## **Life Church** **Trustee’s Annual Report, and Unaudited Financial Statements** **For the financial period ending 30[th] September 2024** **Scottish Registered Charity SC010956** Peter Hall Finance & Accounting Solutions _Certified Public Accountant UK 10227712A_ 1 ## **Life Church** ## **CONTENTS** |Trustees Report|3-7| |---|---| |Independent Examiner’s report|8| |Financial Statements|9-11| |Notes to Financial Statements|12-19| 2 ## **Life Church** ## **TRUSTEES ANNUAL REPORT** ## **For the Financial Year Ending 30[th] September 2024** The trustees present their annual report and financial statements of the charity for the year ended 30[th] September 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities issued in March 2015. ## **Reference and administrative information** **Charity Trustee:** **Registered Charity Name:** Life Church **Registered Charity Number:** SC010956 **Constitutional Form:** Unincorporated Association **Principal Address:** 6-8 High Street, Paisley, Renfrewshire PA1 2YA **Bankers:** Bank of Scotland, Bridgewater Shopping Centre, Erskine PA8 7AA, and CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill West Malling, Kent, ME19 4JQ **Independent Examiner:** Peter Hall Finance & Accounting Solutions of Tillicoultry, Clackmannanshire FK13 6DR ## **Structure, Governance and Management** **Affiliations and connections:** Life Church is part of the Assemblies of God in Great Britain, and is also a member of Churches Together Renfrewshire, the local expression of the “Evangelical Alliance”. https://www.churchestogetherrenfrewshire.org **Governing document:** The Charity is controlled by its Governing Document, a deed of trust, and constitutes an unincorporated charity. The trust was set up by the and was incorporated as a Scottish Registered Charity on the 11[th] March 1988. The trust is administered in accordance with the trust deed. On the 13[th] May 2010, the trust received permission from the “Office of the Scottish Charity Regulator” (OSCR) to change its name to “Life Church”, and to update its trust deed in line with the model “Assemblies of God” deed currently recommended. This change was ratified at the Annual General Meeting on 27[th] October 2010. 3 ## **Life Church** **Recruitment and appointment of new trustees:** Appointment and removal of trustees is carried out in accordance with the decisions of the Assembly Council of “Life Church”. The Assembly Council comprises of the leaders of the Assembly whose names are recorded in the Assembly Records. Trustees must first be members of the Assembly to be eligible for appointment as trustees. **Induction and training of new trustees:** Induction and training of new trustees is carried out by existing trustees as necessary to enable new trustees to effectively perform their duties. **Organisational structure:** The main office bearers of the charity are the Chairman, Secretary and Treasurer who are members of the Assembly Council. The Senior Pastor is usually the Chairman and is responsible for ensuring that the daily activities of the charity are in accordance with the charity objectives, with salaried staff and unpaid volunteers reporting to him. **Risk Management:** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. It is considered by the Trustees that there is no foreseeable risk where “Life Church” is exposed. The Trustees meet on a monthly basis and constantly review any principal risks and uncertainties. The charities financial system is adequate to ensure appropriate supervision. Non-financial risks such as health & safety and volunteer management are also reviewed monthly. ## **Objectives and activities** ## **As set out in the constitution;** The advancement of the Christian faith in accordance with the statement of faith of the Assemblies of God, as approved by the General Council of the Assemblies of God. This is carried out in various parts of the United Kingdom and internationally, as deemed appropriate by the Assembly Council. The relief