Covid and the resulting restrictions is the Pre- school, Jigsaw, and th¢ fo¢us has b¢en, as in the last t,0 years, lo ¢nsur¢ th¢ ¢i)ntinued provision of good quali1> and alTordable uare for pre-schoc)l age children, enabling them to advance their education by providing support and activities which d¢v¢lop their skills, ¢apa¢iti¢s and capabilities and prepare them for Ihe transition lo school. Aehievements and performanee: The Pre-school reniained open during the final periods of lockdown and despite the usual reduction in numbers at the beginning of the academic year, September 2021, ,hen a number of children move on to school, Ihe places JiESall, has to offer both under goven)ment funded schemes and as chargeable hours were quickly filled and for the rest of the financial year the Pre-school operated at full capacity. During this lime changes to Life Link's Articles of Association w'ere required so that this charity could be separated from New Life Pentecostal Church to enable the latter to join with the Festival Group of Churches. The Articles of Association for Life Link were amended by means of a Written Resolution of tl)e trustees and filed. Following this a five-year lease was drawn up by New Life Pentecostal Church to confirm the tertns on Trvhich Life Link uses part of the premises owned by the church. The lease Thas filed '1th the Land Registry on 21 st January 2022. A Shared Services Agreetnent was draw'n up to dcfinc the day-to-day relationship between the two cotnpanies. Financial Review: F undiiig und¢r the governmeyjt schemes - Flying Start Scheme, 3-Year Olds scheme and AFC {Actioi) for Childrcn)- allowcd the Pre-scliool to fill all thc placcs and cmploy a full complcinent of stsff. No stsff were lost during Il)e t.0 year of pandemic restrictions. Jigsaw's incoine froin paid places inca5¢d in the Vcar a5 the tiine spent fuiictioning as a Hub for Ilic local arca re5ultcd in more parents decidiiig to keep their childrei) in the Pre-scliool ratlier than reluniing to ¢hildcare facilities t1)e had used pr¢-pandemi¢, a numb¢r of whi¢h liad, in this lime, ¢los¢d down. Grants were r¢¢¢iv¢d for th¢ pur¢has¢ of ¢qiiipinent and for refurbishing areas in tlie building used Cxclusively by the pre-sLhool. Essential repairs and improvcments were made. The company's Reserves Policy was adopted by the trustees and funds equivalent to three-months, of expenditure were pul into a separate a¢counl wilh Monmouth Building So¢i¢ty. The compan! continues to hold suificient funds in the current account to cover one month's average expenditure. Introduction with effect from April 2021 of an accounting software package has improved the a¢¢ura¢y of data input and monthly reporting. Future Plans: For Jigsaw, to continue lo provide the best possible quality of education for children from two years old to the age when they can start sch(M)l. For Life Link to continue to work with the Festival Church Cio, to establish new patterns of working with the church's new pastors and ensure the stllooth running of day-to-day operations.
Structure* governance and management: At 31 st March, 2022 there were four trustees, T J Rowlands (Chair), P M Stevens (Company Secretsry). J M Rollin, J l Davies The trustecs offer thcir Seic¢S on a voluntary basis and thc value of their cxpcrtisc and expcricncc, as well as their dedication to the stllooth running of the charity, is regularly noted and appreciated.
Life Link Llandrindod
For the Year Ended 31 March 2022
Respective Responsibilities of Trustees and Examiner
The trustees (who are also the directors of the company for the purposes of company law) are required for this year under section 144 of the Chariti independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
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To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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To state whether particular matters have come to my attention.
My examination was carried out in accordance with 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 disclosure in the accounts and seeking explanation from the trustees concerning any such matter. The procedures undertaken do not provide all the evidence that would be required in an audit, report is limited to those matters set out in the statement below.
