**`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:
```
- `Expanding` **`HubYouth`** `into a bi-weekly program, increasing opportunities for engagement through: o` **`HubYouth Hangouts`** `- regular social spaces for young people.` **`HubYouth Special Events`** `- themed activity nights providing opportunities for fun, learning, and`
- `o growth.` **`HubYouth Nights`** `- we plan to build upon our HubYouth Conf pilot by planning quarterly regional`
- `o youth gatherings, bringing together young people from various groups across the region.`
- `Developing the` **`OLM program`** `to mobilize foodbank users and volunteers in local advocacy efforts.` **`Hosting Elemental`** `, our first-ever men's conference, following the success of the Flourish Women's`
- **`-`** `Conference.`
## **`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 DAlls
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 ASss
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
```