COMPANY REGISTRATION NUMBER: 08407295 CHARITY REGISTRATION NUMBER: 1152260
Life Church Hook Company Limited by Guarantee Unaudited Financial Statements 31 May 2024
JONES & GRAHAM ACCOUNTANTS LTD
Chartered Certified Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Life Church Hook
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 8 |
Life Church Hook
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 May 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2024.
Reference and administrative details
Registered charity name Life Church Hook Charity registration number 1152260 Company registration number 08407295 Principal office and registered Life Church Centre office Elms Road Hook Hampshire RG27 9DX
The trustees
David Hill Thomas Colebrooke Peter MacPherson Independent examiner Jones & Graham Accountants Ltd 45 Vale Street DENBIGH Denbighshire LL16 3AH
Structure, governance and management
The church is served by trustees who are responsible for the administration of financial affairs and material assets and governance of the charity, and by elders who are responsible for the teaching, pastoral care and other activities of the church. The trustees and elders work closely together in pursuing the objects of the charity. Day to day decisions on expenditure and departmental matters are taken by the staff and volunteers who have been given responsibility of these areas under the direction and oversight of the elders and trustees. In December 2023 Ben Martin resigned as church pastor and left our employment. There is currently no full-time leader.
The church is a part of the Commission network, which itself belongs to Newfrontiers International Network of churches, and is also a member of The Evangelical Alliance.
1
Life Church Hook
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
Objectives and activities
The charity's objects are to advance the Christian faith and relieve poverty. The policies adopted in furtherance of these objects are to preach and proclaim the Christian gospel and the teaching of Christian doctrines and principles and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Life Church Hook continues to operate as a charitable limited company.
The key activities of the church during the year were as follows:
-
regular Sunday meetings for Christian worship and teaching take place at the Elizabeth Hall and livestreaming via Facebook and Zoom for those unable to attend in person
-
small group meetings for Christian worship, prayer, teaching and discussion in people's homes and the Life Church Centre
-
a free confidential debt advice service called 'Junction 5 Money Advice' offering help with budgeting, creditor negotiation, understanding benefits entitlements and court proceedings
-
a foodbank providing free emergency food parcels to families and individuals in the local area identified through our own activities or referred from other organisations and professionals continued throughout and after the pandemic
-
a parent and toddler group, Little Life, meeting at the Life Church Centre weekly on a Friday morning
-
our youth activities run on Sunday mornings and mid-week at the Life Church Centre and external venues
Our church attendance levels have remained fairly level throughout the year. Our costs have remained in line with the annual budget which includes some increases for inflation.
2
Life Church Hook
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
Financial review
The financial transactions of the charity during the period and the financial position at the end of the period are summarised in the attached accounts. The trustees consider the financial position to be satisfactory.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
16/02/2025 The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:
David Hill Trustee
3
Life Church Hook
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Life Church Hook
Year ended 31 May 2024
I report to the trustees on my examination of the financial statements of Life Church Hook ('the charity') for the year ended 31 May 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jones & Graham Accountants Ltd Independent Examiner 45 Vale Street DENBIGH Denbighshire LL16 3AH
4
Life Church Hook
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 May 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 89,580 | 2,800 | 92,380 | 107,703 |
| Other trading activities | 6 | 3,356 | – | 3,356 | 3,117 |
| Investment income | 7 | 236 | 11 | 246 | 134 |
| Other income | 8 | 1,171 | 401 | 1,572 | 899 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 94,343 | 3,212 | 97,554 | 111,853 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 9,10 | 84,088 | 6,076 | 90,162 | 90,838 |
| Other expenditure | 12 | 19,201 | – | 19,201 | 13,804 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 103,289 | 6,076 | 109,363 | 104,642 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (8,946) | (2,864) | (11,809) | 7,211 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 266,515 | 448,274 | 714,789 | 707,578 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 257,569 | 445,410 | 702,979 | 714,789 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form part of these financial statements.
