## LIFE CHRISTIAN CENTRE ## **ANNUAL REPORT AND ACCOUNTS** **YEAR ENDING 31[ST] MARCH 2024** **1 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **LIFE CHRISTIAN CENTRE ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS** |||**PAGES**| |---|---|---| |CharityInformation||**3**| |Trustees’ Report||**4**| |Pastoral Report||**9**| |Administration ' Report||**10**| |Independent Examiner’s Report||**11**| |Financial Statement||**12**| |Financial Position Statement||**13**| |Notes to the Accounts||**14**| **2 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **LIFE CHRISTIAN CENTRE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024** ## **Trustees** - J Maunder - T A Muti - C Jena - E C Mutsigwa **Charity Number: 1177665** ## **Registered Office** **Life Christian Centre Edison Road WALSALL WS2 7EZ** Phone: 078085440041 Email: No information available Website: https://lifechristiancentre.or **3 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## LIFE CHRISTIAN CENTRE (LCC) – TRUSTEES’ REPORT The Trustees presents this Annual Report and Accounts for the year ended 31 March 2023. ## **Trustees** - J 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 faith, in particular but not exclusively by promoting Christian values through teaching and training. ## Main Activities Life Christian Centre is a Midlands based community 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, giving people of every age the opportunity 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, encouragement and support for our members and members of the community. - Relief of persons 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 - **4 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## Achievements and Performance It is my honour to submit to you the **Life Christian Centre** Annual Report for 2023-24. The past year events have in the economic world in the past year have defined the work of the Church. This report seeks to explore activities carried out in the course of the year and how we sought to achieve our objective of developing and naturing what God has given us and to be an increasingly effective centre for our local community. Although the inflation started falling towards the end of the financial year the overall cost structures in the running of the organisation have stubbornly unfavourable. This has been largely driven by the continued Ukraine Russian War. The war has to a great extend affected the society and the church’s ability to carry out its charitable work and meet its commitment effectively. As in the previous financial the Charity’s finances have remained stretched due to changes in the cost structures and members’ ability to make meaningful contributions. Attendance has generally remained sublimed we not been able to attain the pre Covid member attendance. Attendance has remained low, as people are now used to stay at home and preferred to venture out less. The pandemic, it seems has had permanent impact on social behaviour and how the charity members interact. We have to now accept that we ae now stuck with the social norms that came along with Covid-19. Our Bible Study and Prayer Meetings have continued to remain online – on Zoom Platform. Even though the intention of keeping this option was to encourage attendance, the participation has remained poor. In the year we have continued with the Sunday Services were being held every Sunday from 11 AM. We had very successful conference the course of the year which was well attended. We believe the Church remains a sanctuary, and a place that rekindles our hope in a broken world. ## Trustee Remuneration No members of the Trustee 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 **£32,708,** a slight increase of 11.2% from the previous year. A conservative provisional Gift Aid claim of **£3,864** has been included in this income The Sunday Service direct cash collections were very low in the period under consideration post Covid. This is a deviation from the norm in under normal circumstances would make up at least 18 percent of the total revenue. The energy costs have remained prohibitively high with the costs contributing 30.5% of the total organisation overall annual costs. The rent for the premises also went up by 16.7%, further straining our financial resources. Going forward there is need to look into alternative sources of enhancing our revenues. As an organisation we have continued to fail in achieving our goals of carrying out charitable activities because of limited revenues **5 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **Revenue Over the Years** **----- Start of picture text -----**
Revenues