Independent Statement
In connection with my examination, no matter has come to my attention: -
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1) Which gives me reasonable cause to believe that in, any material respect, the requirements: Accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
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The accounts do not accord with such records;
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relevant accounting requirements under section 296 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS 102);
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Any matters which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
N Parry Accountancy Ltd 38 Parc Yr Irfon Builth Wells Powys LD2 3NG
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Life Link Llandrindod
Statement of Financial Activities
For the Year Ended 31 March 2022
| Income (Note 3) Income and endowments from: Charitable activities Investments Total Expenditure (Note 5) Expenditure on: Charitable activities Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 Total funds 2021 Total funds £ £ £ 240,962 240,962 240,305 9 9 - |
|---|---|
| 240,971 240,971 240,305 |
|
| 198,582 198,582 194,101 |
|
| 198,482 198,582 194,101 |
|
| 42,388 42,388 46,204 |
|
| 42,388 42,388 46,204 |
|
| 49,250 49,250 3,046 91,638 91,638 49,250 |
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Life Link Llandrindod
Balance Sheet
For the Year Ended 31 March 2022
| Fixed assets Tangible assets (Note 9) Total fixed assets Current assets Debtors (Note 10) Cash at bank and in hand (Note 12) Total current assets Creditors: amounts falling due within one year (Note 11) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 11) Total net assets or liabilities Funds of the Charity Unrestricted funds Total funds |
Unrestricted funds 2022 Total 2021 Total £ £ £ 17,464 17,464 5,555 |
|---|---|
| 17,464 17,464 5,555 |
|
| 7,276 7,276 4,580 77,107 77,107 48,128 |
|
| 84,383 84,383 52,708 |
|
| 10,209 10,209 9,013 |
|
| 74,174 74,174 43,696 |
|
| 91,638 91,638 49,250 |
|
| - - - |
|
| 91,638 91,638 49,250 |
|
| 91,638 91,638 49,250 91,638 91,638 49,250 |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Signed on behalf of all the trustees/directors :
Oct 3, 2022
Company Number 08102521 Charity Number 148139
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Life Link Llandrindod
Notes to the Accounts
For the Year Ended 31 March 2022
Note 1. Basis of preparation
1.1 Basis of accounting
These accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 1.
Note 2. Accounting Policies
2.1 INCOME
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources;
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the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Government grants
The charity has received government grants in the reporting period.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the t.
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Life Link Llandrindod
Notes to the Accounts (continued)
For the Year Ended 31 March 2022
2.2 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
2.3 ASSETS
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and collectively cost at least £100.
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Related Party Transactions and Trustees' Expenses and Remuneration
The trustees all give freely their time and expertise without any form of renumeration or other benefit in cash or kind (2021: nil).
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
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Life Link Llandrindod
Notes to the Accounts (continued)
For the Year Ended 31 March 2022
Note 3. Income
| Note 3. Income | |
|---|---|
| Analysis of income Charitable activities: Flying start Jigsaw Room Hire Action For Children 3-year funding Grants CCAS Other Total Income from Investments: Interest income Total TOTAL INCOME |
