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|Charity information|||
|---|---|---|
|Trustees report .||2-7|
|Statement oftrustee's
responsibilities .....|||
|Independent
Auditors report|||
|Consolidated
Statement ofFinancial Activities ...|||
|Consolidated
Balance Sheet||15|
|Charity Balance Sheet||16|
|Consolidated
statement
ofcashflows ....||17|
|Notes to the financial statements|..........|18-7?|
##
|Charity registration|Charity registration|number|1185953|||||
|---|---|---|---|---|---|---|---|
|Company|registration|number|11973632|||||
|Governing|Instrument||Memorandum
And Articles||Incorporated||1May 2019|
|Trustees|||P FManchester|||||
||||Pastor J M James|||||
||||Pastor LBryant (appointed||29June 2022)|||
||||J Dowds (appointed|29June|2022)|||
||||RVAtkin (appointed|28September 2022)||||
||||Jgarnes (appointed|28September 2022}||||
||||M AWalker (resigned 29June 2022)|||||
||||EM FAjayi (resigned|28September 2022)||||
||||S D Gambill (resigned|14December 2022)||||
|Registered|Office||Life Church Ministries|||||
||||Wapping Road|||||
||||Bradford|||||
||||BD3OEQ|||||
|Independent|Auditor||Torevell Dent (Audit)|LLP||||
||||Statutory Auditors
and Chartered|||Certified|Accountants|
||||1-3StAnn's Place|||||
||||Pelion Lane|||||
||||Halifax|||||
||||HX1 SRB|||||
|Bankers|||Barclays Bank Pic|||||
||||10Market Street|||||
||||Bradford|||||
||||BD1 1EG|||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Notes|Fundsf|Fundsf|Funds 2022f|Funds 2021
f|
|Income|||||||
|Donation and Legacies|3||1,418,648|158,033|1,576,681|7,870,392|
|Other Trading Activities|4a||247,207|30|247,237|402,841|
|Charitable
Activities|5||71,698|15,440|87,138|106,827|
|Investments|6||130||130|35|
|Other|7||(57,401)||(57,401)|279,906|
|Total Income|||WB2||||
|Expenditure|||||||
|Charitable
Activities|8||1,666,138|113,278|1,779,416|2,249,730|
|Other Expenditure|4b||537,829||537,829|394,577|
|Net Income/(Expenditure)|20||(523,685)|60,225|(463,460)|6,015,694|
|Transfers Between Funds|20||||||
|Reconciliation
Of Funds|||||||
|Total Funds 8/Fwd|20||5,698,126|317,568|6,015,694||
|Total Funds C/Fwd|20||||~54|605 9|
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||||Notes|2022|||2021|
|---|---|---|---|---|---|---|---|
|Cashflows from operating|activities|||||||
|Net (outgoing)/incoming|resources|before other||||||
|recognised
gains/(losses)|||||(463,460)||6,015,694|
|Depreciation|||||218,164||202,977|
|(Gain)/Loss on disposal offixed assets|||||||(2,140)|
|Interest received|||6||(130)||(35)|
|Interest paid|||12||29,906||14,754|
|(Increase)/decrease
in stock|||||(5,061)||5,550|
|Decrease in debtors|||||58,685||75,107|
|(Decrease) in creditors|||||(31,080)||(305,815)|
|Gifts ofnet assets from Life Church||UK|||384,848||(5,719,849)|
|Net cash inflow from incoming resources|||||191,872||286,243|
|Cashflows from investing|activities|||||||
|Interest received||||130||35||
|Purchase oftangible
fixed|assets|||(2,300)||(61,062)||
|Proceeds from sale oftangible
fixed||assets||||2,428||
||||||(2,170)||(58,599)|
|Cashflows from financing activities||||||||
|Proceeds from new loans||||||540,000||
|Repayment
ofloans||||(50,188)||(150,948)||
|Repayment
offinance lease liability||||(15,911)||(13,328)||
|Interest paid|||12|(29,906)||(14,754)||
|Net cashflow from financing
activities|||||(96,005)||360,970|
|Net increase in cash and cash equivalents|||||93,697||588,614|
|Cash and cash equivalents|acquired;|gift of||||||
|net assets from Life Church|UK 1january 2021||||||151,597|
|Cash and cash equivalents|at 29December 2022||17||||~42|
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|||||Unrestricted|Unrestricted|Unrestricted||Restricted|Restricted|Total2022|Total2022|Total 2021|Total 2021||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||E|||||E||E||
