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2025-02-28-accounts

Restored to Restore

Report and Accounts Year ended 28 February 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

RESTORED TO RESTORE

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 28 FEBRUARY 2025

ADDRESS FOR CORRESPONDENCE Christian Life Church 4 Manor Lane Shipley BD18 3EA GOVERNING DOCUMENT CIO Constitution dated 21 September 2021 CHARITY REGISTRATION NUMBER 1196781 TRUSTEES RESPONSIBLE FOR Nigel Fawcett-Jones MANAGING THE CHARITY Jo Dixon Margaret Elizabeth Upstone Phillip George Ainge Paul Graham Hubbard (resigned July 2024) Adam James Carver (resigned June 2024) Hannah Clifford (appointed January 2025) Simon Ross Mackenzie (appointed January 2025) Nicola Donna Marie Call (appointed January 2025) INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2-5 Trustees' Report Page 6 Independent Examiner's Report Page 7 Receipts and Payments Account Page 8 Statement of Assets & Liabilities Page 9 Notes to the Accounts

Page 1

Christian Life Church – Restored to Restore

Trustees’ Annual Report for the Financial Year 2024/2025

1. Introduction

Christian Life Church is located in Shipley, West Yorkshire, and operates from a Victorianera building in the town centre. The church draws its congregation from across Shipley and the wider Leeds and Bradford areas, welcoming individuals of all ages, backgrounds, and cultures. The charity is committed to lifelong discipleship, with teaching grounded in biblical principles and the core values of faithfulness, accountability, commitment, and trust. These principles and values are encouraged to be worked out in the day to day lives of congregants, with the objective of being restored to enable others to be restored.

2. Charitable Objectives and Public Benefit

The charity’s objectives are:

The trustees have exercised oversight, governance, and strategic support throughout the year to ensure these objectives are pursued effectively, notwithstanding significant economic pressures, including rising energy/operational costs, the loss of rental income associated with the use of the building and an ongoing restructuring of church leadership.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

3. Activities and Achievements

Despite financial challenges, key mission priorities have been upheld. Achievements during the year include:

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4. Building and Facilities

The trustees have ensured the safety, maintenance, and suitability of the church building for continued use. Internal and external works were undertaken during the year to ensure the premises remain safe and welcoming.

5. Governance and Compliance

During the year, the charity completed the merger of charities and asset transference as part of transition to a Charitable Incorporated Organisation (CIO) which was completed in the previous reporting year.

Key policies reviewed or implemented include:

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Three additional trustees have joined the team bringing experience from the diverse backgrounds of business, education and children’s social care.

All trustees have completed Safeguarding training and have reviewed Charity Commission guidance on the role of charity trustees.

The trustees continue to monitor governance and compliance in accordance with regulatory requirements.

6. Financial Review

The financial year 2024/2025 was marked by considerable pressure due to costs associated with staff redundancy and the loss of revenue from services charges associated with the use of part of the building. While regular giving remained steady and, in some months, increased, expenditure growth required strategic financial management. Key measures included:

These actions, alongside a revised budget, have contributed to improving financial stability. The trustees continue to monitor financial performance closely and meet regularly to review and adjust as necessary.

7. Reserves

Our reserves policy, adopted in December 2022, continues to guide prudent financial management. In 2024/25, reserves were held but drawn upon—fully in line with policy—to ensure salaries and essential bills were met promptly during a financially tight period. As we emerge from this challenge, the Trustees are confident that reserves will be rebuilt in line with policy and budget forecasts, safeguarding the charity’s stability and readiness for the future. The Trustee’s desire is to work towards reserves of £30,000 which would be 3 months operating costs.

8. Risk Statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where

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possible, they take appropriate measures to mitigate those risks. This approach is reflected in our Risk Management Policy.

9. Conclusion

While 2024/2025 presented financial and church structure challenges, Christian Life Church – Restored to Restore – has continued to fulfil its charitable objectives, impacting individuals, families, and the wider community through discipleship, support, and outreach. The commitment of members—through giving and service—has underpinned the church’s ongoing ministry.

The trustees remain dedicated to the responsible stewardship of resources and the effective delivery of the charity’s purpose in the year ahead.

10. Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

- Nigel Fawcett Jones

Nigel Fawcett-Jones (Sep 25, 2025 08:58:40 GMT+1)


Nigel Fawcett-Jones

Chair.

