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2020-12-31-accounts

LIFE CHURCH WARRINGTON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Registered Charity number 1150794

CONTENTS

Page
Charity Information 3
Trustees Report 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of cash fows 8
Notes to the Accounts 9 – 12

2

CHARITY INFORMATION

CHARITY NUMBER:

1150794

GOVERNING INSTRUMENT:

Charitable Incorporated Organisation, dated February 2013

TRUSTEES:

L. Dewhirst G. Baird D. Akerman S. Dewhirst

E. Baird

C. Prest

F. Avery H. Seals

I. Jones

E. Morris

M. Simcock

PRINCIPAL ADDRESS:

269 Liverpool Road Warrington WA5 1RD

INDEPENDENT EXAMINER:

J. Sharratt ACA 238 Upton Lane Widnes WA8 9AJ

BANKERS:

Lloyds Bank plc

3

Horsemarket Street Warrington WAI IXN

REPORT OF THE TRUSTEES

The Trustees present their Report and Financial Statements for the year ended 31 December 2020

OBJECTIVES, ORGANISATION AND ACTIVITIES

Life Church Warrington is governed via a constitution, and is constituted as a charitable incorporated organisation, charity number 1150794.

The main activity of the charity is the operation of a local Christian church in arrangement of Sunday services and community group meetings, as well as supporting other charitable organisations.

The church meets weekly in Latchford, West Warrington, Cinnamon Brow and Lymm. The church runs a number of community-based projects, including parents and tot’s groups, debt counselling, children’s and youth groups, and provision of a weekly meal for the local community. The charity also regularly supports anti-human trafficking charities and projects relating to clean water and education globally.

The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to manage those risks.

The objects of the charity are:

RESERVES POLICY

The trustees operate a policy of holding 3 months’ running costs in reserves. The core running costs of the charity were £7,000 a month in 2020 so £21,000 is held in reserves.

REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS

Full details of the financial transactions are contained in the attached financial statements. The total incoming resources for the year were £202,356, and the total expenditures were £141,704, giving a net income of £60,652.

Total net assets at 31 December 2020 are £175,598.

Approved by the trustees on 09/09/21 and signed on their behalf by

5

L. Dewhirst

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE CHURCH WARRINGTON YEAR ENDED 31 DECEMBER 2020

I report on the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 12.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

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 accounts, 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.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

6

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J. Sharratt ACA 238 Upton Lane Widnes WA8 9AJ

LIFE CHURCH WARRINGTON STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

Not Unrestrict Total Unrestrict Total
e ed Funds Funds ed Funds Funds
2020 2020 2019 2019
£ £ £ £
INCOME
Voluntary income 202,338 202,338 221,400 221,400
Interest income 18 18 9 9
––––––– ––––––– ––––––– ––––––
GROSS INCOME 2 202,356 202,356 221,409 221,409
EXPENDITURE
Direct charitable 3 (141,704) (141,704) (193,967) (193,967)
expenditure
––––––– ––––––– ––––––– –––––––
NET INCOME/ 4 60,652 60,652 27,442 27,442
(DEFICIT)
––––––– ––––––– ––––––– –––––––
RECONCILIATION OF
FUNDS
Total funds brought forward 114,946 114,946 87,504 87,504
––––––– ––––––– ––––––– –––––––
Total funds carried forward 175,598 175,598 114,946 114,946
––––––– ––––––– ––––––– –––––––

7

LIFE CHURCH WARRINGTON

BALANCE SHEET

AS AT 31 DECEMBER 2020

FIXED ASSETS
Tangible Assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
LIABILITIES
Creditors: Amounts falling due within one
year
NET CURRENT ASSETS
NET ASSETS
FUNDS OF THE CHARITY
Unrestricted income funds
TOTAL CHARITY FUNDS		 2020
2019
£
£
9,887
10,855
2,879
3,789
166,25
1
102,47
8
3,419
2,176
165,71
1
104,09
1
175,59
8
114,94
6
175,59
8
114,94
6
175,59
8
114,94
6

