REGISTERED CHARITY NUMBER: 1090802 [4 Knights Lowe Chartered Accountants & Business Advisers Re ort of the Tru5tee5 and Unaudlted Financial Ststements for the Y rEn ed31Ma 2022 for Llbe Chrlstian Famll Centre Trust Knights Lowe Chartered Accountants Eldo House, Kempson Wav Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR Eldo House. Kempson Way. Suffolk Buslne$5 Park Bury51 EdmJnds.5uffolk. IP32 7AR -j 01284 701300 infth@kni9hislowe.co.uk kn1ghtslowe.co.uk
Ubert Chrl n Famil Centre Trust ontents of the Financial Statements for the Year Ended 31 Ma 2022 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Activities Balance Sheet Notes to the Financlal Statements 8 to 16 Detailed Statement of Flnanclal Actlvltles 17 to 18
bert Chrlstian Famil Centre Trust Re ort of the Trustees for the Year Ended 31 Ma 2022 The trustees present thelr report with the financial statements of the charity for the year ended 31 May 2022. The trustees have adopted the provi510ns of Atcounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applitable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND A1VITIEs Charitable obJectÉves and aims The object of the charity is to advance the Christian faiih in the county of Norfolk and in such other parts of the Unlted Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the13w of England and Wales and are connected with the charitable work of the Iru5t. A150 to relieve persons who are in condition5 of need or hardship or who are aged or Sick and to relieve the di5tres5 caused thereby in the said location and In such other parts of the Unlted Kingdom or the world as the Trustees may from time to time think fit. Public benefit The Trustees consider that they have complied with the duty regarding Public Benefit as detailed In settion 4 of the Charities Act, having due regard to guidance published by the Charity Commission. Page I
be Christian Famll Centre Trust ort of the Trustees for the Year Ended Ima 2022 ACHIEVEMENT AND PERFORMANCE Charitable artlvities Liberty Christian Family Centre has been running as a Church since 4 June 20CIO in Thetford, Norfolk. What started a5 srnall group of 11 people has Erown into a thriving community Church. We have. over the years. established ourselves in the community through our contemporary servite5, children's programmes, youth work. communlty teams. numerous su¢ce5sful community events and our continued commitment to relieve those in hardshlp. We endeavour to continue to help the less fortunate and under privileged, and to adwance the Chrlstian Faith. We continue to give charitable donations to other organisations, such as "compassion" We endeavouT io resource people who Share similar aims and objectives as us, to help people we cannot directly impact. We continue to network with Thetford Christians Together and therefore 8ive an annual subscription toward this Eroup. The Church employs one full tirne pastor (funded through church donations) and one part time foodbanklcommunity worker Im05tly funded by a Trussell Trust Grantl- however. the trustees note the contribution from the many members who give their tirne on a voluntary basis to enable the charity to function. ne 2021- Jul 2021 After securing our new premises (THE HUB) in May 2021. an intensive two-month refurblshment project (June and July) was undertaken at the premises. The bullding fund, foodbank fund and unrestricted fund were near exhausted in developing the slte to house both our general ¢hurch service5 and our foodbank services. Except for two satelltte foodbank distrlbutlon centres, in Watton and AttleborouEh, we have moved all the charity's activities to THE HU8. The Charity was delighted to get the necessary Works completed just In time to launch the venue on the same week that the Covid Lockdown restrictions were fully lifted. Au 2021- Ma 2022 The launch event saw our new auditorium filled with folk that have attended from before the lockdowns and also lots of new, never sèen before faces. Sincè then, we have run weekly Sunday services which have grown monih on month. The Coffee shop, located downstairs ai THE HUB, has played a vital role in developing community cohesion after every Sunday servlce. Our new klds program 'lgnite" has attracted many families with chSldren to our Sundays. In addition, more and rnore families with youth aged children are attendin8. This has resulted in our dedicated children's space already being at maximum capacity. We therefore started raising further funds to undertake additional works to improve the outside space,. induding a play area. patio area and LOE Cabin. This space will help facilitate the smooth runnlng of our brand-new prograrn called HY (Hub youth). This currently runs in the coffee shop bl-weekly on but Is planned to move to a weekly piograrn in the Log Cabin (THE PODI, as volunteers are secured. and when the works can be completed. In addition, we host Youth4Chrlst (durin8 term timel on Tuesday aftemoon. This is a T IThetford Christians Together) funded Inltiative, that creates an after school Spa for students from Thetford Acaderny. 51tuated lust across the road from THE HUB. Connect groups have continved with the new addition of a "Newbie group whlch meets at the Hub. We also have a zoom group, that has continued as such after the pandemic, for folk who struggle to make in-person 8roups. Flourish Conference was re-launched as a smaller evèning event, due to two date changes, wlth the hope to have it back to tapacity next year. However, we have also launched 'Flouiish Nights" a monthly gathering of women and social media group. The Hub Is also now home to a host of communlty BTOUPS and businesses that help fund the alms of the charity and cover building costs. These range from Pilates. Yoga, Chair Aerobi¢5, Fitness Classes, Youth Club, Family Coun5ellor, Slimln@ World and Craft Club. FOODBANK Page 2
