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COMPANY REGISTRATION NUMBER: 08407295
CHARITY REGISTRATION NUMBER: 1152260
Life Church Hook
Company Limited by Guarantee
Unaudited Financial Statements
31 May 2024
Life Church Hook
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Life Church Hook
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 May 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2024 .
Reference and administrative details
Registered charity name
Life Church Hook
Charity registration number
1152260
Company registration number
08407295
Principal office and registered
Life Church Centre
office
Elms Road
Hook
Hampshire
RG27 9DX
The trustees
David Hill
Thomas Colebrooke
Peter MacPherson
Independent examiner
Jones & Graham Accountants Ltd
45 Vale Street
DENBIGH
Denbighshire
LL16 3AH
Structure, governance and management
The church is served by trustees who are responsible for the administration of financial affairs and material assets and governance of the charity, and by elders who are responsible for the teaching, pastoral care and other activities of the church. The trustees and elders work closely together in pursuing the objects of the charity. Day to day decisions on expenditure and departmental matters are taken by the staff and volunteers who have been given responsibility of these areas under the direction and oversight of the elders and trustees. In December 2023 Ben Martin resigned as church pastor and left our employment. There is currently no full-time leader.
The church is a part of the Commission network, which itself belongs to Newfrontiers International Network of churches, and is also a member of The Evangelical Alliance.
Objectives and activities
The charity's objects are to advance the Christian faith and relieve poverty. The policies adopted in furtherance of these objects are to preach and proclaim the Christian gospel and the teaching of Christian doctrines and principles and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Life Church Hook continues to operate as a charitable limited company. We have continued to strengthen existing activities and develop new opportunities to communicate the Christian faith and serve our local community.
The key activities of the church during the year were as follows:
- regular Sunday meetings for Christian worship and teaching take place at the Elizabeth Hall and livestreaming via Facebook and Zoom for those unable to attend in person - small group meetings for Christian worship, prayer, teaching and discussion in people's homes and the Life Church Centre - a free confidential debt advice service called 'Junction 5 Money Advice' offering help with budgeting, creditor negotiation, understanding benefits entitlements and court proceedings - a foodbank providing free emergency food parcels to families and individuals in the local area identified through our own activities or referred from other organisations and professionals continued throughout and after the pandemic - a parent and toddler group, Little Life, meeting at the Life Church Centre weekly on a Friday morning - our youth activities run on Sunday mornings and mid-week at the Life Church Centre and external venues
Our church attendance levels have remained fairly level throughout the year. Our costs have remained in line with the annual budget which includes some increases for inflation.
Financial review
The financial transactions of the charity during the period and the financial position at the end of the period are summarised in the attached accounts. The trustees consider the financial position to be satisfactory.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees' annual report and the strategic report were approved on 23 February 2025 and signed on behalf of the board of trustees by:
David Hill
Trustee
Life Church Hook
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Life Church Hook
Year ended 31 May 2024
I report to the trustees on my examination of the financial statements of Life Church Hook ('the charity') for the year ended 31 May 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jones & Graham Accountants Ltd Independent Examiner
45 Vale Street DENBIGH Denbighshire LL16 3AH
23 February 2025
Life Church Hook
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 May 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
89,580
2,800
92,380
107,703
Other trading activities
6
3,356
3,356
3,117
Investment income
7
236
11
246
134
Other income
8
1,171
401
1,572
899
--------
-------
--------
---------
Total income
94,343
3,212
97,554
111,853
--------
-------
--------
---------
Expenditure
Expenditure on charitable activities
9,10
84,088
6,076
90,162
90,838
Other expenditure
12
19,201
19,201
13,804
---------
-------
---------
---------
Total expenditure
103,289
6,076
109,363
104,642
---------
-------
---------
---------
---------
-------
---------
---------
Net (expenditure)/income and net movement in funds
( 8,946)
( 2,864)
( 11,809)
7,211
---------
-------
---------
---------
Reconciliation of funds
Total funds brought forward
266,515
448,274
714,789
707,578
---------
---------
---------
---------
Total funds carried forward
257,569
445,410
702,979
714,789
---------
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Life Church Hook
Company Limited by Guarantee
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
17
935,172
937,184
Current assets
Debtors
18
5,776
10,016
Cash at bank and in hand
11,083
26,042
--------
--------
16,859
36,058
Creditors: amounts falling due within one year
19
17,983
16,561
--------
--------
Net current liabilities
( 1,124)
19,497
---------
---------
Total assets less current liabilities
934,048
956,681
Creditors: amounts falling due after more than one year
20
231,068
241,892
---------
---------
Net assets
702,980
714,789
---------
---------
Funds of the charity
Restricted funds
445,215
448,384
Unrestricted funds
257,764