of sickness and financial hardship, along with the promotion and preservation of good health. This is achieved through the provision of funds, goods, or services, including counselling and support, in regions as determined by the Assembly Council. Additionally, the advancement of education is supported in similar ways and regions as considered appropriate. The pursuit of other charitable purposes that further the attainment of the above objectives or any of them. During the year, the Charity carried out the following significant activities in pursuit of its objectives: - The provision of weekly worship services, offering spiritual guidance and fellowship to the congregation. - Sunday school programmes aimed at nurturing the Christian faith among children and young people. - Home groups to promote deeper study of the Christian faith and foster community support. - Pastoral services to provide spiritual care and practical assistance to those in need. 4 **Life Church** - Local outreaches to engage with the wider community and support vulnerable individuals. - Youth work initiatives to encourage and mentor young people in their faith journey. - The support of missionary work, both locally and overseas, to advance the Christian faith and provide humanitarian aid. - The provision of community facilities to local groups, promoting social inclusion and community development. These activities align with the Charity’s commitment to advancing the Christian faith, supporting those in need, and fostering a sense of community within the local area and beyond. **Volunteers:** Many of the charity’s activities are carried out by unpaid volunteers. The Trustees would like to thank all volunteers for their invaluable contribution to the life of the charity. The Trustees acknowledge that service to the public benefit would not be possible without these volunteers. ## **Achievements and performance** The Church sold the premises at 35 Moss Road, Paisley and purchased 6-8 High Street, Paisley which is a multi-storey building in the Town Centre. **Fundraising activities:** The charity engages in fundraising for specific charitable projects as they arise. **Internal and external facilities:** There are no other internal or external factors affecting the performance of the charity. ## **Financial Review** ## **General review:** The Church has continued its financial stewardship with diligence during the financial year. The total incoming resources for the year amounted to £141,826 (2023: £246,261). Reduction is primarily due to the completion of certain restricted-funded projects in the previous period. The Church’s primary source of income was through donations and offerings, with unrestricted funds totalling £104,580 and restricted funds totalling £30,086. Additional income was generated through gift aid claims (£2,717) and other fundraising activities (£4,443). The total expenditure for the year amounted to £163,316 (2023: £191,170), with unrestricted funds accounting for £96,023 and restricted funds £67,293. The Church reported a deficit of £21,490 for the year (2023: surplus £55,091). This is largely attributed to the utilisation of restricted funds for the new building. 5 ## **Life Church** The Trustees are satisfied that the Church remains in a sound financial position. The continued support from the congregation and careful management of resources will enable the Church to fulfil its charitable purposes in the coming year. **The financial effect of significant events:** The property at 6-8 High Street, Paisley was purchased on the 1[st] February 2023 for £350,200 including VAT. The vendor was RAAC Developments Perth Ltd of Glasgow. The property was valued at £285,000. The remainder of the purchase being £65,200 has been allocated to Goodwill. In the prior financial year, a long term loan from Kingdom Bank was drawn for £228,000 with the remainder of purchase coming from cash reserves which is largely made up of the sale of 35 Moss Road. Paisley. See “Funds in Deficit”. **Investment policy & objectives set:** Objectives for the next financial year are to continue to grow the charity by continuing to engage with volunteers, the community by community events and maintenance of the charity’s assets. Also to relocate all operations to the new venue. The charity invests funds that are excess of short term operational requirements in order to obtain a satisfactory and safe return. **Charities Policy on Reserves:** The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At the 30[th] September 2024, the charity held £154,623 in cash which includes cash proceeds of the building previous owned by the charity. However, the Reserves policy of the charity is that that cash reserves to be held that would cover the value of three months’ worth of running expenses of the charity. The reserves policy is reviewed by the Trustees on a regular basis throughout the year. **Restricted funds:** Restricted funds normally relate to short term projects where income is restricted, received and expended within the financial year. Most restricted funds are allocated for building renovations. **Funds in deficit:** The long term loan was to partly finance the purchase of the new building at 6-8 High Street, Paisley. The balance of the loan at the end of the financial year after repayments and interest charged was £225,523. **Principle funding sources:** The principle funding source of income is from the offerings of the members of “Life Church”. **Going Concern:** As at the date of approval of this report, and the financial accounts, the Directors have assessed, in compliance with paragraph 25 of IAS 1 (International accounting Standards), that the accounts of “Life Church” has been prepared on a “Going Concern” basis. The Trustees have no intention of liquidating the charity’s assets or to cease operating. **Statement of disclosure of the Independent Examination:** In so far as the Trustees are aware at the time of approving our Trustee’s annual report, there is no relevant information, being information needed by the Independent Examiner in connection with preparing their report, of which the Independent Examiner is unaware. 6 IAfe Church Future Plans Tl)e cl)2rit5' plans to coIitiniie to develop its actii'ities itl 2ccoid211ce ￿P￿di Lts objectives. Tlie Chi￿Ch is planlling to iellofate the Liew buildi1￿ at 6-8 High StseeL paisle! ill stages. tlie fitsr srage bcii]g ich￿b]ShI1￿ tlic ¥oiuid flooi as a placc of woislup. lil di¢ iIitcill]I, dic cli1￿(1] Is ciuieiid! i¢Jitiiig at10th￿ pren]ises in Paisley. Despite the change of piemises, the Cliiwch coiitinues to fLuictioLI Witii its s1gufic￿it actiritics. Factors likely to affect financial perform211ce or position going forward: Tlie most SI￿1i￿c￿lit f2CtOLS -ill b¢ tlic cost of ieiiovatioIis. c1￿1cLItIj-, tlic cliiiicli Is alK-￿tIll8 siguticaiit friiidiiig appiorals to ci]ablc die commellcemeiit of majoi ieLiovatioii ￿70[k$ on tlie Liglitiioiise piopeitv. Iti the inteiim, theie is a plall to tnake tlic glolu￿ flooi iiscablc a5 a placc of Nv0151up. Tlic TtTiStecs bckn.cve tl]at tlus icport LS a fajt, balanced ￿]d luide15t￿IdAble [c￿eW of the clwiws st￿(tt￿e, legal P￿POses. objectives and activities. fil￿nCIal peif0nn&￿ce & fit￿￿cIal position. Appioved by order of tlie boaid of t￿steeS, and signed on its beludf bF. Ttustee Date: l@ March 2025 IAfe Church Independent Examiner)s Report For the Fin2nci21 Period ended on 30 September 2024 I ECPOLt oil thc accoiuits ol tlie cliallty Eoi die }'cat eiidcd 30 Septcmbci 2022 wluch atc set oiit on pages 8tol8. es ective res onsibilities of Tnistees and Aiiditor Tlie ch￿1￿8 ttustees respoiisible foi the plep￿atiOLl ol the accoiu]ts in accordance with the terms of die ChaLities and Tiusree InvegtmeLlt (Scodand) 21K)5 Act alld the CliaLities Accounts (Scodand) Rcgdatioiis 2(K)6. Tlic cl]aiJti" tn15tccs coiisjdci tiiat tlic aiidit i¢qiu[c￿e[1t ot Rcgdatioii 10(1) (a) to (c) of tlie Accoiu]ts Regdations does iiot applv. It is