LIBERTY CHRISTIAN MINISTRIES
FINANCIAL STATEMENTS
30 November 2020
Charity Number 1083834
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LIBERTY CHRISTIAN MINISTRIES
FINANCIAL STATEMENTS
Year Ended 30 November 2020
| CONTENTS | Page |
|---|---|
| Trustee annual report | 3 - 6 |
| Statement of financial activities | 7 |
| Income & expenditure account | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 10 |
| Detailed statement of financial activities | 11 |
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LIBERTY CHRISTIAN MINISTRIES
Trustees Annual Reports
Year Ended 30 November 2020
The trustees present their report and the unaudited financial statements of the company for the year ended 30 November 2020.
Reference and Administrative details
Registered Charity Name Liberty Christian Ministries
Charity Registration Number 1083834 Principal Office 1a Norbury Crescent, London, SW16 4JS
The Trustees:
The trustees who served the company during the period were as follows:
Rev Sandra Kerr CBE
Rev Ann-Marie Lawrence
Rev Joseph Campbell
Accountants:
Structure, Governance and Management
Overview
Liberty Christian Ministries was established to serve its local community and support vulnerable people from disadvantaged backgrounds and alleviate poverty.
Liberty Christian Ministries relies on regular voluntary donations from members of Liberty Church who believe in giving of their increase and earnings to the poor and conducting charitable acts of kindness.
The cost of the lease for the venue which Liberty Christian Ministry hosts its Sunday services and weekly training and activities are met by the regular voluntary donations from the local congregation .
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LIBERTY CHRISTIAN MINISTRIES TRUSTEES REPORT
December 2019 – November 2020
Overview
This has been an extremely challenging year for Liberty Christian Ministries with the devastation of the COVID-19 pandemic. Liberty Christian Ministries has continued to serve its charitable purpose to support vulnerable people from local communities and from disadvantaged backgrounds. We have continued to rely on voluntary donations from the Liberty Church members to enable the organisation to fulfil its charitable objectives.
LIBERTY SUNDAY SERVICES – THE YEAR OF ACQUISITION 2020
The 2020 theme ‘The Year of Acquisition’ was established to encourage individuals to acquire new skills, resources and be thankful for opportunities. For the first three months of the year all the events and messages were designed to amplify this theme of development and progress. These weekly gatherings have been virtual since the lockdown in March 2020.
LIBERTY TRAINING INSTITUTE - DIGITAL
The weekly classes have been adapted to align to the ‘Year of Acquisition’ theme. These continue to occur on Wednesdays via Zoom. These weekly sessions continue to provide safe spaces for people to learn and ask questions on a range of topics. These online sessions resulted in three times the amount of people who used to attend these as face-to-face sessions. From cira 20 to circa 50 attendees. These sessions have provided a vital lifeline for some who would have been completely isolated during the pandemic. These sessions are led by the senior Pastor.
LIBERTY WOMEN OF WORTH - DIGITAL
We have had six women’s meetings during 2020. We have had a focus on family relationships, parenting young teens and caring for adults in the home. We also had specialists delivering workshops on how to support people with their mental health. We know that in 2014, 29% of Black women reported a common mental health disorder. We have therefore continued to support women with a focus on wellbeing. We will continue to focus on this issue because of the established evidence of high levels of mental health issues in the Black community, and in particular women, we will continue to focus on these themes for 2021.
LIBERTY MEN UNITED - DIGITAL
The men met three times this year and continue to focus their conversations around advancing their own plans and personal projects and business ideas. There has been a continued focus on business and financial management.
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LIBERTY KIDZ CHURCH - DIGITAL
All children’s sessions were pivoted to digital sessions for 30-minutes at 2:00pm on Sunday afternoon. The themes have been, the Lord’s prayer and the fruit of the Spirit, which includes virtues such as love, joy and peace. These themes are taught weekly in short bite size sessions. The classes are broken into smaller groups with age 4-7 and age 8-12. The children sing, pray and share how they are using what they have learned in school and at home. All the teachers have been DBS checked. There are 27 children who join us online.
BEREAVEMENT SUPPORT
The devastating impact of COVID-19 has been disproportionate on Black, Asian and Minority Ethnic communities and we have felt the impact in the families and extended families linked to LCM. Special surgeries have been set up on Thursday’s once a month for all those who need additional support.
LIBERTY PASTORAL CARE - DIGITAL
The Pastoral Care Team now has 28 active carers. They act on a rota basis to ensure that there is a follow-up call made to anyone who does not attend the online events scheduled. This check in is made either by text or call. The areas of focus for the team since the pandemic has been, tackling loneliness and isolation. Offering a listening ear when required and practical support when ease of the covid restrictions allowed. In-House Bereavement counselling was offered but also referrals to other supporting organisations. On-line training was offered in the area of Wellbeing: self-care and monitoring of one's own mental health issues, to support the active carers and recipients of their care.