266,405
---------
---------
Total charity funds
22
702,979
714,789
---------
---------
For the year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 23 February 2025 , and are signed on behalf of the board by:
David Hill
Thomas Colebrooke
Trustee
Trustee
Life Church Hook
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Life Church Centre, Elms Road, Hook, Hampshire, RG27 9DX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The charity is a company limited by guarantee formed on 18 February 2013.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
David Hill
Thomas Colebrooke
Peter MacPherson
New trustees are appointed from fellow Christians who are members of the church, by recommendation and invitation as appropriate. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations and gifts
89,580
2,800
92,380
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations and gifts
102,403
5,300
107,703
---------
-------
---------
6. Other trading activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Letting and licensing arrangements
3,356
3,356
3,117
3,117
-------
-------
-------
-------
7. Investment income
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Other interest receivable
236
11
246
----
----
----
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Other interest receivable
127
8
134
----
----
----
8. Other income
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Income from other activities
1,171
401
1,572
Youth activities income
-------
----
-------
1,171
401
1,572
-------
----
-------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Income from other activities
223
223
Youth activities income
676
676
----
----
----
223
676
899
----
----
----
9. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Church Activities
54,255
5,277
59,531
Support costs
29,833
799
30,631
--------
-------
--------
84,088
6,076
90,162
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Church Activities
57,604
5,288
62,892
Support costs
27,361
586
27,946
--------
-------
--------
84,965
5,874
90,838
--------
-------
--------
10. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
£
Church Activities
50,576
8,955
29,658
89,189
90,118
Governance costs
973
973
720
--------
-------
--------
--------
--------
50,576
8,955
30,631
90,162
90,838
--------
-------
--------
--------
--------
11. Analysis of support costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
Governance costs
960
960
Depreciation
2,262
2,262
Premises and insurance
18,594
18,594
Administration expenses
7,362
7,362
--------
--------
----
29,178
29,178
--------
--------
----
12. Other expenditure
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Financing costs
19,201
19,201
13,804
13,804
--------
--------
--------
--------
13. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
2,262
3,153
Fees payable for the audit of the financial statements
960
707
-------
-------
14. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
960
708
----
----
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
42,134
40,827
Employer contributions to pension plans
1,862
3,192
--------
--------
43,996
44,019
--------
--------
The average head count of employees during the year was 3 (2023: 3 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Church activities
2
2
Administration
1
1
----
----
3
3
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or reimbursement of expenses during the period.
17. Tangible fixed assets
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 June 2023
928,387
29,761
958,148
Additions
250
250
---------
--------
---------
At 31 May 2024
928,387
30,011
958,398
---------
--------
---------
Depreciation
At 1 June 2023
20,964
20,964
Charge for the year
2,262
2,262
---------
--------
---------
At 31 May 2024
23,226
23,226
---------
--------
---------
Carrying amount
At 31 May 2024
928,387
6,785
935,172
---------
--------
---------
At 31 May 2023
928,387
8,797
937,184
---------
--------
---------
18. Debtors
2024
2023
£
£
Prepayments and accrued income
2,214
Other debtors
5,776
7,802
-------
--------
5,776
10,016
-------
--------
19. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,516
14,353
Accruals and deferred income
4,467
2,208
--------
--------
17,983
16,561
--------
--------
20. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
231,068
241,892
---------
---------
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 1,862 (2023: £ 3,192 ).
22. Analysis of charitable funds
Unrestricted funds
At 1 June 2023
Income
Expenditure
Transfers
At 31 May 2024
£
£
£
£
£
General funds
266,515
94,343
(103,289)
195
257,764
---------
--------
---------
----
---------
At 1 June 2022
Income
Expenditure
Transfers
At 31 May 2023
£
£
£
£
£
General funds
259,304
105,870
(98,769)
266,405
---------
---------
--------
----
---------
Restricted funds
At 1 June 2023
Income
Expenditure
Transfers
At 31 May 2024
£
£
£
£
£
Building Fund
441,723
441,723
J5 Fund
6,262
2,811
(6,076)
2,997
Little Seeds Fund
289
401
(195)
495
---------
-------
-------
----
---------
448,274
3,212
(6,076)
(195)
445,215
---------
-------
-------
----
---------
At 1 June 2022
Income
Expenditure
Transfers
At 31 May 2023
£
£
£
£
£
Building Fund
441,723
441,723
J5 Fund
6,262
5,208
(5,273)
6,197
Little Seeds Fund
289
776
(601)
464
---------
-------
-------
----
---------
448,274
5,984
(5,874)
448,384
---------
-------
-------
----
---------
23. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
493,152
442,020
935,172
Current assets
(4,227)
6,609
2,382
Creditors greater than 1 year
(231,068)
(231,068)
---------
---------
---------
Net assets
257,857
448,629
706,486
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
495,164
442,020
937,184
Current assets
14,845
6,364
21,209
Creditors greater than 1 year
(243,604)
(243,604)
---------
---------
---------
Net assets
266,405
448,384
714,789
---------
---------
---------
24. Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.