DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**REGISTERED COMPANY NUMBER: 10286979 (England and Wales) REGISTERED CHARITY NUMBER: 1170291** 

**Unaudited Financial Statements for the Year Ended 31 December 2020 for** 

**Trinity Life Church** 

The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

**Contents of the Financial Statements for the Year Ended 31 December 2020** 

||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 8|
|**Independent Examiner's Report**|9|
|**Statement of Financial Activities**|10|
|**Balance Sheet**|11 to 12|
|**Cash Flow Statement**|13|
|**Notes to the Cash Flow Statement**|14|
|**Notes to the Financial Statements**|15 to 24|





DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

**Reference and Administrative Details for the Year Ended 31 December 2020** 

**TRUSTEES** Rev D Hind (Minister Of Religion) C Jewitt (Trustee) Rev B C Niblock (Minister Of Religion) Rev J A Prestwich (Minister Of Religion) **COMPANY SECRETARY** Rev J A Prestwich **REGISTERED OFFICE** Upper Tichborne Street Leicester Leicestershire LE2 1GL **REGISTERED COMPANY NUMBER** 10286979 (England and Wales) **REGISTERED CHARITY NUMBER** 1170291 **INDEPENDENT EXAMINER** The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP 

Page 1 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). 

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published in October 2019. 

Trinity Life Church is an Assemblies of God Church of hundreds of people from dozens of nations meeting in 8 campuses around the City of Leicester. Our heart is to love God passionately and love people extravagantly. 

Page 2 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **OBJECTIVES AND ACTIVITIES** 

Trinity Life Church Annual Accounts Report 2020 

Trinity Life Church is an Assemblies of God church in Leicester.  In the early 1950's after some powerful miracle meetings in Leicester a small number of mostly new believers formed a new church. Miracles were at the foundation of TLC and they still are. A couple of years later we were able to purchase a few houses destroyed during the second world war and through the people's generous giving to build our first building on Upper Tichborne Street. Giving and generosity have been part of our journey and they still are. 

There have been four leaderships in the church's  history: Howard Pearson, Pastor Botham, Brian Niblock and David and Susan Hind. Unity has been at the heart of the church throughout our history and we continue to celebrate our unity today. 

In 2007, after 25 years of faithful leadership from Brian and Marje Niblock, TLC was a strong, mission hearted church and the senior leadership was sensitively transitioned to David and Susan Hind; both couples continue to walk in honour together to this day. Fourteen years later, David and Susan would say that serving TLC as leaders continues to be one of their greatest privileges in life. 

## The Heart of TLC 

We have recently restated the core values  of the church.  We call this the 'Heart of TLC'. These values follow the Great Commandment of Jesus (Mark 12:28-34) and the Great Commission He gave the Church (Matthew 28:16-20). 

TLC's Heart is as follows: WE LOVE GOD We are Jesus- centred We celebrate the Father heart of God WE are Bible believing We are Spirit- filled WE LOVE PEOPLE All people All nations All generations All disciples 

WE LOVE HIS MISSION Reaching the Lost Serving the Poor Changing the World 

WE LOVE HIS CHURCH Planting campuses Partnering with other churches Empowering men and women 

OBJECTIVES AND ACTIVITIES Official Objectives 

1. TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE CHURCH LEADERSHIP FROM TIME TO TIME MAY THINK FIT. 

Page 3 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

2. 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 IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE CHURCH LEADERSHIP FROM TIME TO TIME THINK FIT. 

3. TO ADVANCE EDUCATION IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE CHURCH LEADERSHIP FROM TIME TO TIME MAY THINK FIT. 

## Public benefit 

For the main activities undertaken to further the charity's purposes for public benefit, the trustees have regards to Charities Commission Guidance on public benefit. 

## ACHIEVEMENT AND PERFORMANCE 

## A Year of Flexibility and Resilience 

In accordance with the vision of TLC, in January 2020 a ninth campus in Hamilton/Scraptoft launched. It started well with many visitors and encouraging growth. The rest of TLC continued and developed. 

