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← Liberty Christian Family Centre Trust

2024-05-31-accounts

REGISTERED CHARITY NUMBER: 1090802

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

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 2024
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 2024

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31May2024. The
trusteeshaveadoptedtheprovisionsof AccountingandReportingbyCharities:Statementof Recommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Charitable objectives and aims

The object of the charityis to advance the Christianfaith in the county of Norfolk and in such other parts of the  United
Kingdomortheworldasthetrusteesmayfromtimetotimethinkfitandtofulfilsuchotherpurposeswhich are
exclusivelycharitableaccordingtothelawofEnglandandWalesandareconnectedwiththecharitableworkof the
trust.Alsotorelievepersonswhoareinconditionsofneedorhardshiporwhoareagedorsickandtorelieve the
distress caused thereby in the said locationand in such other parts of the United Kingdom or the world as the  Trustees
may from time to time think fit.

Public benefit

TheTrusteesconsiderthattheyhavecompliedwiththedutyregardingPublicBenefitasdetailedinsection4of the
Charities Act, having due regard to guidance published by the Charity Commission.

Liberty Christian Family Centre, operating as a Church since June 4, 2000, has evolved from a small group into a  thriving
communityChurch.Ourcommitmenttothecommunityisdemonstratedthroughcontemporaryservices, children's
programs, youth work, and successful communityevents, plus our extensive work in emergency food provision and the
reliefofpoverty.Weextendoursupporttothosefacinghardshipandactivelycontributetotheadvancementof the
Christian Faith.

While sustainingour operationswith one full-time pastor and a part-timefoodbank/communityworker, we  appreciate
the invaluable contribution of our dedicated volunteers.

Wecontinueourcharitabledonationstoorganizationslike"compassion"andmaintainanannualsubscription to
Thetford Christians Together.

Page 1

Liberty Christian Family Centre Trust

Report of the Trustees for the Year Ended 31 May 2024

ACHIEVEMENT AND PERFORMANCE

Charitable Activities

LibertyChristianFamilyCentreTrusthasbeenrunningThetfordFoodbanksince2011,servingThetford,Watton, and
Attleborough.Over the past year, the foodbankhas continuedto experience high demand, with usage levels remaining
significantlyabovepre-pandemiclevels.Inresponse,wehaveexpandedoursupportservicesandstrengthened our
efforts to address the underlying causes of food poverty in our community.

Foodbank and Poverty Relief Work

ThetfordFoodbankremainsa cornerstoneof ourcharitablework,providingemergencyfoodandessential household
itemstoindividualsandfamiliesfacingcrisis.Thispastyearhasseenasustainedincreaseinfoodbankuse, with
thousandsoffoodparcelsdistributed.OurEnergyBankservicecontinuestosupportthosestrugglingwith utilities,
offering credit codes for "pay-as-you-go" gas and electricity meters.

Thankstoongoingfinancialdonationsandgrants,wehavebeenabletomaintainandexpandourservices.All funds
designatedforfoodbankoperationsareallocatedtofoodprovision,volunteersupport,propertycosts,and essential
runningexpenses.AsaTrussellTrustfoodbank,weremaincommittedtoreducingtheneedforemergency food
provision by tackling its root causes.

Buildingon the success of last year's initiatives,we have continuedour partnershipwith CitizensAdvice, ensuring their
workersarepresentinallourfoodbankcentrestoofferdirectsupportandguidancetofoodbankusers.In addition,
our YouTube channel "Hublife" has grown in reach, producing ongoing content aimed at highlightingthe causes of  food
povertyandengagingkeystakeholdersfromthecharitysector,localgovernment,andbusinessesin meaningful
discussions.

Lookingforward,we planto launchanOrganiserandLocalMobilisation(OLM)programme.Thisinitiativewill engage
foodbankusersandvolunteersingrassrootscampaigning,advocatingforchangeonlocalissuescontributingto food
poverty.

