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← Christian Life Centre Oxford Trust

2025-04-30-accounts

Christian Life Centre Oxford Trust Year ended 30 April 2025

CHRISTIAN LIFE CENTRE OXFORD TRUST

CHARITY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

Trustees

Rev Grady Reid Philip Abayateye Edwin Kiarie Nelly Musikaila Jirongo (resigned 1st April 2025) Dennis Aduadjoe

Governing Document Charity Registration Number

Declaration of Trust dated 19 December 1998 1074213

Cowley Oxford OX4 2ER EC1Y 8AB

Bankers

Lloyds TSB PLC

Contents Page
Charity Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cashflow Statement 10
Notes to the Accounts 11-16
Detailed Statement of Financial Activities with Comparatives 17

Page 1

Christian Life Centre Oxford Trust

Trustees' Annual Report for the year ended 30 April 2025

The trustees of Christian Life Centre Oxford Trust (CLC Oxford) are pleased to present this Trustees' Annual Report for the period 1 May 2024 to 30 April 2025.

We are grateful to our entire church family, including leaders and ministers, for their ongoing dedication to the Lord's work throughout the financial year. The commitment shown by our ministers, leaders, and members has been essential in helping the ministry reach its goals and fulfill its mission.

Vision Statement of the Church : The church has updated its vision statement to better align with our evolving dedication to the gospel and our deepening faith in Jesus Christ. Our current focus highlights the importance of fostering a holy, growing, and serving community.

The Trust is established to promote the Gospel of Jesus Christ and to support individuals experiencing hardship or distress, both within the United Kingdom and internationally. It also aims to advance education grounded in Christian principles. In formulating objectives and planning activities, the trustees have adhered to the public benefit guidance provided by the Charity Commission. Further details regarding the Trust's objectives can be found in the governing document referenced in the Charity Commission’s entry.

Our impact in 2024–25

We provided weekly Sunday services and Bible studies; monthly prayer and fasting; and an online Sunday prayer meeting. We hosted leadership development gatherings to equip ministers and volunteers, strengthening pastoral support and community cohesion. Visiting ministers offered encouragement and teaching that helped deepen discipleship and service.

Children and young people

Ablaze (Children’s Ministry): Typically 50–60 children attended weekly, supported by 29 volunteers. Parents report improved confidence, scripture knowledge and engagement. We continued to ‑ prioritise safety, inclusion and age appropriate teaching, encouraging children to grow in faith and character.

‑ Future (Youth Ministry): Bi weekly meetings welcomed around 42 young people (c. 80% CLC Oxford, 20% other local churches). Themes included Christian identity and culture, practical faith and relationships. Youth joined regional worship and discipleship events, with many reflecting increased accountability, service and leadership potential.

Community outreach

Street evangelism and local events continued in Oxford and Didcot, including a community BBQ at Blackbird Leys. Christian movie evenings remained open to the public, using the arts to share hope

Page 2

‑ and foster discussion. Our Agape team offered home and hospital visits, maintained a 7 day phone line for prayer and support, and followed up with new guests.

The volunteer service teams which include Ushers, Hospitality, Levitical (facilities), Sound & Lighting, Worship & Music, and Media & Projection, collectively contributed to creating a welcoming and secure environment while maintaining high-quality services. The recent restructuring of the media function into distinct Media and Projection teams has enhanced operational focus, increased resilience, and improved livestream quality, further supported by the acquisition of a new equipment.

Family Matters & Mental Health Matters

We organized public workshops on education and safeguarding to promote positive parental involvement with schools and held an Autism Awareness session that drew around 80 participants. As a result, we implemented practical solutions such as sensory-friendly spaces, opportunities for one-to-one support, and designated quiet rooms to help children self-regulate during services. Additionally, we shared information about local support resources, including Autism Family Support Oxfordshire and OASIS.

Acts Ministry: Baptism & Alpha Course

The Acts team conducted Alpha training, prepared candidates for baptism, and baptized eight individuals in October 2024. Post Alpha course evaluations highlighted areas for improvement in future implementations and follow-up processes, with a focus on supporting new Christians as they engage with faith and community.

Missions

HOPE Project (Uganda): The second year of a three-year Memorandum of Understanding was completed in partnership with a Miracle Primary School. Seventy-six children were provided with sponsorship encompassing education, health, and social support services. Timely disbursement of teacher salaries, enhanced staff morale, and strengthened home-school relationships contributed to improved program outcomes. Families also reported increased optimism and greater involvement in church activities.

Prison Ministry & Angel Tree: Monthly visits to HMP Bullingdon were conducted to provide prayer and pastoral support. The Angel Tree initiative facilitated the delivery of Christmas gifts to children with an incarcerated parent, thereby strengthening family connections and offering reassurance during a sensitive period.