## An Unprecedented Year. 

In March 2020, like the rest of the world, TLC faced the reality of a worldwide pandemic, one which would impact our city and in turn impact our church and which transformed the way the church's  mission was carried out over the year. 

The message remains the same, the Heart of TLC is the same, however  the method of sharing the message has been different, and some priorities have been shifted: 

TLC's heart has been maintained - Loving God, Loving People, Loving His Mission and Loving His church. 

TLC has  continued to serve the poor and partner in mission around the world and locally 

Online church has become a learning curve and a reality with Church Online, YouTube, Zoom, livestreams and much more helping us deliver services, groups and meetings. 

Pastoral care has been a high priority. TLC staff and leadership team and over 100 leaders have sent hundreds of emails, texts, cards, words of encouragement, alongside doorstep visits, acts of kindness and wherever possible in- person care. Special gifts to those in need, vulnerable groups and celebrating key workers have been a highlight. 

Prayer has become more central in TLC with hundreds of prayer gatherings and a new heart to continue this focus. 

Dozens of new people have joined TLC during the past year and been integrated, some without yet meeting a leader face to face. 

We are a family of hundreds of people, from nearly 60 nations, of all ages and backgrounds. Every person is deeply valued and we have walked through this year together. 

Sundays- services have happened for most of this past year online. The quality has been outstanding, thanks to many gifted people. 

Leadership at all levels has been exemplary over this year: 

Page 4 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

## Elders 

With a powerful spirit of unity together, the elders have been privileged to watch over the care, teaching and health of the church.  2 new potential elders are sitting with the group and will be presented to the church for approval over 2021. 

## Trustees 

Overseeing finances, policies, procedures, staffing etc, our TLC trustees serve with excellence and offer robust challenge to the organisation. 

## Senior Leadership Team 

A dynamic team of ministry heads who help the senior leaders craft the direction and  vision of TLC and outwork this practically. This is a much valued layer of leadership. 

## Campuses/ Campus Pastors 

In a year of change with some campuses merging and many tweaks and changes, our Campus Pastors have cared for people and brought direction. 

## Life Group leaders 

Life groups have been very key this year in keeping people together. All have happened for most of the year online, led by many great leaders. 

## Youth and Children 

TLC Youth and Children and families Teams have provided vibrant and engaging groups online, support and care and many innovative programmes for 0-30's. 

## Open Hands Compassion Charity 

Due to the impact of COVID-19, the charity quickly adapted its services to respond to the growing needs in the city and provided over 80,000 emergency meals through its services from April-December alone - this equates to 21.5 tons of food and a retail equivalent value of over £35,000. The charity's food bank received 29% more visits in 2020 than it saw the year previous. The charity also offered an affordable food service as an 'add-on' to those taking steps towards independent living. 

The charity also launched a free 'Emergency Click and Collect' service to enable those requiring further practical assistance the opportunity to request a wider range of items (such as clothing, toiletries or - bedding) items could be 'ordered' online by a referral partner and were then picked and packed ready for collection. 

The charity's furniture project continued to partner with the 'Leicestershire and Rutland Re-use Network' (LRRN) in delivering a Leicester City Council tender to provide furniture to eligible Community Support Grant (CSG) holders. The project also launched a new scheme providing washing machines to local families in need thanks to a new partnership with The School Development Support Agency (SDSA). 

The charity was privileged to announce the acquisition of a lease to a bare warehouse set to house a brand new aspirational and welcoming Compassion Centre for the city in 2021. 

Mission- TLC  continued to partner with and support 14 organisations/people and charities making a difference in the world over this year. (TLC has been able to give away to mission, the poor, AOG and the support of people in need nearly £100,000 this year). 

Oak Centre/Pre School/Six Degrees 

Page 5 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

Open Hands/ TLC's Preschools and Coffee Shop have been run with passion and commitment despite many challenges and changes and all have been blessed with amazing staff and volunteers and favour. 

It has been an amazing year and though we have faced many challenges, God is good. We are excited to see the next phase of our journey. Our best days are ahead. Amen 

## **FINANCIAL REVIEW** 

The accounts on pages 11 to 25 summaries the income and expenditure during the year ended 31 December 2020 and the state of the Church's affairs as at 31 December 2020. Once again, income and expenditure were closely monitored. 

