LIFE CHRISTIAN CEThE LIFE CHRISTIAN CENTRE ANNUAL REPORT AND ACCOUNTS YEAR ENDING 31$7 MARCH 2022
LIFE CHRISTIAN CENTRE ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Pa Charity Information Trustees, Report Independent Examiner's Report Accountants, Report Income & Expenditure Statement io Financial Position Statement li Notes to the Accounts 13 Detailed Financial Statement 20 21Page
LIFE CHRISTIAN CENTRE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 Trustees l Maunder T Amuti C Jena E C Mutsigwa Charlty Number: 1177665 ReBlStered Office 107 Church Street. Walsall. Bloxwich. West Midlands. WS3 3JQ Accountants Faithcor Accounting & Financial Services Ltd Derwent House 4246 Waterloo Road Wolverhampton West Midlands WVI 4XB 31Page
LIFE CHRISTIAN CENTRE {LCC)-TRUSTEES' REPORT The Trustees presents this Annual Report and Accounts for the year ended 31 March 2022. Trustees l Maunder (Chairperson) T A Muti (Admin) C Jena E C Mutsigwa All held office during the whole of the period. Objectives and Activities Purpose The advancement of the Christian religion, in particular but not exclusively by promoting Christian values through teaching and training. Main Activities Llfe Christlan Centre is a Midlands based ¢ommunity church and operates from Beechdale Walsall . Its membership, however, stretches beyond this community to include the rest of the West Midlands. The Charity is run and guided by Reverend john Maunder, together with and support from other Trustees and a range of volunteer teams who oversee various aspects of the church's life and work. The main activity of Life Christian Centre is the development and naturing what God has given us and to be an increasingly effective centre for our local community, 8iving people of every age the oppor- tunity to experience the love of God, in Jesus, through the Spirit for themselves. Our mission is outlined as follows: Advancement of the Christian Faith in accordance with the doctrines set out in article of faith and the worship of God in the county of West Midlands and elsewhere. Provide a place of prayer. teaching on Christian Values, encouraEement and support for our members and member5 of the community. Relief of per50n5 who are in conditions of need, hardship and distress or who are aged and sick. Engage in appropriate Christian outreach to those who do not consider themselves as Christians. To support the work of Christians around the world 41Page
Achievements and Performance It has been another difficult year in terms of attendances and the flexibility to carry out our full Charity activities. The churches had been allowed to open again from July 2020 with safety restrirtions regarding singing and maintaining distances between attendees and general hygiene within the auditorium. It was around February that most of the restrictions- especially on singing in indoor meeting were further taken away. By April 2021 our Church doors were now open to all worshippers. However, most of the church members still felt uncomfortable to be in physical attendance. For this reason, Church attendances remained very low for months, but gradually some began to find their way with new members joining in the period. In terms ol Ministry- everythin8 possible was now being done in terms of the condurt of services. Sunday Services were being held every Sunday from 11 AM. We also maintained our online services to cater for those who preferred to watch online. Bible Study and Prayer Meeting continued being done online- on Zoom Platform. Unfortunatelv, the overall numbers coming to Zoom meetings on these days has remained lower than experted post Covid restrictions period. Other Church activities were done durin8 this period- like The Men's Meeting and The Couples Meeting at Church. Also done was an Evangelistic outin8 to the Walsall Town Parks. We had a Leaders Meal Meeting at the Dine & Wine in Walsall on 6- November 2021. Other Leaders Meetings were being held regularly on the Zoom platform. We however. are lookin8 forward to better times as the Covid situation become repressed and things return to normal. In terms of Church activities- almost nothing was happening as we were following the Government guidelines. No conferences were held. and no outings were done by any of our groups during the period. As our tradition no external ministers were invited during this