Structure and governance

CLC Oxford is overseen by a board of unpaid trustees, with daily ministry activities carried out by volunteers working in various service teams and ministry areas. The trustees convene regularly to monitor ministry progress, assess risks, oversee safeguarding and finances, and ensure compliance with both organizational rules and relevant regulations.

Page 3

Safeguarding: Everyone working with children, youth, or vulnerable adults completes DBS checks. Policies are consistently reviewed, staff training is updated, and the organization fosters a culture focused on safe recruitment, supervision, and reporting across all teams.

Health, safety, and estates: Fire safety training is provided, and all equipment receives professional maintenance. Annual inspections and certifications, including those for gas safety and CO₂ detection when necessary are kept current. The organization also maintains appropriate insurance coverage.

Risk management

Trustees identify key risks such as safeguarding, financial stability, health and safety, governance and compliance, information security, and reputation. To manage these risks, they implement policies and training, monitor budgets and reserves, limit system access based on roles, report incidents, and conduct regular reviews.

Financial review (summary)

The Trust continues to maintain a robust level of income, supporting ongoing investment in local ministry, children’s and youth programs, community outreach initiatives, and mission partnerships. Core income is generated from tithes, offerings, and Gift Aid, with supplementary rental revenue derived from residential and retail properties. The church fulfilled all financial commitments throughout the year.

Reserves and internal financial controls are established and subject to regular review. The comprehensive Statement of Financial Activities, balance sheet, and explanatory notes are presented within the accompanying financial statements.

During the year income increased by £14,087, to £506,941, and expenditure increased by £43,351, to £476,905. As a result, the surplus for the year decreased by £29,264, to £30,035 and the charity's net assets increased by the same amount, to £1,702,058.

The trustees have adopted a reserves policy based on Unrestricted Net Current Assets. The trustees aim to maintain reserves equivalent to three months of operating expenditure to ensure financial stability and continuity of services. At year end, the charity held Unrestricted Net Current Assets of £356,425, which is in line with the target level.

Key Risks and Uncertainties

The charity is exposed to a range of risks, including operational, financial, and reputational risks. The trustees regularly review the charity’s activities to identify significant risks and assess their potential impact. Where possible, appropriate measures are implemented to mitigate these risks. The principal risks identified are:

Page 4

Plans for the Future

The trustees have set out clear aims and objectives for the coming year to advance the charity’s mission and strengthen its impact. Key priorities include:

Equality, diversity and inclusion

Page 5

CLC Oxford welcomes people of all backgrounds. We aim to remove barriers to participation, provide appropriate adjustments where possible, and continue learning. We encourage feedback from attendees and partners to improve accessibility across ministries and events.

Digital, privacy and communications

Our media and livestream services facilitate participation in worship and teaching for housebound individuals and the broader public. We manage personal information responsibly, adhering to UK GDPR principles by restricting access to authorized ministry personnel and offering transparent choices regarding consent and communication preferences.

Future Initiatives and Strategic Objectives

• Enhance inclusive provision for children and youth through targeted training, sensory-friendly environments, and individualized support.

• Advance leadership development, implement Alpha with improved follow-up processes, and reinforce pastoral visitation efforts.

• Strengthen digital infrastructure and promote volunteer growth in worship, media, and safeguarding activities.

• Maintain and expand mission partnerships, encompassing HOPE Project responsibilities and local compassion initiatives.

• Assess prudent investment strategies for surplus income and consider acquiring a residential church property to further ministry and community engagement.

On behalf of the Christian Life Centre Oxford Trust

This Report has been compiled by the trustees and signed on their behalf by

G Reid MR GRADY N REID

MR GRADY N REID (Jan 20, 2026 10:35:52 GMT)

Date: Jan 20, 2026

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHRISTIAN LIFE CENTRE OXFORD TRUST

('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 30 April 2025 on pages 8 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.

Responsibilities and basis of report

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

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 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 Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

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 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent i ti

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.

Archie McDowall

Archie McDowall (Jan 21, 2026 14:16:41 GMT)

Archie McDowall BA, CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Jan 21, 2026

Page 7

CHRISTIAN LIFE CENTRE OXFORD TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 APRIL 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investment income
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
388,352
102,755
491,107
463,468
463,468
27,638
0
27,638
0
1,661,412
1,689,050		 Restricted
Funds
£
15,835
0
15,835
13,437
13,437
2,398
0
2,398
0
10,611
13,009		 Total
Funds
2025
£
404,186
102,755
506,941
476,905
476,905
30,035
0
30,035
0
1,672,023
1,702,058		 Total
Funds
2024
£
376,007
116,848
492,855
433,554
433,554
59,299
0
0
59,299
0
0
1,612,723
1,672,023

