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2021-04-30-accounts

Annual Report and Financial Statements for the Year Ended 30 April 2021

Life Community Church Storrington

Charity registration number: 1172456

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

LIFE COMMUNITY CHURCH STORRINGTON

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Financial Statements 10 to 18

LIFE COMMUNITY CHURCH STORRINGTON

Reference and Administrative Details

Trustees Peter Verheul Stuart Spinney Dr Bonnie Tse Timothy Burr Principal Office Oakside West Chiltington Road Pulborough West Sussex RH20 2PR Charity Registration 1172456 Number Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

Page 1

LIFE COMMUNITY CHURCH STORRINGTON

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 30 April 2021.

Objectives and activities

Structure, governance and management

Nature of governing document

Life Community Church Storrington is a registered charity, number 1172456, and is constituted under a Trust deed.

Recruitment and appointment of trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Organisational structure

The charity is overseen by the Trustees listed on page 1. The day to day running of the church fellowship is overseen by five elders and seven deacons.

Risk Management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objects and aims

The principal objective of the charity is the advancement of the Christian religion, and related charitable purposes, both in our local community and through mission overseas.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

In advancing the Christian religion, the charitable outreach of the church is inspired by Jesus himself: ‘I was hungry and you gave me something to eat, thirsty and you gave me something to drink. I was a stranger and you invited me in, I needed clothes and you clothed me, ill and you looked after me, in prison and you came to visit me.’ Matthew 25: 35-37 NIV.

We provide food for people in need, both as a church and through the local foodbank, and, jointly with other local churches, prepare shared meals for people who might otherwise eat alone. At Christmas, we also distribute special parcels of seasonal fare to local people, and send gift boxes to people overseas who might receive little else. For children, we run monthly after-school activities with refreshments including dinner.

As a church, we hold weekly Sunday meetings of Christian worship, teaching and encouragement, all of them open and with members of the public invited. Prayer meetings are also held from week to week, and small group meetings in which all are able to participate.

Page 2

LIFE COMMUNITY CHURCH STORRINGTON

Trustees' Report

Achievements and performance

Review of activities

Throughout the past year these activities have had to be modified, as the Church has sought to apply measures prescribed by public authorities to combat the Covid pandemic. Sunday services were moved online, where they remained available through the year; but as restrictions were relaxed, it proved possible to hire sports halls large enough for social distancing requirements to be met for the church as a whole. Outdoor meetings also took place, in Covid-compliant small groups. Youth sessions have continued online, or face-to-face as and when permitted.

The church's income is largely donated through the banking system, and has been well sustained. Income lost from church collections has been comparatively small, and there have been savings in hall hire costs and other operating expenses.

Community engagement has also been affected by Covid restrictions, but here a new initiative has been taken, with the acquisition of shop premises in the middle of Storrington. These have been converted into ‘The Village Hub’, an accessible bridgehead into the community, where people can drop in, share refreshments, learn more about the church, and if they wish seek input from the church.

Social prescribing and debt counselling are provided there, and a number of outreach programmes are planned, with some already under way. These include coffee mornings for parents/guardians, tea parties for the elderly, art/craft activities and events, homework club, Bible exploration, and more. The Lord’s Larder, whereby the charity has for many years provided bespoke food parcels to people in crisis, will operate from the Hub on resuming post-Covid. During lockdown the Larder was less active, with lower referrals from the family centre and GPs, but recurring support was instead given to families known to be in difficulty.

We also continued to work with partners where possible. Although the food bank location in Storrington was not open, we continued to provide volunteers who assisted with food bank deliveries direct to clients in the Storrington and Pulborough area. And though the Sunday Lunch Club run by four local churches was unable to operate during the year, contact was maintained with guests, and a Christmas meal delivered without charge to more than 50 of them, all older people. Our Friday youth group has moved to the reopened Storrington Sports Centre, where it has been able to attract more young people from the wider community.

Overseas we continued to support a number of external mission partners including:

• the founders of New Life Homes in Kenya, which over 25 years has rescued over 2000 infants born to HIV-positive mothers and cared for them in its seven homes;

• two workers promoting literacy among the Hausa people in West Africa as part of their Christian ministry;

• two more working among the poor in Madagascar, where as part of their ministry they run a primary school;

Page 3

LIFE COMMUNITY CHURCH STORRINGTON

Trustees' Report

During the year under review, the charity employed an assistant minister and an outreach co-ordinator, both full-time, and two part-time workers: an elder and an administrator.

The Trust is a member of the Evangelical Alliance.

