2021-12-31-accounts - Life Church Ministries

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Contents	Contents
Charity information .
Trustees report.
Statement of	trustees'	responsibilities
Independent	Auditors	report.
Consolidated	Statement of Financial		Activities
Consolidated	Balance	Sheet..
Charity Balance Sheet.
Consolidated	statement ofcashflows		.
Notes to the	financial	statements.

Charity registration	Charity registration	Charity registration	number	1185953
Company	registration		number	11973632
Governing	instrument			Memorandum And Articles			Incorporated		1 May 2019
Trustees				P F Manchester
				Pastor J M James
				Pastor L Bryant (appointed			29June 2022)
				J Dowds (appointed	29June 2022)
				RV Atkin (appointed		28 September 2022)
				J Barnes (appointed	28 September 2022)
				M A Walker (resigned		29	June	2022	)
				E M F Ajayi (resigned		28	September 2022)
				S D Gambill (resigned		14	December 2022)
Registered		Office		Life Church Ministries
				Wapping Road
				Bradford
				BD3OEQ
Independent		Auditor		Watson Buckle Limited Statutory Auditor and Chartered				Accountants
				York House
				Cottingley Business	Park
				Bradford
				BD161PE
Bankers				Barclays Bank Pic
				10Market Street
				Bradford
				BD1 1EG

					Total
		Notes	Unrestricted	Restricted	Funds
			Funds	Funds	2021
					F
Income
Donations and Legacies			7,258,925	611,467	7,870,392
Other trading activities		4(a)	402,841		402,841
Charitable activities			106,827		106,827
Investments			35		35
Other			279,906		279,906
Total Income			8,048,534	611,467	8,660,001
Expenditure
Charitable activities			2,121,274	128,456	2,249,730
Other expenditure		4(b)	394,577		394,577
Total Expenditure			2,515,851	128,456	2,644,307
Net Income/(expenditure)			5,532,683	483,011	6,015,694
Transfers between	funds	22	165,443	(165,443)
Reconciliation of	funds
Total funds brought	forward	22
Total funds carried forward			5,698,126	317,568	6,015,694

				Group
			Notes	Funds
				2021f
Fixed assets
Tangible assets			13	7,284,932
Investments			14
				7,284,932
Current assets
Stock Debtors			15 '16	9,089 208,427
Cash at bank		in hand	17	740,211
				957,727
Liabilities
Creditors: due		within one year	18	(1,068,122)
Net current (liabilities)/assets				110,395
Total assets less	current liabilities
Less: Creditors —due after one year			19	(1,158,843)
				6,015,694
The funds ofthe	charity
Unrestricted	income funds		22	3,550,911
Revaluation	reserve		22	2,147,215
Total unrestricted	income funds			5,698,126
Restricted funds			22	317,568
Total charity funds				6,015,694

				Charity	Charity
			Notes	Funds	Funds
				2021	2020f
Fixed assets
Tangible assets			13	7,072,039
Investments			14	3
				7,072,042
Current assets
Stock			15
Debtors			16	246,284
Cash at bank		in hand	17	659,662
				905,946
Liabilities
Creditors: due		within one year	18	(825,595)
Net current (liabilities)/assets				80,351
Total assets less	current liabilities
Less: Creditors —due after one year			19	(1,136,699)
				6,015,694
The funds ofthe	charity
Unrestricted	income funds		22	3,550,911
Revaluation	reserve		22	2,147,215
Total unrestricted	income funds			5,698,126
Restricted funds			22	317,568
Total charity funds				6,015,694

				2021
Cashflows from operating activities
Net incoming resources before				6,015,694
other recognised gains/(losses)
Depreciation				202,977
(Gain)/Loss on disposal offixed assets				(2,140)
interest received		6		(35)
Interest paid		12		14,754
Decrease in stock				5,550
Decrease in debtors				75,107
(Decrease) in creditors				(305,815)
Gift ofnet assets from Life Church UK				~5,719,849
Net cash inflow from incoming resources				286,243
Cashflows from Investing activities
Interest received			35
Purchase oftangible fixed assets			(61,062)
Proceeds from sale oftangible fixed assets			2,428
Net cash flow from investing activities				(58,599)
Cash flows from financing activities
Proceed from new loans			540,000
Repayment of loans			(150,948)
Repayment offinance lease liabilities Interest paid		12	(13,328) ~14,754
Net cash flows from financing activities				360,970
Net increase in cash and cash equivalents				588,614
Cash and cash equivalents acquired;	gift ofnet assets from			151,597
Life Church UK 1 January 2021
Cash and cash equivalents at 29 December 2021		17		740,211