Youth and Community Work

Over the past year,our youthwork has continuedto engage and supportyoungpeople throughHubYouth, which  has
maintaineditsroleasaspaceforsocialconnectionandpersonaldevelopment.Our"HubYouthMiniConf"was a
success with 4 different groups attending.

Wehavealsomaintainedstrongpartnershipswithlocalorganizations,includingPulseCafé,ayouthinitiativerun in
collaborationwith Youth for Christ and ThetfordChristiansTogether.Additionally,The Hub continuesto support small
businesses,localgroups,andothercommunityinitiativesbyprovidingaspaceformeetingsandactivities,helping to
sustain the running costs of the facility.

Faith and Worship Activities

LibertyChristianFamilyCentrecontinuestooperateasaplaceofworshipandcommunityoutreach.Our Sunday
services,children'sprogramIgnite, and small group networkremainintegralpartsof our work. The Flourish Women's
Conferencehas continuedto grow, bringingtogetherwomen from across the region for a time of encouragement and
community.ThesuccessofFlourishhasinspiredustoexpandourconferenceofferingswiththelaunchofElemental
this year.

Ourvisionremainstoprovidebothpracticalsupportandspiritualencouragementtothoseinneed,ensuringthat we
serve our community in a way that is both compassionate and impactful.

FINANCIAL REVIEW

Financial position

Attheyearendthecharityhadtotalreservesof£391,090(2023:£383,457).Reservesavailableforgeneral charitable
purposeswere£4,167(2023:(£16,575)).Theaccountsshowthecharityhadnetincomingresourcesfortheyear of
£7,633 (2023: £59,805).

Page 2

Liberty Christian Family Centre Trust

Report of the Trustees for the Year Ended 31 May 2024

FINANCIAL REVIEW

Reserves policies

Due to the factthe charity'sincomeis variableandbasedon donations,the charity'spoliciesare firstlyto allowup to
six monthsof runningcoststo accruein the mainaccountandsecondlyto allowcontinualaccumulationof donations
in the Building Fund to contribute towards the cost of purchasing and renovating our own building in the future.

PLANS FOR THE YEAR AHEAD

As we look to 2025, our plans include:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charityis registered by The Charity Commissionersfor Englandand Wales. The charity'sobjects 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

Page 3

Llbert Chrlstlan Famil Centre Trust Re ort of the Trustees for the Year Ended 31 Ma 2024 REFERENCE AND ADMINISTRATIVE D￿Alls Bankers Nationwide Buildlng Soclety 21 Riverslde Walk Thetford Norfolk IP24 2BB Lloyds TSB 35 Klng Street Thetford Norfolk IP24 2AX STATEMENT OF TRUSTEE5' RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the flnancial statements in accordance wlth applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charltles Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year whlch glve a true and fair view of the state of affairs of the charity and of the Incomlng resources and application of resources, Including the Income and expenditure, of the charity for that period. In preparlng those financlal statements, the trustees are requlred to select Sultable accounting policies and then apply them con5iStentlyi observe the methods and prlnclples In the Charity SORP; make judgements and estlmates that are reasonable and prudent: Prepare the flnancial statements on the going concern basls unless It Is Inapproprlate to presume that the charltv will continue in businÈs5. The trustees are responslble for keeping proper accounting records which disclose with reasonable accuracy at any time the flnancial posltion of the charity and to enable them to ensure that the financlal statement5 comply wlth the Charities Act 2011, the Charity (Accounts and Reports) Reeulatlons 2008 and the provislons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detectlon of fraud and other Irregularities. Approved by order of the board of trustee5 On..............., and signed on its behalf by- P A Wllliam5 - 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 2024.