|Gifts from charities or organisations||||||854||28,901|||29,755|5,719,849|||
|Gift Aid recovered|||||147,884||||1,020||148,904|223,531|||
|Regular giving|and capital donations||||1,269,910|||128,112|||1,398,022|1,927,012|||
||||||XAQ~||||||||||
|4.Income from|trading activities ofsubsidiary||||||||||||||
|The Chairty has|one wholly owned trading||subsidiary.|||Abundant||Life Resources||Limited (Note||14)which isincorporated||in|
|England
and Wales sells merchandise||related||to|the|Charity's|objectives through||||a shop, mail|order|and via the internet.||
|Funds are also raised by hosting conferences for|||||external organisations.||||When|available, distributable|||profits are donated||
|tothe charity under Gift Aid.|||||||||||||||
|||||||Unrestricted||Restricted|||2022||2021||
||||||||||||E||E||
|4a.Income resources|||||||||||||||
|Merchandising|and events (other trading||||||||||||||
|activities
in SOFA||||||247,207|||30||247,237|402,841|||
|Other operating|income (other income in||||||||||||||
|SOFA)|||||||||||||81,185||
|Profit on disposal offixed assets (Other incom&|||||||||||||||
|on SOFA)|||||||||||||30||
||||||||||||||40 6||
||||||||||||2022||2021||
||||||||||||E||E||
|4b.Expenditure|||||||||||||||
|Merchandising,|events and administration||costs||||||||537,829||394,577||
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||||||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
|Educational|and training||activities||||55,795|15,440|71,235|98,031|
|Worship, celebration,||and youth events|||||15,903||15,903|8,796|
|6.Income from charitable|||activities||||||||
||||||||||2022
f|2021f|
|Interest|received||||||||130|35|
|7.OtherIncome|||||||||||
||||||||||2022|2021|
|||||||||||f|
||Government||Grant Job Retention||||Scheme|||239,708|
||Other income||||||||81,642|38,058|
||Profit on disposal|||offixed||assets|||(139,043)|2,140|
|B.Expenditure|on charitable||activities||||||||
||||||||Unrestrictedf|Restricted
f|2022
Total|2021
Total|
|Charity Objectives|||||||||||
|Ministry support —individuals||||and||||||31,617|
|organisations|||||||57,317|105,817|163,134||
|Staffcosts|||||||930,718|1,551|932,269|1,320,450|
|Marketing
and publicity|||||||23,627|571|24,198|13,733|
|Provision
and|maintenance||of|Premises||and|||||
|Equipment|||||||343,827|300|344,127|358,529|
|Administration|cost||||||104,263|5,039|109,302|290,200|
|Depreciation|||||||174,686||174,686|154,399|
||||||||||~17477 6||
|Governance
Costs|||||||||||
|Audit Services|||||||3,700||3,700|30,000|
|Professional
Fees|||||||28,000||28,000|50,802|
|Total expenditure
on charitable|||||activities||38$i~g|||~49930|
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|fiiotes toth|e consolidated
fin|e consolidated
fin|ancial statements
continued|||
|---|---|---|---|---|---|
|9.Auditors|remuneration.|||||
|||||2022|2021|
|||||Total|Total|
|Fees payable tothe||Charity's|auditor for the|||
|audit ofthe Charity's||annual|accounts|26,700|30,000|
|||||~27||
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||||2022|2021|
|---|---|---|---|---|
|Salaries and other short- term employee||benefits|247,235|305,141|
|Social Security costs|||32,140|35,466|
|Defined contribution|pension costs||4,945|6,145|
|||||~752|
##
|Notes tothe consolidated
financial statements
continued|Notes tothe consolidated
financial statements
continued|||
|---|---|---|---|
|11Staffcosts and employee
benefits||||
|||2022|2021|
|Wages and salaries||848,964|1,169,069|
|Social security||76,842|91,674|
|Defined contribution|pension costs|19,210|20,886|
|Other staff costs||15,505|11,821|
||||~130 5|
|||2022|2021|
|Number ofemployees|receiving benefits|||
|{excluding employers|pension costs]|||
|which fell within 680,000 - E90,000||||
|Average number ofemployees||||
|12Interest Payable and similar expenses||||
|||2022|2021|