## **Reserve policy** 

The Trustees have reviewed the reserves of the Church. They concluded that the policy is to maintain unrestricted funds, which are the free reserves of the Church, at a level which equates to at least three month's 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 Church's current activities whilst consideration is given to ways in which additional funds may be raised. The Trustees define their free reserves as being total unrestricted funds less unrestricted tangible fixed assets and assets allocated to designated funds. 

We maintain restricted reserves amounting to £106,168 at 31 December 2020 which are set aside for a potential city centre building in the future. 

Page 6 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

TLC is controlled by its governing document Memorandum and Articles of Association incorporated in 19 July 2019, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

David and Susan Hind are the Senior leaders of TLC bringing leadership, vision and management. 

Trustees/Directors are responsible for finances, policies and procedures, integrity and excellence. Our Trustees/Directors in 2020 were Colin Jewitt - Chair, Brian Niblock, James Prestwich and Rev D Hind - secretary and Rev J A Prestwich. Sarah Hickman is the Finance Manager. 

Elders are responsible for overseeing the doctrine of the church, the pastoral care of the people and what God is saying. 

The Senior Leadership Team are responsible for leading all of the central ministries and administration centre alongside buildings and equipment. 

- Campus Pastors oversee the running and advancement of their part of TLC and the pastoral care of the people in their campus. 

There are various other leadership teams within other areas of church life nursing the smooth running and development of our ministries. 

## Our Vision Statement is... 

"We are a Jesus centred, Word and Spirit Church made up of men and women, young and old, rich and poor from every nation. We keep His commission and message central. We believe nothing is impossible for God. We are led by Godly, accountable, senior leaders, elders and staff. We empower 100's of TLC people to be and make disciples. We love God passionately and love people extravagantly." 

To put it simply: 

- We love God 

- We love people 

- We love His mission 

Although we love being together as one church, we now meet in 8 campuses rather than a single congregation. Every campus has Campus Pastors and a team who lead. 

## Why campuses? 

We felt His call to spread out to the left and the right - Not to simply stay in one place even though at times this would have been much easier. 

We didn't want TLC to become simply about the senior leaders - we wanted to empower a wider team. 

We didn't want to become purely front led - we love excellence but also many in leadership. 

We wanted to release more leaders who built teams - Currently 53 leaders make up our leadership team in the 8 sites. 

We wanted to impact local communities...To be more missional... 

Page 7 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Report of the Trustees for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

We wanted to allow the gifts of spirit to be used publicly. 

At the time of writing we have just planted our 9th campus in Scraptoft/Hamilton which has seen over 70 first time visitors in the first four weeks. We are also meeting monthly for worship and outreach in Belgrave. 

We are one church, with one heart, one vision, meeting in 9 places and 1 outreach. 

## **Recruitment and appointment of new trustees** 

At the first Annual General Meeting all of the directors will retire, in future one third of the trustees retire by rotation of longest serving. Appointment of new trustees can be from retiring trustees or individuals showing an interest in the work of the charity, who are willing to serve and have appropriate gifts. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

Approved by order of the board of trustees on 3 August 2021 and signed on its behalf by: 


.................................................. C Jewitt - Trustee 

Page 8 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Independent Examiner's Report to the Trustees of Trinity Life Church** 

## **Independent examiner's report to the trustees of Trinity Life Church ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. 

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 that in any material respect: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts 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 

4. the accounts 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. 


