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2023-05-31-accounts

REGISTERED CHARITY NUMBER: 1090802

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Liberty Christian Family Centre Trust

Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

Liberty Christian Family Centre Trust

Contents of the Financial Statements for the Year Ended 31 May 2023

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16
Detailed Statement of Financial Activities 17 to 18

Liberty Christian Family Centre Trust Report of the Trustees for the Year Ended 31 May 2023

The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Charitable objectives and aims

The object of the charity is to advance the Christian faith in the county of Norfolk and in such other parts of the United 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 the law of England and Wales and are connected with the charitable work of the trust. Also to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United 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 section 4 of the Charities Act, having due regard to guidance published by the Charity Commission.

Page 1

Liberty Christian Family Centre Trust

Report of the Trustees for the Year Ended 31 May 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

Liberty Christian Family Centre, operating as a Church since June 4, 2000, has evolved from a small group into a thriving community Church. Our commitment to the community is demonstrated through contemporary services, children's programs, youth work, and successful community events, plus our extensive work in emergency food provision and the relief of poverty. We extend our support to those facing hardship and actively contribute to the advancement of the Christian Faith.

While sustaining our operations with one full-time pastor and a part-time foodbank/community worker, we appreciate the invaluable contribution of our dedicated volunteers.

We continue our charitable donations to organizations like "compassion" and maintain an annual subscription to Thetford Christians Together.

THE PAST 12 MONTHS

We have continued our weekly Sunday services, along with our kids' program, "Ignite," and our biweekly HY (Hub youth) program from THE HUB. The Coffee shop at THE HUB continues to foster community cohesion after services. Connect groups (Small groups) continue to run from The Hub and over zoom.

Flourish Conference 2022 was fully booked and went down a storm with its "Bake Off" theme. Women from 40+ churches joined us from throughout the region.

HUB CUBS (our parent and toddler group) was launched in September 2022 and saw on a weekly basis a packed main hall; full of parents and toddlers enjoying some social time.

THE HUB continues to be home to several various community groups and businesses, contributing to funding and covering building costs.

In addition, THE HUB hosts "Pulse café, the youth work organised by Youth for Christ and supported by Thetford Christians Together.

Foodbank

Thetford Foodbank, operating in Thetford, Watton, and Attleborough, has sadly witnessed sustained high demand over the past year. The last year alone has seen another 50% increase in use. We provided emergency food and household essentials to thousands of individuals and families. The Energy Bank service supports those struggling with utilities, offering credit codes for "pay as you go" gas and electricity cards.

Financial donations and grants for Foodbank services are strictly allocated to associated costs, including wages, property, volunteer expenses, and utilities. As a Trussell Trust foodbank, we strive to reverse the trend of increasing foodbank use by addressing its root causes. To that end, in the last year, we were able to secure funding to provide Citizens Advice Workers in all our foodbank centres. This enables us to tackle some of the drivers of Foodbank use. In addition, we have launched a new Pilot YouTube channel, hosting both "the hublife show" and "the hublife podcast". Both shine a light on the need for us to make changes in society to ultimately tackle some of the drivers of foodbank use in the UK.

THE PLAN AHEAD

As we reflect on a year of accomplishments, our future plans include launching "Elemental", a Men's Conference similar to our Flourish Ladies conference. Also, we plan to launch "HubYouth conf", a mini conference aimed at Christian Youth in the region. In addition, after the success of our Hublife YouTube Pilot, we plan to continue to produce this content centred around Food poverty for at least the next 12 months. We plan to connect and talk with people from across the charity and business sector as well as individuals from local, district and county council. In the coming year, Liberty Christian Family Centre is poised to make a significant impact with our diverse range of programs and initiatives, in both advancing the Christian faith and the relief of poverty.

FINANCIAL REVIEW

Financial position

At the year end the charity had reserves of £383,457(2022: £323,652). The accounts show the charity had net incoming resources for the year of £59,805 (2022: £31,941).

Page 2

Liberty Christian Family Centre Trust

Report of the Trustees for the Year Ended 31 May 2023

FINANCIAL REVIEW

Reserves policies

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 Building Fund to contribute towards the cost of purchasing and renovating our own building in the future.

STRUCTURE, 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 England and Wales. The charity's objects are rules as set out in its Constitution adopted 21 January 2002.