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
0
2016 2017 2018 2020 2021 2022 2023 2024
Tithes & Offering Special Projects Funding YEAR Room Hire
Other Offering Ladies Teas contributions
Building Fund Gift Aid
£
**----- End of picture text -----**
**----- Start of picture text -----**
DETAILED EXPENDITURE
Other
Compassion & Missionary
7%2%
8% Conference Costs
33%
7%
Honourariam
Light and heat
7%
36%
Pastoral & Reach Out
Expenses
**----- End of picture text -----**
**6 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## Reserves The trustees define the charity’s free reserves as unrestricted assets which are available to the charity and to be expended at the Trustees’ discretion in furtherance of any of the charity’s objectives, but which has not yet been spent, committed or designated. To meet our monthly critical expenses mainly the energy and rentals an average of £2,200 is required. The trustees confirm that the free reserves should be held at a minimum of £6,600 representing an average of three month’s monthly expenses. At the end of the year the available cash both savings and current account balance were £7,508 which we looks comfortable at the time of compiling this report. However, of concern if the current trend continues, in which we continue eating into our reserves, this may expose the Charity into financial risk and action need to be taken to reverse this trend. The reserves built from the previous years have helped us to pull through in the this very challenging period and the Charity looks forward for things to start improving. J Maunder **Chairperson** **7 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## Statement of Trustees' Responsibilities The Trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations. Our constitution requires the Trustees to prepare accounts for each financial year. Under our constitution, the Trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under our constitution the Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the Income or Expenditure of the Charity for that period. In preparing these accounts, the Trustees are required to: - - (1) select suitable accounting policies and then apply them consistently. - (2) make judgements and estimates that are reasonable and prudent; and - (3) prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Accounting Standards. They 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. Signed on behalf of the Board of Trustees J Maunder (Chairperson) Trustee Approved by the board on: 10 December 2024 **8 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## Pastoral Report for the Year 2023-24 Generally, it was a good year for Life Christian Centre Church. The Church attendance kept on increasing during the year – with new members joining. Our 11:00 AM Sunday Service remained open – meeting every Sunday. One Sunday per month had been reserved for Reverend John Maunder – who is our Senior Pastor – These services introduced a good variety to our usual service – and we hope to do more of it in the coming year. Our Bible Study and Prayer Meetings on Wednesday and Fridays were generally on -going every week but the attendance was low as usual. These mid- week services were held online through the Zoom Platform – as we had discovered that our gas and electricity charges at Church had become very high. We had a two-day Leadership Outing Seminar in Wales- July 2023. It was a very successful meeting as we received very good teachings from our invited guests speakers - Pastor Roy Burley and Reverend John Maunder. The meeting also brought unity among our leaders as we did Bible studies; Prayers together, and other activities together. We had our usual annual Conference at the End of October in 2023. The Attendance was generally good and the quality of Teachings and Preachings from the invited Pastors and local Pastors was very good. This was from Friday to Sunday 2pm. We hosted missionaries from South Africa – The Woodhalls, Mary and her parents in the month of September. It was a challenge and a blessing to host this family. As a church we pledged to support their missionary work as much as we could. After a plea for help with our Sunday School teaching materials and tools – a 65 inch screen TV was acquired and a laptop specifically to help in the Teaching Sunday school church. Although the overall attendances remained low, there was hope as we were seeing small increases in new people every Sunday. S Murove **(LCC Pastor)** **9 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## LIFE CHRISTIAN CENTRE ADMIN REPORT ## **Administration' report to the Trustees of Life Christian Centre on the preparation of the unaudited statutory accounts for the year ended 31 March 2024.