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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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**<br>**Unrestricted**<br>**funds**<br>**£**<br>**Income and Endowments from:**<br>Donations and legacies<br>2<br>539,117<br>Charitable activities<br>3<br>-<br>Investment income<br>4<br>120<br>Other income<br>5<br>-<br>Total income<br>539,237<br>**Expenditure on:**<br>Charitable activities<br>6<br>136,290<br>Total expenditure<br>136,290<br>Net income<br>402,947<br>Net movement in funds<br>402,947<br>**Reconciliation of funds**<br>Total funds brought<br>forward<br>67,566<br>Total funds carried<br>forward<br>13<br>470,513|**Restricted**<br>**funds**<br>**£**<br>67,075<br>-<br>-<br>-<br>67,075<br>50,450<br>50,450<br>16,625<br>16,625<br>2,658<br>19,283|**Total**<br>**2021**<br>**£**<br>606,192<br>-<br>120<br>-<br>606,312<br>186,740<br>186,740<br>419,572<br>419,572<br>70,224<br>489,796|**Total**<br>**2020**<br>**£**<br>162,701<br>4,365<br>187<br>779|
|---|---|---|---|
||||168,032|
||||141,999|
||||141,999|
||||26,033|
||||26,033<br>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**<br>**Fixed assets**<br>Tangible assets<br>10<br>**Current assets**<br>Debtors<br>11<br>Cash at bank and in hand<br>**Creditors: Amounts falling due within one year**<br>12<br>**Net current assets**<br>**Net assets**<br>**Funds of the charity:**<br>**Restricted income funds**<br>Restricted funds<br>**Unrestricted income funds**<br>Unrestricted funds<br>**Total funds**<br>13|**2021**<br>**£**<br>405,706<br>8,670<br>76,537<br>85,207<br>(1,117)<br>84,090<br>489,796<br>19,283<br>470,513<br>489,796|**2020**<br>**£**<br>-<br>5,878<br>65,045|
|---|---|---|
|||70,923<br>(699)|
|||70,224|
|||70,224|
|||2,998<br>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 -----**<br>
P Verheul<br>**----- End of picture text -----**<br>