5
Life Church Hook
Company Limited by Guarantee
Statement of Financial Position
31 May 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 935,172 | 937,184 |
| Current assets | |||
| Debtors | 18 | 5,776 | 10,016 |
| Cash at bank and in hand | 11,083 | 26,042 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 16,859 | 36,058 | ||
| Creditors: amounts falling due within one year | 19 | 17,983 | 16,561 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current liabilities | (1,124) | 19,497 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 934,048 | 956,681 | |
| Creditors: amounts falling due after more than one year | 20 | 231,068 | 241,892 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 702,980 | 714,789 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | 445,215 | 448,384 | |
| Unrestricted funds | 257,764 | 266,405 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 22 | 702,979 | 714,789 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 8 to 17 form part of these financial statements.
6
Life Church Hook
Company Limited by Guarantee
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of trustees and authorised for issue on 16/02/2025 ........................, and are signed on behalf of the board by:
David Hill Trustee
Thomas Colebrooke Trustee
The notes on pages 8 to 17 form part of these financial statements.
7
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Life Church Centre, Elms Road, Hook, Hampshire, RG27 9DX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
8
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
9
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
10
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
3. Accounting policies (continued)
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The charity is a company limited by guarantee formed on 18 February 2013.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
David Hill Thomas Colebrooke Peter MacPherson
New trustees are appointed from fellow Christians who are members of the church, by recommendation and invitation as appropriate. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations and gifts | 89,580 ৶৶৶৶৶৶৶৶ |
2,800 ৶৶৶৶৶৶৶ |
92,380 ৶৶৶৶৶৶৶৶ |
11
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations and gifts | 102,403 | 5,300 | 107,703 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Letting and licensing arrangements | 3,356 | 3,356 | 3,117 | 3,117 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Other interest receivable | 236 | 11 | 246 | ||
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Other interest receivable | 127 | 8 | 134 | ||
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | |||
| 8. | Other income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Income from other activities | 1,171 | 401 | 1,572 | ||
| Youth activities income | – | – | – | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 1,171 | 401 | 1,572 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Income from other activities | 223 | – | 223 | ||
| Youth activities income | – | 676 | 676 | ||
| ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | |||
| 223 | 676 | 899 | |||
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
12
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Church Activities | 54,255 | 5,277 | 59,531 |
| Support costs | 29,833 | 799 | 30,631 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 84,088 | 6,076 | 90,162 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Church Activities | 57,604 | 5,288 | 62,892 |
| Support costs | 27,361 | 586 | 27,946 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 84,965 | 5,874 | 90,838 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
10. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||
| directly | of activities | Support costs | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Church Activities | 50,576 | 8,955 | 29,658 | 89,189 | 90,118 |
| Governance costs | – | – | 973 | 973 | 720 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 50,576 | 8,955 | 30,631 | 90,162 | 90,838 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
11. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | |||
| activity 1 | Total 2024 | Total 2023 | |
| £ | £ | £ | |
| Governance costs | 960 | 960 | – |
| Depreciation | 2,262 | 2,262 | – |
| Premises and insurance | 18,594 | 18,594 | – |
| Administration expenses | 7,362 | 7,362 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| 29,178 | 29,178 | – | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ |
12. Other expenditure
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Financing costs | 19,201 | 19,201 | 13,804 | 13,804 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
13
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
13. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
| Net (expenditure)/income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 2,262 | 3,153 | |
| Fees payable for the audit of the financial statements | 960 | 707 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 14. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 960 | 708 | |
| ৶৶৶৶ | ৶৶৶৶ |
15. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 42,134 | 40,827 |
| Employer contributions to pension plans | 1,862 | 3,192 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 43,996 | 44,019 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 3 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows:
| full-time equivalent employees during the year | is analysed as follows: | |
|---|---|---|
| 2024 | 2023 | |
| No. | No. | |
| Church activities | 2 | 2 |
| Administration | 1 | 1 |
| ৄৄৄৄ | ৄৄৄৄ | |
| 3 | 3 | |
| ৶৶৶৶ | ৶৶৶৶ |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or reimbursement of expenses during the period.