Date: Sep 25, 2025

Nigel Fawcett-Jones

Chair of Trustees

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

RESTORED TO RESTORE

I report to the trustees on my examination of the accounts of Restored to Restore ('the charity') for the year ended 28 February 2025 on pages 7 to 9 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin

Sarah Crispin (Sep 29, 2025 14:36:21 GMT+1)

Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Sep 29, 2025

Page 6

RESTORED TO RESTORE

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2025

Unrestricted Funds
General Designated Restricted
Funds Funds Funds 2025 2024
Notes £ £ £ £ £
Income receipts
Donations 105,986 - 3,680 109,666 122,494
Gift aid receipts 23,477 - 849 24,325 25,347
Income from letting of facilities 10,025 - - 10,025 12,876
Other 675 - - 675 712
Interest 51 - - 51 35
Total receipts 140,213 - 4,529 144,742 161,463
Payments
Payments
in
relation
to
activities undertaken directly
charitable 2 125,330 - 9,037 134,367 159,051
125,330 - 9,037 134,367 159,051
Purchase of fixed assets - - - - 2,835
Loans repaid 5,128 - 167 5,295 12,109
5,128 - 167 5,295 14,944
Total payments 130,458 - 9,204 139,662 173,995
Net
of
receipts
transfers
/ (payments) before 9,755 - (4,675) 5,080 (12,531)
Transfers between funds 4 (6,779) - 6,779 - -
Net movement in funds 2,976 - 2,104 5,080 (12,531)
Cash funds as at last year end (750) - (1,136) (1,886) 10,645
Cash funds at this year end A 2,225 - 968 3,193 (1,886)

The notes on page 9 form part of these accounts.

Page 7

RESTORED TO RESTORE

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
A
Cash funds
Cash at bank with immediate access
Petty cash
B
Other monetary assets
Gift aid due to charity
C
Liabilities
Falling due within one year
Mortgage
Loans
Taxes due
Fee for Independent Examination
Accrued expenses
Grant obligations
Falling due after one year:
Mortgage
Total
General
funds
£
2,215
10
2,225
989
989
2,566
-
704
1,950
927
10,000
16,147
80,836
80,836
96,983
Restricted
funds
£
968
-
968
-
-
-
-
-
-
-
-
-
-
-
-
2025
£
3,183
10
3,193
989
989
2,566
-
704
1,950
927
10,000
16,147
80,836
80,836
96,983
2024
£
(1,897)
10
(1,886)
1,295
1,295
1,196
582
458
1,860
1,707
-
5,803
82,212
82,212
88,015

The above mortgage is secured by first legal charge over the buildings at 4 Manor Lane, Shipley and is repayable in full by October 2040. Interest is currently charged at a standard variable rate of 9.35%. The charity was granted a repayment holiday from March 2024 - August 2024 and the liabilities shown above reflected this.

D Assets retained for charity's own use

Freehold land & buildings
Equipment & furniture
Cost
£
257,950
11,492
269,442

E Guarantees and secured debts

The outstanding balance on the charity's mortgage (which is £83,408) is secured on the charity's property (see note C).

The charity has not given any guarantees and has not provided its assets as security for any other liabilities.

The accounts were approved by the trustees and signed on their behalf by:

- Nigel Fawcett Jones

Nigel Fawcett-Jones (Sep 25, 2025 08:58:40 GMT+1)


Nigel Fawcett-Jones (Chair)

Sep 25, 2025 Date: ____

The notes on page 9 form part of these accounts.

Page 8

RESTORED TO RESTORE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Pastoral support, salaries & expenses
Mission & other charitable gifts
Other premises expenses
Admin costs
Independent examination
Unrestricted Fun
General
funds
£
76,443
14,000
22,397
10,630
1,860
125,330
ds
Designated
funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
8,442
-
595
-
9,037
Total
2025
£
76,443
22,442
22,397
11,225
1,860
134,367
Total
2024
£
97,954
23,877
26,396
9,024
1,800
159,051

3 Transactions with related parties

P. Hubbard and A. Carver served as church leaders and were paid £11,040 and £2,675 in fees respectively (2024: £30,150 and £33,100) for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

A. Carver served as a church leader and was paid £28,966 (2024: £0) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

M. Upstone served as an administrator and was paid £8,910 (2024: £8,910) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

In addition, P Hubbard was reimbursed for travel, subsistence & conference costs incurred in carrying out his apostolic role, not for serving as a trustee.

4 Movement of funds

General funds
Restricted funds
Building Fund
Apostolic Jar
Mission Fund
Total funds
Opening
balance
£
(750)
160
(1,350)
55
(1,136)
(1,886)
Receipts
£
140,213
794
-
3,735
4,529
144,742
Payments
£
(130,458)
(202)
-
(9,002)
(9,204)
(139,662)
Transfers
£
(6,779)
-
1,350
5,429
6,779
-
Closing
balance
£
2,225
751
-
217
968
3,193

The transfers from General Funds to various restricted funds relates to unrestricted income which the trustees have set aside for these purposes.

The Building Fund is donations received for work on the building

The Apostolic Jar Fund is donations received for Paul Hubbard (apostle) to use at his discretion for hardship relief or mission. The Mission Fund is for the support of mission causes, in particular in Nepal and Kenya

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