mi. iesponsibilitr to examine tlie accoillits is requited undei sectioll 44(1) (c) of tile Aci ￿ld 10 stste ii-liethei PartiCid￿ matteis I￿ve come to mr attention. ly eEamiLi*tion is carried oiit in accoidallce ivith Regdation I l of the Charities Accoillits (Scodand) Re￿￿￿￿O11s 2006. ALI eiatniiiAtioii llicliides A rel.1￿V of die ACCOIIILtiiig records Lept bi. tlie cl)aLitt' aiid a COMP￿lSOn of tlie accoiuits piesented Nvitli tliose iecoids. It also iiicliides consideiation of an! iuiiisi]al items 01 disdosuLes ILI tile accounts and geeLs explanatioLiS from the tnistees coiiceming *￿V siich matters. Tlie procediiies l￿deLtAke1] do iiot PLOI'ide all tlie eirydeiice tI￿t ii'ould be ieqilkied lli a11 2udit aiLd, coiiseqiiciitlv, I do iiot cTpiess aiidit oplluoii on tlie accoiu]ts. Inde endent Examinevs statement Iii die co1￿5£ ol tnT cxan]uiatioLI, iio niattei lias con]c to my attciitioii I. iVl]ich gives me reasollable cause to beliere that in ans ma￿1￿1 respect the iequiiements.. to Leep accolu1tii￿ iecoids iii accoidAiice wid) sectioIi 44(1) (2) of the 2005 Act and Reyllatioll 4 of tlic 2006 Accoiuits RcwdatioLlS, aiid to picpaic accoiiiits NITI]Jcli accoId iiutli tlic accoiiiitiiig Iccoids ￿]d cO￿PIY Nsudi Rcgllatioii 8 of the 2006 AccouLits Re￿￿￿tiOnS Hai'e iiot beeLi met, or to 4&-1]ich. in m! opinion, atteiitioii shoidd be dtaThi] iii oidei to enable a piopei illideistaLiding of the accoi]Lits to be Keacbed. Date: 20 March 2025 Felhu, Certfi /edPHbhcAc(oRnlant LfK 102277124 Perei Hall Finance & AccOl￿tIllg Solurions Tillicoilltt}', C]2cLm￿ll1￿lslIile. FK13 6DR ## **Life Church** ## **Life Church** ## **Statement of Financial Activities** ## **For the year ended 30[th] September 2024** ||**Unrestricted**|**Restricted**|**Total**|**Prior**|**Notes**| |---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**period**|| ||||**2024**|**total**|| |||||**funds**|| |||||**2023**|| ||£|£|£|£|| |**INCOMING RESOURCES**|||||| |**Incoming resources from generated funds**|||||| |Voluntary income|104,580|
30,086|134,666|189,994|2| |Activities for generating funds||||39,398|3| |Investment income|2,717||2,717|2,021|4| |Other incoming resources|4,443||4,443|14,848|| |**Total incoming resources**|**111,740**|**30,086**|**141,826**|**246,261**|| |**RESOURCES EXPENDED**|||||| |**Charitable activities**|||||| |Building running costs|1,650||1,650|7,518|| |Catering department|121||121|1,996|| |Depreciation|1,078||1,078|1,438|| |Interest paid|21,091||21,091|13,236|| |Local events & outreach|5,114||5,114|5,742|| |Loss on sale of assets||||13,036|| |Ministry costs|6,162|67,293|73,455|24,976|| |Office costs|14,548||14,548|32,553|| |Overseas mission support|9,465||9,465|12,235|| |Pensions|2,118||2,118|4,263|| |Rent|6,533||6,533|27,013|| |Social Security|174||174|692|| |Sundries|85||85|1,624|| |Training|675||675|271|| |Wages|1,171||1,171|1,565|| |**Governance costs**|4,297||4,297|17,595|5| |**Other resources expended**|21,671||21,671|25,417|| ||______|_____|_____|_____|| |**Total resources expended**|**96,023**|**67,293**|**163,316**|**191,170**|| ||**______**|**_____**|**_____**|**_____**|| |**NET INCOMING RESOURCES**|||||| |**BEFORE TRANSFERS**|**15,717**|
**(37,207)**|**(21,490)**|**55,091**|| _These notes form part of the financial statements_ 9 ## **Life Church** |**Gross transfers between funds**
**New incoming/(outgoing) resources**
**RECONCILIATION OF FUNDS**
**Total funds bought forward**
**TOTAL FUNDS CARRIED FORWARD**
|1,197
_____
16,914
219,337
**236,251**
**=====**
|(1,197)
______
(38,404)
89,400
**50,997**
**=====**|______
(21,490)
308,737
**287,248**
**=====**|12
______
55,091
253,645