Financial review

During the period the charity made a surplus of £419,572 (2020: surplus of £26,033) reflecting major donations to fund the acquisition of shop premises as described in the review of activities above. This amount is added to reserves of £70,224 brought forward from the previous year and therefore the closing reserves at the balance sheet date amount to £489,796.

Policy on reserves

The charity aims to maintain reserves adequate to continue its charitable operations. At the end of the year the total unrestricted reserves carried forward amounted to £470,778 (2020: £67,566).

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Page 4

LIFE COMMUNITY CHURCH STORRINGTON

Trustees' Report

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 8 December 2021 and signed on its behalf by:

P Verheul

P Verheul (Dec 21, 2021 10:32 GMT)

......................................... Peter Verheul Trustee

Page 5

LIFE COMMUNITY CHURCH STORRINGTON

Independent Examiner's Report to the trustees of Life Community Church Storrington

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2021 which are set out on pages 7 to 18.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Life Community Church Storrington you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Life Community Church Storrington's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since Life Community Church Storrington's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material 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 Life Community Church Storrington as required by section 130 of the Act; or

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

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

...................................... G W Schulz ACMA

Independent Examiners Ltd

8 December 2021

Page 6

LIFE COMMUNITY CHURCH STORRINGTON

Statement of Financial Activities for the Year Ended 30 April 2021

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
539,117
Charitable activities
3
-
Investment income
4
120
Other income
5
-
Total income
539,237
Expenditure on:
Charitable activities
6
136,290
Total expenditure
136,290
Net income
402,947
Net movement in funds
402,947
Reconciliation of funds
Total funds brought
forward
67,566
Total funds carried
forward
13
470,513
Restricted
funds
£
67,075
-
-
-
67,075
50,450
50,450
16,625
16,625
2,658
19,283
Total
2021
£
606,192
-
120
-
606,312
186,740
186,740
419,572
419,572
70,224
489,796
Total
2020
£
162,701
4,365
187
779
168,032
141,999
141,999
26,033
26,033
44,191
70,224

The notes on pages 10 to 18 form an integral part of these financial statements. Page 7

LIFE COMMUNITY CHURCH STORRINGTON

Balance Sheet as at 30 April 2021

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: Amounts falling due within one year
12
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
13
2021
£
405,706
8,670
76,537
85,207
(1,117)
84,090
489,796
19,283
470,513
489,796
2020
£
-
5,878
65,045
70,923
(699)
70,224
70,224
2,998
67,226
70,224

The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 8 December 2021 and signed on their behalf by:

----- Start of picture text -----
P Verheul
----- End of picture text -----

P Verheul (Dec 21, 2021 10:32 GMT) ......................................... Peter Verheul Trustee

The notes on pages 10 to 18 form an integral part of these financial statements. Page 8

LIFE COMMUNITY CHURCH STORRINGTON

Cash Flow Statement for the Year Ended 30 April 2021

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
4
Working capital adjustments
(Increase)/decrease in debtors
11
Increase in creditors
12
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
4
Purchase of tangible fixed assets
10
Net cash flows from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 May
Cash and cash equivalents at 30 April
2021
£
419,572
14,102
(120)
433,554
(2,792)
418
431,180
120
(419,808)
(419,688)
11,492
65,045
76,537
2020
£
26,033
-
(187)
25,846
506
383
26,735
187
-
187
26,922
38,123
65,045

The notes on pages 10 to 18 form an integral part of these financial statements. Page 9

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Life Community Church Storrington meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Page 10

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings 2% on cost
Furniture and equipment 25% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 11

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 12

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

2 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
184,311
Gift aid reclaimed
28,406
Grants, including capital
grants;
Grants
326,400
539,117
3 Income from charitable activities
Events
4 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
5 Other income
Insurance claim
Restricted
funds
£
39,225
-
27,850
67,075
Unrestricted
funds
General
£
120
Total
2021
£
223,536
28,406
354,250
606,192
Total
2021
£
-
Total
2021
£
120
Total
2021
£
-
Total
2020
£
131,118
27,083
4,500
162,701
Total
2020
£
4,365
Total
2020
£
187
Total
2020
£
779

Page 13

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

6 Expenditure on charitable activities

Note
Events
Church ministries
Mission travel
Community
centre
Rent and utilities
Insurance and
rates
Motor expenses
Telephone
Printing, post
and stationery
Equipment
Subscriptions &
licenses
Advertising &
publications
Professional fees
Sundry office
costs
Bank charges
Independent
examination
Depreciation
Grant funding of
activities
7
Staff costs
9
Unrestricted
funds
General
£
6,795
8,738
-
2,525
8,977
1,444
147
380
1,103
5,001
1,103
270
385
268
72
540
7,900
30,045
60,597
136,290
Restricted
funds
£
-
2,869
-
4,702
-
-
-
-
170
-
-
-
-
-
-
-
6,202
23,340
13,167
50,450
Total
2021
£
6,795
11,607
-
7,227
8,977
1,444
147
380
1,273
5,001
1,103
270
385
268
72
540
14,102
53,385
73,764
186,740
Total
2020
£
14,057
13,739
1,967
-
8,700
257
-
217
403
2,606
399
340
953
-
105
480
-
59,396
38,380
141,999