LIBERTY FOOD PANTRY
In March 2020 we opened the Liberty Food Pantry with 1771 hot meals distributed from April to October. These meals were cooked by the Senior Pastor every week. More than 50% of these were provided free of charge or at a heavily reduced cost through voluntary donations. This was a tremendous support to those who lost their jobs because of the pandemic and those who were shielding.
LIBERTY WEEKLY FOOD BANK
We launched the Liberty Food Bank in May 2020. It started small, and in the first week, 11 food parcels were given out. Since then, the Food Bank has gone from strength to strength in response to the growing need. Many individuals and families have walked through the doors of Liberty Church on a weekly basis seeking food, support, a listening ear and advice.
The service is run by our dedicated team of in-house volunteers; but much preparation goes on behind the scenes. The project initially was fully funded by Liberty Christian Ministries (LCM) but in recent months we have received donations from the Community both financially and in goods and partnered with some major organisations in the fight against food poverty.
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The Food Bank has developed even further during the Covid lockdowns and now provides services to the most vulnerable individuals, we currently receive weekly referrals via Croydon Council; some recipients have a diagnosis of Cancer, many have no recourse to public funds.
Through its weekly foodbank, online weekly services, teaching workshop, the online Sunday School classes, men and women’s network events Liberty is continually seeking to be relevant and responsive to our local community.
We have had to stand down some of the homeless focused outreaches since the lockdowns as well as the Youth Café. We will be able to consider restarting these services post pandemic.
Liberty Christian Ministries Trustees
November 2020
This report was approved by the Trustees on 28[th] September 2021 and signed on their behalf by:
Pastor Sandra Kerr CBE
Pastor Ann-Marie Lawrence
Pastor Joseph Campbell
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LIBERTY CHRISTIAN MINISTRIES
Statement of Financial Activities
Year Ended 30 November 2020
| Note | Total Funds 2020 £ |
Total Funds 2019 £ |
|
|---|---|---|---|
| Incoming Resources Incoming resources from generating funds: VoluntaryIncome |
2 | 280,882 | 152654 |
| Total Incoming Resources | 280,882 | 152654 | |
| Resources Expended | |||
| Charitable activities | 3 | (187,258) | (137030) |
| Total Resources Expended | (187,258) | (137030) | |
| Net incoming Resources for theyear | 4 | 93,624 | 15624 |
| Reconciliation of Funds Total funds brought forward |
42,062 | (1579) | |
| Total Funds Carried forward | 135,686 | 14045 |
The statement of financial activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses had not been prepared.
All the above amounts relate to continuing activities
Income & Expenditure
Year Ended 30 November 2020
| 2020 £ | 2019 £ | ||
|---|---|---|---|
| Voluntary Income | 280882 | 152654 | |
| Total Expenditure | (182734) | (137030) | |
| Operating Surplus | 93623 | 15624 | |
| Surplus for the Year | 93623 | 15624 |
The notes on pages 9 – 10 form part of these financial statements.
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LIBERTY CHRISTIAN MINISTRIES
Balance Sheet
Year Ended 30 November 2020
| Note | 2020 | £ | 2019 | |
|---|---|---|---|---|
| Fixed Assets Tangible Assets |
6 | 18,097 | 19265 | |
| Current Assets Debtors Cash at Bank |
7 | 9,865 125,932 135,797 |
9865 3756 13621 |
|
| Creditors:Amounts falling due within one year |
8 | 635 | (2456) | |
| Net current assets | 135,162 | 11165 | ||
| Total assets less current liabilities | 153,259 | |||
| Creditors:Amounts falling due after more than oneyear |
9 | (17,573) | ||
| Net assets(Liabilities) | 135,686 | |||
| Funds Unrestricted income funds |
10 | 135,686 | ||
| Total Funds | 135,686 |
These financial statements were approved by the members of the committee an authorised for issue on the 28[th] September 2021 and are signed on behalf by:
Pastor Sandra Kerr CBE
Pastor Ann-Marie Lawrence
Pastor Joseph Campbell
The notes on pages 9 – 10 form part of these financial statements.
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LIBERTY CHRISTIAN MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 30 November 2020
1. Accounting Policies
The financial statements have been prepared under the historical cost convention an in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issues in March (SORP 2005).