Mr R J Radford FCA ICAEW The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP 

Date: 3 August 2021 

Page 9 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2020** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>467,273<br>Other trading activities<br>2<br>42,932<br>Investment income<br>3<br>2,203<br>Other income<br>4<br>18,620<br>**Total**<br>531,028<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Ministries<br>51,533<br>Giving away<br>32,492<br>Other<br>5<br>426,307<br>**Total**<br>510,332<br>**NET INCOME/(EXPENDITURE)**<br>20,696<br>**Transfers between funds**<br>17<br>(7,784)<br>**Net movement in funds**<br>12,912<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>889,352<br>**TOTAL FUNDS CARRIED FORWARD**<br>902,264|Restricted<br>funds<br>£<br>63,723<br>-<br>-<br>-<br>63,723<br>-<br>68,657<br>-<br>68,657<br>(4,934)<br>7,784<br>2,850<br>103,318<br>106,168|31.12.20<br>Total<br>funds<br>£<br>530,996<br>42,932<br>2,203<br>18,620<br>594,751<br>51,533<br>101,149<br>426,307<br>578,989<br>15,762<br>-<br>15,762<br>992,670<br>1,008,432|31.12.19<br>Total<br>funds<br>£<br>549,565<br>57,747<br>25,709<br>-<br>633,021<br>110,559<br>90,610<br>456,508<br>657,677<br>(24,656)<br>-<br>(24,656)<br>1,017,326<br>992,670|
|---|---|---|---|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

Page 10 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church (Registered number: 10286979)** 

## **Balance Sheet 31 December 2020** 

|Unrestricted<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>10<br>905,956<br>**CURRENT ASSETS**<br>Debtors<br>11<br>32,963<br>Cash at bank and in hand<br>102,304<br>135,267<br>**CREDITORS**<br>Amounts falling due within one year<br>12<br>(32,529)<br>**NET CURRENT ASSETS**<br>102,738<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>1,008,694<br>**CREDITORS**<br>Amounts falling due after more than one<br>year<br>13<br>(106,430)<br>**NET ASSETS**<br>902,264<br>**FUNDS**<br>17<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>-<br>-<br>106,168<br>106,168<br>-<br>106,168<br>106,168<br>-<br>106,168|31.12.20<br>Total<br>funds<br>£<br>905,956<br>32,963<br>208,472<br>241,435<br>(32,529)<br>208,906<br>1,114,862<br>(106,430)<br>1,008,432<br>902,264<br>106,168<br>1,008,432|31.12.19<br>Total<br>funds<br>£<br>913,362<br>35,682<br>211,939<br>247,621<br>(53,969)<br>193,652<br>1,107,014<br>(114,344)<br>992,670<br>889,352<br>103,318<br>992,670|
|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. 

- The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 11 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church (Registered number: 10286979)** 

**Balance Sheet - continued 31 December 2020** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 3 August 2021 and were signed on its behalf by: 


............................................. 

B C Niblock - Trustee 


............................................. 

C Jewitt - Trustee 

The notes form part of these financial statements 

Page 12 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Cash Flow Statement for the Year Ended 31 December 2020** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Interest paid<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Interest received<br>Net cash used in investing activities<br>**Cash flows from financing activities**<br>Capital repayments in year<br>Net cash used in financing activities<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**|31.12.20<br>£<br>14,826<br>(4,554)<br>10,272<br>(6,678)<br>853<br>(5,825)<br>(7,914)<br>(7,914)<br>(3,467)<br>211,939<br>208,472|31.12.19<br>£<br>7,004<br>(5,499)<br>1,505<br>(14,514)<br>659<br>(13,855)<br>(7,273)<br>(7,273)<br>(19,623)<br>231,562<br>211,939|
|---|---|---|



The notes form part of these financial statements 

Page 13 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Cash Flow Statement for the Year Ended 31 December 2020** 

## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|<br>**ACTIVITIES**|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|**Net income/(expenditure) for the reporting period (as per the**|||
|**Statement of Financial Activities)**|15,762|(24,656)|
|**Adjustments for:**|||
|Depreciation charges|12,322|13,629|
|Loss on disposal of fixed assets|1,762|-|
|Interest received|(853)|(659)|
|Interest paid|4,554|5,499|
|Decrease/(increase) in debtors|2,719|(13,119)|
|(Decrease)/increase in creditors|(21,440)|26,310|
|**Net cash provided by operations**|14,826|7,004|



## 2. **ANALYSIS OF CHANGES IN NET FUNDS** 

||At 1.1.20|Cash flow|At 31.12.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|211,939|(3,467)|208,472|
||211,939|(3,467)|208,472|
|**Debt**||||
|Debts falling due within 1 year|(7,772)|-|(7,772)|
|Debts falling due after 1 year|(114,344)|7,914|(106,430)|
||(122,116)|7,914|(114,202)|
|**Total**|89,823|4,447|94,270|



The notes form part of these financial statements 

Page 14 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Notes to the Financial Statements for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

Trinity Life Church is a private company limited by guarantee registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. 