Recruitment and appointment of new trustees

Under the terms 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

Principal address

39 Redgate Thetford Norfolk IP24 2HA

Trustees

P A Williams Pastor T A Garrod M S Lowe

Independent Examiner

James Knights ACA Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

Bankers

Nationwide Building Society 21 Riverside Walk Thetford Norfolk IP24 2BB

Lloyds TSB 35 King Street Thetford Norfolk IP24 2AX

Page 3

Ube Chrlstian Fami Cèntre Trust Rè ort of the Trustees for the Year Ended 31 Ma 2023 Approved by order of the board of trustees on....... and si8ned on its behalf by: P A William5- Trustee Page 4

Independent Examiner's Report to the Trustees of Liberty Christian Family Centre Trust

Independent examiner's report to the trustees of Liberty Christian Family Centre Trust

I report to the charity trustees on my examination of the accounts of Liberty Christian Family Centre Trust (the Trust) for the year ended 31 May 2023.

Responsibilities and basis of report

As the charity 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust 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 requirementsconcerning 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 examination.

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.

James Knights ACA

Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

Date: 27th March 2024

Page 5

Liberty Christian Family Centre Trust

Statement of Financial Activities for the Year Ended 31 May 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
43,563
Grants income
Charitable activities and support costs
-
Other trading activities
3
1,548
Investment income
4
11,981
Other income
-
Total
57,092
EXPENDITURE ON
Charitable activities
Charitable activities and support costs
76,011
NET INCOME/(EXPENDITURE)
(18,919)
Transfers between funds
16
27,395
Net movement in funds
8,476
RECONCILIATION OF FUNDS
Total funds brought forward
73,434
TOTAL FUNDS CARRIED FORWARD
81,910		 Restricted
funds
£
28,329
101,234
-
6
-
129,569
50,845
78,724
(27,395)
51,329
250,218
301,547		 2023
Total
funds
£
71,892
101,234
1,548
11,987
-
186,661
126,856
59,805
-
59,805
323,652
383,457		 2022
Total
funds
£
75,358
55,419
322
7,240
484
138,823
106,882
31,941
-
31,941
291,711
323,652

The notes form part of these financial statements

Page 6

Ube 'Christlan FarnS1 Centre Trust Balance Sheet 31Ma 2023 2023 2022 Notes FIXED ASSETS Tangible asset5 ID 390,178 384.597 CURRENT ASSErs Debtors.. amounts falling due within one year Cash at bank li 1.066 84.578 940 35,291 36,231 CRED￿oR5 Arnounts falling due within one year 12 17,8391 17,2611 CURRENT ASSETS 77005 28,970 TOTAL ASSETS LESS CURRENT LIABIL￿lEs 467,983 413.567 CREDITORS Amounts falling due after more than one year 13 184,5261 189,9151 NET ASSETS 383,457 323,652 FUNDS Unrestricted funds Restricted funds 16 81.910 301.547 73,434 250,218 TOTAL FUNDS 383A57 323,652 The financial statement5 were approved by the Board of Trustees and authorised for issue ..2.(?l...Tr.-N /..a4.. and were signed on its behalf by.. on P A Williarns- Trustee T A Garrod - Trustee M S Lowe- Trustee The notes form part of these flnancial statement5 Page 7

Liberty Christian Family Centre Trust

Notes to the Financial Statements for the Year Ended 31 May 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

These financial statements are the first for the charity that comply with FRS 102 and the provisions for small entities. The date of transition is 1 June 2015. The transition has resulted in an alignment of accounting policies to those required in the adoption of FRS 102. This change has no impact on these financial statements.

The presentational currency of these financial statements is pounds sterling (£), rounded to whole pounds.

Going concern

The trustees consider that no material uncertainties relating to events or conditions that may cast significant doubt upon the charity's ability to continue as a going concern exist. Therefore these financial statements are prepared on the going concern basis.

Financial instruments

Basic financial instruments are recognised at amortised cost, with changes recognised in the Statement of Financial Activities.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs represent the administrative costs incurred by the Charity during the year, all other expenditure is 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 write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance

The freehold property is held at cost with no depreciation provided. Deprecation has not been charged as the property has an underlying value considered by the trustees to be equal or in excess of this cost. The building is being kept in good condition and therefore it is not considered appropriate to depreciate the freehold property.

The charity capitalises items where the individual cost exceeds £150.

Taxation

The charity is exempt from tax on its charitable activities.

continued...

Page 8

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted 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:

Building Fund

For the purposes of renovating (including upkeep, improvements and running costs), equipping, purchasing or renting full time premises for Liberty Christian Family Centre Trust. This fund accrued until suitable premises were found. In May 2021 the charity purchased a property and the remaining funds will be used inline with the objectives to renovate and maintain it.

Foodbank Fund

For the running of Thetford Foodbank, including wages, volunteer expenses, equipment, storage, utilities for Foodbank centres and any other cost directly incurred by the charity for providing Thetford Foodbank to the community.

