LIFE IN CHRIST CHURCH UK
CHARITY NO. 1185565
Annual Report
And
Financial Statements
Of
LIFE IN CHRIST CHURCH
UK Year 2022-2023
Charity Number: 1185565
Contents
| Page | |
|---|---|
| Legal and administratve informaton | 1 |
| Trustees' report | 2-4 |
| Statement of fnancial actvites | 5 |
| Balance sheet | 7 |
| Notes to the fnancial statements | 8-11 |
Legal and administratve informaton
Registered Charity Number:1185565
Business Address: St Andrew’s church Hillingdon Road Uxbridge UB10 0AE
Registered Office: C/O St Andrew’s church Hillingdon Road Uxbridge UB10 0AE Board of Trustees: Abraham Yimer Chair Lydia Seyoum Tamiru Feyie
Bankers: Lloyds
1
Trustees Report
Year 2022-2023
The Trustees present their report and the financial statements for the year 2023. The report has been prepared in accordance with the requirement of the standard recommended practice.
Structure, governance and management
Governing Document
The organisation is Charitable Incorporation Organisation, and its governing documents is CIO Foundation Constitution registered on 30 September 2019.
Appointment of Trustees
The Board has three members of Trustees of the Charity Trustees. The appointment of trustees is done in accordance with the governing documents. They receive no financial incentives except what is eligible for a Trustee. The Elders (A leadership team comprising a mixture of elected and appointed mature individuals referred to as the Core Leaders) manage the day to day administrative and spiritual activities of the Charity, supported by a team of volunteers.
Organisatonal Structure
The Board of Trustees consists of three people. They meet on a quarterly basis to monitor the working progress of the Church. The responsibility for running the church’s day to day administrative and spiritual activities and ensuring the provision of services rests on the Elders/Core Leaders of the Church. The Trustees are responsible for ensuring that the church delivers the services specified and that key performance indicators are met.
2
Trustees Report
Year ended 31 March 2023
Objectves and actvites
Key objectves
The objectives of the charity are:
-
1) To advance the Christian faith for the benefit of the public in accordance with the Statements of Faith, particularly but not exclusively, through the provision of Christian education, prayer meetings and pastoral support.
-
2) To relieve sickness and poverty and to promote general health and wellbeing through the provision of funds, goods or services of any kind, including counselling and practical advice and support.
-
3) To advance education of the general public in the area of Christian faith.
Achievement and Performance
The Church’s task of making disciples of all nations is expressed in the corporate worship, prayer and other activities of the Church aimed at helping individuals grow in understanding and expression of their faith leading to a deeper knowledge of God.
When planning our activities, the Trustees and elders have considered the Commission's guidance on public benefit and, the specific guidance on charities for the advancement of religion. We strive to empower ordinary people to live out their faith in demonstrable love for God (in worship and obedience to Scripture) and neighbour (in practical service to others).
Worship and prayer
The Church has provided regular times of corporate worship, prayer and fellowship for its members and the public. Regular celebration of the sacrament of the Lord’s supper has been a central part of Life in Christ church UK regular worship.
The focus for the year has primarily been consolidation in the faith of existing members and equipping for the successful, long-term realisation of the central vision of the Church.
The vision of the Church remains to see lives transformed by Christ, the founder and perfecter of the faith, confidently sharing and powerfully impacting their native environment with their faith. Life in Christ Church UK is committed to developing missional communities firmly founded on scriptural principles with a vision to serve their local communities.
To this end and in addition to the regular weekly services conducted, several targeted
3
teaching and training events have also been delivered throughout the year especially in the areas of ministry and leadership development. A weeklong conference with guest speakers
4
from other Churches in the UK have been conducted in the current financial year aimed at encouraging, equipping and empowering members. Ample opportunities have also been made available for increased bonding and building of relationships among members helping them to gel into the body the church represents. These have consisted of regular weekly local gatherings in people’s homes for mutual encouragement and relationship building as well as church wide activities and outings.
Pastoral care
Alongside all the above, pastoral care has been a mainstay of the Church demonstrating love and care for the individual. Life in Christ Church UK continues to provide ongoing pastoral care and support for its members and those it reaches out to.
