Charlty reglstratlon number 1085554 (England and Wales)
Company reglstratlon number 04105589
LONDON FAMILY CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

LONDON FAMILY CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev. D Tamang
Ms E Boachie-mensah
Mr R K Varghese
Secretary
Rev. D Tamang
Charlty number (England and Wales)
1085554
Company number
04105589
Reglstered office
234 Royal College Slreet
London
NW19NJ
Independent examlner
Rouse Partners LLP
55 Station Road
Beaconsfield
Buckinghamshire
United Kingdom
HP9 1QL

LONDON FAMILY CENTRE
CONTENTS
Page
Trustees, report
Independent examlner's report
Statem8nt of financial activitles
Balance sheet
Notes to the financial statements
8-15

LONDON FAMILY CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees (who are also directors of the Charity for the purposes of the Compnaies Act) pres8nt thelr annual
report and financial statements for the year ended 31 December 2024.
The financial statements hav8 been pr8pared In accordance wlth the accounting policles set out In note 1 to tha
financial statements and comply with the charity's governlng document, the Companles Act 2006, FRS 102 "The
Flnanclal Reporting Standard applicable In the UK and Republic of Ireland" and the Charities SORP "Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in
accordanc& with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
ObJe¢tlves and actlvltl8s
The aims and objectives of the London Family Centre are:
To provide care, help, and relief to any person in n88d
from poverty, unemployment, or sickness.
To offer community supporl and help enhance the social and spiritual life of individuals who may require such
assistance.
regardless of age. denomination, or creed - suffering
A¢hlevements and performance
Since its establishment in 2001, the London Family Centre has continued lo provide support and services to
Londoners and beyond.
Our core mission is to promote spiritual, emotional, and psychological development among our members and the
wider community.
These goals are achieved through a range of activities, Including:
. Talks, seminars, and conferences
Classes and counselling
Church meetings and community outreach
Financial and practical assistance for thoso in need
Educational and youth-focused programmes, including movie nights and social events
Management Commlttee Report
Watch Nlght Servlce
The annual Watch Nlght Service was held on 31 December 2024 at The Internatlonal Gospel Church, Burnt Oak, to
welcome the New Year 2025.
It was a joyful celebration attended by approxlmately 150 people, featuring prayers of thanksgiving, pralse, and
worshlp through singing and dancing.
Rev. Dorj8y Tamang delivered an insplrlng messag8 that prepared the congregatlon for the year ahead.
Theme of the Year-"Year of Empowerment"
The theme for 2024 was °Y8ar of Empowerment.,
Throughout the year, R8v. Tamang contlnued to Insplre and equip the congregatlon with teachings focus8d on
splritual empowerment.
The year began wlth a 21-Day Solemn Ass8mbly, engaging the entlre Church in prayer and fastlng as famllies
sought God's guidance for the new year.

LONDON FAMILY CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Food Bank Inltlatlve
In January 2024. Rev. Dorjey Tamang encouraged the congregation to bring non-perishable food items quarterly to
be displayed in church on Sundays.
These items were made available to those in need, and the Initiativ8 has been a great success, reflecling the
church's heart for compassion and generosity.
Ministry Actlvltles
In March 2024, LFC hosted a three-day Easter Family Camp from 28th-30th March at Staverton Park, Daventry
(Northampton) under the theme "Living in the Resurreclion Power."
Over 300 believers atlended including our two daughter church from Northampton and Covenlry.
The camp provided a lime ofteaching, fellowship, and spiritual renewal for all attendees.
In April 2024, the Camden and South Harrow congregations were merged into a single church meeting at Vue
Cinema. Harrow (St. George's Shopping Centre).
Since the move, the church has experienced remarkable numerical and spiritual growth. with a strong revlval among
Men, Women, Singles, Couples. and Youth.
A new initiative, the Christian Development Programme (CDP), was Introduced to strengthen members, faith and
deepen their relationship wilh God.
Easter Outreach
A special Resurrection Sunday Service was held at Vue Cinema, Harrow.
Many newcomers joined through the evangelism outreach team's efforts. marking it as one of the most fruitful
outreach events of the year.
Youth Minlstry
Beginnlng In January 2024, the Youth Mlnlstry held monthly youth servlces at the Camden Shgd.
In July, the team organised a Youth Plcnlc Outreach, engaglng young people from both local and natlonal networks.
In August, five consecutive Famlly and Fellowship Sundays were dedicated to creative and communlty-building
activities, including:
Shopping centre evangellsm
Movie Sundays
Breakfast Sundays
. Games Sundays
These events brought great excltement durlng the hollday season and led to several n8w members Joining the
church.
Chlldren's Mlnlstry
The Children's Mlnlstry now operates from Its own cinema hall and Introduced a new teachlng curriculum called
"Think Orange."
This engaging, faith-based programme has been very successful. Activities such as Bible quizzes, games, and
pizza parties have helped foster enthusiasm, joy, and con51Stent attendance among children.