The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

The charity receives government grants in respect of Job retention scheme. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Church equipment 

- 15% on reducing balance 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities.  Expenses are inclusive of VAT where applicable. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

continued... 

Page 15 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

## **1. ACCOUNTING POLICIES - continued** 

## **Fund accounting** 

Restricted funds represent mission income and can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Government grants** 

Government grants receivable in relation to job retention scheme and retail scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Debtors and creditors receivable/payable within one year** 

Debtors and creditors are stated at transaction price. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand and cash on deposit. 

## **Going concern** 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. 

## **2. OTHER TRADING ACTIVITIES** 

|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|Activities and clubs|805|2,780|
|Oak Centre|42,127|54,967|
||42,932|57,747|



Of total income from other trading activities £42,932 (2019: £57,747) was unrestricted and £Nil (2019: £Nil) was restricted. 

continued... 

Page 16 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **3. INVESTMENT INCOME** 

|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|Rents received|1,350|25,050|
|Deposit account interest|853|659|
||2,203|25,709|



Of total income from investments £2,203 (2019: £25,709) was unrestricted and £NIL (2019: £234) was restricted. 

## **4. OTHER INCOME** 

|**OTHER INCOME**|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|Job retention scheme grants|18,620|-|



## **5. OTHER** 

Included in the Other expenditure is as follows: 

|Wages &<br>salaries<br>Special gifts<br>Project costs<br>Other<br>operating<br>expenses<br>Finance costs<br>Governance<br>costs|Unrestricted<br>funds<br>£<br>329,994<br>-<br>14,438<br>77,386<br>2,330<br>2,159<br>426,307|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-|31.12.20<br>Total<br>funds<br>£<br>329,994<br>-<br>14,438<br>77,386<br>2,330<br>2,159<br>426,307|Unrestricted<br>funds<br>£<br>330,592<br>5,911<br>20,308<br>91,412<br>2,600<br>4,983<br>455,806|Restricted<br>funds<br>£<br>-<br>-<br>-<br>702<br>-<br>-<br>702|31.12.19<br>Total<br>funds<br>£<br>330,592<br>5,911<br>20,308<br>92,114<br>2,600<br>4,983|
|---|---|---|---|---|---|---|
|||||||456,508|



Included in the analysis above is expenditure relating to the Oak Centre as follows: 

||31.12.20|31.12.19|
|---|---|---|
||£|£|
|Wages|14,721|13,894|
|Social security|525|251|
|Pensions|1,201|822|
|Repairs, cleaning and maintenance|5,804|14,913|
|Catering|271|606|
|Project costs|9,081|8,938|
|Office expenses|2,244|1,442|



continued... 

Page 17 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **5. OTHER - continued** 

|Telephone and IT expenses<br>Insurance<br>Bank charges|433<br>762<br>672<br>35,174|691<br>722<br>818|
|---|---|---|
|||43,097|



## **6. NET INCOME/(EXPENDITURE)** 

- The total fee paid to the independent examiner was £1,260 (2019 £1,200) which was for the independent examination. 

## **7. TRUSTEES' REMUNERATION AND BENEFITS** 

The following trustees received emoluments during the year.  They are paid in their capacity as ministers of the Church for which the legal authority is given in the Articles of Association. 

|D Hind<br>Remuneration for ministry support<br>Pension contributions<br>Benefits in kind<br>J Prestwich<br>Remuneration for ministry support<br>Pension contributions|2020<br>£<br>44,505<br>4,451<br>2,400<br>51,356<br>31,150<br>935<br>32,085|2019<br>£<br>44,505<br>4,237<br>2,400|
|---|---|---|
|||51,142|
|||30,850<br>926|
|||31,776|



## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. 

continued... 

