**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