Chrlstian Famil Centre Trust Re ort of the Trusteès for the Year Ended 31 Ma 2022 Liberty Centre continues to run Thetford Foodbank with distribution centres in Thetford, Watton and Attleborough. The demand for the service over the last 12 months has remained stubbornly high. Throughout the year Thetford Foodbank has provided 3 days, worth of emergency food to thousands of individuals and families, in addition to an array of household essentials. The Energy Bank service continues to operate. Thi5 programme allows people who are struggling with utilitie5 to gain tredit codes to add payments to their'pay as you go" @as and electricity tards. The charity accepts financial donations/grants for Foodbank servlces.. these funds are restricted to the costs of running Thetford Foodbank, including WaBes, property purchase or rent, volunteer expenses. equipment, storage, energy bank, food, utllities for Foodbank centies and any other cost directly incurred to the charity for providinB Thetford Foodbank to the community. We have, as a Trussell frust foodbank, also adopted the new vision to attempt to reverse the trend of increa51ng foodbank use in our community by tackling the drivers of foodbank use. We have applied for Financial Inclusion grants through Trus5ell Trust to provide Citizens Advice Workers at all our Foodbank Centre sessions, to help Elve clients tsilored support in tackling the drivers of their foodbank use. Wè hope to have secured funding by June 2022. We have established so mueh in the last 12 months, having had our new premises for a full year. and are exated to See what impact the charity can make over the next 12 months. The Plan ahead Over the next 12 months, we plan to launch "Hub Cubs", our new Parent and Toddler group to run On a week. We hope to reach our fund raising target to complete our outside works project" by the start of the summei holidays. to facilitate our growing kid5 and youth program. We plan to use this space to throw a summer fun day, as part of our sumrner of fun program. We will be launching a new Mens ministry that will meet a few limes a year and will centre around activities and food. Finally, we plan to have secured fundlng for Citizens Advice Workers to be present in all our foodbank client sessions and to launch a brand-new podcast dis¢u5sin8 the solutions to endin8 the need for foodbank use. FINANCIAL REVIEW Financlal position At the year Ènd the charity had reserves of £323,65212021.. £291,711>. The accounts show the Charity had net incomlt)g resources for the year of £31,94112021'. £73,982). Reserves polities Due to the fact the charity's Income is variable and based on donations, the charity's policies are firstly to allow up to six months of running costs to accrue in the main account and secondly to allow continual accumulation of donations in the Bullding Fund to contribute towards the cost of purchasing and renovating our own building in the future. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. The charity is registered by The Charity Commissioners for EnBland and Wales. The charlty's objects are rules as set out in its Constitution adopted 21 January 2002. Recruitment and appolntment of new trustees Under the teim5 of the charity's trust deed a new trustee may be appointed if agreed by the majority of trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1090802 Page 3
bert Chrlstian Famil Centre Trust ort of the Trustees for the Year Ended 31 Ma 2022 Principal address 39 Redgate Thetford Norfolk IP24 2HA Trustees P A Wllllams Pastor T A Gatrod MSLowe Independent Examlner James Knights ACA Knights Lowe Chartered Accountants Eldo House, Kempson Way Svffolk Business Park Bury St Edmunds Suffolk IP32 7AR Bankers Nationwide Building Society 21 Riverside Walk Thetford Norfolk IP24 288 Lloyds TSB 35 King Street Thetford Norfolk IP24 2AX Approved by order of the board of trustees on.......................... .................. and Signed on its behalf by.. P A Wllllams- Trustee Page 4
