Reglstered Charrty No". 1092469 Llving Stones Chrlstian Life and Madia Cenire Trustees, Report and Financlal Statemenls 30 Aprfl 2024 Living Stones Christlan Life and Medla Cenlrg 30 April 2024 Conlents Pages Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activiti8S Balance Sheet Notes to the Accounts 7-12 Living Stones Chrlstlan Life and Mèdia Centre Trustees, Annual Report for tha year ended 30 Aprll 2024 The Trustees present their report and accounts for the year ended 30 Aprfl 2024. Reference and Admlnlslrative Informatlon Living Stones Christlan Life and Media Centre was constituted by a Trust De@d on the 4 April 2002 which was amended by a Deed of Variatlon on 20 May 2002 and by a further Deed of Variation on 29 October 2018. The Trust 18 registered with the Charity Commlssioners No. 1092469. Llving Stones Christian Life and Media Centre is 81so known as The Livlng Stones of Bimiingham. The main address for contacts is:_ Unit 1, Tamebridge Industrial Estate Aldridge Road Perry Barr Birmingham B42 2TX Bankers. Lloyds Bank Walthamstow Branch PO Box 1000 BX1 1LT The Trustees at 30 April 2024 were:_ G du Plessis J M Lennox N Lennox S Mutsanga (appointed on 1 May 2023) J Adegoke (appointed on 1 May 2023) G du Plessis is the Chair of the Charity. Structure, Governance and Managgment The governing document which also acts as the constitLrtion is the Trust Deed dated 4 April 2002 as amended. Trustees are appointed by resolution of the Trustees provided they sign a Declaration of Willingness to act as a Trustee and a statement that he or she will adh6re to the faith for the time belng promoted by the Charity. Trustees are recruited frorn the congregation, olher ministries or recommended by an existing Trustee. New Trustees must be practising Christians, of moral fibre and integrity and support strong family values. Livlng Stones Christian Life and Media Centre Trustees, Annual Report for the year ended 30 April 2024 (Continued) ObJectiv65 and Activities The objects of the Charlty are: the establishment of Christian fellowship meetings., the establishment of Christian teaching classes and to distribute Christian teaching materl81' the promotion of Christian evangelistic events and Ilterature; the promotion and support of internatlonal Christian rninistries and events; the production and distribution of creativ@ Chrlstian media. (iv) (v) The Charity continued wlth its objectives, to gather und8rone roof for Sunday meetings as well as smaller weekly meetings and so. was able to advance with in person fellowshlp meetings as well as online SOGial platft)rm meetings to ensure that the objectives of th8 Charity could best be carried out. Small group meetings operate durlng the week included a safe space for the congregation and the general public, to meet In a relaxed environment where they could receive support for grief, loneliness, anxiety and other ernotional challenges. Various other meetings conlinue, in person and via social media, with in-depth training for men, women, youth and farnilies in general. The Charity continued to partner with other like-minded organls8tions to assist with the provision and distribution of food and clothes into the local community. The Charity was still accessible to assist with online awareness of community issues and able to use social media platfomis to promote Christian lifestyle and to encourage harmony amongst diverse cultur@s found in Birmingham. The Charity continued to support OV6rseas missions as well as local charlties. Whilst undertaking the above-m8ntioned 8ctivilies the Trustees had due regard to guidance published by the Charity Commission on public benefit issues. Achievements and Performance During year the Charity has continued to achieve its objectives providing signlficant benefits to the congregation and within the local area. In October 2023 the Charity opened a panty to provlde families and individuals with a choice of food and household items to purchase for a small donation. Financial Review The Charity receives donations which are then utllised in achieving the objects of the Charity. During the year ended 30 April 2024. the Charity received donations and Glft Aid Claims amounting to £250,271 (2023 - £235,844} of which £262,478 (2023 - £258,353) was spent in pursuit of the Charity's objectives. At 30 April 2024, the Unrestricted Funds were £1,963 (2023 £949). At 30 April 2024, the Restricted Funds held were £7,081 {2023 - £20,302). Living Stones Chrlstian Llfe and Media Centre rrustee$' Annual Report for the year bnded 30 Aprll 2024 {Contlnu6d) Reserves PoliGy The Trustèes conslder that the funds within th8 Charfty should be at a16vel to COV8r operational costs for at least 4 months, At present, the Charity's reserves are 8qLilv8lént to less than 1 months operatlonal costs. The Trustees aro strivlng to incre8Sè th8 charity's reservo levèls and the charity continues to oparate during 2024. The reserves are n8@ded to brldge the funding gap belween spendlng