The regular local gatherings in homes and the different ministry teams with their respective leaders represent the first tier of pastoral care. Mutual care and support are actively promoted and facilitated at this level. In addition, everyone in leadership responsibility is actively encouraged and supported to create and maintain a close life-based relationship with at least one other member of the Church with a view to journeying together with them on the path of discipleship, for mutual encouragement and accountability.
Where the pastoral need exceeds the provisions listed above, the core leaders of the Church and other senior ministers assigned by them are on standby to provide care and support.
5
Trustees Report
Year 2022-2023
Financial Report
Total receipts on unrestricted funds during the year were £18775. £14249 was spent to provide the church services. The net result for the year was an excess of receipts over payments of
£4526 on unrestricted funds.
Reserves Policy
It is RCL policy to maintain a balance on unrestricted funds, which equates to at least three months unrestricted payments equivalent to (£14249/4= £3562.25) to cover emergency situations that may arise from time to time.
Volunteers
The Trustees Board would like to thank all the volunteers who worked so faithfully to make the church the vibrant community that it is.
6
Annual accounts for the period ending 31 March 2023
LIFE IN CHRIST CHURCH UK
Statement of financial activities for the year ended 31March 2023.
| Statement of fnancial actvites for the year ended 31March 2023. | |
|---|---|
| Recommended Categories by actvity Notes Unrestricted Funds £ Restricted income funds £ Endowment fund £ Total funds £ Prior year fund £ |
|
| Incoming Resources (Note 3) | |
| Income and endowments from: | |
| Donatons, tthes and love gifs Note 3 18775 18775 |
|
| Charitable actvites | |
| Other trading actvites | |
| Investments | |
| Separate material item of income |
|
| Other | |
| Total 18775 11411 |
|
| Resources expended | |
| Expenditure on: | |
| Raising funds | |
| Charitable actvites Note 4 14249 14249 |
|
| Separate material item of expense |
|
| Other | |
| Total 14249 14249 |
|
| Net income/(expenditure) before investments gains/(losses) 4526 4526 |
|
| Net gains/(losses) on investments |
|
| Net income/(expenditure) | |
| Extraordinary items | |
| Transfers between funds | |
| Other recognised gains/(loses): | |
| Gains and losses on revaluaton of fxed assets for the charity’s own use | |
| Other gains/(losses) | |
| Net movement in funds 4526 4526 |
|
| Reconciliaton of funds: | |
| Total funds brought forward | |
| Total funds carried forward 4526 4526 |
7
Balance sheet as of 31 March 2023
| Restricted | |||||
|---|---|---|---|---|---|
| Unrestricted | income | Endowment fund | Total this | ||
| Notes | Funds £ | funds £ | £ | year | |
| Fixed assets | |||||
| Intangible assets | |||||
| Tangible assets | Note 5 | 1180 | 1180 | ||
| heritage assets | |||||
| Investments | |||||
| Total fxed assets | 1180 | 1180 | |||
| Current assets | |||||
| Stocks | Note 6 | ||||
| Debtors & Prepayment | Note 7 | ||||
| Investments | |||||
| Cash at bank and in hand | Note 8 | 24482 | 24482 | ||
| Total current assets | 24482 | 24482 | |||
| Creditors: amounts fallingdue within one | Note 9 | ||||
| Net current assets(liabilites) | 24482 | 24482 | |||
| Total assets less current liabilites | 25662 | 25662 | |||
| Creditors: amounts fallingdue afer oneyear | |||||
| Provisions for liabilites | |||||
| Total net asset or liabilites | |||||
| Total net assets or liabilites | 25662 | 25662 | |||
| Funds of the Charity | |||||
| Endowment fund | |||||
| Restricted income funds £ | |||||
| Unrestricted income funds | Note 10 | 25226 | 25662 | ||
| Revaluaton reserve | |||||
| Total funds | 25662 | 25662 |
Approved by the trustees on 31 March 2020 and signed on their behalf by:
Abraham Yimer
8
Notes to the Accounts.
(a) Basis of preparaton
1. Accountng Policies
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
The Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with Charities Act 2011
1.1 Changes to accountng estmates.
No changes to accounting estimates have occurred in the reporting period.
1.2 Material prior year errors
No material prior year error has been identified in the reporting period (3.47 FRS 102 SORP).