Freehold	Buildings	2%on cost
Leasehold	improvements	10%on cost
Fixtures,	Fittings & Equipment	15%on cost
Computer	8 Media Equipment	15%on cost
Motor Vehicles		25%on cost

4	Income from trading acti	vities ofsubs	vities ofsubs	vities ofsubs	idiary	idiary	idiary	idiary
	The charity has one wholly	owned trading			subsidiary.				Abundant		Life Resources		Limited (Note		14)which
	is incorporated in England		and	Wales sells merchandise						related to the charity's			objectives	through as
	shop, mail order and via		the	internal.	Funds			are	also	raised	by hosting	conferences		for external
	organisations. When available,			distributable		profits			are donated		to the charity	under Gift Aid.
															2021
	4(a) Incoming resources Merchandising and events		(other trading			activities			in SOFA)						402,841
	Other operating income (other			income	in	SOFA)									81,185
	Profit on disposal offixed		assets (other		income			in	SOFA)						30
	Total incoming resources														484,056
															2021
	4(b) Merchandising, event and			administration			costs								394,577
	Other expenditure														394,577
5	Income from charitable activities
															2021
	Educational and training	activities													98,031
	Worship, celebration and		youth events												8,796
															106,827
6	Income from investments
															2021
	interest received														35
7	Other Income
															2021
	Government Grants Job	Retention Scheme													239,708
	Other income														38,058
	Profit on disposal offixed		assets												2,140
															279,906

8	Expenditure on Charitable	activities	activities	activities		Unrestricted Restricted	Unrestricted Restricted	Unrestricted Restricted
							2021	2021	2021
								F
	Charity's objectives Ministry Support —individuals Staff costs		and	organisations			31,617 1,320,450		31,617 1,320,450
	Marketing and publicity Provision and Maintenance	of	Premises		and		13,733 348,234	10,295	13,733 358,529
	Equipment Administration costs						172,039	118,161	290,200
	Depreciation						154,399		154,399
							2,040,472	128,456	2,168,928
	Governance costs
	Audit services						30,000		30,000
	Professional fees						50,802		50,802
							80,802		80,802
	Total expenditure on charitable			activities			2,121,724	128,456	2,243,730
9	Auditor's remuneration
									2021
	Fees payable to the charity's		auditor for the audit			ofthe	charity's annual	accounts	30,000
	Fees payable to the charity's auditor for other services: Audit ofthe charity's subsidiaries								26,600

						2021
	Salaries and other short-term employee Social Security costs Defined contribution pension costs			benefits		305,141 35,466 6,145
						346,752
11	Staff costs and employee benefits					2021
	Wages and salaries Social Security Defined contribution pension costs Other staff costs					1,196,069 91,674 20,886 11,821
						1,320,450
						Number
	Number	ofemployees receiving	benefits	(excluding	employer's
	pension	costs) which fell within	880,000	-f90,000
	Average	number ofemployees				55
12	Interest	payable and similar expenses				2021
	Bank loans and overdrafts					12,937
	Finance	charges payable under	finance	leases		1,817
						14,754

Tangible fixed assets
	Freehold		Fixtures	Computer
Group	Land & Buildings	Leasehold Improvements	Fittings & Equipment	&Media Equipment	Total
Cost or revaluation
At 1 January 2021 Gifts from other	6,720,272	237,781	318,044	98,455	7,374,552
charities
Additions	59,437		1,625	52,612	113,674
Disposals			7,060		7,060
At 29 December 2021	6,779,709	237,781	312,609	151,067	7,481,166
Depreciation
At 1 January 2021 Charge for the year Disposals	58,874	28,637	77,085 6,773	38,411	203,007 6,773
At 29 December 2021	58,874	28,637	70,312	38,411	196,234
Net book value
At 29 December 2021	6,720,835	209,144	242,297	112,656	7,284,932

espect ofassets held und	er finance lea	ses.
	Freehold		Fixtures	Computer
Charity	Land & Buildings	Leasehold Improvements	Fittings & Equipment	&Media Equipment	Total
Cost or revaluation
Gifts from other	6,720,272	160,464	231,249	57,451	7,169,436
charities
Additions	59,437				59,437
Disposals			5,500		5,500
At 29 December 2021	6,779,709	160,464	225,749	57,451	7,223,373
Depreciation
At 1 January 2021 Charge for the year Disposals	58,874	20,046	53,606 5,500	24,308	156,834 5,500
At 29 December 2021	58,874	20,046	48,106	24,308	151,334
Net book value
At 29 December 2021	6,720,835	140,418	177,643	33,143	7,072,039