Inde endent Examiner's Re ort to the Trusteès of Libe Christian Famil Centre Trust Independent examiner's report to thè trustees of Liberty Christian Famlly Centre Trust I report to thè charity trustees on my examination of the accounts of Liberty Christian Family Centre Trust (the Trust) for the year ended 31 May 2022. Responsibilitie5 and basls of rèport As the charity trustees of the Trust you are responslble for the preparation of the account5 in accordance with the requirement5 of the CharStles Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Secti¢>n 145 of the Att and In carrying out my exarnination I have followed all applicable Directions glven by the Charlty Comrnis5ion under Section 14515llbl of the Act. Independent examlneT'S Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination givin8 me cause to believe that in any material respect: accouniing records were not kept in respect of the Trust as required by Section 130 of the Act; or the account5 do not accord with those records.. or the ac¢ounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulatiorss 2008 other than any requirement that the accounts @ive a true and fair view whlch is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. James Knights ACA Knlghts Lowe Chartered Accountants Eldo House, Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR Date.. 281312023 PaBe 5
bert Chrlstian Famil Centre Trust Statemènt of Financial Artivities for thè Year Ended 31 Ma 2022 2022 Total funds 2021 Total funds Unrestricted fund Restricted funds Notes INCOMEAND ENDOWMENTS FROM Donations and legacie5 43.636 31,722 75.358 104,945 Grants Income Charitable activities and support costs 5.087 50,332 55N19 38,982 Other trading activities Investment income Other Income 322 322 7,240 70 Total 56,769 82,054 138,823 143,997 EXPENDITURE ON Charitablè artivities Charitable activities and support Costs 71,868 35,014 106,882 70,015 NINcOME/(EXPENDlTuREl Transfer5 between fund5 115,0991 34,349 47,040 134.3491 31.941 73,982 16 Net movement In funds 19.250 12,691 31,941 73.982 RECONCILIATION OF FUNDS Totsl funds brought forward $4,184 237.527 291.711 217,729 TOTAL FUNDS CARRIED FORWARD 73.434 250.218 323.652 291.711 The notes fomi part of these financial statements Page 6
L5bert Chrlstlan Famil Centre Trust Balance Sheet 31Ma 2022 2022 2021 Notes FIXED ASSErs Tangible assets io 384,597 351,091 CURRENT ASSErs Debtors.. amounts falling due within one year Cash at bank li 940 35,291 3,674 38,506 36.231 42.180 CREDITORS Amounts falling due within one year 12 17.2611 16,5361 NET CURRENT ASS5 28,970 35,644 TOTALASSETS LESS CURRENT UABILITIES 413.567 386,735 CREDITORS Amounts falling due after more than (Yne year 13 189,9151 195,0241 NET ASSErs 323,652 291,711 FUNDS Unrestricted funds Restricted funds 16 73,434 250,218 54.184 237,527 TOTAL FUNDS 323,652 291,711 The financial statements were approved by the Board of Trustees and authorised for issue on 17.1'.0 3. J.ZS. ..... and were signed on its behalf by: P A Wllllams- Trustee T A Garrod - Trustee M S Lowe- Trustee The notes form part of these financial statement5 Page 7
ert Christlan Famil Centre Trust Notes to the financial Statemènts for the Year Ended 31 Ma 2022 ACCOUNTING POLICIES Basls of preparing the financial statements The financial staternents of the charity, which is a publlc benefit entity under FRS 102, have been prepared in accordance with the Charities SQRP IFRS 1021 'Accountin8 and Reportin8 by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Chèritie5 Act 2011. The financial statements have been prepared under the historical cost convention. These finanual statements are the first for the charlty that comply with FRS 102 and the provisions for small entities. The date of transition is l June 2015. The transttion has resulted in an alignment of accountlng policies to those required in the adoption of FRS 102. This rhan8e has no Impact on these financial Statements. The presentatlonal currency of these financlal statement5 is pounds sterling (£1. rounded to whole pounds. Golng concern The trustees consider that no material UnrtaIntieS relating to events or condllions that may cast significant doubt upon the charity'5 ability to continue as a Boing concern exist. Therefore these financial statements are prepared on thè going concern basis. F5nandal Instruments Basic financial instruments are recognised at amortised cost, with changes recognised in the Staternent of Financial Activitie5. Income All income is recognised in the Statement of Financial Activitiès once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured reliablv. Expenditure Llablllties are recognised as expenditure as soon as there is a legal or construrtive obligation committing the charlty to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin85 that aggregate all cost related to the category. Where costs cannot be dire¢t5y attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Governance costs Governan costs represent the administrative costs incurred by the Charity dtjring the year, all other èxpenditure 15 incurred In respect of the work done by the Charity in the community. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrltè off each asset over its estimatefl useful Plant and machinery Motor vehicles 15% on reducing balan 25% on Teducing balan The freehold property is held at cost with no depreclalion provided. Deprecation has not been charged as the property has an underlying value considered by the trusiee5 to be equal or in excess of this tost. The building is being kept in good conditlon and therefore It is not considered appropriate to depreciate the freehold property. The charity capitalises itèms where the individual cost exceeds £150. P38e 8 continued...
