## **LIFEGATE CHRISTIAN CHAPEL UK**
## **THE TRUSTEES ANNUAL REPORT AND STATEMENT OF RECEIPTS & PAYMENTS**
## **for the year ended 31 DECEMBER 2021**
|Contents|Page|
|---|---|
|Trustees' annual report|2-3|
|Receipts and payments account|4|
|Statement of assets and liabilities|5|
|Notes to the accounts|6|
LIFEGATE CHRISTIAN CHAPEL UK **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report together with the financial statements and the independent examiner’s report for the year ended 31 DECEMBER 2021.
## **Legal and Administration Details**
## **Full name**
Lifegate Christian Chapel UK
**Also Known As** LCC UK
**Registered charity number** 1182497
## **Trustees**
Mr George Hooper Mrs Stella Opoku Mr Richard Korley
## **Principal Address**
75 Ince Avenue Anfield Liverpool L4 7US
## **Bankers**
Barclays Bank Liverpool United Kingdom
2
LIFEGATE CHRISTIAN CHAPEL UK **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31 DECEMBER 2021
## **Governance and management**
The Charity was registered on the 24[th] of February 2016 as a Charitable Incorporated Organisation.
The Charity is operated under the rules of its Constitution adopted on the 15[th ] of March 2019. An Amendment was made by special resolution to the change of name to Lifegate Christian Chapel UK.
## **Objects and Activities of the Charity**
The objects of the Church are, for the benefit of the public:-
To advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit;
## **Summary of the main activities undertaken for the public benefit**
The trustees have given due regard to the public benefit guidance as issued by the Charity Commission. Various activities and ministries, such as worship services, prayer meetings, Bible Studies and music practice were available during Sundays and other days of the week.
Other events that has been effective and fruitful that the ministry has been involved in is activities on the social media platform such as the Facebook and YouTube. Counseling and prayers have been offered to many from other parts of UK and different countries around the world but mainly through online platforms.
## **The Main achievements and Performance during the period**
The activities such as worship service, Bible studies, music practice and prayer meetings were very challenging in the past year because we were not meeting in person but online. Our main objective for the year was to maintain the Christian practices of the fellowship by means of online channels such as zoom and other social network platforms as well as in person gatherings through home visits. The issue of the COVID 19 and the lockdown affected the growth of the membership and also finances.We also focused on praying for the United Kingdom as a whole for peace, good health and welfare of the citizens and also revival and blessings for our city.
## **Financial Review**
Total receipts increased to £4,944 for the year ended 31[st] December 2021 compared to the previous year (2020: £4,302). The total expenditure for the same period decreased to £1,577 compared to the previous year (2020: £1,646). The surplus for the year were £3,387 at the end of the year.
## **The Charity's Policy on Reserves**
We do not normally have any financial obligations and our only essential need is to meet the monthly core costs. The trustees are in the process of formulating a Reserves Policy in the coming year since this is this is early years of operation.
## **Approved by the trustees on ____________________________ and signed on their behalf by**
**Full Name:** George Hooper **Position/Title:** Chairperson
3
LIFEGATE CHRISTIAN CHAPEL UK **STATEMENT OF RECEIPTS AND PAYMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021
|**Notes**
**Receipts**
**1**
Grants and Donations
**2**
Bank Interest
Sundries
Other receipts
**Total receipts**
**Payments**
Room hire
Banners and stationary expenses
Zoom account costs
Catering costs (refreshments)
Governance Costs
Accounting services
Computers & accessories
Video lighting & audio equipment
Church Admin app. costs
Church lectern
**Total payments**
**Net receipts/(payments) for**
**the year**
Bank Balance at Jan 01/01/2021
Transfer
Transfers between funds
**Closing Balance at 31 Dec**
**2021**|**Unrestricted**
**Restricted**
**Total**
**_Total_**
**Fund**
**Fund**
**2021**
**_2020_**
**£**
**£**
**£**
**_£_**
4,944
4,944
_4,302_
4944|
|---|---|
||**4,944**
**4,944**
**_4,302_**|
||0
0
_300_
99
99
_121_
144
144
_144_
120
120
_120_
0
0
_200_
459
459
_633_
290
290
_48_
245
245
_80_
200
200|
||**1,557 **
**1,557**
**_1,646_**|
||3,387
3,387
_2,656_
5,863
5,863
_3,207_|
||**9,250**
**9,250**
**_5,863_**|
4
LIFEGATE CHRISTIAN CHAPEL UK **STATEMENT OF ASSETS AND LIABILITIES** FOR THE YEAR ENDED 31 DECEMBER 2021
|**Monetary Assets**
**Notes**
Bank and cash
**Liabilities**
Accounting Services|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**£**
**£**
**£**
9,250
9,250|
|---|---|
||**9,250**
**9,250**|
||120
120|
||**120**
**120**|
The Trustees declare that they have approved the Financial Statements above.
Signed on behalf of the Charity’s Board of Trustees:
Signed______________________ George Hooper - Chairperson Dated_______ 08/09/2022 Name and Position Signed____________________ Stella Opoku - Memeber Dated______ 08/09/2022 Name and Position
5
LIFEGATE CHRISTIAN CHAPEL UK **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021
## **1. Accounting Policies**
The principal accounting policies adopted in the preparation of the financial statements are set out below.
## **Basis of Preparation**
The financial statements have been prepared using the receipts and payments basis. Receipts and payments accounts are statements that summarise the movement of cash into and out of the charity during the financial year. In this context "cash" includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due.
## **Fund Accounting**
**Endowment Funds** are funds, the capital of which must be maintained; only income arising from the investment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
**Restricted Funds** represent (a) income from trusts and endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific purpose for which they were given. Any balance remaining unspent at the end of the period is carried forward as a balance on that fund.
**Unrestricted Funds** are general funds that can be used by the charity for any ordinary purposes. They include designated funds and free reserves. Free reserves are those funds available to be used at the discretion of the charity that have not been designated for any particular purpose and have not been invested in fixed assets.
## **2.Voluntary receipts**
|Offerings
Tithes
Donations
Total|**Unrestricted**
**Restricted**
**Fund**
**Fund**
**Total**
**£**
**£**
**£**
453
453
4,491
4,491
30
30|
|---|---|
||**4,944**
**4,944**|
## **3. Expenses**
The expenses are fully reflected in the Statement of Receipts and Payments.
## **4. Trustees' remuneration**
Trustees received no expenses, remuneration or benefits in this period.
7
BLANK