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 requirements concerning 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: 4 March 2025

Page 5

Liberty Christian Family Centre Trust

Statement of Financial Activities

for the Year Ended 31 May 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
50,534
Grants income
Charitable activities and support costs
-
Other trading activities
3
2,082
Investment income
4
13,118
Total
65,734
EXPENDITURE ON
Charitable activities
Charitable activities and support costs
50,003
NET INCOME/(EXPENDITURE)
15,731
Transfers between funds
16
(4,571)
Net movement in funds
11,160
RECONCILIATION OF FUNDS
Total funds brought forward
139,639
TOTAL FUNDS CARRIED FORWARD
150,799		 Restricted
funds
£
27,395
82,235
-
25
109,655
117,753
(8,098)
4,571
(3,527)
243,818
240,291		 2024
Total
funds
£
77,929
82,235
2,082
13,143
175,389
167,756
7,633
-
7,633
383,457
391,090		 2023
Total
funds
£
71,893
101,234
1,548
11,987
186,662
126,857
59,805
-
59,805
323,652
383,457 
The notes form part of these financial statements

Page 6

Libert Christian Famil Centre Trust Balance Sheet 31Ma 2024 2024 2023 Notes FIXED ASSETS Tangible assets io 388,101 390,178 CURRENT ASs￿s Debtors- amounts falling due within one year Cash at bank li 1,214 79,333 1,066 84,578 80,547 85,644 CREDITORS Amount5 falling due wlthln one year 12 16,996} 17,8391 NET CURRENT ASSETS 73,551 77,805 TOTAL ASSETS LESS CURRENT LIABILITIES 461,652 467,983 CREDITORS Amounts falling due after more than one year 13 170.5621 (84,5261 NET ASSETS 391,090 383,457 FUNDS Unrestricted fund5 Restrlcted funds 16 150,798 240,292 139,639 243,818 TOTAL FUNDS 391,090 383,457 The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue Ol/. 03/.￿...... and were sl8ned on Its behalf by: on P A Wllllams - Trustee T A Garrod - Trustee M S Lowe- Trustee The notes form part of these financial statements Page 7

Liberty Christian Family Centre Trust

Notes to the Financial Statements for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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

Going concern

Thetrusteesconsiderthatnomaterialuncertaintiesrelatingtoeventsorconditionsthatmaycast significant
doubtuponthecharity'sabilitytocontinueasa goingconcernexist.Thereforethesefinancialstatements are
prepared on the going concern basis.

Financial instruments

Basicfinancialinstrumentsarerecognisedatamortisedcost,withchangesrecognisedintheStatement of
Financial Activities.

Income

All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Governance costs

GovernancecostsrepresenttheadministrativecostsincurredbytheCharityduringtheyear,all other
expenditure is incurred in respect of the work done by the Charity in the community.

Tangible fixed assets

Depreciationis providedat the followingannualratesin order to write off each assetover its estimated useful
life.

Plant and machinery- 15% on reducing balance

The freeholdpropertyis heldatcostwithno depreciationprovided.Deprecationhasnotbeenchargedas the
propertyhas an underlyingvalue consideredby the trustees to be equal or in excess of this cost. The building is
beingkeptingoodconditionandthereforeitisnotconsideredappropriatetodepreciatethe freehold
property.

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

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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

continued...

Page 8

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe 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 thepurposesof renovating(includingupkeep,improvementsandrunningcosts),equipping,purchasing or
rentingfulltimepremisesforLibertyChristianFamilyCentreTrust.Thisfundaccrueduntilsuitable premises
were found. In May 2021 the charity purchaseda property and the remaining funds will be usedinline with the
objectives to renovate and maintain it.

Foodbank Fund

FortherunningofThetfordFoodbank,includingwages,volunteerexpenses,equipment,storage,utilities for
FoodbankcentresandanyothercostdirectlyincurredbythecharityforprovidingThetfordFoodbankto 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

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'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		 2024
£
77,929
2024
£
2,082
2024
£
13,118
25
13,143		 2023
£
71,893
2023
£
1,548
2023
£
11,981
6
11,987 
continued...

Page 9

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' salaries
Trustees' social security
Trustees' pensions paid		 2024
£
34,250
211
1,028
35,489		 2023
£
32,307
76
969
33,352 
These payments were made for the individual's role as Pastor.

Trustees' expenses

There were no expenses paid to, or other transactions with, any Trustee in this or the prior year.