Llbe Christian Famil Centre Trust Notès to the Financial Statemènts- continued for the Year Ended 31 Ma 2022 ACCOUNTING POLICIES- ¢ontinued Taxation The charity is exempt from tax on its charitable actlvilies. Fund accountlng Unrestrlcted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restrlcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The charity currently has restricted funds for the following purposes.. Buildin Fund For the purposes of renovating (including upkeep, improvements and runnin8 ¢05tsl, equippinE, purchasing or renting full time premlses for Liberty Christian Family Centre Trust. This fund accrued until suitable premlses were found. In May 2021 the charity purchased a propèrty and the remaining funds will be used Inline with the objectives to renovatè and rnaintain it. Foodbank Fund For the running ol Thetford Foodbank. including wages, volunteer expense5, equipment, storage, utilities for Foodbank centres and any other cost directly incurred by the charity for providing Thetford Foodbank to the community. Ener bank Fund For the provision of energy vouchers to assist members of the community with their utility bllls. Pension costs and other post-retirement bertèfits The charity operate5 a defined contribution pension scheme. Contrlbutions payable to the ¢haTity's pension scheme are charged to the Statement of Financlal Attivitie5 in the period to which they relate. DONATIONS AND LEGACIES 2022 2021 Donations 75,358 104,945 OTHER TRADING ACTIVITIES 2022 2021 Event Income 322 Page 9 continued.
Libert Christian Famil Centre Trust Notes to the Financial Statements- contlnued for the Year Ended 31 M 2022 INVESTMENT INCOME 2022 2021 Hub hire Bank interest receSved 7,240 70 7,240 70 TRUSTEE5' REMUNERATION AND BENEFITS 2022 2021 Mr P A Williams (Trusteel Remuneration Employer's pension contributions 31,745 952 29,601 897 Wlfe of Trustee Remuneration Employer's pension contributions 17.896 551 8,507 447 These payments were made for the individual's roles as Pastor and Youth Pastor respectively. Trustees, expenses There were no trustees, expense5 paid for the year ended 31 May 2022 nor for the year ended 31 May 2021. STAFF COSTS 2022 2021 Wa8e5 and salaries Social security costs Other pension costs 49.629 197 1,504 37,907 1,344 51,330 39,251 The average monthly number of employees dUr1r the year was as follows.. 2022 2021 Pastors No employees received emoluments in excèss tyf £60,000. Page 10 conlinued...
ert Christian Famll Centre Trust Note5 to the Financlal Statement5- continued for the Year Ended 31 Ma 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted fulld Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 51,119 53,826 104,945 Grants income Charitable activitiès and support cost5 11,982 27,000 38,982 Investment Income 70 70 Total 63,101 80,896 143,997 EXPENDITURE ON Charitable artivities Charitable activitie5 and support costs 43,145 26,870 70,015 NINcOmE 19,956 54,026 73,982 RECONaLIATION OF FUNDS Total funds brought forward 34,228 183.501 217,729 TOTAL FUNDS CARRIED FORWARD 54,184 237,527 291,711 INDEPENDENT EXAMINER'S FEES 2022 2021 Fees for Independent Examinatlon 1,685 1,560 DEFINED coTrifRIBUTION PLANS Total employee and employer Contributions of £3,509 were recognised in the SOFA dvTin8 the year 12021= £3,1361. These costs are paid from the general fund. Pagè 11 continued...