** In order to assist you to fulfil your duties under your constitution, we have prepared for your approval the accounts of Life Christian Centre for the period ended 31 March 2024 as set out on pages 9 to 20 from the LCC’s 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 completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. ………………………………………………………….. ## **Board of Trustees-Admin** **10 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## Independent Examiner's Report **The Management and Board of Trustees of Life Christian Centre, who are registered as a charity (1177665), appointed me to independently examine their trustees' report, financial reports and the accompanying notes.** **Responsibilities of Management and Board of Trustees** - **To safeguard the Charity's assets and in particular to ensure that the Financial Reports are free from material misstatements due to fraud.** - **To keep adequate financial records and to ensure that the published reports are based on these records.** - **To ensure that the published reports are true and fair.** - **Consider their charity to qualify for an independent examination in terms of Part 8 and sections 145 and152 of the Charities Act of 2011.** ## **My Responsibility** **To carry out procedures such as analytical reviews, comparing the published reports to the financial records kept by the charity and enquiring from those tasked with the governance of the charity any matters that need clarity.** **I also considered the disclosures of material facts in the financial reports and the going concern of the charity.** **The nature and extent of my examination did not provide appropriate and adequate audit evidence and therefore no audit opinion is provided in this report.** **Independent Examiner's statement** **ln the course of my examination, no matters came to my attention which give me reasonable cause to believe that in any material respect the requirements:** - **to keep accounting records in accordance with section 130 of the 2011 Act** - **the preparation of accounts which accord with the accounting records and comply with the accounting requirements of the act have not been met.** - **to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.** **23/01/2025** **Ranganai Kwangware FCCA BA(Hon) Acc** **11 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 **On Behalf of Notion Accountancy Ltd** ## **Life Christian Centre** ## **Statement of Financial Statement** ## **For the year ended 31 March 2024** |**Notes**|**Notes**|**2024**
**2024**
**2024**
**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
**32,707**
**-**
**32,707**
**-**
**-**
**-**
**-**
**-**
**32,707**
**-**
**32,707**
**21,454**
**21,454**
**3,809**
**3,809**
**5,314**
**5,314**
**614**
**614**
**250**
**250**
**31,441**
**-**
**31,441**
**1,266**
**-**
**1,266**
**-**
**-**
**1,266**
**-**
**1,266**
**47,819**
**-**
**47,819**
**49,085**
**-**
**49,085**|**2023**
**Total**
**£**| |---|---|---|---| |**Incoming resources**
**Incoming resources from generated funds**
**voluntary income**
**2**
**Activities for generating funds**
**3**
**other incoming resources**
**4**
**Profit on sale of fixed assets**
**Total incoming resources**
**Resources expended**
**Church running costs**
**5**
**Spiritual leadership costs**
**6**
**Community building**
**7**
**Other costs**
**8**
**Governance costs**
**9**
**Total resources expended**
**Net (Outgoing)/Incoming Resources funds Before transfers**
**Transfers**
**Gross transfers between funds**
**Net movement in funds**
**Reconciliation of Funds:**
**Total funds brought forward**
**Total funds carried forward**|||**27,593**
**-**
**1,810**| ||||**29,403**| ||||**20,837**
**5,270**
**6,474**
**-**
**250**| ||||**32,831**| ||||**(3,428)**
**-**| ||||**(3,428)**| ||||**51,247**| ||||**47,819**| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| **12 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 |**Life Christian Centre**
**Balance Sheet as at 31 March 2024**
**Notes**|**2024**
**£**|**2023**
**£**| |---|---|---| |**Fixed assets**
**Tangible assets**
**10**
**Land & Buildings**
**Office & Music Equipment**
**Equipment - Computers**
**Current assets**
**Debtors**
**11**
**Cash in hand and at bank**
**12**
**Creditors : Amount falling due within one year**
**13**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Total charity funds**
**Unrestricted funds**
**Restricted funds**
**Reserve - Income Account**
**14**|**29,836**
**1,796**
**-**
**31,632**
**9,236**
**7,508**
**16,744**
**794**
**15,950**
**47,582**
**47,582**
**49,085**
**-**
**(1,503)**
**47,582**|**30,445**
**2,395**
**-**| |||**32,840**| |||**9,390**
**8,514**| |||**17,904**
**2,925**| |||**14,979**| |||| |||**47,819**| |||| |||**47,819**| |||**47,819**
**-**
**-**
**47,819**| _**For the year ended 31 March 2024 the charity was entitled to exemption from audit under Sec 477 of the Companies Act 2006 relating to small companies.