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
Community workers
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
43,564
Grants income
Charitable activities and support costs
-
Other trading activities
1,548
Investment income
11,981
Total
57,093
EXPENDITURE ON
Charitable activities
Charitable activities and support costs
76,012		 2024
£
57,001
211
683
57,895
2024
1
1
2
Restricted
funds
£
28,329
101,234
-
6
129,569
50,845		 2023
£
53,307
76
631
54,014
2023
2
-
2
Total
funds
£
71,893
101,234
1,548
11,987
186,662
126,857

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 10

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		 7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		 7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME/(EXPENDITURE)
(18,919)
Transfers between funds
85,124
Net movement in funds
66,205
RECONCILIATION OF FUNDS
Total funds brought forward
73,434
TOTAL FUNDS CARRIED FORWARD
139,639
8.
INDEPENDENT EXAMINER'S FEES
Fees for Independent Examination		 Restricted
funds
£
78,724
(85,124)
(6,400)
250,218
243,818		 Total
funds
£
59,805
-
59,805
323,652
383,457
2024 2023
£ £
1,435 1,560

9. DEFINED CONTRIBUTION PLANS

Totalemployeeandemployercontributionsof£3,991wererecognisedintheSoFAduringtheyear (2023:
£3,732). These costs are paid from the general fund.

10. TANGIBLE FIXED ASSETS

COST
At 1 June 2023
Additions
At 31 May 2024
DEPRECIATION
At 1 June 2023
Charge for year
At 31 May 2024
NET BOOK VALUE
At 31 May 2024
At 31 May 2023		 Freehold
property
£
342,975
-
342,975
-
-
-
342,975
342,975		 Plant and
machinery
£
104,091
5,288
109,379
56,888
7,365
64,253
45,126
47,203		 Totals
£
447,066
5,288
452,354
56,888
7,365
64,253
388,101
390,178 
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 2024

10. TANGIBLE FIXED ASSETS - continued

The Hubhasbeenfundedfrom generalunrestrictedfundsandrestrictedfunds.Thissplithasbeen considered
bytheTrusteesandallocatedbasedontheuseofthebuildingbytherelevantfundoractivity, with
considerationtothepurposeandrestrictiononthosefunds.Thisensuresthatanycapitalappreciation is
maintained for each of these funds should it ever be realised in the future.

The allocation of funding for The Hub is as follows:
Fund
Building
Foodbank
General
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		 2024
2023		 2024
2023		 2024
2023
37.5% 37.5%
27.0% 25.0%
35.5% 37.5%
2024
£
1,214
2024
£
3,059
817
3,120
6,996
2024
£
70,562
2024
£
3,059
3,413
13,208
53,941		 2023
£
1,066
2023
£
5,388
766
1,685
7,839
2023
£
84,526
2023
£
5,388
5,607
18,230
60,689		 
continued...

Page 12

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

14. LOANS - continued

The Charityhas been provideda loan with a 15 year term at 4% interestrates, which commenced17 May  2021
for the purchase of the freehold property.

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
fund
£
Fixed assets
146,632
Current assets
27,980
Current liabilities
(4,763)
Long term liabilities
(19,051)
150,798
MOVEMENT IN FUNDS
At 1.6.23
£
Unrestricted funds
General fund
139,639
Restricted funds
Building fund
103,624
Foodbank
136,194
ENERGYBANK
4,000
243,818
TOTAL FUNDS
383,457		 Restricted
funds
£
241,469
52,567
(2,233)
(51,511)
240,292
Net
movement
in funds
£
15,730
(495)
(5,602)
(2,000)
(8,097)
7,633		 2024
Total
funds
£
388,101
80,547
(6,996)
(70,562)
391,090
Transfers
between
funds
£
(4,571)
(149)
4,720
-
4,571
-		 2023
Total
funds
£
390,178
85,644
(7,839)
(84,526)
383,457
At
31.5.24
£
150,798
102,980
135,312
2,000
240,292
391,090

16. MOVEMENT IN FUNDS

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
£
65,734
3,010
101,645
5,000
109,655
175,389		 Resources
Movement
expended
in funds
£
£
(50,004)
15,730
(3,505)
(495)
(107,247)
(5,602)
(7,000)
(2,000)
(117,752)
(8,097)
(167,756)
7,633		 
continued...