LONDON FAMILY CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Semlnars, Conferences, and Guest Speakers
Throughout 2024, the church hosted a variety of guest speakers, s8minars, and conferences aimed at
slrengthening faith and community life.
Leadership, family, and youth seminars were conducted for Singles, Couples, Parent5. Men, Women, and Youth
both within LFC and in Collaboration with partner ministries.
Regular weekly Bible studies, monthly celebrations, and community gatherings continued, while the Family Baptism
Beach Day at Walton on the Naze in July was a joyful highlight for all participants.
Language Fellowship Services
LFC'S language fellowshlps
throughout the year.
These fellowships have enabled the church to serve its diverse congregatlon more effectively through regular Bible
studies, connect groups, and discussions addressing key life topics.
including Nepali, Filipino, Sri Lankan, and Mauritlan groups
continued to thrive
Chrlstmas Famlly Celebration
The year concluded with a Joyful Christmas Family Celebration on 21 December 2024.
Over 280 people attended the event, which featured carols. delicious meals, and warm fellowship.
It was a fitting conclusion to a blessed and fruitful year for the entire LFC family.
Flnanclal r8view
The London Family Centre continues to manage its finances prudently and transparently.
Income during the year was primarily derived from member donations, offerings. and fundraising aclivltles, while
expanditure was focused on venue hire, ministry activities. outreach programmes, and charitable support.
Despite the Increased costs associated wlth the move to th& new venue, the church maintained 8 stsble financial
position, with all obligations met promptly.
The Management Committee extends sincere appreciation to all members and partners who contributed faithfully
throughout the yèar.
A full slatement of accounts for the year ended 31 December 2024 has been prepared and will be submitted to the
relavant authorities in accordance with the Charity Commlsslon guid81ines.
Plans for future perlods
Looklng ahead, the London Family Centre aims to build upon the strong foundation established in 2024.
Our goals for 2025 include:
Deepening Discipleship: Expanding the Christian Development Programme (CDP) and small group fellowships.
Community Engagement- Strengthening outreach in local communities through food distribution, counselling, and
support ne￿OrkS.
. Youth and Children's Growth: Developing leadership and creative arts programmes for young people.
Facility Development.. Exploring opportunities for a permanent worship and community cenlre.
Leadership Training.. Equipping mlnistry leaders for greater impact and effective service.
Prayer and Revival Focus.. Continuing with corporate fasting, prayer, and revival servlces throughout the year.
The Management Committee remains committed to fulfilling the mission of LFC - to Se￿e, uplift, and empower
individuals and familles through the love of Chrlst.
Slructure, governance and management
Govarning Document
The charity is a company limited by guarantee , incorporated on 10 November 2000 and registered as a charity on
14 March 2001. The company was established under a Memorandum ofAssoclatlon which established the objects
and powers of the charilable company and is governed under the Articles of Association.