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

Page 8

CHRISTIAN LIFE CENTRE OXFORD TRUST

BALANCE SHEET

AS AT 30 APRIL 2024

Note
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
Total assets less current liabilities
Net assets
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Revaluation reserve
Restricted Funds		 Unrestricted
Funds
£
920,128
446,978
1,367,105
87,872
255,545
343,416
1,689,050
1,689,050
1,689,050
1,472,533
216,517
1,689,050
0
1,689,050		 Restricted
Funds
£
0
0
0
0
13,009
13,009
13,009
13,009
13,009
0
0
0
13,009
13,009		 Total
Funds
2025
£
920,128
446,978
1,367,105
87,872
268,553
356,425
1,702,058
1,702,058
1,702,058
1,472,533
216,517
1,689,050
13,009
1,702,058		 Total
Funds
2024
£
934,707
446,978
1,381,684
51,190
264,710
315,900
1,672,023
1,672,023
1,672,023
1,435,395
226,017
1,661,412
10,611
1,672,023

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

MR GRADY N REID MR GRADY N REID (Jan 20, 2026 10:35:52 GMT) Jan 20, 2026 ______ Date: __ G Reid Charity number: 1074213

The notes on page 11-16 form part of these accounts.

Page 9

CHRISTIAN LIFE CENTRE OXFORD TRUST

FOR THE YEAR ENDED 30 APRIL 2025

CASH FLOW STATEMENT

Note
2025
£
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
a
(94,552)
Cash flows from investing activities:
Dividends, interest and rents from investments
102,755
Purchase of property, plant and equipment
(4,361)
Net cash provided by/(used in) investing activities
98,395
3,843
b
264,710
b
268,553
Analysis of changes in net debt:
At start of
[Any non-cash
year
movements]
Cash-flows
£
£
£
Cash
264,710
3,843
Total net funds / (debt)
264,710
-
3,843
Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2025
£
30,035
Adjustments for:
Depreciation charges and provisions for impairment
18,939
Dividends, interest and rents from investments
(102,755)
(Increase)/decrease in debtors
(36,681)
Increase/(decrease) in creditors
(4,089)
Net cash provided by (used in) operating activities
(94,552)
Note b: Analysis of cash and cash equivalents
2025
£
Cash at bank with immediate access
268,553
Total cash and cash equivalents
268,553
Cash and cash equivalents at the end of the year
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)
Change in cash and equivalents in the reporting period
Cash and equivalents at the beginning of the year		 2024
£
31,605
116,848
(9,261)
107,587
139,192
125,518
264,710
At end of
year
£
268,553
268,553
2024
£
59,299
23,086
(116,848)
67,300
(1,233)
31,605
2024
£
264,710
264,710

Page 10

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

1 Statutory Information

The charity is trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 11

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

d) Fund accounting

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. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 100 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 20 years Vehicles Over 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

i) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations and legacies
Donations of cash and similar
Income tax recoverable
Other income
Investment income
Property letting
Bank interest		 2025
£
318,172
61,369
24,645
404,186
2025
£
101,702
1,053
102,755		 2024
£
303,642
61,340
11,025
376,007
2024
£
116,654
194
116,848

4 Investment income

Page 12

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

5
Charitable expenditure
a
Costs incurred directly on specific activities
Employment and pastoral costs
Building Repairs
Venue Hire
Church activities
Event costs
Utilities
Ministry expenses
Children and youth work
Equipment not capitalised
Mission trips and support
Grants payable (note 5c)
Didcot Branch
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Bank charges
Professional fees
Telephone
Insurance
Other office costs
Depreciation of tangible fixed assets
Total expenditure
c
Grants payable
Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
The charity's principal grants to institutions comprised:
Miracle Primary School, Uganda
OYS India Grant
Healing Jesus Crusade
Grants to institutions for less than £1,000 each		 Institutions
£
25,585
25,585
Institutions
£
33,529
33,529		 111,617
38,251
92,000
26,318
19,541
68,323
11,600
16,754
6,458
6,489
30,585
10305
438,242
3,780
3,780
1,781
1,000
4,874
5,366
2,924
18,939
38,663
476,905
Individuals
£
5,000
5,000
Individuals
£
6,400
6,400
2025
£
23,235
0
1,000
1,350
25,585		 113,722
12,241
94,667
19,198
0
61,709
5,170
22,677
4,831
5,719
39,929
7,101
386,964
3,780
3,780
1,978
1,500
4,803
6,517
4,926
23,086
46,590
433,554
2025
£
30,585
30,585
2024
£
39,929
39,929
2024
£
22,829
10,000
0
700
33,529

Page 13

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

The average monthly number of employees during the year was 3 (2024: 3). Most of the charity's activities are carried out by

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other Employer
Wages & employment pension 2025
salaries benefits contributions £
Trustees:
Grady Reid 52,615 0 0 52,615
following amounts were payable in the previous year:
Other Employer
Wages & employment pension 2024
salaries benefits contributions £
Trustees:
Grady Reid 55,615 0 0 55,615

The following amounts were payable in the previous year:

Pastor Grady Reid served as church leader and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.

