REGisfERED CHARrrY NUMBER: 1208399 Unaudlted Flnanclal Statsments for the Perlod 18 May 2024 to 31 Marth 2025 for Llfe Church Lutterh The Rowieys Partnershlp Ltd Chartwed ctlts Charnwood House Harcourt Way Merldlan Buslness Park Lelcester Leice5terthire LE19 1WP
Llfe Church Ltterwth of the nnandal 5tsteMts for the Perlo(f 28 Akny 2024 to 31 Marth 2025 Referenc• AdmIn15trat tktsi R•wt of the Ttee$ Independent Examlnér's Report Stat•m•nt of Flnanclal ActMtI•s Balan 14ote5 to the Flnanclal St•t•monts 9 to 14 D•talled Statement of Flnanclal ActMtI•s 15
Llfe Church Luttenyorth Reference and A(knlnlstratlve D•talls for the Perlod 28 May 2024 to 31 March 2025 TRusfEES F Kershaw . Chalr IJMair JAMair MDMalr Swmalr PRINCIPAL ADDRESS Chapel Street LutteOrth Leicesterthlre LE17 4EU REGISTERED CHARITY NUIABER 1208399 INDEPENDENT EXAMIMER The ROWI$ Partnershlp Ltd Chartered Accountant5 Chamwood House Harcourt Way Merfdlan Business Park Lefcester Lefcestershlre LE19 IWP SOUQTORS Broomfleids Solldtors Mlnerva House 7 St John's Buslness Part( Rugby Road LutteThvorth LE17 4HB BANKERS Barclays Bank 1.3 Haymarket Tower5 Humberst¢e Gate Lelcester LE11WA Page 1
Llfe Churth Lutterrtorth Report of the Trustees for the Perlod 28 May 2024 to 31 March Z025 The tru5tee5 present thelr rert wlth the flnandal statements of the chadty for the perfod 28 May 2024 to 31 March 2025. The trustee5 have adopted the pms7on$ of Accounting and Reporting by Charities". Ststement of RecLYnmended Practlce applicable to charities preparing their accounts in accordance with the Finandal Reporting StaIard applicable In the UK and Republlc of Ireland (FR5 IOZI leffectlve 1 January 2019). The finandal Statements have been prepared In accordance with the accc4mtlng polldes set clrt In the note5 to the accounts and ctynply wlth the tharftys govemlng dument, the Charities Act 2011 and Accounting and Reportlng by Chadtle5: Statement of Recommended Prartice appllcable to tharitie5 preparing thelr accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republlc of Ireland publtshed In October 2019. OBJECTIVES AND ACTivrriES Objectlves and alms The objects of the thurch are: F¢X the advancement of the Chrfstian falth In accordance with the Ba515 of Faith primarfly but not excluslvely withln Lutterworth and the surroundlng vlllage5-. To glorffy God by holthn8 regular worshlp servtce5, tralnlng people In the truth of the Blble. bulldlng up Chrtstians by the faithful teachlnq of God's Word and SLtpporting other Christian actlvitles In the local communlty as shall, In the oplnlon of the charSty tru5tee5. further the work of the church. Slgnlflcant actlvltles The church meets fcff a worshlp seTrice at 10.30am each Sunday moming, Includlng communlon on the flrst and third Sunday5 of each month. A children's group meet during part of the Sunday sece. On Thursday evenlngs at 7.30pm a Prayer and Praise meetlng Is held In the church. These arrangements may vary at certaln times of the year such a5 Chrlstmas and Easter. Publlc benefit Thrgh the holding of seceS and teaching from the Blble, whlch glves gul(iance in Ilfe, offers comfort in tlmes of sorrow and loss, Inspfratlon, and deals wlth many of the Issues that people of all ages, natlonalitles. ethnic and soctal backgrounds face on a day to day ba515, the Trustee5 seek to advance the Chrf5tlan Faith In Lutterworth and the surrowMJng cornmunltles. The Trustees consider that they have ctynplled wlth thefr dutles under sectfjon 17 01 the Charlttes Act 2011 to have due regard to publlc beneflt guldance publlshed by the Chartty Commlssion. Page 2