on thg Charftls overtheads aiid the rec8lpt of new funds, The reserves Include oash at bank. Th8 Trustees monltorth8 cash lev8ls on a regular b8sIs, Trustees, Rèsponslbilitie8 The Truste8s are responsibl6 for preparlng tha TnJst6as' Annual Report and th6 financlal statements in accordan￿ wlth applicable law and Unlted Klngdom Accountlng Standards (UnFted Kingdom Generally Accepted Aocouriting Practice). The law appllGab18 to Charltles In England & Wales requires thè Tru8t6es to prepare financlal statem8nls for each finanolal year whlch 9iVg a true and fair view of the slate of affairs of the Charity and of the incoming resourcos and applic8tion of resources of the Charity forthat period. In preparlng these finanGial stataments the Trustees are required to.'- select Suilable Accountlng pollcles and then apply them GOn￿StentlY. obsèrve th@ meth(yJ8 and principles in the Charltles SORP 2019 (FRS 1021; mako Judg¢me.nts and estimates that reasonable and prudent; ststo wheth6r applicable accounting starKlards have been followed, subjeGt to any materlal d8partures disclosed and explained In tlie financial statements,, prepare the finaiicial statements on the going concom basls unl88S it is inapproprlate to presume th 2,171 (5,300) {2,330) (7,650) {3,811) 3,811 1,000 240 712 120 1,004 1,000 (240) 712 1,474 1.294 430 1,360 290 13,291 (6> (9,887) (2,974> 20,302 19.097 (21,468} {10,850) 7,081 Total Funds 21,251 250,271 (262,478) 9,044 Living Stones Chrlstian Llfe and Medla Cantre Notes to the Accounts - 30 April 2024 10 stalemfrnt of Funds (Continued) Unrestiicted Funds represents free funds of the Charity whlch are not designated for particular purposes. The Building Fund represents monies donated towards improvements made to the leasehold premises at Tam6brfdge Industrial Estate. The Youth Fund represents monies donated for youth meetings to teach lif& skllls and for fun events. Youth Community Project is a grant awarded to provide creative wod(shop activitles for youth and provide a safe place for the young to share concerns, express aims, ambrtions and gain mentoring support in areas of particular interest. Ezra Project represents monies donat8d specifically for the use in funding a rural school in Nigeria, the Charity support includes the provision of literacy and teaching aids plus funds donated towards building a perimeter wall 8round the school. Esther Projects represents monles donated to eduGate and practically support young ladies in remote and rural areas of Ihe world. The support covers issues related to feminin8 hygiene and adolesc8nce, schooling relatlonships and early marriage. The project also fights against genltal mutilation and other customs which are detrimental to the physical and emotional well-being of young ladies. Family Fund represents monies donated which is to be used by families who require a small, short term loan. The loans will be on an interest free basis. Additional monies have also been donated to famllies in need and on the discretion of the Trustees, those monies are not due for repayment Benevolent Fund represents monles donated towards assisting families financially when they have lost loved ones. Cost of Living Fund represents monies donated towards basic living essentials which are dlstribut&d as needed. The Charity have found that as there are specific cost of living or health needs of some people, it is best to then provide them with a tailored support to meet those needs. Reclpients in need of support are assessed, an agreed plan put in pla￿ and where possible, an appropriate VOUGher or gift card is provided. Widows and Orphans Fund repres&nts monies donated to help support widows and orphans in the Church as well as those who we locate in the local community. Thls can be by purchasing food or any item that they may need or can be giving them vouchers or cash. The Pantry Fund represents monies received in the form of grants and donations to cover the pantry running costs and to purchase essential household supplies to support people in all walks of life in our local community. Llvlng Stones Christian Life and Media Centre Notes to the Accounts - 30 April 2024 10 Statement of Funds (Contlnued) The Trustees have confimied that the following funds no longer form part of the restricted funds and can be released into the unr8stricted funds in order to fund other charitable aGtivities. Hope Allve Fund Safe House Fund 11 Analysls of Net Assets belween Funds 2024 Restrlcted U nr8strlct8d Tolal Funds Funds Funds 2023 Total Funds Tangible fixed assets Debtors and prepayments Cash at bank and in hand Current liabilitles 13,928 10,078 5,627 (27,670) 13,928 10,078 12,708 (27,670) 12,539 10,365 32,296 (33,949) 7,081 Total assets 7,081 1.963 9,044 21,251 12 Related Party Transactions During the year the Charity reGeived donations from the Trustees amounting to £19,669 (2023 - £21,103). 13 Control The Charity was under the control of the Trustees throughout the current and previous year,