Energybank Fund

For the provision of energy vouchers to assist members of the community with their utility bills.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Event income
4.
INVESTMENT INCOME
Hub hire
Bank interest received		 2023
£
71,892
2023
£
1,548
2023
£
11,981
6
11,987		 2022
£
75,358
2022
£
322
2022
£
7,240
-
7,240

continued...

Page 9

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

5. TRUSTEES' REMUNERATION AND BENEFITS

2023 2022
£ £
Mr P A Williams (Trustee)
Remuneration 31,745 29,601
Employer's pension contributions 952 897
Wife of Trustee
Remuneration 17,896 8,507
Employer's pension contributions 551 447

These payments were made for the individual's roles as Pastor and Youth Pastor respectively.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.

6. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Pastors
No employees received emoluments in excess of £60,000.		 2023
£
53,307
76
1,599
54,982
2023
2		 2022
£
49,629
197
1,504
51,330
2022
2

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
43,636
Grants income
Charitable activities and support costs
5,087
Other trading activities
322
Investment income
7,240
Other income
484
Total
56,769		 Restricted
funds
£
31,722
50,332
-
-
-
82,054		 Total
funds
£
75,358
55,419
322
7,240
484
138,823

EXPENDITURE ON

continued...

Page 10

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
Charitable activities
Charitable activities and support costs
71,868
NET INCOME/(EXPENDITURE)
(15,099)
Transfers between funds
34,349
Net movement in funds
19,250
RECONCILIATION OF FUNDS
Total funds brought forward
54,184
TOTAL FUNDS CARRIED FORWARD
73,434
8.
INDEPENDENT EXAMINER'S FEES
Fees for Independent Examination		 7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
Charitable activities
Charitable activities and support costs
71,868
NET INCOME/(EXPENDITURE)
(15,099)
Transfers between funds
34,349
Net movement in funds
19,250
RECONCILIATION OF FUNDS
Total funds brought forward
54,184
TOTAL FUNDS CARRIED FORWARD
73,434
8.
INDEPENDENT EXAMINER'S FEES
Fees for Independent Examination		 7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
Charitable activities
Charitable activities and support costs
71,868
NET INCOME/(EXPENDITURE)
(15,099)
Transfers between funds
34,349
Net movement in funds
19,250
RECONCILIATION OF FUNDS
Total funds brought forward
54,184
TOTAL FUNDS CARRIED FORWARD
73,434
8.
INDEPENDENT EXAMINER'S FEES
Fees for Independent Examination		 Restricted
funds
£
35,014
47,040
(34,349)
12,691
237,527
250,218		 Restricted
funds
£
35,014
47,040
(34,349)
12,691
237,527
250,218		 Total
funds
£
106,882
31,941
-
31,941
291,711
323,652
2023 2022
£ £
1,560 1,685

9. DEFINED CONTRIBUTION PLANS

Total employee and employer contributions of £3,731 were recognised in the SoFA during the year (2022: £3,509). These costs are paid from the general fund.

10. TANGIBLE FIXED ASSETS

COST
At 1 June 2022
Additions
At 31 May 2023
DEPRECIATION
At 1 June 2022
Charge for year
At 31 May 2023
NET BOOK VALUE
At 31 May 2023
At 31 May 2022		 Freehold
property
£
336,894
6,081
342,975
-
-
-
342,975
336,894		 Plant and
machinery
£
97,356
6,735
104,091
49,653
7,235
56,888
47,203
47,703		 Totals
£
434,250
12,816
447,066
49,653
7,235
56,888
390,178
384,597

Freehold property includes the purchase of the The Hub for £330,000.

continued...

Page 11

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

10. TANGIBLE FIXED ASSETS - continued

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 activity, with consideration to the purpose and restriction on those funds. This ensures that any capital appreciation is maintained for each of these funds should it ever be realised 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.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Other creditors
Accruals
13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 14)
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal		 2023
£
1,066
2023
£
5,388
766
1,685
7,839
2023
£
84,526
2023
£
5,388
5,607
18,230
60,689		 2022
£
940
2022
£
5,177
399
1,685
7,261
2022
£
89,915		 2022
£
940
2022
£
5,177
399
1,685
7,261
2022
£
5,177
5,388
17,517
67,010

The Charity has been provided a loan with a 15 year term at 4% interest rates, which commenced17 May 2021 for the purchase of the freehold property.

continued...