Page 18 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **8. STAFF COSTS** 

|31.12.20<br>£<br>Wages and salaries<br>286,996<br>Social security costs<br>17,396<br>Other pension costs<br>25,602<br>329,994<br>The average monthly number of employees during the year was as follows:<br>31.12.20<br>Total number of staff<br>23<br>No employees received emoluments in excess of £60,000.<br>**9.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>513,200<br>36,365<br>Other trading activities<br>57,747<br>-<br>Investment income<br>25,475<br>234<br>**Total**<br>596,422<br>36,599<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Ministries<br>110,559<br>-<br>Giving away<br>36,858<br>53,752<br>Other<br>455,806<br>702<br>**Total**<br>603,223<br>54,454<br>**NET INCOME/(EXPENDITURE)**<br>(6,801)<br>(17,855)<br>**Transfers between funds**<br>(19,167)<br>19,167<br>**Net movement in funds**<br>(25,968)<br>1,312<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>915,320<br>102,006||31.12.19<br>£<br>287,147<br>19,046<br>24,399<br>330,592<br>31.12.19<br>20<br>Total<br>funds<br>£<br>549,565<br>57,747<br>25,709<br>633,021<br>110,559<br>90,610<br>456,508<br>657,677<br>(24,656)<br>-<br>(24,656)<br>1,017,326|
|---|---|---|
||||
||||
||||
||||



continued... 

Page 19 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

|**9.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>**TOTAL FUNDS CARRIED FORWARD**<br>889,352<br>103,318<br>**10.**<br>**TANGIBLE FIXED ASSETS**<br>Freehold<br>Church<br>property<br>equipment<br>£<br>£<br>**COST**<br>At 1 January 2020<br>836,132<br>109,499<br>Additions<br>-<br>6,678<br>Disposals<br>-<br>(2,599)<br>At 31 December 2020<br>836,132<br>113,578<br>**DEPRECIATION**<br>At 1 January 2020<br>-<br>32,269<br>Charge for year<br>-<br>12,322<br>Eliminated on disposal<br>-<br>(837)<br>At 31 December 2020<br>-<br>43,754<br>**NET BOOK VALUE**<br>At 31 December 2020<br>836,132<br>69,824<br>At 31 December 2019<br>836,132<br>77,230||Total<br>funds<br>£|
|---|---|---|
|||992,670|
|||Totals<br>£<br>945,631<br>6,678<br>(2,599)<br>949,710<br>32,269<br>12,322<br>(837)<br>43,754<br>905,956<br>913,362|



In the absence of a formal valuation the freehold property is included at the original cost. The trustees consider that no depreciation should be provided due to the mixed use nature of the property and the property's high residual value. 

## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**DEBTORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|Trade debtors|2,406|3,802|
|Other debtors|16,847|11,045|
|Prepayments|13,710|20,835|
||32,963|35,682|



continued... 

Page 20 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Bank loans and overdrafts (see note 14)<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accrued expenses<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**<br>Bank loans (see note 14)<br>**14.**<br>**LOANS**<br>An analysis of the maturity of loans is given below:<br>Amounts falling due within one year on demand:<br>Bank loans<br>Amounts falling between one and two years:<br>Bank loans - 1-2 years<br>Amounts falling due between two and five years:<br>Bank loans - 2-5 years<br>Amounts falling due in more than five years:<br>Repayable by instalments:<br>Bank loans more 5 yr by instal|31.12.20<br>£<br>7,772<br>6,061<br>3,205<br>12,748<br>2,743<br>32,529<br>31.12.20<br>£<br>106,430<br>31.12.20<br>£<br>7,772<br>7,772<br>23,316<br>75,342|31.12.19<br>£<br>7,772<br>16,453<br>5,192<br>10,668<br>13,884<br>53,969<br>31.12.19<br>£<br>114,344|31.12.19<br>£<br>7,772<br>16,453<br>5,192<br>10,668<br>13,884<br>53,969<br>31.12.19<br>£<br>114,344|
|---|---|---|---|
|||31.12.19<br>£<br>7,772<br>7,772<br>23,316<br>83,256||
||||7,772|
||||23,316|
||||83,256|



continued... 