Life Church Lutten¥orth Report of the Trustees for the Perfod 28 May 2024 to 31 l+larch 2025 ACHIEvEmEr5 AND PERFORMAMCE Charitable actlvltle5 The alm of Llfe Church Lutterworth Is as stated under the 'Objective5 and Aims, paragraph Set out above. Since the first Sunday mornlng servlce on 11 August 2024. number5 attending have gradually 1ncreased. Arwnd 20 adults and 3 children attend on a regular basis, most of whom have expre55ed thelr commitment to the church and sUPPOrt the church financially. In ernber 2024, a Saturday evenlng wlth the Coventry and Waryackshlre Gospel Chofjr was held, to Increase awareness of the church In Lutterworth. About 70 people attended. Speclal serylces were heid at Christmas. IntatIOnS to events were distiibLrted at the Lutternorth Chrlstrnas Light Switch On. A webslte Iwww.Ilfechurchlutterworth.co.ukl, In5tagram aNI Facebook pages have been set up and notlces are regularty posted. Adverts are placed from tlme to tlme In IaL publicatlons. The Hyglene Bank 15 a Brassroots, cijmmunlty Inltlatlve giving hygiene and personal care products to those who need thern most acros5 the UK. Llfe Church Lutterworth Is a collertion point In the communlty for these items whlch are then distrlbuted by the local Ftyglene Bank Coordlnator. FINANCIAL REVIEW Flnanclal posltlon We give God thanks that through the 8eneroslty of those who attend Llfe Church LutteNorth regularly and caslonally* donors and Trusts. we have been able to fund the renovatlon of the main meeting area of the hurch, cover all tosts associated with running the church and, at the tlme of preparlng thi5 report, hold £18,000 In the church bank account. The total Income for the year was £57,372 and the totsl expendlture for the year was £31,418, resuitlng In a net Su15 of £25,954. Investment pollcy and objectlves The Treasurer maintalns the thurch funds In such banklng and deF¥JsIt account5 a5 are approved by the Trustees. Reserves pollcy The Trustee5 consider that a reserve equivalent to between four and slx nTr)nth5 of rental and 5UPPOrt Costs should be held In the bank account. CLbrrently £18,000 is held in the church bank account, whlch Is more than the requlred amount. and allows consideratlon to be given to investing in outreach artlvitle5 In the local communlty Isee Future Plansl.Total unre5trtcted reserves at the year end were £25,594, Golng concern The TnJstee5 have no uncertalntles abcxrt the charlty contlnuing as a golng concem. Page 3
Lrfe Church Lutterworth Report of the Trustees for the Perlod 28 May 2024 to 31 Marth 20Z5 FUTURE PLANS Membershlp There is no formal membership process in Life ChLrch Lutterworth. However, thls Is sornethlng the TnJ5tees have dlscussed with the Intentlon of Implementlng over the year ahead. stated In the Constitutlon, Membershlp of the Church Is open to anyone who profe55e5 the Chrf5ttan falth In accordance with the 8a515 of Faith. and who Is committed to furtherlng the Objects of the Church, and who by applying for membershlp, has Indlcated hfs or her agreement to become a member and acceptance of the duty of members set out in 5tts-clause 9,4 of the Constitution. Church Bulldln8 The landlord5 (The Junctlon Church) have approached the Trustees to ask If conslderatlon can be slven to the Trustees purchaslng the bulld6ng. Thls wlll be con51dered over the coming months. Outreach Con51deratlon Is belng glyen to how most effettiveLy to serve the IcKal cmunIty and ralse awareness of the thurch. srRUCTURE, GOVERNANCE AND IIANAGEMENT Governlng document Llfe Church LutteTh¥orth is governed by its CCst1tt1On, as approved by the Chadty Comm155lon In May 2024. It Is a charltable Incorporated organlsatton, re8lstered wlth the