**308,737**
**=====**| |---|---|---|---|---| ## **CONTINUING OPERATIONS** All incoming resources and resources expended arise from continuing activities 10 IAfe Church BALANCE SHEET AT 30" September 2024 2024 2023 NON CURRENT ASSETS Tatigible assets Goodivill on Biiilding 288,237 59,981 289,314 65,590 348,218 351,904 CURRENT ASSETS Dcbtois 10,695 154,623 12,532 171,940 Cash 165,318 184,472 CREDITORS Amoiu]ts falling di￿ witl]in one Ve (765) (SCO) io NET CURRENT ASSETS 164,553 183,972 TOTAL ASSETS IESS CURRENf IIABILITIES 512,771 253,645 535,876 Anioiuits fath'ng diic aftcI oiic Yvdt (225,523) (227.139) NET ASSETS 287,248 308,737 FUNDS Untestiicted 236,251 219,337 30,997 89,400 287,248 308,737 12 Restiictcd TOTAL FUNDS Tliese nolesf017pipait of ihefinancial staleiiients Tlie Fu￿n(l￿ statements Treie appioved b! the Boatd of Trnstees on 16 Match 2025 And ￿￿e siglled on its bel￿f by, Ttustee N21 li **Life Church** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30[th] SEPTEMBER 2024** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the Year. ## **Accounting convention** The financial statements have been prepared under the historical cost convention, the charities and Trustee investment (Scotland) Act 2005 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by charities. ## **Financial reporting standard number 1** Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity. ## **Incoming resources** All incoming resources are included under Statement of Financial Activities when the charity is legally entitled to the income and the amount quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. The following specific policies are applied to particular categories of income. Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when receivable. Investment income is included when receivable. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure comprises those costs directly incurred by the charity in delivery of its activities and services for its beneficiaries. Governance costs include those costs associated with meeting the constitutional in statutory requirements of the charity. Other resources expended comprise support costs for central functions that you might be allocated directly to the individual charitable activities. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & fittings: 25% Tenant’s improvements: Straight line over 7 years Fixtures and fittings are capitalised at cost subject to a £500 de minimus. 12 ## **Life Church** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] SEPTEMBER 2022** ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes, within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other time and benefits** The charity operates the defined contribution pension scheme. Contributions payable to the Charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. VOLUNTARY INCOME** Voluntary income mainly comprises income received by the Assembly from weekly offerings Income for restricted funds generally arises through donations being received for specific projects. |Offerings
Grants
Tax recovered on Gift Aid|Unrestricted
Restricted 2024
2023
£
£
£
£
85,254
30,086 115,340
173,987
19,326
19.326
16,007| |---|---| ||104,580
30,086 134,666
189,994| ## **3. ACTIVITIES FOR GENERATING FUNDS** ||£|£| |---|---|---| |Letting income||39,398| |**4. INVESTMENT INCOME**||| ||£|£| |Deposit account interest|2,717|2,021| 13 ## **Life Church** ## **5. FINANCE & GOVERNANCE COSTS** |**5. FINANCE & GOVERNANCE COSTS**|| |---|---| |Accountancy
Amortisation of Goodwill
Interest paid
Leadership Team
Legal|2024
2023
£
£
924
915
2,608
2,608
21,091
13,236
765
14,072| ||25,388
30,831| Scrutiny costs payable to the independent Examiner on 30th September 2024 amounted to £500 (£500 in 2023). ## **6. TRUSTEE'S REMUNERATION AND BENEFITS** The following trustees received a salary from the charity: |**6. TRUSTEE'S REMUNERATION AND BENEFITS**
The following trustees received a salary from the charity:||| |---|---|---| ||2024|2023| ||£|£| |Pastors/Trustees|21,671|25,417| |The following trustees benefited from pension costs paid by the charity:||| |Pastors/Trustees|2,188|4,263| ## **Trustee expenses** During the year ended 30th September 2024, total amount trustees were re-imbursed for travel expenses and business calls was £nil. (£755.57 in 2023) ## **7. STAFF COSTS** |**7. STAFF COSTS**|| |---|---| |Wages & Salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities|2024