Page 14

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

7 Grant-making

Analysis of grants

Mission support and
missionary gifts
Grants to institutions
2021
£
2020
£
29,810
22,761
Grants to individuals
2021
£
2020
£
23,574
36,635

8 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
2021
£
67,410
829
5,525
73,764
2020
£
34,652
318
3,410
38,380

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

Employees 2021
No
4
2020
No
2

No employee received emoluments of more than £60,000 during the year

Page 15

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

10 Tangible fixed assets

Land and
buildings
£
Cost
Additions
395,000
At 30 April 2021
395,000
Depreciation
Charge for the year
7,900
At 30 April 2021
7,900
Net book value
At 30 April 2021
387,100
11 Debtors
Prepayments
Accrued income
12 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Land and
buildings
£
395,000
Furniture
and
equipment
£
24,808
Total
£
419,808
419,808
14,102
14,102
405,706
2020
£
757
5,121
395,000 24,808
7,900 6,202
7,900 6,202
387,100 18,606
2021
£
1,259
7,411
8,670
2021
£
-
1,117
-
1,117
5,878
2020
£
392
298
9
699

Page 16

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

13 Funds

Unrestricted funds
General
General Funds
Restricted funds
Schein fund
Lord's Larder
Jodie Davis fund
Specific gifts
Lyanna Bethel fund
Missions collections
Apprenticeship fund
Outreach co-ordinator
Maia Peat fund
Kings fund
The Village Hub
Total funds
Balance at
1 May 2020
£
67,566
710
98
-
-
-
1,850
-
-
-
-
-
2,658
70,224
Incoming
resources
£
539,237
6,320
850
3,000
75
4,350
-
5,600
13,500
5,000
2,310
26,070
67,075
606,312
Resources
expended
£
(136,290)
(6,530)
(730)
(3,000)
(70)
(3,950)
(1,845)
(2,803)
(13,308)
(5,000)
(2,310)
(10,904)
(50,450)
(186,740)
Balance at
30 April
2021
£
470,513
500
218
-
5
400
5
2,797
192
-
-
15,166
19,283
489,796

Page 17

LIFE COMMUNITY CHURCH STORRINGTON

Notes to the Financial Statements for the Year Ended 30 April 2021

Balance
Balance at 30
at 1 May Incoming Resources April
2019 resources expended Transfers 2020
£ £ £ £ £
Unrestricted funds
General
General Funds 43,146 138,949 (114,634) (235) 67,226
Restricted funds
Schein fund 710 6,320 (6,320) - 710
Lord's Larder 335 155 (392) - 98
Jodie Davis fund - 6,000 (6,000) - -
Specific gifts - 570 (570) - -
Lyanna Bethel fund - 7,890 (8,125) 235 -
Missions collections - 7,808 (5,958) - 1,850
1,045 28,743 (27,365) 235 2,658
Total funds 44,191 167,692 (141,999) - 69,884
**14 Analysis of net assets between ** funds
Unrestricted Total funds
funds
Restricted
at 30 April
General funds 2021
£ £ £
Tangible fixed assets 405,706 - 405,706
Current assets 81,355 3,852 85,207
Current liabilities (1,117) - (1,117)
Total net assets 485,944 3,852 489,796
Unrestricted Total funds
funds
Restricted
at 30 April
General funds 2020
£ £ £
Current assets 68,265 2,658 70,923
Current liabilities (699) - (699)
Total net assets 67,566 2,658 70,224

Page 18

The Community Church Storrington 30apr2021 - Accounts

Final Audit Report

2021-12-21

Created: 2021-12-09 By: Gary Schulz (gary@iel.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAXwBPSSaRiYW32fgjqhuczA7NLmofI4vk

"The Community Church Storrington 30apr2021 - Accounts" Hist ory

Document created by Gary Schulz (gary@iel.org.uk)

2021-12-09 - 8:57:28 AM GMT- IP address: 94.2.195.40

Document emailed to P Verheul (peter@hortisystems.co.uk) for signature

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Document e-signed by P Verheul (peter@hortisystems.co.uk)

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