LONDON FAMILY CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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 statement5 were..
Rev. D Tamang
Ms E Boachie-mensah
Mr R K Varghese
A¢knowledg8ments
The Committee expresses heartfelt thanks to Rev. Dorjey Tamang. the pastoral team, mlnistry leaders, volunteers,
and all members for their faithfulness and tireless dedication.
We also extend our appreciation to our partners, donors, and the wider community for their ongoing support.
Together. we celebrate a fruitful year and look forward to even greater impact In 2025.
The trustees, report was approved by the Board of Truslees.
Rev. D Tamang
Trustee
13-Nov-2025

LONDON FAMILY CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LONDON FAMILY CENTRE
I report to thè Irusteas on my examination of the financial statements of London Family Centre (the charity) for the
year ended 31 December 2024.
Responslbllltles and basls of report
As the Irustees of Ihe charily land also ils directors for the purposes of company law), you are responsible for the
preparation of the financial statemenls in accordance with the requirements of the Companies Act 2006.
Having satisfied myself thal the financial statements of Ihe charity are nol required lo be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination, I reporl in respect of my examination of the
charity's financial statements carried out under seclion 145 of the Charities Act 2011. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145(51(b) of the Charities Act 2011.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe Ihat in any material respect..
accounting records were not kept in respect of Ihe charity as required by section 386 of the Companies Act
2006.
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of tha Companies Act
2006 other than any requirement that the financial slatements give a true and fair view, which is not a matter
considered as part of an independent examination., or
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 charilies applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no Goncerns and have Gome 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 financial statements to be reached.
Rouse Partners LLP
55 Station Road
Beaconsfield
Buckinghamshire
HP9 1QL
United Kingdom
Date..

LONDON FAMILY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restrlcled
funds
2024
Total
Unrestrlcted
funds
2023
2024
Notes
Income from:
Donations and legacies
Investments
189.781
1.259
6,120
195,901
1,259
130,344
900
Total income
191,040
6.120
197,160
131,244
Expenditure on:
Raising funds
Charitable activities
Support costs
Governance costs
23,048
23.048
20,142
169,299
12.681
169.299
15,395
74,931
8.373
2,714
Total charltable expendlture
181,980
2.714
184,694
83,304
Total expendlture
205.028
2,714
207,742
103,446
Net incomel{expenditure)
(13,988)
3,406
(10,582)
27,798
Other recognised gains and losses:
Revaluation of tangible fixed assets
500,000
500,000
Net movement In funds
486,012
3,406
489,418
27,798
R8conclllatlon of funds".
Fund balances at 1 January 2024
592,773
592,773
564,975
Fund balances at 31 December 2024
1,078.785
3,406
1,082.191
592,773
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

LONDON FAMILY CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assels
11
999,009
499,070
Current assets
Cash at bank and in hand
96,681
97,788
Creditors: amounts falllng due wlthln
one year
12
(13,499)
(4,085)
Net current assets
83,182
93,703
Total assets less current liabilities
1.082,191
592,773
The funds of tha charlty
Restricted income funds
Unrestricted funds
14
15
3,406
1,078,785
592,773
1,082,191
592,773
The company is entitled to the exemption from the audit r8qulr8ment contalnad In s8Ction 477 of the Companies Act
2006, for the year ended 31 December 2024.
The directors acknowledge Ihelr responslbllities for complying with the requlrements of the Companies Act 2006
with respect to accounting records and the preparation of financlal statemants.
The members have not required the company to obtain an audit of Its financial statements for the year in quoslion in
accordance with secllon 476.
These financial statements have been prepared in accordance with the provlslons applScable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on
13-Nov-2025
Rev. D Tamang
Trustee
Company registration number 04105589 (England and Wales)