14
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
17. Tangible fixed assets
| Freehold | Plant and | |||
|---|---|---|---|---|
| property | machinery | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 June 2023 | 928,387 | 29,761 | 958,148 | |
| Additions | – | 250 | 250 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 May 2024 | 928,387 | 30,011 | 958,398 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Depreciation | ||||
| At 1 June 2023 | – | 20,964 | 20,964 | |
| Charge for the year | – | 2,262 | 2,262 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 May 2024 | – | 23,226 | 23,226 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||
| At 31 May 2024 | 928,387 | 6,785 | 935,172 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At 31 May 2023 | 928,387 | 8,797 | 937,184 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 18. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Prepayments and accrued income | – | 2,214 | ||
| Other debtors | 5,776 | 7,802 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 5,776 | 10,016 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 19. | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Bank loans and overdrafts | 13,516 | 14,353 | ||
| Accruals and deferred income | 4,467 | 2,208 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 17,983 | 16,561 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 20. | Creditors: amounts falling due after more than one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Bank loans and overdrafts | 231,068 | 241,892 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 21. | Pensions and other post retirement benefits | |||
| Defined contribution plans |
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,862 (2023: £3,192).
15
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
22. Analysis of charitable funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 266,515 | 94,343 | (103,289) | 195 | 257,764 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 1 June 2022 | Income | Expenditure | Transfers | 31 May 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 259,304 | 105,870 | (98,769) | – | 266,405 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | |||||
| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| Building Fund | 441,723 | – | – | – | 441,723 |
| J5 Fund | 6,262 | 2,811 | (6,076) | – | 2,997 |
| Little Seeds Fund | 289 | 401 | – | (195) | 495 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 448,274 | 3,212 | (6,076) | (195) | 445,215 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 1 June 2022 | Income | Expenditure | Transfers | 31 May 2023 | |
| £ | £ | £ | £ | £ | |
| Building Fund | 441,723 | – | – | – | 441,723 |
| J5 Fund | 6,262 | 5,208 | (5,273) | – | 6,197 |
| Little Seeds Fund | 289 | 776 | (601) | – | 464 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 448,274 ৶৶৶৶৶৶৶৶৶ |
5,984 ৶৶৶৶৶৶৶ |
(5,874) ৶৶৶৶৶৶৶ |
– ৶৶৶৶ |
448,384 ৶৶৶৶৶৶৶৶৶ |
16
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
23. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 493,152 | 442,020 | 935,172 |
| Current assets | (4,227) | 6,609 | 2,382 |
| Creditors greater than 1 year | (231,068) | – | (231,068) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 257,857 | 448,629 | 706,486 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 495,164 | 442,020 | 937,184 |
| Current assets | 14,845 | 6,364 | 21,209 |
| Creditors greater than 1 year | (243,604) | – | (243,604) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 266,405 | 448,384 | 714,789 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
24. Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
17
2025-02-23
Life Church Hook 31.05.2024
Final Audit Report
Created: 2025-02-13 By: Emyr Jones (office@jonesandgraham.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAMogSq1dntspmNQJo1B555BoGOgX0GsD7
"Life Church Hook 31.05.2024" History
- Document created by Emyr Jones (office@jonesandgraham.co.uk)
2025-02-13 - 10:18:11 AM GMT
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Document emailed to David Hill (david.hill@lifechurchhook.org) for signature
-
2025-02-13 - 10:18:17 AM GMT
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Document emailed to Thomas Colebrooke (tom.colebrooke@lifechurchhook.org) for signature 2025-02-13 - 10:18:17 AM GMT
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Document emailed to Emyr Jones (emyr.jones@jonesandgraham.co.uk) for signature 2025-02-13 - 10:18:17 AM GMT
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Email viewed by Emyr Jones (emyr.jones@jonesandgraham.co.uk) 2025-02-13 - 1:57:47 PM GMT
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Document e-signed by Emyr Jones (emyr.jones@jonesandgraham.co.uk)
Signature Date: 2025-02-13 - 1:59:21 PM GMT - Time Source: server
- Email viewed by David Hill (david.hill@lifechurchhook.org)
2025-02-14 - 0:49:32 AM GMT
- Document e-signed by David Hill (david.hill@lifechurchhook.org)
Signature Date: 2025-02-16 - 8:17:48 PM GMT - Time Source: server
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Email viewed by Thomas Colebrooke (tom.colebrooke@lifechurchhook.org) 2025-02-23 - 9:53:08 PM GMT
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Document e-signed by Thomas Colebrooke (tom.colebrooke@lifechurchhook.org) Signature Date: 2025-02-23 - 9:54:24 PM GMT - Time Source: server
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Agreement completed. 2025-02-23 - 9:54:24 PM GMT