**_ - _**The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with Sec 476.**_ _**• The Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and preparation of Accounts. These Accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies regime.**_ _**The financial statements were approved and authorised for distribution by the Board on .16[th] January 2025..**_ **13 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 **and signed on its behalf by Chairman:……** Rev .John Maunder **........Signature………………………………** ## **Life Christian Centre** |**NOTES TO THE FINANCIAL STATEMENTS**|**2024**
**2024**
**2024**
**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
**-**
**-**
**3,865**
**3,865**
**25,755**
**25,755**
**3,087**
**3,087**
**-**
**-**
**32,707**
**-**
**32,707**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**8,700**
**8,700**
**53**
**53**
**9,625**
**9,625**
**384**
**384**
**609**
**609**
**599**
**599**
**-**
**-**
**801**
**801**
**683**
**683**
**21,454**
**-**
**21,454**
**1,959**
**1,959**
**1,850**
**1,850**
**3,809**
**-**
**3,809**|**2023**
**Total**
**£**| |---|---|---| |**FOR THE YEAR ENDED 31 March 2024**
**2.**
**Voluntary income**
**Love offering**
**Gift Aid**
**Tithes**
**Ladies Teas Contributions**
**Other Income**
**3.**
**Activities for generating funds**
**Conference fees**
**Fundraising**
**4.**
**Other Income**
**Room Hire**
**5.**
**Church running costs**
**Rent church lease**
**Repairs and Maintenance**
**Utility costs**
**Service Charges**
**Depreciation of Land & Buildings**
**Deprecistion of Office & Music Equipment**
**Depreciation of Computers**
**Equipment Expensed**
**Telephone & Internet**
**6.**
**Spiritual leadership costs**
**Pastoral & Reach Out Expenses**
**Honorariums**||| |||**1,375**
**4,019**
**16,418**
**2,912**
**2,869**| |||**27,593**| |||**-**
**-**| |||**-**| |||**1,810**| |||**1,810**| |||**7,200**
**1,040**
**9,139**
**580**
**621**
**797**
**546**
**-**
**914**| |||**20,837**| |||**2,548**
**2,722**| |||**5,270**| **14 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **Life Christian Centre** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 March 2024**||| |---|---|---| |**7.**
**Community Building**
**Hospitality**
**House Keeping**
**Conference Costs**
**Donations**
**8.**
**Other costs**
**Missions**
**9.**
**Governance costs**
**Independent Examination**|**2024**
**Unrestricted**
**£**|**2023**
**Unrestricted**
**£**| ||**2,981**
**302**
**2,031**
**-**
**5,314**
**614**
**614**
**250**
**250**|**3,185**
**1,359**
**1,594**
**336**| |||**6,474**| |||**-**| |||**-**| |||**250**| |||**250**| **15 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **Life Christian Centre** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 March 2024**|| |---|---| |**10.**
**Tangible assets**
**Land & Buildings**
**Cost:**
**at 1 April 2023**
**Additions**
**Disposals**
**at 31 March 2024**
**Depreciation:**
**at 1 April 2023**
**Charge**
**Disposals**
**at 31 March 2024**
**Net book value:**
**Office & Music Equipment**
**Cost:**
**at 1 April 2023**
**Additions**
**Disposals**
**Depreciation:**
**at 1 April 2023**
**Charge**
**Disposals**
**at 31 March 2024**
**Net book value:**|**2024**
**2023**
**Unrestricted**
**Unrestricted**
**£**
**£**| ||**30,445**
**31,066**
**-**
**-**
**-**
**-**| ||**30,445**
**31,066**| ||**-**
**-**
**609**
**621**
**-**
**-**| ||**609**
**621**| ||| ||**29,836**
**30,445**| ||**2,395**
**3,192**
**-**
**-**
**-**
**-**| ||**2,395**
**3,192**| ||**-**
**-**
**599**
**797**
**-**
**-**| ||**599**
**797**| ||| ||**1,796**
**2,395**| **16 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4 ## **Life Christian Centre** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 March 2024**
**11.**
**Debtors**
**Gift Aid**
**Other debtors**
**12.**
**Cash in hand and at bank**
**Cash at bank - Main Church**
**Cash in Bank - Savings**
**13.**
**Creditors : amounts falling due within one year**
**Trade creditors**
**Sundry**
**14.**
**Reserve - Income Account**|**2024**
**Unrestricted**
**£**|**2023**
**Unrestricted**
**£**| |---|---|---| ||**9,236**
**-**
**9,236**
**5,879**
**1,629**
**7,508**
**384**
**410**
**794**
**(1,503)**
**(1,503)**|**9,390**
**-**| |||**9,390**| |||**5,385**
**3,129**| |||**8,514**| |||**2,515**
**410**| |||**2,925**| |||**0**| |||**-**| |||| |||| **17 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 4