Charfty Cc¥nmlssl¢)n for EnqiaTrJ and Wale5, number 1208399. The church 15 affillated to the Fellowship of Independent Evangèllcal Churches IFIECI, 41 The Point, Market HarboroLryh LE16 7QU. Recrultment and appolntment of new trust•e5 The charity trustee5 may at any tlrne decide to appolnt a new dmrfty trustee, whether In place of a charlty trustee who has retired or been removed in accordance wlth clause 15 of the constltution Iretlrefflent and removal of charfty trustees), or a5 an addltlonal charfty trustee, provlded that the Ilmlt of ten tharlty triJ5tees would rKfyt a5 a result be exceeded. Oryanlsatlonal structure The manalement of Llfe Church LutteOrth Is vested In the trustees, ccnslstln8 of Chalrman, SeCretary1TasUrer and, at the tlme of preparfng th15 report, three addltional twstee5. Trustees give of thelr tlme freely and no tnjstee remuneratlon was paid In the year. Detai15 Qf trustee expense5 are disdosed In the accounts. Key manaiement remuneratlDn There is no remuneration paid to any of the trustee5 and Life Church LutteNorth doe5 IKIt have any employee5. CONCLUSION In concluslon, the Trustees of the Cabinet record their deep and Sincere thanks to all those who attend Life Church Lutterworth regularly and ¢xcasionally* donors and Tru5t5 for their faithful prayer5 and financial glvtng during 202412025. -And whatever yw do. whether in word cr deed, do It all in the name of the Lord Je5U5. giving thanks to God the Father through H7m. Colossians 3:17 Page 4
Lif• Church Luttorwwth Report of the Trustees for the Perlod 28 May 2024 to 31 Ilarth 2025 TH Approved by of the board of trwtees on ....... . and sl8ned its behalf F Ker5haw - Chalr . Trustee Paqe 5
lThdependent Examlner's Report to the Trustees of Life Churth Luttenyorth Independent examlnerfs report to the trnstèes of Life Church Luttenyorth I report to the charity tntee5 on my examination of the accounts of Ltfe Church Lutterworth (the TrLrtI for the perfDd 28 May 2024 to 31 I10rth 2025. Responsfbllltles and basls of rewt As the charity trustee5 of the Tnjst you are responsible for the preparation of the account5 accordance with the requ5rement5 of the Charfties Act 2011 {'the Act'i. I report In respect of my examlftatlon of the Trust's account5 carried wt under Sertlon 145 of the Act and In carrylng OLrt my examlnation I have followed all aFvlicable Directlons given by the Charlty Commlssion under Sectlon 14515)Ibl of the Art. Independent examlnerfs statement I have ctffipleted my examinatlon. I confirm that no material matter5 have come to my attentlon In connectlon wlth the examlnatlon Elvlng me cause to belleve that In any materfal respect: accountlng records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act., or the accounts do not accord with those records-. or the account5 do not comply with the appllcable requfrements concemlng the form and content of accounts set oul In the Charftles (Accounts and Report51 Regulatlon5 2008 other than any requlrement that the accounts glve a true and fair vlew whith Is not a matter cSIdered as part of an IndePent examlnatlon. I have ccfftcern5 arml have come across no other matters In ronnertlon wlth the examlnatlon to whl(h attent1 should be drdwn In this report In order to enable a proper understanding of the accounts to be reached. Mr5 L G Parkes FCA FCCA The In5tltute of Chartered Accountants In England and Wales The Rowleys Partner5hlp Ltd Chartered AccoLmtants Chamwood House Harcourt Way Meri¢Jian Buslness Park Lelce5ter Lelce5ter5hire LE19 IWP q4" 0.40.b.y... gé£s Page 6