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollclas
Charlty Informatlon
London Family Cenlre is a private company limited by guarantee incorporated in England and Wales. The
registered office is 234 Royal College Street. London, NW19NJ.
This charity is established for charitable purposes only and operates for the public benefit in accordance with
the law. All activities. services. and projecls undertaken by the charity are designed to further its stated
charitable purposes and to benefit the public or a sufficient seclion of the public.
1.1 Basls of preparation
The financial statements have been prepared in accordance with the charity's governing documenl. the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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)" The charity is a Public Benefit Entity as defined by
FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities nol to prepare a statement of
cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounls in these financial statements are rounded to the nearest £.
The financial slatemenls have been prepared under the historical cost convention modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approvlng the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financlal slatements.
1.3 Charltable funds
Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their charitable
objectives and which have not been designated for other purposes.
Restrlcted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial slatements.
Endowment funds are subject to speclfic conditions by donors that the capltal must be maintalned by the
charity,
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that Income will be received.
Cash donatlons are recognised on receipt. Other donatlons are recognised On￿ the charlty has b8en notified
of the donation, unless performance conditions requlre deferral of the amount. Income tax recoverable In
relation to donations received under Gift Aid or deeds of covenant is recognised at the tim8 of the donation.
Legacles are recognised on receipt or otherwlse if the charity has been notified of an impending dislribution.
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a
contingent asset.

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounllng pollcles
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligatlon to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in seltlemenl, and the amount of
the obligation can be measured reliably.
Expendilure is classified by actlvlty. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs Involved in undertaklng each activity. Direct costs attributable to a slngle
activity are allocated directly to that activity- Shared ¢osls whlch contribute to more than one acllvlly and
support costs which are not attributable to a single activity are apportloned between those aclivities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreclatlon charges are allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of
trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charlty In the delivery of Its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and thos8
costs of an indirect nature ne￿SSary to support them.
Govemance costs include those costs associated with meeting the constitutional and statutory requirements
of the charity and include Ihe audit fees and costs linked to the strategic management of the charity.
- All resources expended are inclusive of irrecoverable VAT.
1.6 Tangible flxed assets
Tangible fixed ass81s are inilially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairm8nt losses.
Depreciation is recognised so as to write off the Cost or valuation of assels less their residual values over their
useful lives on the following bases:
Leasehold land and buildings
Leasehold improvements
Fixtures and fittings
Furniture and Musical Instrumenls
No depreciation
10 % reducing balance
25 /0 slraight-line basis
25 % slraight-line basis
The gain or loss arising on the disposal of an asset Is determlned as the dlfferenGe between the sale proceeds
and th8 carrying value of the ass81, and is recognised In the statement of financial activities.
1.7 Impairment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assels to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (If any).
1.8 Cash and cash equlvalents
Cash and cash equivalenls include cash in hand, deposits held at call with banks. other short-term liquid
Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Continued)
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are Inltlally measured at
transaction price including transaction costs and are subsequently carried at amortised Cost using the effective
interest method unless the arrangement constitutes 8 financing transaction, where the transaction is
measured at the presenl value of Ihe fulure receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortisod.
Baslc flnanclal Ilabllltles
Basic financlal liabllities, Including credltors and bank loans are Initlally reGognlsed at transaction price unless
the arrangement constitules a financlng transactlon. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of Interest. Financial liabilities classified as payable
within on8 yaar are not amortlS8d.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary cours8 of
operatlons from suppllers. Amounts payable are classlfied as current liabilllies If payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of flnanclal Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligations explre or are discharged or
cancelled.
1.9 Employee bonefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity Is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.10 Retiroment benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies, the trustees are requlred to make judgem&nts, estimates
and assumptions about Ihe carrying amount of assets and liabilities Ihat are not readily apparent from other
sources. The eslimates and associated assumptions ar8 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 basls. 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.
10-

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacles
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Other
163,113
26,668
6,120
169.233
26,668
103,950
26,394
103,950
26,394
189,781
6,120
195,901
130,344
130,344
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest recelvable
1,259
900
Expendllure on ralslng funds
Unrestricted Unrestrl¢ted
funds
funds
2024
2023
Fundraising and publicity
Seeking donalions, grants and legacies
Staging fundraislng events
20,441
2,607
10,500
9,642
23,048
20,142
11

