Living Bread Fellowship Church Report and Accounts Year ended 31 May 2021 Stewardship A£tNe8enerosity 1 Lamb$ Passaoe. London ÉC1Y •A4YHL3ZF* 2410212022 COMPANIES HOUSE 214
LMNG BREAD FELLOW8HIP CHURCH COMPANY INFORMATION FOR THE YEAR ENDED 31 IAAY 2021 E Fh)n A Luiz do Prwjo Lopes (resNJned 2 Nov 2020) AArrnijos Hurtado Smlth (appointed 27 Nov 20201 K•y Slaff AAtr Flho (Pastor) Gov•mlng l)o¢um•n¢ 1A8ndrn and ArfK18s of Asso¢iation dated 28th May 2012 Compny Rfjlstratlon Numb•r 08086107 Charity R•gistth Numb•r 1151320 Prfn¢lpal Addr•ss & R•qlsteMd Olll¢• 116 Bram Road North Kensington LoThJon W10 6SU Ind•p•nd•nt Examk Rajani FCIE StvwArdship 1 Lwnb's Pass EC1Y 8A8 S•lloltor5 )thw Collins So11101$ LLP 124 Edmund Street Bim)ingham B3 2ES Bank•rs HSBC Bank pk Pg• Company Infonnation Trustees, Annual Report Independant Examlnerfs ReFKxt Statlent of Financ&g1 Actsv1ti8S Balance Sheet Notes to the A¢¢<xmts 24 8-10
UVING BREAD FELLOWSHIP CHURCH TRU8TEES' ANNUAL IIEPORT (INCORPORATING DIRECTORS. REPORT) FOR ThE YEAR ENDED 31 MAY 2021 The trustees, lK) are the charitS director5 for the purposes of wnpany Iw. have pknure in submitting the Report and Accounts for the yr. obats gf th• ¢harity The chaiity is a charitable company and is goverd by ts m1KuM arlK48s of a$sl8CA. The obiecls of the charity, as set out in the goveming d(ment are to advance th8 Christian faiih in accordance with the Slatoment ol Beliets in Hounsltr#. London arml in such othei of the Uniled 'ngdom and the worfd as the Trustees may from Ilme to tme think fiL The Gharity seeks to fuffil the above obpdNes by deffl the Chiistian laith in action by ¢Jperating as a thurch in London. 8ummary afth• ¢haiitys main a¢livikn and a¢hl•v•m•nts To further the abovo obp¢ts aml Wismin. Ihe tharitys main rthli and ievements were as folhyts: . We continued with the Weekty 5eThice I gatswlngs on Saturdass from June 2019 to March 2020 as normal, however fr Marth to September. the churth had to ck)se due to COV.19 govemmental regulations. During this period dhj continue with vrnekly servK$ hold virtualty Ortr through live or pre uploaded Mdeos. These ser¥ices are in Portsjguese languagg, ith translation to English. The memberfs attendance was stable duFing the pgrnd frc¥n Jurft 2019 lo March 2020. On 121h Septsmber 2020 the chuTth ro-opened and (1 again in October 2020. The18adership and the cperational team have t¥)th been thDring to keep all church members safe and have folkld Infe¢t wrtrol prcthdures. The church attendance has decreased during the parKtemic, iith coubj bè Se of the worry wlth contaminatn., also the ¢hurth had to bo mIt In numbers so as to keep a dislance of 2 metres beiwoon bubbled groups. - We continue wth the Youth Monthty ser#ice tmth the purpose of feachlng OLrt to Ihe Yth and wider communty. These servi$ aro in English language. at tmes a guest speaker. - Durlng 201912020 we continued to offerlrun speaal seThKes such as: Thankswing (first seNke of the year), Family Celebration. Motherfs Day. H(p due lo the CovKI.19 go¥enrntal regulatiwts. Fatsfs Day Celebration, Baptism and Christmas Celebration wvro cancelled. - Pastor Luiz, Pastor Cristiana and Pastor Mary have been actIty o)ntsibuting lo the thurch aGtivibes. As mentioned in the InfOnnat tab. Lulz resigned in NoVWntr 2020 and Andres has been appointed chair since his departure. . We contlnued to offerlNn weekly servK6s on SatUTday5, prr and Intercessn meetbngs on Tuesdays and Bible