Llfe Church Lutteryrth Statement of Fin4nclal Artlvltles for the Perlod 28 May 2024 to 31 March 2025 Lknrestrfcted Restricted fd fLmd Total funds Note5 INCOME AND ENDOWMENTS FROAI Donations and legades 47,013 10,349 57,372 EXPENDrruRE ON arltable activltSes Church rnlnlstry 22,514 4,238 26,752 Other 4,666 4,666 Total 27,180 4,238 31,418 NEf INCOME Transfers betmeen funds 19,843 6,111 6,111 Z5.954 1Z Met movement In funds 25,954 25,954 TOTAL FUMDS CARRIED FORWARD 25,954 25,954 The notes forni part of these finandal statements Page 7
Lifè Church Liitterworth Balance Sheet 31 IAarch 2025 Unrestricted Restricted fund fund Total fd$ Notes FIXED ASSETS Tanglble a5set5 9,169 9,169 CURRENT ASSErs Debtor5 Cash at bank 10 1.243 18,187 1,243 18,187 19,430 19,430 CREDrroRS AMots falllng due wlthln one year 11 12,645) 12.é451 NEf CURRENT Assrf5 16,785 16.785 TOTAL ASSET5 LESS CURREKf LIABiufiES 25,954 25,954 NEf ASSErs 25.954 25,954 FUNDS Unrestrfrted funds 12 25,9Y TOTAL FUNDS 25.954 The flnancial ststements were approved by the Board of Trustees and authortsed for 155ue and were slgned on It5 behalf by: F Kershaw - Chalr . Trustee The te5 fixm part of these financial statements Page 8
Life Church Luttep#orth Notes to the Financial Statements for the Perfod 28 May 2024 to 31 Alarth 2025 CHARITY INFORMATION Llfe Church Lutterworth Is a charitable incotporated organlsation reglstered with the Chatlty Commission for England alld Wales (reglstered Do. 1208399)- The reWstered offlce addrw Is Chapel Street, LtteOrth LE17 4EU. ACCOUNTING POLICIES Basls of preparlng the flnanclal ststernents The flnancial statements of the charfty, whlch 15 a publlc benefit entfty under FRS 102, have been prepared In accordance with the Charfjtles SORP (FR5 1021 'Accounting and Reportlng by Charftles: Statement of Recommended Practlce appllcable to chadtles preparlng thelr account5 In accordance with the Finanaal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective 1 January 2019>.. Flnancial Reportlng Standard 102 The Flnanclal Reportlng standard appllcable In the UK and Republic of IreLand' and the Charftle5 Act 2011. The flnanclal statements have been prepared under the hlstorical cost conventlon. Incomè All Income Is recoBnised in the Statement of Flnanclal Actlvltie5 once the charfty has entitlement to the funds, It Is probable that the income will be rrfelved and thc amount can be measLbred reliably. Expendlture Liab?Iltles are recognlsed a5 expendlture a5 500n as there 15 a legal or construttlve obllgation commlttlng the charhty to that expendlture, It is probable that a traD5fer of econofflic benefits wlll be requlred In settlement and the amount of the obll8atlon can be measured rellably. Expendlture Is accounted for on an accrua15 bas15 and has been classTfied under headlng5 that aggregate all cost related to the category. Where costs cannot be directly attrfbuted to partlcular headlngs they have been allocated to activ1t1 on a basls cons15tent wlth the use of resour. Tanllble flxéd assets Depreclatlon Is prOed at the foll¢)wlnq annual rates In order to wrfte off each asset over Its e5tlmated useful life. Flxtures and flttln45 CL7Puter equlpment 20% on cost 33% on cost Taxatlon The chartty 15 exempt from tax on It5 charltable activbtles. Fund accountlng Unrestricted funds can be used In accordance with the charitsble objectlvps at the dlscretton of the trustees. Rests1cted fwds Cdn only be used for partlcular restrtcted purpose5 wlthln the objects of the charfty. Restrictions arise when specified by the donor or when funds are ralse(I for partlcuiar restricted purp05e5. Further explanation of the nature and purpose of each fund 15 Included in the note5 to the flnandal statements. Page 9 continued...