2. INCOME
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
The charity has not yet received any legacy. However, if there is a Legacy gift, it will be recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
9
3. Analysis of income
| Analysis | Unrestricted Funds £ |
Restricted income funds |
Endowment funds |
Total funds £ |
|
|---|---|---|---|---|---|
| Donatons and legacies |
Donatons, church oferings, tthes and love gifs from 30 Sep 2022 to 31 March 2023 |
18775 | - | - | 18775 |
| GifAid | - | - | - | - | |
| Legacies | - | - | - | - | |
| General grants provided by government/ Other charites |
- | - | - | - | |
| Membership subscriptons and sponsorships which are in substance donatons |
- | - | - | - | |
| Donated goods, facilites and services |
- | - | - | - | |
| Other(Members ofering) | - | - | - | - | |
| Total | 18775 | - | - | 18775 | |
| TOTAL INCOME | 18775 | - | - | 18775 |
4. Analysis of Expenditures
| Analysis | Unrestricted Funds £ |
Restricted income funds |
Endowment funds |
Total funds £ |
|
|---|---|---|---|---|---|
| Expenditure on raising funds: Expenditure on charitable actvites |
Incurred seeking donatons | - | - | - | - |
| Incurred seeking legacies | - | - | - | - | |
| Total expenditure on raisingfunds |
- | - | - | - | |
| Hall Rent for worship Gatherings,subscriptons |
3210 | 3210 | |||
| General expenses | 2630 | 2630 | |||
| Charitable Funding’s | 2100 | 2100 | |||
| Refreshment and other expenses |
6309 | 6309 | |||
| Unallocated expense | - | ||||
| Insurance | - | ||||
| Total expenditure on charitable actvites |
14249 | 14249 | |||
| TOTAL EXPENDTURE |
14219 | 14249 |
10
5. Tangible fxed asset
| Freehold land and buildings |
Freehold land and buildings |
Choir Gown | Choir Gown | Plant, ofce equipment |
Plant, ofce equipment |
Musical equipment £ |
Musical equipment £ |
Total £ | Total £ | |
|---|---|---|---|---|---|---|---|---|---|---|
| At the beginning of theyear |
- | - | 1282 | 1282 | ||||||
| Additons | - | - | - | 106 | ||||||
| Revaluatons | - | - | - | |||||||
| Disposals | - | - | - | |||||||
| Transfers | - | - | - | |||||||
| At end of the year | - | - | - | 1388 | 2006 | |||||
| a. Depreciaton and impairments Basis RB RB RB RB RB Reducing Balance Rate 25% At the beginning of the year - - - - - Disposals - - - - - Depreciaton - - - 208 208 Impairment - - - - - Transfers - - - - - At the end of the year - - - 208 208 |
||||||||||
| Basis | RB | RB | RB | RB | RB | Reducing Balance |
||||
| Rate 25% | ||||||||||
| At the beginning of the year |
- | - | - | - | - | |||||
| Disposals | - | - | - | - | - | |||||
| Depreciaton | - | - | - | 208 | 208 | |||||
| Impairment | - | - | - | - | - | |||||
| Transfers | - | - | - | - | - | |||||
| At the end of the year |
- | - | - | 208 | 208 |
b. Net book value
| b. Net boo |
k value | ||||
|---|---|---|---|---|---|
| Net book value at the beginning of theyear |
- | - | - | 1282 | 1282 |
| Net book value at the end of the year |
1180 | 1180 |
6. Cash at bank and in hand
| 2023 £ |
2022 £ |
|
|---|---|---|
| Short term cash investments(less than 3 months maturitydate) | - | - |
| Short term cash deposits | - | - |
| Cash at bank and on hand | 24482 | - |
| Other | - | - |
| Total | 24482 | - |
11
7. Charity funds
| Fund names | Type PE,EE R OR UR |
Purpose and Restrictons |
Fund balances bought forward £ |
Income £ |
Expenditure £ |
Transfers | Gain and losses. £ |
Fund balances carried forward. £ |
|---|---|---|---|---|---|---|---|---|
| Unrestricted Fund |
UR | - | 18775 | 14429 | - | - | 4346 | |
| - | - | - | - | |||||
| Other funds | N/a | N/a | - | - | - | - | - | |
| Total Funds | - | 18775 | 14429 | - | - | 4346 |
12