## 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:
- L. Dewhirst
- G. Baird D. Akerman S. Dewhirst
- C. Prest
F. Avery H. Seals I. Jones
- E. Morris M. Simcock
- A. Deller
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:
- (a) to advance the Christian faith in accordance with the Statement of Beliefs in such ways and in such parts of the United Kingdom or the world as the trustees see fit.
- (b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support as the trustees may see fit.
- (c) To advance education in such ways and such parts of the United Kingdom or the world as the trustees think fit.
## **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:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(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