Llfe Church Lutten¥wth Note5 to the Financlal StatemeDts - contlnued for the Period 28 May 2024 to 31 March 2025 AccouimNG POLICIES- continued Ire purchase and lea51ng commltments Renta15 pald under operatlng leases are char8ed to the Statement of Finandal Actlvitie5 on a stralght line ba515 over the period of the lease. Baslc flnanclal assets Ba51c flnandal assets, whlch Tn(1je5 debtors aThl cash and bank balances are Inltlally measured at transaction price including transaction costs and Subsequently carrled at amortfsed cost Using the effectlve Interest method unle55 the arrangement constltute5 a flnanclng transaction, where the transactlon Is measured at the present value of the future recelpts dlscounted at a market rate of interest. Flnancfal assets classlfled as receivable ¥wthin one year are not amortlsed. Baslc flnanclal Ilabllltles Baslc flnandal Ilabllltle5. InclIng credltors and bank loans are Inltlally reco8nlsed at transactlon prfce unless the arrangement CLW)Stfjtutes a flnandng tran5actlon, where the debt Instnjment 15 measured at the present value of the future recelpts dlscounted at a market rate of interest, Financlal Ilabllltles cLasslfled as payable withln one year are not amortlsed. Cash and cash equlvalents Cash and cash equlvalents Includes cash In hand and cash on deposlt. Golng concem The financial Statements have been prepared on a goln8 concern basls as the trustees belleve that no materfal uncertalntle5 exJ5t. The trustees have consldered the level of funds held and the expected level of Income and expendItU for 11 months from the date of approving these financial statements. The budgeted Income and expendTture Is sufflcient the level of re5erve5, for the tharlty to be able to contlnue as a goln8 concern. DONATIONS AND LEGACIES l)onatlons Glft ald 52,284 57,372 Page 10 continued.
Life Churth Lutterworth Notes to the Flnancial StatemeDts- t¢)ntlnued for the Perlod 28 May 2024 to 31 March 2025 CHARITABLE AcrivrriES cosrs Dlrect Costs {s note 51 Cl¥Jrth mln15try 26.752 DIREcf cS OF CHARrrABLE AcrivrriES Rent Chlldren's work Repalr5 and malntenance Caterlng Mlnlstry expense5 Events Water rntes Heating and Ilqhtlnx Insurance Computer software and costs Telephone and Internet Adyertlslng Ptage and stattonery Sundri Depreclatlon 4,895 430 13,623 496 59 300 155 1,227 506 240 535 235 1,673 1,532 26,752 OThER Support costs 4,666 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the perlod ended 31 March 2025. Page 11 conttnued...
Llfe Church Lutten¥cwth Mrtes to the Flnandal Xitements- continued for the Perfod 28 May 2024 to 31 March 2025 TRUSTEES, REMUNERATION AND BENEFrrs- contlnu•d Tstee5. expenses TnJstee5 expen5e5 of £78 were reln*ursed to trustee. INDEPENDEKf EXAMINERS REMUNERATION The amount pable to the Independent examiner wa5 £2,394 for the Independent examlnatl<m. TANGIBLE FIXED ASSErs Fixtures and fltUng5 Computer equlpment Totsl$ cosr Additlons 10,081 620 10,701 OEPRECIATION Charge for year 1.396 136 1,532 Nrf BOOK VALUE At 31 March 2025 8.685 9,169 10. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR Other debtor5 Prepayments ac(nd Income 830 413 1,243 Page 12 contlnued...
Llfe Churth Lutterworth Notes to the Flnanclal Statements - contlnued for the Perlod 2B Ilay 2024 to 31 March 2025 11. CREDFfofts: AMouKfs FALLING DUE wrrHIN ONE YEAR Trade cred5tors Other creditor5 251 2.394 2,645 12. MOVEAIENT IN FUNDS Net movement In funds Transfers between funds At 31.3.ZS Unrestrlrted funds General fund 19,843 6,111 25,954 R•strlcted funds The Dorothy EvelyTr Stone Will Trust 6,111 {6,111) TOTAL FUNDS 25,954 25,954 Net movement In funds, 1ncluded In the above are as follows: Incomlni Resources resource5 expended Movement In funds UnTe5tr1rt•d funds General fund 47,023 (27,180) 19,843 R•5trfcted funds The Dorothy Evelyn Stone Wlll Trust 10,349 14,2381 6,111 TOTAL FUNDS 57,372 131,4181 25,954 Transfers between funds The transfer from restricted fund5 to unrestricted funds represents a55ets acqulred for gtneral use and not for a restrlcted purpose. Page 13 contlnued...
Notes to the Flnandal Statements- witinued for the Perlod 28 May 2024 to 31 March 2025 13. OThER FINANaAL COMIAITMEi¥rs The fOLlon4 are the total future mlrrimum lease payments under ncm-cancellabte opernting Leases: wfjthln one year Due between one and flve years 6,820 9,785 16.605 14. RELATED PARTY DISCLOSURES Durfng the period donations were recelved from trustees totalllng £11,330. Page 14