2023
£
£
22,842
26,982
174
692
2,188
4,263| ||25,204
31,937| ||
2024
2023
2
2| 14 ## **Life Church** No employees received emoluments in excess of £60,000 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] SEPTEMBER 2024** ## **8. TANGIBLE FIXED ASSETS** |**COST**
At 1 October 2023
Additions (new building)
Less: Assets disposed in the year
At 30 September 2024
**DEPRECIATION**
At 1 October 2023
Fixtures & Fittings
Charge for the year
Less: disposed in the year
At 30 September 2024
**NET BOOK VALUE**
At 30 September 2024
At 30 September 2023
**9. DEBTORS**
Gift Aid
**10. CREDITORS**
Other creditors|Fixtures and fittings
£
290,750
______
290,750
1,435
1,078
______
2,513
288,237
=====
289,314
=====
2024
2023
£
£
10,695
-| |---|---| ||10,395
-| ||£
£
765
500| 15 ## **Life Church** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] SEPTEMBER 2024** ## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Fixed assets
Current assets
Current liabilities
Non-current liabilities|2024
2023
Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
£
£
312,568
35,650
348,218
351,904
149,973
15,347
165,320
184,473
(765)
(765)
(500)
(225,523)
(225,523) (227,139)| |---|---| ||236,251
50,997
287,248
308,737| ## **12. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
Building fund
Buy-a-pane
Restricted Fund
Street Connect
**TOTAL FUNDS**|At 1/10/23
Net
movement
in funds
Transfers
between
funds
Gains
Losses
At
1/10/23
£
£
£
£
219,339
15,717
1,197
236,253
80,893
(36,281)
44,612
5,734
500
6,234
2,522
(1,926)
(447)
149
250
500
(750)| |---|---| ||89,399
(37,207)
(1,197)
50,995| ||308,738
(21,490)
-
287,248| 16 ## **Life Church** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] SEPTEMBER 2024** Net movement in funds, included in the above are as follows; |**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
Buy-a-pane
Restricted Fund
Street Connect
**TOTAL FUNDS**|Incoming
resources
Resources
expended
Movement
in funds
£
£
£
108,500
(94,027)
14,473
31,012
(67,293)
(36,281)
500
500
1,314
(3,240)
(1,926)
500
500| |---|---| ||33,326
(70,533)
(37,207)| ||141,826
(164,560)
(22,734)| ## **Restricted funds** Restricted funds are funds designated for specific purposes as follows; The Building fund relates to funds for the capital purchase of a building. ## **13. PENSION COMMITMENTS** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the "Statement of Financial Activities" in the period to which they Relate. At 30th September 2024, there was nil owed to the pension scheme. (2023 Nil). 17 **Life Church** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[th] SEPTEMBER 2024** |**INCOMING RESOURCES**
**Voluntary Income**
General Offerings
Donations
Gift Aid
**Activities for generating funds**
Letting income
**Investment income**
Deposit account interest
**Other incoming resources**
Sundry receipts
**RESOURCES EXPENDED**
**Charitable activities**
Building running costs
Catering department
Depreciation
Local events & outreach
Ministry costs
Office costs
Overseas mission support
Pensions
Rent
Social security
Sundries
Training
Wages|**2024**
**2023**
**£**
**£**
62,222
134,936
53,118
39,051
19,326
16,007| |---|---| ||134,666
189,994
39,398
2,717
2,021
4,443
14,848| ||141,826
246,261
1,650
7,518
121
1,996
1,078
1,438
5,114
5,742
73,455
24,976
14,548
32,553
9,465
12,235
2,118
4,263
6,533
27,013
174
692
85
1,624
675
271
1,171
1,565| ||116,257
121,886| _This page does not form part of the statutory accounts financial statements_ 18 ## **Life Church** |**Governance costs**
Accountancy
Amortisation of Goodwill
Leadership Team
Legal
**Finance Costs**
Interest paid
**Other resources expended**
Trustee's salaries
Loss on sale of Asset
**Total resources expended**
**Net Income**|924
915
2,608
2,608
765
14,072| |---|---| ||4,297
17,595
21,091
13,236
21,671
25,417
13,036| ||21,671
38,543| ||163,316
191,170| ||(21,490)
55,091| _This page does not form part of the statutory accounts financial statements_ 19