period. Despite moving to online services in order to mitigate the impact of the pandemic the attendance and participation by members fell drastically with only about one- third of the congregation number5 in attendance. Trustee Remuneration No member5 of the Trv5tee Board received any remuneration or allowance in the year under review All work input carried out and benefiting the Charity has been done on a voluntary basis. Financial Review Overall income received in the period under review was £19, 715 fmm £16,063, in the previous year. The increase was due to Gift Aid provision which had not been claimed in the previous year. There were no offering Sunday collection and Project pledges which under normal circumstances would make up aiiout 20% of the total revenue. The low collections and tithe inflow in turn affected the amount we would be eligible under Gift Aid. 51Page
Glft p510 has induded in the}riderCOnSeraltoTr. The bulk OF tr Irffle carne from memberf VOIry maklnA 84% of thE tvt•l The lunds expanded In the pewh)d totalled £15.720 ¥hth rentaLs belwihe m•fvT COSL leav1 us wlth addltional reserves of only£S.995. The c05t5 outhow strpxtur• in th• ye•r•F• summarfsed a5folkrws: 2022 2020 2021 no kncrease 012.65% from the prtrTh)us n2.025 . Tlwe werr rKJ wrtha5ed Im thE perlod Reserves Thè trusteesdefine thechawWsfmréstThs as unre5tr1cted assetswthlchare a¥allable to thetharty nd to be experKled at the TiuSt. dlscretion in furtherance of any of the £h&rity's tsbJertlve5, but which has notyei been spenL MItt•d (ff desn•t•AI. To meet our monthty exper4es an a¥era8e of £2.040 ts requlred. The trustees conftrm that the free reserves shovld be held at a min#num OF £6.(KQ representi% in •verny of thiee fflonth's monthly expeTr5es. At theen0oftyealfroÉ unrestrittdfundsofÉ12,928were4vallatAe. whlch15wellaLThe th¢ charfts a(OPtsb re5eTh*& The reserves bJSlt Irom the prevvJu5 years hwe hplped u5 lo wll thro¥h In the thb5¥eryth•ll•Ins perlod and the Chartty forward forthlnp tOStart Imp1. J Maunder Ch•iip¥son $1
ststement of Trustees, Responsibillties The TfUStee5are re5m5(ble forsvepaclrylhe repytatwJa¢cE)Urtts (Ita¢eo¢darr(È wlth appllcable law Ind re8ulation5. Our coThsthution requ¢res the Tntytees to prere a¢ttunts for ea¢h fin•nelal ye•r. Under our conAltutlon, the Trustees ha% electtdto prepare the acmunts In ac£ordancewlth Unitrd n8dom Generalky A£cepted Practict IUn¢ed Kifi8dom Accountin8 Standards and athitabl• Lwl. Und•r our constltLthn the frustees mLtst not •ppthè thÈ a£tounts unless they are 50t15fied that they and faif ¥iew althe5t•teof•ffairsolthe (hrityJnd ol the Inrorne or EAw()ditu¢e of Uidiily lui thdt PeiK¥I. In preparlni these ¥£ounts, IheTrust¢es a reqU1f to... 1115e1ect5u1tab (Jnt1ry polkses ond •pptythem (on51stsntly. 121 make lud8Èments and estini&te5 that ale reasonable afid prudeni,. and 131 prepare the accountsm tpInIrm btslsunlEs5 It laPproPr towe5umethatth• Chatltywlll ¢oAttrtue lfttsutitO. TheTrurt•es Ire re5ponslblefor keep% adeqy8te Ktoun¥nKrecord5that art 5urnderttto showand exptsln the Charlty's transèrtlons and d15cIose wlth reasonable accuracy at any tlme the flnandal posltlon ol thè CrIty and enable them to ensure that the arwunts comply wlth the Accountln stsndard5. They also respons114e for mfward1 the a55ets of the Charty and hence for tan8 reasonable step5 forthe ptIrt and detection olfraud and other Irrewiarltles. SId on beh•Noltr* ofTru5tees l M•under (charPersonl T18• byth brd on". io S•pt•mber 2022
LIFE CHRISTIAN CENTRE ACCOUNTANTS, REPORT Accountants, report to the Trustee5 of Life Christian Centre on the preparation of the unaudited statutory accounts for the year ended 31 March 2022. In order to assist you to fulfil your duties under your constitution, we have prepared for your approval the account5 of Life Christian Centre for the period ended 31 March 2022 as set out on pages 9 to 20 from the LCCS accounting records and from information and explanations you have given us. This report is made solely to the Board of Trustees of Life Christian Centre. as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Life Christian Centre and state those matters that we have agreed to state to them. as a body, in this report. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than Life Christian Centre and its Board of Trustees as a body for our work or for this report. It is your duty to ensure that Life Christian Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets. liabilities. financial position and Income of Life Christian Centre. You consider that Life Christian Centre is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Life Christian Centre. For this reason, we have not verified the accuracy or completene55 of the accounting records or information and explanation5 you have Biven to us and we do not, therefore, expre55 any opinion on the statutory accounts. Falth¢or Ac¢ountln8 & Flnanclal Serylces Ltd Derwent House 42-46 Waterloo Road Wolverhampton West Midlands WVI 4x8 11 August 2022 91Page