9

LIFE CHURCH WARRINGTON

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2020

Cash fows from operating
activities:
Net cash provided by operating
activities
10
Cash fows from investing
activities:
Purchases of tangible fxed assets
Interest received
Net cash used in investing
activities
Cash fows from fnancing
activities:
Net cash provided by fnancing activities
Change in cash and cash
equivalents in the reporting
period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of
the reporting period
11		 2020
2019
£
£
66,083
26,083
(2,328)
(3,793)
18
9
(2,310)
(3,784)
-
-
63,773
22,299
102,478
80,179
166,251
102,478

The financial statements were approved by the trustees on 9 September 2021 and signed on their behalf by:

10

L. Dewhirst

LIFE CHURCH WARRINGTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with The Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), effective January 2015, and the requirements of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with The Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

Fixed Assets

All fixed assets are held under the historical cost model.

Depreciation

Depreciation is calculated to write off the cost of all tangible assets over their expected useful lives.

All tangible fixed assets held at 31 December 2020 relate to equipment, which is depreciated on a 25% reducing balance basis.

2. INCOME

General
oferings
Gift Aid		 Unrestrict
ed funds
2020
Total
funds 2020
Unrestricte
d funds
2019
Total
funds 2019
£
£
£
£
168,121
168,121
183,039
183,039
34,235
34,235
38,370
38,370
202,356
202,356
221,409
221,409

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3. EXPENDITURES

Charitable gifts
Staf costs
Rental expense
Departments
Depreciation		 Unrestrict
ed funds
2020
Total
funds
2020
Unrestricte
d funds
2019
Total
funds
2019
£
£
£
£
26,991
26,991
57,501
57,501
83,030
83,030
85,292
85,292
11,231
11,231
20,850
20,850
17,156
17,156
26,706
26,706
3,296
3,296
3,618
3,618
141,704
141,704
193,967
193,967

4. NET INCOME

Net income for the year is stated after charging:

2020 2019
£ £
Depreciation 3,296 3,618
Independent examiner’s 0 0
fee

5. STAFF COSTS AND EMOLUMENTS

2020 2019
£ £
Wages and salaries 77,026 78,335
Pension contributions 6,004 6,957

Details of employees:

The average headcount, calculated on the basis of full-time equivalents, was as follows:

2020 2019
Number of staf 3 3

12

No employee received remuneration over £60,000 in the year (2019 – Nil)

6. TRUSTEE REMUNERATION

The figure for total trustee remuneration (inclusive of pension contributions) is broken down as follows:

2020 2019
£ £
Lukas Dewhirst 29,608 27,760
David Akerman 25,881 24,934

7. TANGIBLE FIXED ASSETS

7. TANGIBLE FIXED ASSETS
Equipme
nt
COST £
At 1 January 2020 21,633
Additions 2,328
At 31 December 2020 23,961
ACCUMULATED DEPRECIATION
At 1 January 2020 10,778
Charge for the year 3,296
At 31 December 2020 14,074
NET BOOK VALUE
At 31 December 2020 9,887
At 31 December 2019 10,855
8. DEBTORS
2020
2019
£
£
Gift aid receivable 2,879
3,789

13

9. RELATED PARTY TRANSACTIONS

Two of the trustees were paid during the year as employees of the charity, with emoluments totalling £55,489 as detailed in note 6 (2019 – £52,694).

10.

14

10. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2020 2019
£ £
Net income for the period
(as per the statement of fnancial activities)		 60,652 27,44
2
Interest income (18) (9)
Depreciation charge 3,296 3,618
Increase in creditors 1,243 (3,70
4)
Decrease in debtors 910 (1,26
4)
66,083 26,08
3
11.
ANALYSIS OF CASH AND CASH EQUIVALENTS
2020 2019
£ £
Cash in hand and at bank 166,25 102,47
1 8

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