7 Tangible fixed assets

Cost or valuation
At 1 May 2024
Additions
At 30 April 2025
Accumulated depreciation
At 1 May 2024
Charge for the year
At 30 April 2025
Net book value
At 30 April 2025
At 30 April 2024		 Freehold
Property
£
950,000
0
950,000
47,500
9,500
57,000
893,000
902,500		 Fixtures,
fittings and
equipment
£
166,674
4,361
171,035
138,068
8,239
146,307
24,728
28,607		 Vehicles
£
4,800
0
4,800
1,200
1,200
2,400
2,400
3,600		 Total
2025
£
1,121,474
4,361
1,125,835
186,768
18,939
205,707
920,128
934,707

Freehold property was valued at £950,000 in 2018 by an independent qualified valuer at open market value assuming vacant possession. The trustees are not aware of any material changes in value since then and the valuation has not been updated.

8 Fixed asset investments

d asset investments
Cost or fair value brought forward
Deposit paid on property
Purchases during the year
Disposals during the year
Change in value of investments
Provision for impairment
Cost or fair value carried forward		 Investment
Property
446,978
0
0
0
0
0
446,978		 2025
£
446,978
0
0
0
0
0
446,978		 2024
£
45,000
0
406,493
0
(4,515)
0
446,978

Page 14

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

9 Debtors

tors
Falling due within one year:
Tax recoverable
Other debtors
Prepayments
Total debtors		 2025
£
54,039
18,499
15,333
87,872		 2024
£
27,046
8,811
15,333
51,190

10 Cash at Bank and in Hand

Cash at bank with immediate access
itors: liabilities falling due within one year
Trade creditors
Accruals		 2025
£
268,553
268,553
2025
£
13,126
8,347
21,473		 2024
£
264,710
264,710
2024
£
13,126
12,436
25,562

11 Creditors: liabilities falling due within one year

12 Funds

During the year the movements in the charity's funds were as follows:

Restricted Funds
HOPE sponsorship
Regal Building fund
Benevolent fund		 Opening
balance
4,345
1,081
5,185
10,611		 Incoming
resources
15,835
0
0
15,835		 Outgoing
resources
(13,437)
0
0
(13,437)		 Transfers
in the year
0
0
0
0		 Closing
balance
6,743
1,081
5,185
13,009

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
funds
£
920,128
446,978
87,872
255,545
(21,473)
1,689,050		 Designated
funds
£
0
0
0
0
0
0		 Restricted
funds
£
0
0
0
13,009
0
13,009		 2025
£
920,128
446,978
87,872
268,553
(21,473)
1,702,058

In the previous year the movements in the charity's funds were as follows:

Restricted Funds
HOPE sponsorship
Regal Building fund
Benevolent fund		 Opening
balance
3,580
1,081
5,185
9,846		 Incoming
resources
12,729
0
0
12,729		 Outgoing
resources
(11,964)
0
0
(11,964)		 Transfers
in the year
0
0
0
0		 Closing
balance
4,345
1,081
5,185
10,611

Page 15

CHRISTIAN LIFE CENTRE OXFORD TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2025

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
934,707
0
446,978
0
51,190
0
254,099
0
(25,562)
0
1,661,412
0
Unrestricted Funds		 Restricted
funds
£
0
0
0
10,611
0
10,611		 2023
£
934,707
446,978
51,190
264,710
(25,562)
1,672,023

13 Transactions with related parties

During the year, the charity made payments totalling £1,000 (2024: £1,500) to Edwin Kiarie, who is a trustee, for providing accountancy services to the charity. During the year, Cynthia Reid, who is closely related to Grady Reid, a trustee, received employment benefits totalling £17,988 (2024: £17,852) for providing her services as a pastor to the charity.

Page 16

CHRISTIAN LIFE CENTRE OXFORD TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 APRIL 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other income
Total income and endowments
Total Expenditure
Net income/(expenditure)
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
2025
£
388,352
0
491,107
463,468
27,638
27,638
0
27,638
1,661,412
1,689,049
Unrestricted funds		 Restricted
2025
£
15,835
0
15,835
13,437
2,398
2,398
0
2,398
10,611
13,009		 Total
2025
£
404,186
0
506,941
476,905
30,035
30,035
0
30,035
1,672,023
1,702,058		 General
Restricted
2024
2024
£
£
363,278
12,729
0
0
480,126
12,729
421,590
11,964
58,534
765
58,534
765
0
58,534
765
1,602,877
9,846
1,661,412
10,611
Unrestricted funds		 Total
2024
£
376,007
0
492,855
433,554
59,299
59,299
0
59,299
1,612,723
1,672,023

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