Investment	in subsidiaries
					Percentage	of
			Number	and class	authorised
Subsidiary	company	Nature ofbusiness	ofshares	held	share capital
Momentum	AV Ltd	Dormant	1 Ordinary		100%
(Company	number 04198813)
Abundant	Life Music Limited	Dormant	1 Ordinary		100%
(Company	number 05194693)
Abundant	Life Resources Limited	Merchandising	1 Ordinary		100%
(Company	number 04375729)	and conferences

16	Debtors
							Group	Charity
							2021f	2021
	Trade debtors						107,803	101,073
	Other debtors						23,076	88
	Prepayments Amount owed	and accrued income by group undertakings					77,548	53,169 91,954
							208,427	246,284
17	Cash and cash equivalents
							Group	Charity
							2021	2021
	Cash and cash equivalents			in the statement		ofcash	740,211	659,662
	flows
	Cash at bank						740,211	659,662
18	Creditors: Amounts		falling	due within	1year
							Group	Charity
							2021	2021
	Trade creditors						113,621	80,737
	Other creditors						56,921	4,145
	Bank loans						552,962	552,962
	Hire purchase						17,140
	Taxation and social security						91,236	24,218
	Other loans						100,000	100,000
	Accruals and deferred		income				136,241	63,534
							1,068,121	825,596

Cred	itors: Amounts falling due afte'	r 1year
		Group	Charity
		2021	2021
Bank	loans	1,136,699	1,136,699
Hire	purchase	22,144
		1,158,843	1,136,699

es uarantee) atements ber 2021
Group	Charity
2021	2021f
146,105	146,105
990,594	990,594
1,136,699	1,136,699

Group
	2021
Not later than one year	19,960
Later than one and not later than five years	24,950
Later than five years
Less finance charges	44,910 ~6,626
	39,284
Charity
	2021
Not later than one year
Later than one and not later than five years
Less finance charges

Total future minimum lease payments under non-cancellable	operating leases are as follo	ws:
	Land &
	Buildings	Other
Group	2021	2021
Not later than one year	186,519	14,417
Later than one and not later than five years	551,021	48,342
Later than five years	666,052
	1,403,592	62,759

	Land &
	Buildings	Other
Charity	2021	2021
Not later than one year Later than one and not later than five years	186,519 551,021
Later than five years	666,052
	1,403,592

Deferred income
	Group	Charity
Due within one year Acquired from gift ofnet assets from	283,898	5,908
Life Church UK 1 January 2021 Additions during the year Amounts released to income Carried forward 29 December 2021	41,136 283,898 41,136	9,157 ~5,908 9,157

und reconciliation
				Balance at
		Net incoming		29 December
		Resources	Transfers	2021
				R
Unrestricted
General		3,301,492	207,979	3,509,471
Designated Cherish Foundation		39,128		39,128
Christmas Funds		2,312		2,312
Vision		42,536	(42,536)
Revaluation reserve		2,147,215		2,147,215
		5,532,683	165,443	5,698,126
Restricted
SHE Kindness kitty We are one		18,591 29,009		18,591 29,009
Mortgage Compassion Conferences		357,747 6,800 6,458	(164,793) (3,229)	192,954 6,800 3,229
Uganda Daycare - CAP collection Cherish		3,238 33 (1,929)	1,929	3,238 33
Cherish Foundation	2021	(586)	586
YE Movement Hampers-		29,570		29,570
Covid 19Relief Fund
Christmas 2020		16,749		16,749
Leeds electric oven		(44)	44
Rock Nations Vision		(21)	21
Rescue
Winter BoxAppeal		17,395		17,395
		483,011	165,443	317,568

quired), showing changes resulting	from
	Acquired from
	gift of net		At
	assets 1		29December
	January 2021	Cash flows	2021
Long term borrowing Short term borrowing	1,300,610 100,000	389,052	1,689,661 100,000
Lease liabilities		39,284	39,284
	1,400,610	389,052	1,828,945

imited re	ceivi	ng a com	mission in exchange for acting as an	agent.
				2021
Commission		received	from	1,075
Amounts	due	from		22,974