Ubert Chri n Famil Centre Trust Notes to the Financtal Statements- continued for the Year Ended 31 Ma 2022 io. TANGIBLE FIXED ASSErs Freehold property Plant and machinery Motor vehicles Totals COST At l June 2021 Additions Di5P05als 336,894 55.606 42.350 16001 3.954 396,454 42,350 14,5541 13.9541 At 31 May 2022 336.894 97,356 434.2SO DEPRECIATION At l June 2021 Charge for year Eliminated on disposal 42,834 7,378 15S91 2.529 45.363 7.378 13,088) 12,5291 At 31 May 2022 49.653 49.653 NETBOOK VALUE At 31 May 2022 336.894 47,703 384.597 At 31 May 2021 336.894 12,772 1.425 351.091 Freehold property indudes the purchase of the The Hub for £330,000. The Hub has been funded from general unrestricted funds and restricted funds. This split has been considered by the Trustees and allocated based on the use of the building by the relevant fund or actlvity, with consideration to the purpose and restriction on those funds. This ensures that any capital appreclatlon is maintained for each of these funds should it ever be reallsed in the future. The allocation of funding for The Hub relates to 37.5% General Unrestricted Fund, 37.5% Building Fund and 25% Foodbank Fund. ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 other debtor5 Prepayments 2,042 1,632 3,674 Page 12 ¢ontinued...
Llbe Chrlstian Famil Centre Trust Notes to the Financial Statements- continued for thè Year Ended 31 Ma 2022 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Bank loans and overdrafts Isee note 141 Other creditors Accruals 5,177 399 1.685 4,976 1,560 7.261 6,536 13. CREDITORS: AMOUNTS FALUNG DUE AER MORE THAN ONE YEAR 2022 2021 Bank loans (see note 141 89.915 95.024 14. LOANS An analysis of the maturity of loans Is given below.. 2022 2021 Amount5 falling due within one year on demand.. Bank loans 5,177 4,976 Amounts falling between one and two year5: Bank loans- 1-2 years 5,180 Amounts falling due bètween two and five years: Bank loans- 2-5 years 17,517 16,840 Amounts falling due in more than five years: Repayable by instalments.. Bank loans more 5 yr by instal 67.010 73,004 The Charlty has been provided a loan with a 15 year term at 4% interest rates, which commenced 17 May 2021 for the purchase of the freehold property. 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022 Total funds 2021 Total funds Unrestricted fund Restricted funds Fixed assets Current assets Current liabilities Long tèrm liabilities 157.539 13.071 17.2611 189.9151 227,058 23,160 384.597 36.231 17.2611 189.9151 351,091 42,180 16,5361 195,0241 73.434 250,218 323.652 291,711 PaBe 13 Continued...
-bert Chrlstlan Famil Centre Trust Notes to the Financi31 Statements- continued for thè Year Ended 31 Ma 2022 16. MOVEMENTIN FUNDS Net Transfers between funds movement in funds At 31.5.22 At 1.6.21 Unrestri¢ted funds General fund 54,184 115,0991 34,349 73A34 Restrirted funds Building fund Ftsodbank ENERGYBANK 130,099 100.428 7.000 9.574 38,466 11,0001 14,3491 130.0001 135,324 108,894 6,000 237.527 47,040 134.3491 250.218 TOTAL FUNDS 291.711 31,941 323.652 Net movement in fund5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrictèd funds General fund 56,769 171,8681 115,0991 Restrlcted fvnds Building fund Foodbank EMERGYBANK 9.897 72,157 13231 133,6911 11,0001 9,574 38,466 11,0001 82054 135,0141 47,040 TOTAL FUNDS 138023 1106,8821 31,941 Comparatives for movèmÈrtt in funds Net Movement in funds Tran5fer5 between fund5 At 31.5.21 At 1.6.20 Unrestrirted funds General fund 34,228 19,956 54,184 Restricted funds Building fund Foodbank ENERGYBANK 143,856 36,645 3,000 16.243 33.783 4,000 130,0001 30.000 130,099 I,428 7,000 183,501 54,026 237,527 TOTAL FUNDS 217,729 73,982 291,711 Page 14 conlinued...