Page 21 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **15. LEASING AGREEMENTS** 

Minimum lease payments under non-cancellable operating leases fall due as follows: 

|Within one year<br>Between one and five years<br>**SECURED DEBTS**<br>The following secured debts are included within creditors:<br>Bank loans|31.12.20<br>£<br>528<br>-<br>528<br>31.12.20<br>£<br>114,202|31.12.19<br>£<br>792<br>528<br>1,320<br>31.12.19<br>£<br>122,116|
|---|---|---|



## **16. SECURED DEBTS** 

The bank loan is secured on the freehold property. 

## **17. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building fund<br>Missions<br>Grants<br>**TOTAL FUNDS**|At 1.1.20<br>£<br>889,352<br>103,064<br>-<br>254<br>103,318<br>992,670|Net<br>movement<br>in funds<br>£<br>20,696<br>530<br>(14,784)<br>9,320<br>(4,934)<br>15,762|Transfers<br>between<br>At<br>funds<br>31.12.20<br>£<br>£<br>(7,784)<br>902,264<br>(7,000)<br>96,594<br>14,784<br>-<br>-<br>9,574<br>7,784<br>106,168<br>-<br>1,008,432|At<br>31.12.20<br>£<br>902,264<br>96,594<br>-<br>9,574|
|---|---|---|---|---|
|||||106,168|



continued... 

Page 22 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

## **Trinity Life Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **17. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building fund<br>Missions<br>Grants<br>Open hands building<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>531,028<br>530<br>29,125<br>9,320<br>24,748<br>63,723<br>594,751|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(510,332)<br>20,696<br>-<br>530<br>(43,909)<br>(14,784)<br>-<br>9,320<br>(24,748)<br>-<br>(68,657)<br>(4,934)<br>(578,989)<br>15,762|
|---|---|---|



## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building fund<br>Missions<br>Grants<br>**TOTAL FUNDS**|At 1.1.19<br>£<br>915,320<br>101,550<br>-<br>456<br>102,006<br>1,017,326|Net<br>movement<br>in funds<br>£<br>(6,801)<br>1,514<br>(19,167)<br>(202)<br>(17,855)<br>(24,656)|Transfers<br>between<br>funds<br>£<br>(19,167)<br>-<br>19,167<br>-<br>19,167<br>-|At<br>31.12.19<br>£<br>889,352<br>103,064<br>-<br>254<br>103,318<br>992,670|
|---|---|---|---|---|



continued... 

Page 23 



DocuSign Envelope ID: 17FEB31E-C7B2-48EB-A57F-7F82327DF328 

**Notes to the Financial Statements - continued for the Year Ended 31 December 2020** 

## **Trinity Life Church** 

## **17. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building fund<br>Missions<br>Grants<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>596,422<br>1,514<br>34,585<br>500<br>36,599<br>633,021|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(603,223)<br>(6,801)<br>-<br>1,514<br>(53,752)<br>(19,167)<br>(702)<br>(202)<br>(54,454)<br>(17,855)<br>(657,677)<br>(24,656)|
|---|---|---|



## **Building fund** 

Funds received specifically to assist with finding a city centre location. 

## **Mission's fund** 

Funds given specifically for missions can only be spend for missions. 

## **Grants** 

Grant re Covid adaptions. 

## **Transfers between funds** 

Transfers were made in the year to cover the overspend of the missions fund and also to show a restricted donation in relation to the building fund. 

## **18. RELATED PARTY DISCLOSURES** 

During the year £35,166 (2019: £31,743) of donations were received without conditions from trustees. This includes £NIL (2019: £6,938) of restricted donations. 

Three of the trustees also serve on the board of Open Hands Trust (Leicester) (No.1121334) and during the year Trinity Life Church made a £7,000 (2019 - £17,000) donation to this charity. Also during the year costs of £21,380  (2019: £19,435) have been recharged to Open Hands Trust (Leicester) in relation to administration and accounts costs. 

Page 24