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**<br>**Cash flows from operating activities**<br>Net cash income<br>**Adjustments to cash flows from non-cash items**<br>Depreciation<br>Investment income<br>4<br>**Working capital adjustments**<br>(Increase)/decrease in debtors<br>11<br>Increase in creditors<br>12<br>Net cash flows from operating activities<br>**Cash flows from investing activities**<br>Interest receivable and similar income<br>4<br>Purchase of tangible fixed assets<br>10<br>Net cash flows from investing activities<br>Net increase in cash and cash equivalents<br>Cash and cash equivalents at 1 May<br>Cash and cash equivalents at 30 April|**2021**<br>**£**<br>419,572<br>14,102<br>(120)<br>433,554<br>(2,792)<br>418<br>431,180<br>120<br>(419,808)<br>(419,688)<br>11,492<br>65,045<br>76,537|**2020**<br>**£**<br>26,033<br>-<br>(187)|
|---|---|---|
|||25,846<br>506<br>383|
|||26,735|
|||187<br>-|
|||187|
|||26,922<br>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**<br>**funds**<br>**General**<br>**£**<br>Donations and legacies;<br>Donations<br>184,311<br>Gift aid reclaimed<br>28,406<br>Grants, including capital<br>grants;<br>Grants<br>326,400<br>539,117<br>**3 Income from charitable activities**<br>Events<br>**4 Investment income**<br><br>Interest receivable and similar income;<br>Interest receivable on bank deposits<br>**5 Other income**<br>Insurance claim|**Restricted**<br>**funds**<br>**£**<br>39,225<br>-<br>27,850<br>67,075<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>120|**Total**<br>**2021**<br>**£**<br>223,536<br>28,406<br>354,250<br>606,192<br>**Total**<br>**2021**<br>**£**<br>-<br>**Total**<br>**2021**<br>**£**<br>120<br>**Total**<br>**2021**<br>**£**<br>-|**Total**<br>**2020**<br>**£**<br>131,118<br>27,083<br>4,500|
|---|---|---|---|
||||162,701|
||||**Total**<br>**2020**<br>**£**<br>4,365|
||||**Total**<br>**2020**<br>**£**<br>187|
||||**Total**<br>**2020**<br>**£**<br>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**<br>Events<br>Church ministries<br>Mission travel<br>Community<br>centre<br>Rent and utilities<br>Insurance and<br>rates<br>Motor expenses<br>Telephone<br>Printing, post<br>and stationery<br>Equipment<br>Subscriptions &<br>licenses<br>Advertising &<br>publications<br>Professional fees<br>Sundry office<br>costs<br>Bank charges<br>Independent<br>examination<br>Depreciation<br>Grant funding of<br>activities<br>7<br>Staff costs<br>9|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>6,795<br>8,738<br>-<br>2,525<br>8,977<br>1,444<br>147<br>380<br>1,103<br>5,001<br>1,103<br>270<br>385<br>268<br>72<br>540<br>7,900<br>30,045<br>60,597<br>136,290|**Restricted**<br>**funds**<br>**£**<br>-<br>2,869<br>-<br>4,702<br>-<br>-<br>-<br>-<br>170<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>6,202<br>23,340<br>13,167<br>50,450|**Total**<br>**2021**<br>**£**<br>6,795<br>11,607<br>-<br>7,227<br>8,977<br>1,444<br>147<br>380<br>1,273<br>5,001<br>1,103<br>270<br>385<br>268<br>72<br>540<br>14,102<br>53,385<br>73,764<br>186,740|**Total**<br>**2020**<br>**£**<br>14,057<br>13,739<br>1,967<br>-<br>8,700<br>257<br>-<br>217<br>403<br>2,606<br>399<br>340<br>953<br>-<br>105<br>480<br>-<br>59,396<br>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<br>missionary gifts|**Grants to institutions**<br>**2021**<br>**£**<br>**2020**<br>**£**<br>29,810<br>22,761|**Grants to individuals**<br>**2021**<br>**£**<br>**2020**<br>**£**<br>23,574<br>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:**<br>Wages and salaries<br>Social security costs<br>Pension costs|**2021**<br>**£**<br>67,410<br>829<br>5,525<br>73,764|**2020**<br>**£**<br>34,652<br>318<br>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**<br>**No**<br>4|**2020**<br>**No**<br>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**<br>**buildings**<br>**£**<br>**Cost**<br>Additions<br>395,000<br>At 30 April 2021<br>395,000<br>**Depreciation**<br>Charge for the year<br>7,900<br>At 30 April 2021<br>7,900<br>**Net book value**<br>At 30 April 2021<br>387,100<br>**11 Debtors**<br>Prepayments<br>Accrued income<br>**12 Creditors: amounts falling due within one year**<br>Trade creditors<br>Other taxation and social security<br>Other creditors|**Land and**<br>**buildings**<br>**£**<br>395,000||**Furniture**<br>**and**<br>**equipment**<br>**£**<br>24,808||**Total**<br>**£**<br>419,808<br>419,808<br>14,102<br>14,102<br>405,706<br>**2020**<br>**£**<br>757<br>5,121|
|---|---|---|---|---|---|
||395,000||24,808|||
||7,900||6,202|||
||7,900||6,202|||
||387,100||18,606|||
||||**2021**<br>**£**<br>1,259<br>7,411<br>8,670<br>**2021**<br>**£**<br>-<br>1,117<br>-<br>1,117|||
||||||5,878|
||||||**2020**<br>**£**<br>392<br>298<br>9|
||||||699|



Page 16 



## **LIFE COMMUNITY CHURCH STORRINGTON** 

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

## **13 Funds** 

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

2021-12-09 - 8:58:56 AM GMT 

## Email viewed by P Verheul (peter@hortisystems.co.uk) 

2021-12-17 - 12:20:07 PM GMT- IP address: 109.148.113.75 

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

Signature Date: 2021-12-21 - 10:32:39 AM GMT - Time Source: server- IP address: 109.148.113.75 

## Document emailed to Gary Schulz (gary@iel.org.uk) for signature 

2021-12-21 - 10:32:40 AM GMT 

## Email viewed by Gary Schulz (gary@iel.org.uk) 

2021-12-21 - 11:16:16 AM GMT- IP address: 94.2.195.40 

## Document e-signed by Gary Schulz (gary@iel.org.uk) 

Signature Date: 2021-12-21 - 11:16:33 AM GMT - Time Source: server- IP address: 94.2.195.40 

## Agreement completed. 

2021-12-21 - 11:16:33 AM GMT 