Page 12

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
fund
£
Fixed assets
156,215
Current assets
18,060
Current liabilities
(7,839)
Long term liabilities
(84,526)
81,910
16.
MOVEMENT IN FUNDS
At 1.6.22
£
Unrestricted funds
General fund
73,434
Restricted funds
Building fund
135,324
Foodbank
108,894
ENERGYBANK
6,000
250,218
TOTAL FUNDS
323,652
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 Restricted
funds
£
233,963
67,584
-
-
301,547
Net
movement
in funds
£
(18,919)
1,004
79,720
(2,000)
78,724
59,805
Incoming
resources
£
57,092
5,839
118,730
5,000
129,569
186,661		 2023
2022
Total
Total
funds
funds
£
£
390,178
384,597
85,644
36,231
(7,839)
(7,261)
(84,526)
(89,915)
383,457
323,652
Transfers
between
At
funds
31.5.23
£
£
27,395
81,910
1,934
138,262
(29,329)
159,285
-
4,000
(27,395)
301,547
-
383,457
Resources
Movement
expended
in funds
£
£
(76,011)
(18,919)
(4,835)
1,004
(39,010)
79,720
(7,000)
(2,000)
(50,845)
78,724
(126,856)
59,805

continued...

Page 13

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.6.21
£
Unrestricted funds
General fund
54,184
Restricted funds
Building fund
130,099
Foodbank
100,428
ENERGYBANK
7,000
237,527
TOTAL FUNDS
291,711
Comparative net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 Net
movement
in funds
£
(15,099)
9,574
38,466
(1,000)
47,040
31,941
follows:
Incoming
resources
£
56,769
9,897
72,157
-
82,054
138,823		 Transfers
between
At
funds
31.5.22
£
£
34,349
73,434
(4,349)
135,324
(30,000)
108,894
-
6,000
(34,349)
250,218
-
323,652
Resources
Movement
expended
in funds
£
£
(71,868)
(15,099)
(323)
9,574
(33,691)
38,466
(1,000)
(1,000)
(35,014)
47,040
(106,882)
31,941

continued...

Page 14

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 At 1.6.21
£
54,184
130,099
100,428
7,000
237,527
291,711		 Net
movement
in funds
£
(34,018)
10,578
118,186
(3,000)
125,764
91,746		 Transfers
between
funds
£
61,744
(2,415)
(59,329)
-
(61,744)
-		 At
31.5.23
£
81,910
138,262
159,285
4,000
301,547
383,457

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 Incoming
resources
£
113,861
15,736
190,887
5,000
211,623
325,484		 Resources
Movement
expended
in funds
£
£
(147,879)
(34,018)
(5,158)
10,578
(72,701)
118,186
(8,000)
(3,000)
(85,859)
125,764
(233,738)
91,746

Transfers between funds

The Trustees agreed a transfer between the Building Fund and the Foodbank Fund of £30,000. This ensured that the charity could complete on the purchase of the property inline with the objectives of the fund, being to purchase a building for the overall benifit of the charitable activities.

The charity had applied for a grant from the Trussell Trust for £30,000 in relation to the capital purchase for the Foodbank activity.This had yet to be received at completion 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.

continued...

Page 15

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2023

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.

Page 16

Liberty Christian Family Centre Trust

Detailed Statement of Financial Activities
for the Year Ended 31 May 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Event income
Investment income
Hub hire
Bank interest received
Grants Income
Grants
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Charitable activities
Pastors' wages (75%)
Social security
Pensions
Light and heat
Printing and stationery
Miscellaneous expenses
Hire of venue
Ministry expenses
Edge youth club and VIBE
Van costs
Band equipment
Appreciation gifts
Food bank room hire & storage
Foodbank supplies and equipment
Training/volunteer
Events - Flourish
Energy bank expenses
The Hub - Refurbishment and decoration
Repairs and maintenance
Financial incursion project cost
Depreciation of tangible fixed assets
Carried forward		 2023
£
71,892
1,548
11,981
6
11,987
101,234
-
186,661
39,980
57
1,199
3,118
571
811
-
459
1,543
348
1,173
560
100
2,475
1,838
3,735
7,000
12,127
-
19,762
7,235
104,091		 2022
£
75,358
322
7,240
-
7,240
55,419
484
138,823
37,222
148
1,128
2,642
334
1,921
423
35
996
1,154
2,620
839
600
2,173
466
1,050
1,000
21,569
1,990
-
7,378
85,688

This page does not form part of the statutory financial statements

Page 17

Liberty Christian Family Centre Trust

Charitable activities
Brought forward
Bank loan interest
Support costs
Governance costs
Wages
Social security
Pensions
Computer costs
Insurance
Licences
Telephone
Postage and stationery
Accountancy and legal fees
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 May 2023		 2023
£
104,091
4,427
108,518
13,327
19
400
564
1,036
489
554
389
1,560
18,338
126,856
59,805		 2022
£
85,688
3,978
89,666
12,407
49
376
423
1,113
601
468
94
1,685
17,216
106,882
31,941

This page does not form part of the statutory financial statements

Page 18