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2021-12-31-accounts

LIFE CHURCH WARRINGTON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Registered Charity number 1150794

CONTENTS

Page
Charity Information 3
Trustees Report 4
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of cash fows 9
Notes to the fnancial statements 10 –
13

2

CHARITY INFORMATION

CHARITY NUMBER:

1150794

GOVERNING INSTRUMENT:

Charitable Incorporated Organisation, dated February 2013

TRUSTEES:

F. Avery H. Seals I. Jones

PRINCIPAL ADDRESS:

269 Liverpool Road Warrington WA5 1RD

INDEPENDENT EXAMINER:

BANKERS:

J. Sharratt ACA 238 Upton Lane Widnes WA8 9AJ 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 2021.

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. Life Church has continued to meet across Warrington during 2021 and it has been good to see our churches reconnecting in person following the Covid restrictions that were in place for much of 2020. Our churches continued to meet and serve the communities of Cinnamon Brow, Latchford, Lymm and West Warrington.

We were able to transition the Golborne Church which we had been overseeing into new leadership. A new pastor was employed by the Golborne Church from 1st December 2021. He brings a wealth of leadership experience and we are grateful for his leadership of Life Church Golborne moving forward.

During 2021 we saw a town centre missional community begin to meet on Friday lunchtimes led by Graeme and Elizabeth. It is their desire to be a presence and a witness in the town centre each week, offering prayer and discipleship to those who gather.

Our Love Your Neighbour ministries have continued to serve people across the town of Warrington. Our CAP centre serves those who find themselves in debt, The Vine Team continue to serve the rough sleepers in Warrington by taking food and prayer to the streets on Monday evenings, as well as providing a weekly hot meal to the town centre accommodation on Museum Street. Our Pantry Pastors based in each of our churches support households with food as needed and our Early Essentials Team provides practical help for new mothers in the town. TLG continues to mentor and support children and young people through our schools initiative. I am grateful to each of the teams that lead and serve in these vibrant ministries serving people in Jesus name across Warrington.

In July 2021 we were given a building in Orford by a church fellowship that felt it was time for them to hand on their building to another church. Life Church Warrington took ownership of The Bethel Church building on Cotswold Road in Orford and we plan to plant Life Church Orford in the building during 2022. We now use the building for our Friday evening Youth gathering as well as a place for our music bands to practice and as a place for our Cantonese service to be hosted. We are in discussions with The Message Trust to see a Community Grocery opened on the site to serve the people of Orford and the wider town of Warrington. We also currently use the Bethel building as offices for some of our staff.

I would like to place on record my thanks to all who call Life Church Warrington their spiritual home.

5

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 £14,000 a month in 2021 so £42,000 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 £199,827, and the total expenditures were £190,941, giving a net income of £8,886.

Total net assets at 31 December 2021 are £184,484.

Approved by the trustees and signed on their behalf by

L. Dewhirst

6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE CHURCH WARRINGTON YEAR ENDED 31 DECEMBER 2021

I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 8 to 14.

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:

(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

7

WA8 9AJ

LIFE CHURCH WARRINGTON STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Not Unrestrict Total Unrestrict Total
e ed Funds Funds ed Funds Funds
2021 2021 2020 2020
£ £ £ £
INCOME
Voluntary income 199,821 199,821 202,338 202.338
Interest income 6 6 18 18
––––––– ––––––– ––––––– ––––––
GROSS INCOME 2 199,827 199,827 202,356 202,356
EXPENDITURE
Direct charitable 3 (190,941) (190,941) (141,704) (141,704)
expenditure
––––––– ––––––– ––––––– –––––––
NET INCOME/ 4 8,886 8,886 60,652 60,652
(DEFICIT)
––––––– ––––––– ––––––– –––––––
RECONCILIATION OF
FUNDS
Total funds brought forward 175,598 175,598 114,946 114,946
––––––– ––––––– ––––––– –––––––
Total funds carried forward 184,484 184,484 175,598 175,598
––––––– ––––––– ––––––– –––––––

8

LIFE CHURCH WARRINGTON

BALANCE SHEET

AS AT 31 DECEMBER 2021

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		 2021
2020
£
£
18,242
9,887
2,430
2,879
165,16
9
166,25
1
1,357
3,419
166,24
2
165,71
1
184,48
4
175,59
8
184,48
4
175,59
8
184,48
4
175,59
8

10

LIFE CHURCH WARRINGTON STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2021

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		 2021
2020
£
£
13,348
66,083
(14,436
)
(2,328)
6
18
(14,430
)
(2,310)
-
-
(1,082)
63,773
166,251
102,478
165,169
166,251

The financial statements were approved by the trustees on 4 May 2022 and signed on their behalf by:

11

L. Dewhirst

LIFE CHURCH WARRINGTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

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. The charity was given a new building in 2021 but it is carried at its cost of zero. Only the legal fees associated with acquiring the property and the fixtures and fittings capital expenditure in regards to improving the building have been capitalised.

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 2021 relate to equipment or fixtures and fittings, which are depreciated on a 25% reducing balance basis.

2. INCOME

Unrestricte Total Unrestricte Total d funds d funds funds 2021 funds 2020 2021 2020 £ £ £ £

12

General
oferings
Gift Aid		 167,133
167,133
168,121
168,121
32,694
32,694
34,235
34,235
199,827
199,827
202,356
202,356

13

3. EXPENDITURES

Charitable gifts
Staf costs
Rental expense
Departments
Depreciation		 Unrestrict
ed funds
2021
Total
funds
2021
Unrestricte
d funds
2020
Total
funds
2020
£
£
£
£
33,871
33,871
26,991
26,991
95,755
95,755
83,030
83,030
15,153
15,153
11,231
11,231
40,081
40,081
17,156
17,156
6,081
6,081
3,296
3,296
190,941
190,941
141,704
141,704

4. NET INCOME

Net income for the year is stated after charging:

2021 2020
£ £
Depreciation 6,081 3,296
Independent examiner’s 0 0
fee

5. STAFF COSTS AND EMOLUMENTS

2021 2020
£ £
Wages and salaries 86,993 77,026
Pension contributions 8,762 6,004

Details of employees:

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

2021 2020
Number of staf 4 3

14

No employee received remuneration over £60,000 in the year (2020 – Nil)

6. TRUSTEE REMUNERATION

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

2021 2020
£ £
Lukas Dewhirst 29,680 29,608
Job title: Lead Pastor
David Akerman 26,657 25,881
Job Title: Church Leader
Sarah Dewhirst 7,377 0
Job title: Lead Pastor

7. TANGIBLE FIXED ASSETS

COST
At 1 January 2021
Additions
At 31 December 2021
ACCUMULATED DEPRECIATION
At 1 January 2021
Charge for the year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Equipment
£
23,961
14,436
38,397
14,074
6,081
20,155
18,242
9,887

8. DEBTORS

15

2021 2020
£ £
Gift aid receivable 2,430 2,879

9. RELATED PARTY TRANSACTIONS

Three of the trustees were paid during the year as employees of the charity, with emoluments totalling £63,714 as detailed in note 6 (2020 – £55,489).

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

2021 2020
£ £
Net income for the period
(as per the statement of fnancial activities)		 8,886 60,65
2
Interest income (6) (18)
Depreciation charge 6,081 3,296
(Decrease)/Increase in creditors (2,062) 1,243
Decrease in debtors 449 910
13,348 66,08
3
11.
ANALYSIS OF CASH AND CASH EQUIVALENTS
2021 2020
£ £
Cash in hand and at bank 165,16 166,25
9 1

16