studies OTTr Wed•,' al nwetiws via zwn durirKJ the kIdown period. - LBFC implemontJ the ¢ell vision with the aim lo reach Jl lo more people and lo off8r the community an opportunity to hear the G)swl. This is lo be run by leaders. They were trad by Pr Luiz and Pr Cristiana on hcA¥ to W the cll groups and will have their supporL HVer duè to the pandeml this was currenty on hokl. . Chiklren Mini$ty has gr(rfft. We have the rjildren Mil t&wler and f(YJT teacher5 that are (X)rnitI0d to foltuw their calling lo serrfe in the Chiklren's Ministy. - Regukr visits to a group of elderty ¢hur¢h ffmbefS to provide spiritual and practical support, e.g.. Prayers. acw>anying them lo apptrywts. hairdressino are on hokl due to the pandemic. Howevtt, the Pastorts offèr phone conversthn to ensure Ity are fine. Page 2
UVING BREAD FELLOWSHIP CHURCH TRU8TEE8' ANNUAL REPORT eorrtlnu•d Summary ol th• ¢haiitys main a¢ti¥ and arthl•v•ments ¢ontlnu•d - Regular vssils to familtes that are in ne&1 of prayer5. o)unseWng aThJ financial support are (yJrrentty oft hold due to the Pandern. HcA¥ever. the pasth (xJrttnu8 offeriry supwt by phona conversation and prayers lo those in need. Overall. Liwng Bread Fetk7%hp Church is slJle. The CIHJrch is proxtiva in encouraging membe 10 serve In the congregation and lo devekjp in their calling. During the Lqst year. churd) leadership mtings have Len hekj rogulaty arrfl Trustees meetings havo been held quartety, via'zoom, during thg pandoml¢. Many of the charitls &livlbes are underlaken by volunteers the charity not operate eff8cltvely without Ihoir efforts. In planning xts¥i$ Ihe Truste¢s trAve apphed the guidance on Publ benefft issued by the Charity CommissTran. Stru¢tur•, Gw•rnanM and Manag•m•nt Responsibility for setting poh'cy and for making operaling decisNYts regts with the tDJSt who meat regularty tr) Monitc Ihg activlb6s of the charity. trustees are recnjited and app)into0 by th8 church's SpKilual Leadershfip. Plans for th• lutUT• The key slfalegies for the church remain the same. The rtiectsve of Llving Bread Fellcwsh¥) Church is to ncentrate their effort in strengthening the church in Engknd, through lead•rship training. which aims at generating strong leaders to wnpact this generation through th8 Gospd of Jesus Chrl$t The aims for next year are.. To have all leaders embraang the church cell and b• l•ading a cell group. 2. To conclude the ¢dl Nrysk)n training to all K) ate in¥oè4ed tt18 Chikken Ministry arKI hav them leading 11 groups Vth children wa Zoom 3. To offer adVared training to church lers. 4. To have ordinaTrx of deacons. 5. To re¢ruit more TfU$tees for the thurch. To change the ¢harity stnthre fll that of a Imited to a Charllable Incorporaled Organtsation {ClO}. Flnanclal rwi•w During th6 yr incune was aknN)st urKaryd at £36,109 (2020: £35,937), expendllure decreased by £5,182. 10 £29,624. As a result the charity has reported a surplus of £6.485 12020." £1,130) and the chanty's net assets increased by the STh •Th)un( to £45.939. Net assets incluth unrestrkted tash of £41,843. R•s•r¥•s polhy The trustees have detenyKd that Ihe ch shoukl avD to reStrid cash of no less than £15,000 ond no more than £30,000. The tftBte8s belve thal Ih8se reser4es need lo be held to help 8nsure that the chanty could continue to ¢Fere srrK>)thty should income and I expenditure vary adv•rsely. Al the year end the charity held unreStr10d cash of £41.843. This 15 slightty mow Ihan requlred by the wlicy howeveT expenditure is increasing as thaffty beglns to have rnore regular powin meelings and. dependin9 on levels of irKome. Ihe charity may need to USO ol its reser¥e> K•y risks and unMrtainti•s The Directofs have revield the risks to a small ¢harity crf)eraiing with few empbyees is exposed. Approprlate proeedures are in place to vjentsfy. )nrtQr and rovw lh risks on a regular basis. P•Je 3