Unrestricted funds Restricted income funds Total funds 2021 Total Funds £ £ 41,325 - 41,325 44,536 66,224 - 66,224 43,677 - - - - 6,556 - 6,556 - 104,577 - 104,577 87,564 20,316 - 20,316 15,765 - - - 48,429 1,964 - 1,964 334 |
| 240,962 - 240,962 240,305 |
|
| 9 - 9 44,536 |
|
| 9 - 9 44,536 |
|
| 240,971 - 240,971 240,305 |
Note 4. Analysis of receipts of government grants
| 2021 | |||||
|---|---|---|---|---|---|
| Description | £ | ||||
| Grant | 1 | Powys County Council - Covid Recovery grant | |||
| 2,902 | |||||
| Grant | 2 | Soil Association | |||
| 150 | |||||
| Grant | 3 | Powys County Council | New Curriculum costs grant | ||
| 5,000 | |||||
| Grant | 4 | Powys County Council | To cover increased cost for 3 year old setting | ||
| 1,557 | |||||
| Grant | 5 | Powys County Council | Sustainability grant to cover increased cost for | Jigsaw | |
| 1,077 | |||||
| Grant | 6 | Powys County Council | To buy equipment/resources for Jigsaw | ||
| 4,000 | |||||
| Grant | 7 | Powys County Council | Childcare grant | ||
| 5,630 | |||||
| Total | 20,316 |
2021: 15,765
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Life Link Llandrindod
Notes to the Accounts (continued)
For the Year Ended 31 March 2022
Note 5. Expenditure
| Expenditure on charitable activities: Wages - Flying Start Wages - Jigsaw Wages - 3-year-old funding Wages - Life Link Wages - Covid Hub Snacks Pension Payments - Employer Employer NI Training Grant expenditure Utilities Equipment Building maintenance Accommodation costs Insurance Office supplies Professional fees Accountancy Depreciation Total expenditure on charitable activities TOTAL EXPENDITURE |
2022 2021 Unrestricted funds Total funds Total funds £ £ 32,763 32,763 16,092 64,281 64,281 57,838 33,479 33,479 22,035 25,840 25,840 19,768 - - 26,761 3,414 3,414 5,695 2,717 2,717 2,201 4,996 4,996 2,475 - - 388 - - 11,276 - - 2,835 6,281 6,281 3,403 1,671 1,671 6,485 10,000 10,000 10,000 603 603 - 1,694 1,694 1,132 5,930 5,930 3,352 1,954 1,954 1,522 2,960 2,960 843 198,582 198,582 194,101 198,582 198,582 194,101 |
|---|---|
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Life Link Llandrindod
Notes to the Accounts (continued)
For the Year Ended 31 March 2022
Note 6. Fees for examination of the accounts
| Assurance services other than independent examination Tax advisory fees Other fees for operating payroll |
2022 2021 £ £ 625605 -- -- 1,329 1,136 1,9541,741 |
|---|---|
Note 7. Paid employees
7.1 Staff Costs
| Note 7. Paid employees 7.1 Staff Costs |
|
|---|---|
| Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits Total staff costs |
2022 2021 £ £ 156,363 142,493 4,996 2,475 2,717 2,201 - - |
| 164,075 147,169 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 (2021:nil)
Note 8. Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.
| Amount of contributions recognised in the SOFA as an expense |
2022 2021 £ £ 2,717 2,201 |
|---|---|
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Life Link Llandrindod
Notes to the Accounts (continued)
For the Year Ended 31 March 2022
Note 9. Tangible fixed assets
9.1 Cost or valuation
| 9.1 Cost or valuation | |||||
|---|---|---|---|---|---|
| Equipment | Office equipment and | Improvements to | Total | ||
| computers | property | ||||
| £ | £ | £ | £ | ||
| At the beginning of the year | 9,864 | 2,468 | 1,660 | 13,992 | |
| Additions | 14,305 | 574 | - | 14,879 | |
| Revaluations | - | - |
- |
- | |
| Disposals | - | - |
- |
- | |
| At end of the year | 24,169 | 3,042 | 1,660 | 28,871 | |
| 9.2 Depreciation and impairments | |||||
| Basis | Reducing Balance | Reducing Balance | Straight Line | ||
| Rate | 15% | 15% | 20 years | ||
| At beginning of the year | 6,852 | 1,181 | 414 |
8,447 | |
| Disposals | - | - |
- |
- | |
| Depreciation | 2,597 | 279 | 83 |
2,960 | |
| Impairment | - | - | - | - | |
| At end of the year | 9,450 | 1,460 | 497 | 11,407 | |
| 9.3 Net book value | |||||
| Net book value as at 31 March | 3,012 | 1,297 | 1,246 |
5,555 | |
| 2021 | |||||
| Net book value as at 31 March | 14,719 | 1,582 | 1,163 | 17,464 | |
| 2022 |
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