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charltable actlvltles
Support Governance
costs
costs
2024
2024
Total
Support Governance
costs
costs
2023
2023
Total
2024
2023
Direct Costs
Staff costs
Depreciation and
impairment
General admin expenses
Premises expenses
Seminar & Confor8nces
Travel expenses
Finance costs
Book-keeping
Accountancy
Professional fe8S
32,230
32.230
40.547
40.547
7,726
28,201
89,232
785
10.728
397
7.726
30.915
89,232
785
10,728
397
1,990
2,140
8,551
7,145
7,851
9,153
4,232
5,661
342
7.145
7,851
9,153
4,232
5,661
342
1,990
2,200
4,183
2,714
1.990
2,140
8,551
1,990
2,200
4,183
169,299
15,395
184,694
74,931
8,373
83.304
Analysis by fund
Unrestricted funds
R6strict6d funds
169,299
12.681
2,714
181.980
2,714
74,931
8,373
83,304
169.299
15.395
184,694
74,931
8.373
83,304
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting):
Fees payable to the charity's Independent examiner.,
for the independent examination of the charity's financial statements
for other financial services
Depraciation of owned tangibl8 fixed assets
3,300
300
7,726
2,200
380
7,145
Trustees
During the year, the Trustee5 recelved remuneratlon of £24,880 {2023: £21,570). Non8 of the trustees (or any
persons connected with them) recelved any benefits from tha charity during the year.
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
12-

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
(Continued)
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
31,671
38,106
1,655
786
559
32.230
40,547
There were no employees whose annual remuneration was more than £60,000.
10 Taxatlon
The charlty Is exempt from taxation on its activities because all Sts Income Is applled for charitable purposes.
11 Tangible flxed assets
Lgasehold
Leasehold Flxtures and Furnlture and
land and Improvements
rittings
Muslcal
bulldlngs
Instruments
Total
Cost
At 1 January 2024
Additions
Revaluallon
450,000
233,045
37,795
1,195
88.081
6.470
808,921
7,665
500,000
500,000
At 31 December 2024
950,000
233,045
38,990
94,551 1,316,586
Depreclatlon and Impalrment
At 1 January 2024
Depreclatlon charged in the yaar
188.794
4.425
37,420
400
83,637
2,901
309,851
7.726
At 31 December 2024
193,219
37,820
86,538
317,577
Carrylng amount
At 31 December 2024
950,000
39,826
1,170
8,013
999.009
At 31 December 2023
450,000
44,251
375
4.444
499,070
Th8 valuation of the leasehold property was carried out as at 31 D8cember 2024 by Alex Crown Lettings &
Eslate Agents on an open market value basls. with ref8renc& to market evidence of similar propert18s. The
figures presented in the financial statements are consistent with the valuation report issued by this
independent firm of valuers.
13-

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Credltors: amounts falllng due wlthln one year
2024
2023
Olher taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
668
7,551
1,680
3,600
206
79
3,800
13,499
4,085
13 Retirement ben8flt schemes
2024
2023
Defined contrlbutlon schemes
Charge lo profit or loss in respect of defined contribution schemes
559
786
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to Specific conditions by donors as to how they may be used.
Al 1 January
2024
Incomlng
resources
Resources
expended
At31
December
2024
6,120
(2.714)
3,406
15 Unrèstrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to speclfic conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aslde out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incomlng
resources
Rasources
expended
At31
December
2024
General funds
Revaluation reserve
592,773
191,040
(205,028)
578,785
500.000
14-

LONDON FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Unrestricted funds
(Contlnued)
Pr8vious year:
Al 1 January
2023
Incoming
resources
Resources
exponded
At31
December
2023
General funds
564,975
131,244
(103,446)
592,773
16 Analysls of net assets between funds
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Current ass&tsl(liabililies)
999,009
79,776
999,009
83,182
3,406
1.078,785
3.406
1,082.191
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tanglble assets
Current assetsl(liabilities)
499,070
93.703
499.070
93.703
592,773
592,773
17 Related party transactlons
VFC Slngapore Is the head church of the charity. During the year. the charity received a donatlon of £56.575
from VFC Singapore. The amount will be utilised towards charitable expenditure as and when required.
Thls year, £13,517 was relmbursed to Pastor Roy Varghese for Easter campus expenses that he initially pald
on behalf of the charity.
15-