UVING BREAD FELLOWSHIP CHURCH TRUSTEES. ANNUAL REPORT ¢•ntihu•d R•sponslbilill•s ol lJus••s und•r oompany law The trustees are responsible for preparing the trustees, annual report and the financial ststem8nts in accordance wlth applicable Iw and United Ac£ounting Starmlards {Untted lQngdom General Accepted AccoJntYw PractK}. Company law requires the trustees to prepare finan¢ial statements for each financial year which give a true and fair wew of the state of the affairs of the Charitab coryyny as at the balan sheet date and of its incoming resources and applicatton of resources, including irmm and expenditur8, for tho financial year. In preparing these financial statem, the tw$tees required to.. 1. set suitable accounting 1CS and appty It7 o)nsistenty. 2. observe the methc4Js ar¥J princyles in the Charitsos SORP: 3. ma(e judgements and estimates that are roasonable and Prudent 4. stale vthether the applicable accounting stsndards have been folkrAd. subpct to any matwwl departures disclosed and explained in the fancbl statements,. and S. prepare tho financial statements on e En9 ¢(KM basis unl8$8 it is #wyrowiate to presu that the charity wll continue in operation. The truslo9s are responSle for keepirwJ propw acctyjnling recaxds that disckjse ith reasonable accuracy 8t any time the financial positM)n of the charitable ccffj)any and enable them lo ensure that the financial statements compty with the Companies Act 2CrfA. TW 8re also responsible for saffjguarding the assals of the charilable company and hence for taking reasryth steps for the prev¢ntion and detection of fraud and other irr8gulariti85. Appmval This rel. has been prepwed kn xcaxdanc ith Ihe Pr1$ of thg Ccrfnpani8s Act 2LWJ6 relating to small c%¥npani8s. was approved by the Irustees aThJ $iW on their behall by.. Andros Marcejo Amiipx Hurtado Date.. 18 Febwary 2022
INDEPENDEKf EXAMINERZ REPORT TO ThE TRUSTEES OF LMNO BREAD F0¥&HIp CHURCH (Ih• Comp•ny? I report to the carity trustees on my examination of the a()Unts of the Company for th8 year ended 31 May 2021 on p8ges 6 to 10 f1ing, which have been on the basis of the accounting poli¢ies set out on paggs 8 and 9. RespMslbllltl•s and basls of ¥•port As the charitys trustees of the Company (arKI also lis directors ft)r the purposes of cornpany lawl you ar6 reSpOnb for the preparation ol the accounts in •xordance thè rUreMents of the Companies Act 2006 {'the 2006 Acr). Havrng satisfd myself ItrAt the accounts of Ihe Company are not requirod to b8 audltod Part 16 of the 20( Act and are eligib for independent examHHl)n, I re¢ in r¢sp8¢t of my exarninan of your charity's accounts as carried tyjt under seclb)n 145 of the chareS kt 2011 (Ihe 2011 Act.). In carrying out my examination I have fditrwed the Direction5 gNn by the Charity Comrnission under section 14515) Ib)ofthe2011 A I have completod my eXaminan. I c(fiM1 that matters havo to my attonlTh in ¢Onnectm wtth the examination giving me cause to bewe.. l. a¢ownllNJ rec¢xds not kept in respect of the CoMpY as required by Secam 386 of 21))6 