Life Christian Centre Income & Expenditure Statement 12 Month for Year Ended 31 March 2022 2022 2021 Plotes Incoming Resources 19,715 16,603 Fund Ralsln8 Costs Gross Income 19.715 16.603 Admlnlstratlve Expenses 3,252 3,642 Admlnlstratlon: Salarles & Wages Dlrect Charlty A¢tSvltles 12,218 11,416 Governance Costs 250 250 Total Resources Expended 15,720 15,308 Net Fund Movement Translerred to Re- serves 3.995 1,295 101 Page
Life Christian Centre Balance Sheet As at 31 March 2022 Notes FIXED ASSETS Buildings Computers Equipment Music Equipment Office Furniture 27,466 546 28,036 982 1,376 1,542 89 2,353 839 31,204 32,025 CURRENT ASSETS Bank Debtors Savings 9,799 9,390 3,129 22,318 6,894 6,190 3,129 16,213 io LIABILITIES Creditors li 2,275 1,735 Net Current Assets 51,247 46,503 RESERVES Unrestricted Income Funds Retained Surplus Restricted Funds Special Projects/Building Fund TOTAL CHARITY FUNDS 51,247 46,503 51.247 46,503 Baard of Trustees
Statement of the Accounting Preparation Members have not required the Charity to obtain an audit, but have opted for an Independent Examination of the Accounts. Independent examination allows the trustees of smaller charities to opt for a Simpler form of external scrutirhy in place of an audit, and can be carried out by any person with the relevant ability and experience, except where the gross income exceeds £250,000, when onlv members of one of the bodie5 listed in the Charities Act15ee section 4.11 can audit the accounts. The trustees acknowledge their responsibilities for complying Wlth the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to charitable organisations subject to the small companies. regime 3nd in accordance with the provisions of FRS 102. Approved by the Board of Trustee on 22 October 2022 T Amuti Trustee (Admlnl
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 1. STATUTORY INFORMATION Life Christian Centre ILCCI is a Charitable Incorporated Organisats'on, registered in the UK with the Charites Commission 1177665. Address.. Stephenson SqlEdison Road, Walsall, United Kingdom, WS2 7DY. 2. BASIS OF PREPARATION 2.1 Basis of Accountlng These accounts have been prepared under the historical u)sl convention with ilems re¢jnised at Cost or transaction value unless otherwise slated in Ihe relevanl notelsl to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Ac• counb'ng and Reporting by Charilies preparing their accounts in accordance with the Financial Rtrport- ing Standard applicable in the UK and Republic of Ifelan(I IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. The charity ¢onslilules a public ben6fil entity as defined by FRS 102. 2.2 Golng Con¢•m The accounts have been prepared as a going concem. 2.3 Chang• ol A¢¢ountlng Pollcy The accounts present a truo and fair vigw and no ¢hang8$ have bggn mada to th8 a¢counting pol- icies adopted in nole 3. 3. ACCOUNTING POLICIES 3.1 INCOME R•cognltlon of Incom• These are induded in the Statement of Financial Actsvities ISOFAI when.. Ihe charity becomes entitled to the resources; it is more likely than nol ihat the iruslees will receive Ihe resources; the moneiary value can be measured with sufficient reliability. Offsettlng There has been no offselbng ol asseis and liabilities, or income and expenses, un- less required or permitted by the FRS 102 SORP or FRS 102. Grant$ and donatJon$ Grants and donations are only indudèd in the SOFA whgn the general inwmg rgwg- nition criteria are met {5.10 to 5.12 FRS102 SORPI. In the case of perfomiance lated grants, income musl only be recognised to the exient that the charity has provided the specified goods or services as entitlement lo the grant only when the performance Telaled conditions are met15.16 FRS 102 SORPI.