Fixed Assets
All fixed assets are initially recorded at cost
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
-
Equipment 20%: reducing balance method
-
• Fixtures & Fittings 20%: reducing balance method • Motor Vehicles 20%: reducing balance method • Leasehold Property straight-line method over 5 years period
2. Voluntary Income
| 2. Voluntary Income | |||
|---|---|---|---|
| Unrestricted Funds £ | Total Funds 2020 £ | Total Funds 2019 £ | |
| Donations | |||
| Donations Received | 280,882 | 280,882 | 152624 |
3. Costs of Charitable Activities by Fund Type
| Unrestricted Funds £ | Total Funds 2020 £ | Total Funds 2019 £ | |
|---|---|---|---|
| Charitable activity type 1 (amend desc’s for a/cs 330A, 330B and 330C to altercol headings |
|||
| 107,929 | 107,929 | 88632 | |
| Support Costs | 74,805 | 74,805 | 48398 |
| 182,734 | 182,734 | 137030 |
4. Net Incoming Resources for the year
| Net Incoming Resources for the year | ||
|---|---|---|
| This is stated after charging: | 2020 £ | 2019 £ |
| Depreciation | £4,525 | £3465 |
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5. Staff Costs and Emoluments
No salaries or wages have been paid to employees, including the members of the committee during the year.
6. Tangible Fixed Assets
| Equipment | Fixtures & **Fittings ** |
Motor Vehicles |
Leasehold Property |
Total | |
|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ |
| At 1 December 2019 | 49044 | 8827 | 7500 | 92675 | 158046 |
| At 30 November 2020 | 49044 | 8827 | 7500 | 92675 | 158046 |
| Depreciation | |||||
| 1 December 2019 | 34185 | 6764 | 1800 | 92675 | 135424 |
| Charge for theyear | 2972 | 413 | 1140 | - | 4,525 |
| 30 November 2020 | 37157 | 7177 | 2940 | 92675 | 139,948 |
| Net Book Value | |||||
| At 1 December 2019 | 14859 | 2063 | 5700 | 22622 | |
| At 30 November 2020 | 11887 | 1650 | 4560 | 18098 |
7. Debtors
| 2020 £ | 2019 £ | |
|---|---|---|
| Other debtors | 6352 | 6352 |
| Prepayments | 3513 | 3513 |
| 9865 | 9865 |
8. Creditors: Amounts falling due within one year
| 2020 £ | 2019 £ | |
|---|---|---|
| Trade Creditors | 1256 | 1256 |
| Other Creditors | 324 | 324 |
| Accruals and deferred income | 876 | 876 |
| 2456 | 2456 |
9. Creditors: Amounts falling due after more than a year
| 2020 £ | 2019 £ | ||
|---|---|---|---|
| Other long term loans | 18563 | 18563 | |
| 10. Unrestricted Income funds | |||
| Balance as at 1 December 2019 |
Incoming Resource |
Balance as at November 2020 |
|
| General Funds | 42062 | 93624 | 135686 |
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LIBERTY CHRISTIAN MINISTRIES
Detailed Statement of Financial Activities
Year Ended 30 November 2020
| Year Ended 30 November 2020 | ||
|---|---|---|
| Incoming Resources | 2020 £ | 2019 £ |
| Voluntary Income | ||
| Donations Received | 280882 | 152654 |
| Total Incoming Resources | 280882 | 152654 |
| Resources Expended charitable activities | ||
| Establishment – Rent | 31992 | 31992 |
| Establishment – Water | 889 | 1452 |
| Establishment – Light & Heat | 2898 | 2772 |
| Establishment – Repairs & Maintenance | 15007 | 1863 |
| Establishment - Insurance | 6404 | 2855 |
| Establishment - cleaning | 3513 | 1346 |
| Storage Costs | - | 2330 |
| Motor Vehicle & Maintenance | 7676 | - |
| Professional AccountancyFees | 1200 | |
| Bank and credit card charges | 1294 | 1289 |
| Otherprofessional and legal advice | 2486 | |
| Office expenses – Telephone and internet | 4397 | 2248 |
| Office expenses –postage, printingand stationery | 1684 | - |
| Depreciation | 432 | |
| Direct charityactivity1 – MinistryExpenses | 21698 | 27456 |
| Direct charityactivity1 – Honoraria | 10470 | 22389 |
| Direct charityactivity1 – Hospitality | 17666 | 4456 |
| Direct charityactivity1 – Entertainment | 5370 | 3525 |
| Direct charityactivity1 – Small Equipment and consumables | 8818 | 9220 |
| Direct charityactivity1 – Subcontractors | - | 1278 |
| Direct charityactivity1 – Advertising&publicity/promotional | 5801 | 3671 |
| Direct charityactivity1 – The Pantry | 3258 | - |
| Direct charityactivity1 – Subsistence | 500 | - |
| Direct charityactivity1 – Training& Education | 10284 | - |
| Direct charityactivity1 – Food Bank | 2628 | - |
| Direct charityactivity1 – Travel & Accommodation | 13823 | 8672 |
| Direct charityactivity1 – Travel/Petrol | 2835 | - |
| Direct charityactivity1 – Office & General Administrative | 3830 | - |
| SundryExpenses | - | 2456 |
| 182734 | 137030 | |
| Net Incoming resources for theyear | 93623 | 15624 |
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