ACL. or 2. the acc)unts do not acwd with those records; or 3. the a¢)Unts do not c1)mY with the ounrj requirèments of section 396 of the 20( Act other Ihan any requirement that the a¢¢ounts give a 'true and fairf vie wthich is not a matter eonsideiod as part of an ind8PondéDt èxamination; or 4. the accounts have rK)t been prepared in acciKdarKe Vith the method5 and principles of the Statament of Recommended Practie* for acCn11ng and reporlina by Charli applrcabb to charities preparing thelr counts in 1rdance with the Financial Reporting Standard appIable in UK and Republic of treland (FRS 102). I have no concems and have come across no other mattels in conn8Ctiry) with the examination to which attentKJn SIMld be drawn in this rew)rt In order to enab a proper understanding of the accounts lo ba reached. Ajay Rajani FCIE Stewardshlp 1 Lamb's Passaga London EC1Y 8AB Date.. 21 February 2022
UVING BREAD FELLOWSHIP CHURCH STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR ThE YEAR E14DED 31 MAY 2021 Total Funds 2021 Total Funds 2020 Funds Funds INCOME AND ENDOWPAENTS FROM: Donations and legacAes 36.109 36,109 35.937 36.109 36 109 35.937 EXPENIXTURE ON: 29.624 29.624 Total p9ndIr• N•t I)M11•xPnd*tsMj 1,130 N•t mov•m•nt In fund• 6.485 1,130 R1)nlIad0Tr of fvnds: Tcrtal fvnds brought foThyd 39.454 39,454 38,324 45.939 45.939 39,454 All tnMme and eXPere dwi4r fr( C4)rfwxiry (watio. AH of Ihe chwW8 InrJ)me aTh1 eXpditre in the evious yw was also unrestrlctsd. required by the Ccrfnwies Act 2(. Page 6
AS AT 31 IAAY 2021 Tolal Fund$ 2021 Totsl Funds 2020 FuTrJs Funds FIXED A8SErs Tangiblè fixèd ass•ts CURRENT A88Ef3 Debtots Cash ot bank and in hand 47,442 47.442 40.474 CREryTOR3.' Am¢wnl• l•Hing du• wlthin on• y••r (1.5031 11,503) 11,tr201 TOTAL Nrf A88ÉTa FUND BALANCES Unrestri¢Xed funds The charitsbk con¥>ony is ontitt¢d to &YempthvTr from PJecaion 47T C¢mpath 2C fr>rth? y•ar ended 31 W2021. Th• mtsmb?rs ha¥? rrot required th• eurpony to otrtsin an audit of its fina1 statem1 lh• ye•r ended 31 May 2021 in •Cld8ce whh Section 476 of the Crynp•nies kt 2C h¥T. in 1rdancE wih S•con 145 of Ch#ritses Ad 2011, the aUr ha¥• bo•n •)oNned by w indBpwKknt •xamw arnj Ir ww)ort has bo irtcJded in these fina[1 The dtrecaors {K dTIla trv5*0s for fv wrp¢v$ ol dith l) n1740ts Iheir rnsporribihti¢s Companies Ad 2006 ond {bl preparing ststsments a IDJè and lair Vi•4¥ of ltte slato of affaSrs of the elwitable c4Jmpany as at the end of each ffinarKial yw and of its net WdItre for e4th fina in •xord)c with th feguirements ot Sectons 394 and 395 and otrrTh vith ihe requirements of the Compani¢$ 2C r•labng to finanoal sWom8nts. ¥0 fas appkaljkn to ts rtwifth c•. The finanaal Stalernents hava l)8en prep¥ed in 4c¢Lyd¥K¢ th? PfDWSth$ of Part 15 of IM cornPleS Ad 2f lat.ng to small eorwTre$. Armlres Marcelo knlios Hurtado t>*#.' 16 Fe 2022 Charity numtw. 1151320 The notss on ge5 8 to 10 form partoflhw ac<yx
InfqmMU•n The charty h a iaiitablp company lnrted ty grantee Is I)ctspd kn Vr&gd Wl¢yn. Trgist8r•d numberdnd rngi51ored Off 4ddrn5S Can be on th• Crn Infm•lb)n pop?. Ao•ounllno Poll#l•s T$e finar¥rial Jtments be pRP4 ITr tlh Statemant of R8gJmmerthd PAL¢.' ond Repotljng by char¢$ preparing th¢ ac£4Xrtance tAth Ihe FThnLial RewtirvJ St•¥lard •pp¢b ¥1 lh• UK and Reptsb1 ol IreLqnd IFRS 1021 fthe Clwths S, xth the Rrtb)rtif4 Stsndard applk in Ihe Llnfted Kirbgdorn and RepuNic of Irend C'FRS 10r). theCThnl•s w#h Ihe Charmles Ara 