|Bank loan and overdrafts||27,010|12,937|
|Finance charges payable under finance leases||2,896|1,817|
||||147 4|
##
|13Tangible Fixed Assets||||||
|---|---|---|---|---|---|
||Freehold||Fixtures,|Computer &||
||land &|Leasehold|Fittings &|Media||
|GROUP|Buildings|Improvementsf|Equipmentf|Equipment
f|Totalf|
|Cost or revaluation||||||
|At1January 2022|6,779,709|246,372|312,609|340,442|7,679,132|
|Additions||||2,300|2,300|
|Disposals|(34,136)|(129,077)|(25,519)|(1,459)|(190,191)|
|As at29December 2022|~47|||||
|Depreciation||||||
|At1January 2022|58,874|37,228|70,312|227,786|394,200|
|Charge for year|57,509|24,637|102,879|33,139|218,164|
|Elim on disposal
As at29December 2022||(23,811)
~54|(17,247)
~|(802)
~|(41,860)
~0|
|Net book valbe 2022||~741|~i||(b9~073|
|Net book value 2021|||||~72|
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||Freehold||Fixtures,|Fixtures,|Computer &||
|---|---|---|---|---|---|---|
||Land &|Leasehold|Fittings &||Media||
|CHARITY|Buildings
E|Improvements
f|Equipment
E||Equipment
E|Total
E|
|Cost or revaluation|||||||
|At1January 2022|6,779,709|160p464|225,749||57,451|7,223p373|
|Additions|||||||
|Disposals|(34,136)|(129,077)|(14,922)|||(178,135)|
|As at 29December 2022|||||||
|Depreciation|||||||
|At 1January 2022|58,874|20,046||48,106|24,308|151,334|
|Charge for year|57,509|16,046||79,897|21,233|174,685|
|Elim on disposal||(23,811)||(7,567)||(31,378)|
|As at29December 2022|||||||
|Net book value 2022|||||||
|Net book value 2021||~41|~1|||~7|
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||||Charity 2022|Charity 2022|Charity 2021|
|---|---|---|---|---|---|
|||||Total|Total|
|Investment|in subsidiaries|||||
|Subsidiary|Company||||Percentage of|
|||Nature of|Number/|Class|authorised|
|||Business|ofShares|held|share capital|
|Momentum|AV Ltd|||||
|(Company|number 04198813)|Dormant|1Ordinary||100%|
|Abundant|Life Music Limited|||||
|(Company|number 05194693)|Dormant|1Ordinary||100%|
|Abundant|Life Resources Limited|Merchandising||||
|{Company|Number 04375729)|and conferences|1Ordinary||100SS|
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||||Group 2022
E|Charity 2022
f|Group 2021|Charity 2021f|
|---|---|---|---|---|---|---|
|Cash and cash equivalents||in the|||||
|statement
ofcashflows|||93,697|89,326|740,211|659,662|
|Cash at bank|||||||
|18Creditors: Amounts|falling due within 1year||||||
||||Group 2022|Charity 2022|Group 2021|Charity 2021|
|||||E||f|
|Trade creditors|||82,541|33,253|113,621|80,737|
|Other creditors|||320||56,921|4,147|
|Bankloans|||552,962|552,962|552,962|552,962|
|Hire purchase|||18,674||17,140||
|Taxation and social security|||95,206|34,078|91,236|24,218|
|Other loans|||100,000|100,000|100,000|100,000|
|Accruals and deferred|income||127,619
~2|10,658
~01|136,241|63,534|
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||||Net incoming||Balance asat 29|
|---|---|---|---|---|---|
|||Balance B/fwdf|resources
E|Transfers
E|December 2022
E|
|Unrestricted||||||
|General||3,509,471|(523,685)||2,985,78|
|Designated||||||
|Cherish Foundation||39,128|||39,128|
|Christmas|Funds|2,312|||2,312|
|Revaluation|Reserve|2,147,215|||2,147,215|
||||||5~7444|
|Restricted||||||
|SHE Kindness|Kitty|18,591|||18,591|
|We are one||29,009|48,649|(55,184)|22,474|
|Mortgage||192,954||(7,200)|185,754|
|Compassion||6,800|11||6,811|
|Conferences||3,229|4,475||7,704|
|Uganda||3,238|1,095|(4,826)|(493)|
|Daycare —CAP collection||33|||33|
|Barnados|||550|(550)||
|Life College|||15,440||15,440|
|YE Movement|Hampers|29,570|16|(465)|29,121|
|Christmas 2020||16,749|||16,749|
|Ukrainian
Crisis|||89,642|(33,074)|56,568|
|Rock Nation Vision Rescue|||22||22|
|Easter 2022|||1,468|(9,694)|(8,226)|
|Winter BoxAppeal||17,395|2,134|(2,284)|17,245|
|Christmas 2022|||10,000||10,000|
|||||1 27||
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