Legacies Legacies are induded in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estste and any cOrlI10n5 attached lo the legacy are either within the control of Ihe charity or h8ve been met. Go¥•mm•nt grants The th8rity has received govemment grants in the reporting period Tax reclaims on dona- tions and gifts Gfft Aid CeiVable is induded in income when there is a valid declaration from the donor. Any Grft Aid amount recovered on a donation is considered to be part of that grft and Is treated as an addition lo the saffle fund as the inrtial donats'on unless the donor or the terms of the appeal have specified otherwise. Contractual Incom• and performan rn- lated grants This is only induded in the SOFA once the charity has provided the related good$ or services or met Ihe performance related condrtions. Donat•d goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any slock of goods (lonaled lor dislribulion lo beneficiaries is deemed to bg the lair value of those gifts al the time of Iheir receipt and they are recognised on receipt. In the reporting period in which the slocks are distributed, they arg rocog" nised as an expense al the carrying amount ol the Stock5 at distribution. Donated gXIS for resale are measured al fair value on initial recognition, which is the expected proceeds trom sale less the expected costs of sale, and recognised in 'Income Irom olher trading activities, with Ihe COeSpOndIng stock recognised in the balance sheet. On its sale the value of stock is charged again51 '1ncome from other Ir8ding aclivilies, and the pre8(1S sale are also recognised 88 'lncome from other trading activilies,. Goods donated lor on-going use by the charity arg rewnised as tangible fixed as- seis and included in the SOFA as incoming resources when receivable. G$ in kind for use bythe charity a inclu¢Jed in the SOFA as income from donations when receivable. Donated serv5ces and facilities Donated servi¢e$ and faolities arg indudgd in the SOFA when re¢eived at tho value of the grfl to the charity provided the value of the gift can be measured reliably. Donated serVIS and facililies that are consumed immediately are recognised as income wth an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity h85 incurre(l expendrture on 5UPPOrt cost5. 141 Page
Volunt¢¢r h•lp The value of any voluntsry help received is not induded in the accounts but is de- scribed in Ihe trustees. annual rerM)rt. In¢om¢ from Int¢r•$t, This is induded in the accounts when receipt is probable and the amount receivable royaltlès and dlvldènds can be measured reliabty- Income trom member- ship subscriptions Membership subscriptions reiVed in the nature of a gift are recognised in Dona- tions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are Tecognised as income eamed from the provision of goods and services as income from charitable acb"vilies. Sottlèmont of Insur- anc8 clalms Insurance claims are only induded in the SOFA when the general income recogni- tion criteria are met15.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOFA. Investment galns and losstrs This in¢lvde5 any Tealised OT unTe81ised gains or losse5 on thè sale of investments and any gain or loss resulting from Valu1n9 investments lo markel value al the end of the year. 3.2 EXPENDITURE AND LIABILITIES Llablllty re¢ognltlon Liabilities are recognised where it is more likely than not that there is a legal or onslructive obligation committing the charity to pay out resources and the amount of the obligation can be measured wilh reasonable certainty. Governanc• and sup- port costs &Jpport costs have been allocated beN¥een govemance costs and other support. Govemance costs comprise all costs involving public accountability ol the charity 8n(l rts compliance with regulation an¢J good practs'ce. Support costs include central functions and have allocaled lo activity cost ategories on a basis consislent with the use of resources, e.g. allocating property cosls by floor areas, or per capita. staff costs by the time spent and other costs by their usage. Grants wlth perfor. man¢e ¢¢ndition$ Where the ch8rity gives 8 granl with conditions for its payment Ing a specific level of service or oulpul lo be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided thg Spgcrfigd setvico or output. Grants payable wlthout Where there are no condiiions attaching to Ihe granl Ihat enables the donor charity performance condl- to realistically avoid the commilment. a liabilty for the full fvnding obligation must tions be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred incorne No material item of deferred income has been included in the accounts. Cr•dltors The charity has creditors which are mèasured at s&tUem8nt amounts less any trade discounts
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the besl estimate of the amount required to settle the obligation al the reportirhg date Baslc flnancial Instru- The charity accounts for basic financial instruments on initial recognition as per par- ments agraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP 3.3 ASSETS Tangible fixed assets These are capilalised Oif they can be used for more than one year, and cost at least for use by charity They are valued al cost. The depTrcwtion rates and methods used are as follows: Land & buildings Plant & machinery Motor vehicles Fixture5 8 fittings Computer equipment-___ 2V 25% 25° 250 500/4 Intangibl8 fixed assets The charity has no intangible fixed asseis, that is, non-monelary assets that do not have physical substance but are entIfIable and are controlled by the charity through cus1¢Y or legal rights. They are valued at cost. Investments Fixed asset investments in qLted shares, tfaded bonds and similar investments are valued at initially at cosl and subsequently at fair value (their market value) at the year end. The same trealment is applied to unlisted investments unless fair value cannot be MeaSud reli8bly in which case il is measured al cost less impairment. Investments held for rgsale or pending their sale and cash and cash equivalents with a maturity datg of le$$ than 1 ygar are trgatgd as ¢urront a$s9t invgstments Stocks and work In pro- Stocks held forsale as part of non-charilable trade are measured at the lower ofcosl gre55 or nel realisable vaalue. Goods or services provided as part of a Charitable a¢twity a me8$ured at net real- isable value base(l the service w)tgntial providgd by items of stock. Work in progress is valued 81 cost less any foreseeable loss that is likely lo occur on the ¢onlra¢t. Debtors Debtors linduding trade debtors and loans receivable) are measured on inits'al recog- nition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently. they are measured at the cash or other consideration ex- FErted to be received.