2011. The ch• moets Ihe defihitk)n of publi¢l)enefi¢•ntity as sel oul h FRS 102. going concern ba6k8 is approwla qnd haby consJ•red possb vtyts tyrJ)rdlkJis th81 easl signirtcanl dbt on 'Ity ofthe charity to wntinue as a 5oin9 1xrn. T In8t¢es ha%¢ made th4$ ae$Sl for a peiiott of 81 iea8t On8 year from the date of approval of the flnaThual 6tatements. In parth)Jlar th8 tnmlees h•¥0 9)nspJor lh• ¢harfty$ fty•¢a&ts and proj8Ctions And th8 POS84ble shoukl wojecleo aTrJ l or v•ry uMy4¢d•Jty. Th¢ tr•tee8 ha¥ t4nclud8d thal Ihr• i8 a IF101 ¢Onne8 to •lopt goty o)ntyrn preparng ts tharK4 #attmwts. m•kir4 thls a$$nOt, the trus Income Indudko knsbment Ine4me pj in th• pellod iht ctsfy be¢tyw to rlPt, pffiounl rEceN4ts can be meam¥ ¥s¢nablE tertwty. ar rocelpt * wobth. For th• mod part. 1$ gor4 rt¢0gn?sod when it ts rnrniwed. lfttome 18 onty defeffed Ihe chanty ha6 lo fulm ¢>JndrfthJM b•for• etitid to * Orth thedonor Ihat has fiot been ra(Jbtred bythe 51Mt d•ie Is th¢b)ded 4$ • debtor. The charity relkfj5 on ¥olunte•r5 to w J1 mary 41 $ (ty¥ths. Hoer. kn aetofdance thè SORP. vath of th•¥8 Ewnditurn, in¢ludkn9 VAT. l& rethie It is w, rf eathr. wrn • Wl ora)n$lnth oblaloft for • payment aiiw prtythd tw it is Ih•t gelllemert bo Ind th¢ •Tr)Iml ol th¢ thhjatlon can be rn8a8ured reliabty. Ihe charty. In tsjlh Ihe ujrrent 8nd the prewliry >t4rthE cJ¥•ntydpJ re¢¢fv¢ arby restrthd fvJKls are donaUon8 th81 rnusl •¢hvles orw¢lsl. tt•m¥ puf¢h•s¢d Or donated lor Ihe tttarV8 are capitafed tho c•5101 wrth•s•d rflmb. ty Ihe f•ir¥•lw oldonated ems, than É5CQ and Ihe txpeded lo bertefrt the ¢hafflty more than on8 acc•untkng perK#J. 16 tharged on a slrapJM lin• basis 4$ io wr#• th• ¥•lu• of ¢•th ass1 to tts •stknated &111 ¥due lil any) O¥•T its l(c4le that the Catryino value may te pay8bf8 oft the charity8 knL7>me. Th ¥aW8 0$8¢ts 8r#l fin01•1 Wth"IAtes all •5 b•5ic f[11 in¥trum•m $ d•fird by FR$102. Credttorn and btOfS ar•mea$vred althelrexpeded 8etlleThntvab Inorrnaty Ih•anwJunt of¢•sh thaithe ¢htr* 1¢ p•y or ree•1.
FOR THE YEAR PIDED ¥1 2021 h) YI In 8 malerw adj'tsstrfienl to thè eanyry Val of asaets aThl In the neA1 feporting peip)d. 2020 Dondions alb sknl Intme tax re¢ovwatrt Job Retgntton Schema grart 26,111 5.598 27.LM7 5.531 hwltybl••xpondMw• 2021 2020 Pr¢ptrty rent I1 Staff Cosls (Xher miTrW rxAts Gh781o speaker8 Phone6 and fommunrAtio Sm411 olTr¢¢ equw 5.552 21,481 25S 9,419 21,267 140 260 319 389 275 Costs TrnouFr•d on supppft&dmth 1.020 247 1.038 1.031 391 Support ¢osts T•t•l •¥pv4ltyv• The lee Payab to th irJeperthl thmin•rfor w•p•rirwJ •TrJ ex• the •twurAs •• £1,020 020.. £1.020}', athjfaofi Ihe ¢hadty pail £63112020.. to SardShI> for PVToH bureau aTrJ cgxwlarity¢ryks. 2020 The average thI1 nwnber of Iha ¥MS 1 (2020.. 11. frJst of tht L*•iW8 •¢thitles are ¢athed out by ¥Onteers. key managament recew ptynet bor £20.W12020." £21207). prec4dlr#J Or.
TAnolbl•llx•d •ss•ts equipmefftt Tolol Cost At 1 JUM 2020 Addn8 At 31 May 2021 819 819 819 819 A(mU&d depr•¢lD At 1 2020 Charge lorthe yoar At 31 hlay 2021 819 819 819 819 Net book value At 31 May 2021 At 31 Play 2020 2021 2020 5.598 5,531 Job Retentti Wem•grart C•Bh al •nd Ih Hand 2020 Cash al bank 1Med •¢¢ws P¢ty ¢asb 41.837 31.571 14 r•dll•rB.' 11111•8 du•Tlhln •n•y•w 2021 2020 During Ihe aT the Ghlfity rec•i%l £7,745 (2020.. É9,4611 from rvlthd lwhkh trustees, ar Except for the rBThbu[sonl ol •yppns¢5 IJ¢d actw as •Jont V nts expèr{210.' Eft w• p•fvJ to. 11 Al•mb• 10