Libert Christian Famil Centre Trust Notes to the Flnan tatements- contlnued for the Year Ended 31 Ma 2022 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incomin8 resources Resources expended Movement funds Unre5trirted fund5 General fund 63,101 143,1451 19,956 Restrirted funds Building fund Foodbank ENERGYBANK 16.623 59.273 5,000 13801 125,4901 11,0001 16.243 33,783 4,000 80,896 126,8701 54,026 TOTAL FUNDS 143,997 170,0151 73,982 A current year 12 months and prior year 12 months combined positionls as follows: Net movemÉnt In funds Transfers between funds At 31.5.22 At 1.6.20 Unrestrlcted fvnds General fund 34,228 4,857 34,349 73,434 Restricted funds Building fund FoDdbank ENERGYBANK 143,856 36.645 3.000 25,817 72,249 3,000 134.3491 135,324 108,894 6,000 183.501 101,066 1343491 250,218 TOTAL FUNDS 217,729 105,923 323,652 Page IS continued...
Libert Chrlstlan Famil Centre Trust Notes to the Financial Statements- continued for the Yèar Ended 31 Ma 2022 16. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months comblned net movement In fund5, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 119,870 1115,0131 4,857 Restricted funds Building fund Foodbank ENERGYBANK 26,520 131,430 5,000 17031 159,1811 12,0001 25,817 72,249 3,000 162,950 161,8841 101,066 TOTAL FUNDS 282,820 1176,8971 105,923 rranslers tween funds The Trustees agreed a transfer between the Building Fund and the Foodbank Fund of £30,OOQ. This ensured that the charity could complete on the purchase of the property inline with the objèctives of the fund, being to puichase a building for the overall benifit of the charitable activitie5. The tharity had applied for a grant from the Tru55ell Trust for £30,000 in relation to the capital purchase for the Foodbank activity.This had yet to be received at completlon but was received by the charity on 2 June 2021, and will be included as Grant income received in next years accounts, with a transfer back to the Building Fund. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 May 2022. Page 16
Libe ChT15tian Famil Centre Trust Dètailed Statement of Flnanclal Activitles for the Year Ended 31 Ma 2022 2022 2021 INCOME AND ENDOWMENTS Donatlons and lègacies Donations 75,358 104,945 Othèr tradin8 artivitie5 Event income 322 Investment income Hub hire Bank interest received 7.240 70 70 Grants Income Grants 55,419 38,982 Other Income Gain on sale of tangible fixed assets Total Incomlng resources 138,823 143,997 EXPENDITURE Charltable attivittes Pastors. waEes175%1 Social securltv Pensions Light and heat Printing and stationery Miscellaneous expenses Hire of venue Mlnistry expense5 Edge youth club and VIBE Van costs Band equipment Networking fees Appreciation gifts Food bank room hire & storage Foodbank supplies and equipment Training/volunteer Events- Flourish Rlghtnow subscription Enèrgy bank expenses The Hub- Refurbishment and decoratlon Repairs and maintenance Carried forward 37,222 28.430 1,128 2,642 334 1,921 423 35 996 1,154 2,620 1,008 757 543 298 1.770 211 324 1.295 1,578 360 120 5,152 731 37 839 600 2,173 466 1,050 742 1,000 8,506 1,000 21,569 1,990 78,310 52,862 Thls page doe5 not form part of the statutory financial Statements Page 17
Llbè Christian Famil Centre Trvst Detailed Statement of Financial Activities for the Year Ended 31 Ma 2022 2022 2021 Charitable actlvltles Brought forward Charity gifts Depreciation of tanBible fixed assets Bank loan interest 78.310 52,862 750 2,701 300 7.378 3,978 89,666 56.613 Support ¢0sts Governance costs Wa8es Social security Pensions Computer costs Insurance Licences Telephone P05ta8e and statlonery Accountancy and legal fees 12,407 49 376 423 1,113 601 468 94 1,685 9,477 336 316 803 660 72 178 1,560 17,216 13,402 Total resources expended 106.882 70,015 Net Income 31.941 73,982 Thls page does not form part of the statutory financial Statements Page 18