Current asset invest- The charity has investments which il holds for resale or pending their sale and cash ments and cash equwalents wf(h a maturity date of less than one year. These include cash on deposit and cash equivalents with a maturity of less th8n one year held for in- vestment purposes rather than to meet short-tem) cash Commitments as thgy fall due. They are valued at fair value excepl where they qualify as basic financial instru- ment5. 4. INCOMING RESOURCES 2022 2021 Gift Aid Offering Rentals 237 1.118 150 Room Hire 495 Special Projects Funding Suspense Total 25 150 495 19,715 16.603 No Glft Ald ¢lalm OT provlslon has been made In th• ¢urront yoar. However after gettlng 411 Tax declaratlons from the varbous donors a clalm Is to be made before the end of the next financlal year. 5. ADMINISTRATION EXPENOITURE zoiz 2021 Depreciatio Gardening Internet & Telephonè Llcences Repairs & Maint Training & Seminar Costs Write offs 1.764 104 52 545 422 138 754 1,034 Other TOTAL 3,252 3.642 6.. SALARIES. WAGES & ALLOWANCES SALARIES & ALLOWANCES 2021 Salaries wages & Allowances Social security costs Pension costs (defined contribution pen- sion plan) Other employee benefits Total staff costs
- CHARITY ACTIVITIES Charity Artivities Cleaning Costs Compassion Assist Conference Cost5 20 2021 138 342 586 614 43 Electricity and Gas Honourariam 776 602 Insurance IA178 598 rll? Light & Heating Rents 692 Software 144 Teas & Entertainment Water Other TOTAL 12.218 IIA16 Fixed Asset Schedule (£) 12 Month for Year Ended 31 March 2022 and Bulldln Comput- er5 FIxre$ and Flt- Offlcelmuslc Equlpment Motor Vehl. cles Totsl As at 01/0412021 28,036 982 3,006 32,025 Additions Dis 05als iio 970 1,080 At 31.03.2022 28,036 1,092 3.976 33,104 As at 0110412021 Charge for the year On disposals 571 546 784 1,901 571 546 784 1,901 At 31.03.2022 27,466 546 3,192 31,204 Land Bulldings D5sclosure: The Charity does not own any Land and building in carrying out its activities but use a rented facilitv. On taking occupancy the building was in dilapidated state and needing massive paIrS and came to an arrangement with the Landlord to carry out these repairs on an indefinite lease arrangement. 181 Page
Any major structural repair work that the Charity carry out has been capitalised and inclvde the following elements.. Capitalised Item Roofing & Celllng Heating Installation F¥ing& Parku¥ At Cost Year 2018 & 2019 2016 2020 £7.1 £14.250 9.Bank 2022 2021 Current Account 9,799 6,894 Savings Account 3,129 3,129 12,928 10,023 10.Debtors Gift Aid* 9,390 6,190 9,390 6,190 'Gift Aid not yet Claimed 11.Creditors Service Provider 2 Others 2,115 160 1,575 160 2.275 1,735 .2 Water Plus has been provided-No Billing received OAllED FINANCIAL STATEMENT 191 Page
IZ months Ending Jlst Marth IOZZ INCOMING RESOURCES 2022 2021 Gift Aid Offering Rentals 3,200 237 1,118 150 Room Hire Special Projects Funding Suspense Members Contribution 495 150 25 495 14,555 19.715 15,613 16.603 Total EXPENOITURE AuditlnÉ Costs 250 250 Cleanlng Cests 138 34Z Compassion Assist 786 586 Conference Costs 614 1,901 43 1,764 Depreciation Admkn 776 602 Gardenln8 52 104 onourarlarn 300 Insurance 1,078 545 598 42Z 138 Internet & Telephone Admth Llght & Heatin8 692 Rents 7,200 754 7,800 Repairs & Malnt Adm Software 144 Teas & Entertalnment Trainin8 & Seminarcosts 1,034 Water 540 Wrire offs TOTAL RESOURCES EXPENDED 15,720 15,308 Net Fund MovÈmerbt Transferred to Resernes 3,995 1,295 2022 2021 20IPage
3.252 3,642 Charlty Actlwtles 12,218 11,416 250 250 15.720 15308