Page 13

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 At 1.6.22
£
73,434
135,324
108,894
6,000
250,218
323,652		 Net
movement
in funds
£
(18,919)
1,004
79,720
(2,000)
78,724
59,805		 Transfers
between
funds
£
85,124
(32,704)
(52,420)
-
(85,124)
-		 At
31.5.23
£
139,639
103,624
136,194
4,000
243,818
383,457 
Comparative 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
£
57,093
5,839
118,730
5,000
129,569
186,662		 Resources
Movement
expended
in funds
£
£
(76,012)
(18,919)
(4,835)
1,004
(39,010)
79,720
(7,000)
(2,000)
(50,845)
78,724
(126,857)
59,805		 
continued...

Page 14

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

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 1.6.22
£
73,434
135,324
108,894
6,000
250,218
323,652		 Net
movement
in funds
£
(3,189)
509
74,118
(4,000)
70,627
67,438		 Transfers
between
funds
£
80,553
(32,853)
(47,700)
-
(80,553)
-		 At
31.5.24
£
150,798
102,980
135,312
2,000
240,292
391,090 
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Building fund
Foodbank
ENERGYBANK
TOTAL FUNDS		 Incoming
resources
£
122,827
8,849
220,375
10,000
239,224
362,051		 Resources
Movement
expended
in funds
£
£
(126,016)
(3,189)
(8,340)
509
(146,257)
74,118
(14,000)
(4,000)
(168,597)
70,627
(294,613)
67,438

Transfers between funds

Transfers were made to reallocate the loan funding between the funds on the basis of usage.

continued...

Page 15

Liberty Christian Family Centre Trust

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

17. RELATED PARTY DISCLOSURES

2024 2023
£ £
Wife of Trustee
Remuneration 22,750 21,000
Employer's pension contributions 683 630 
These payments were made for the individual's role as a Community Worker.

There were no expenses paid to, or other transactions with, any Related Party in this or the prior year.

Page 16

Liberty Christian Family Centre Trust

Detailed Statement of Financial Activities for the Year Ended 31 May 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Event income
Investment income
Hub hire
Bank interest received
Grants Income
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Pastors' wages (75%)
Trustees' social security
Trustees' pensions paid
Wages
Pensions
Light and heat
Printing and stationery
Advertising
Miscellaneous expenses
Outreach expenses
Ministry expenses
Edge youth club and VIBE
Van and travelling 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
Financial inclusion project cost
Elemental
Cafe expenses
Carried forward		 2024
£
77,929
2,082
13,118
25
13,143
82,235
175,389
25,687
158
771
17,063
512
4,622
712
1,110
445
1,781
-
2,218
2,961
1,662
274
-
14,662
-
2,678
7,000
4,545
44,202
494
1,073
134,630		 2023
£
71,893
1,548
11,981
6
11,987
101,234
186,662
24,230
57
727
15,750
473
3,118
571
-
114
-
459
1,543
348
1,173
560
100
2,475
1,838
3,735
7,000
12,127
19,762
-
697
96,857		 
This page does not form part of the statutory financial statements

Page 17

Liberty Christian Family Centre Trust
Charitable activities
Brought forward
Depreciation of tangible fixed assets
Bank loan interest
Support costs
Governance costs
Trustees' salaries
Trustees' social security
Trustees' pensions paid
Wages
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 2024		 2024
£
134,630
7,365
6,231
148,226
8,563
53
257
5,688
171
598
1,176
528
-
1,061
1,435
19,530
167,756
7,633		 2023
£
96,857
7,235
4,427
108,519
8,077
19
242
5,250
158
564
1,036
489
554
389
1,560
18,338
126,857
59,805 
This page does not form part of the statutory financial statements

Page 18