Digitally Signed Document Document ID: 8C3A7B59D19D13
Document Details:
| Filename: |
Livingstones Final statutory accounts 2022.PDF |
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| Client of: |
A J Bennewith & Co |
Signature Details
| Name: |
Nigel Stevenson |
|
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| Email: |
nigelstevenson@accountant.com |
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| Date & Time: |
27/09/2023 10:44:05 AM (BST) |
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| IP Address: |
82.10.118.83 |
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| Signing Statement: |
Nigel Stevenson confirms that the information is
correct and complete to the best of their
knowledge and belief. |
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A J Bennewith & Co |
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REGISTERED COMPANY NUMBER: 04202300 (England and Wales)
REGISTERED CHARITY NUMBER: 1112325
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2022
for
Livingstones Christian Centre Limited
Bennewith 2018 Limited
t/a A J Bennewith & Co
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Livingstones Christian Centre Limited
Contents of the Financial Statements for the Year Ended 31 December 2022
|
|
Page |
|
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
5 |
to |
6 |
Notes to the Financial Statements |
7 |
to |
13 |
Livingstones Christian Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct2006,presenttheirreport with
the financialstatementsof the charityfor the year ended31 December2022. The trusteeshave adoptedthe provisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charities objects are:
a) The advancement of the Christian faith by the provision of a resource of material and support;
b) to be a resource for individuals and churches in the area by:
i. The sale of such books, CD's, cassettes, gifts and other products which comply with above;
ii. Supplying material that will assist with Christian education;
iii. Serving the community by providing a place of care and support
Public benefit
The trustees have had due regard to the guidance on public benefit published by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
The CharityprovidesChristianresources,gifts,artwork,craftsand cardsto encourageand provideChristianedification to
thecommunityinandaroundFleet.Thecharityusesitspremisestohostcommunityactivitiesthatsupportand provide
care for those in the community of Fleet and Church Crookham.
FromApril2022thecharitymovedintoafullyvolunteer-managedmodelandgoingforwardsthecharityno-longer has
anystaffsalarycosts.AllmembersoftheLivingStonescommunityareextremelyappreciativetothe4lead volunteers
and12 half-dayvolunteerswhomakethispossible.Dueto thesavingsin staffcostswe arenowableto regularly donate
money to other local charities that have objects that align with our own.
2022hasbeenayearinwhichwehaveseengrowingsuccessinbuildingandsupportinglocalcommunity.Wewere an
integralpart of the town'sactivitiesfor the QueensPlatinumJubileeas well as the local town ChristmasFestival. Through
therunningof workshops,anhonestycafé,an"ArtMonth"andhostingregulargroupmeetings,we havegrownthe use
madeofthecentrebythelocalcommunityandhavebeenbetterabletoexerciseourobjectof"careandsupport for
those in the community".
Booksalesare a decreasingpartof whatwe do, but an essentialserviceto thosewho makeuse of us for their resourcing
needs.Recognisingchangesin the marketplacefor musicand videosales,we now stock a very small selectionof CDs and
DVDs.Further,inrecognisingthewidespreadavailabilityofFairtradeproductsinsupermarkets,wenolongerstock and
sell Fairtrade products.
Postyearend,wehavesteppedupourregularsupportforFACCTS(FleetandCrookhamChurchesTogetherinSchools -
CharityNumber1094885),providingmeetingspaces,resourcesandfundsaspartofourcharitableobjectof "supplying
material that will assist with Christian Education".
FINANCIAL REVIEW
The results for the year are as set out in the annexed Statement of Financial Activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Theaffairsofthecompanyhavebeendirectedbyaboardofdirectors,whichmeetsregularlyforthispurpose. The
directors then delegate the day-to-day management to shop workers.
Page 1
Livingstones Christian Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04202300 (England and Wales)
Registered Charity number
1112325
Registered office
277 Fleet Road
Fleet
Hampshire
GU51 3BT
Trustees
N C Stevenson
M Mabin
S Hannington (resigned 30.4.22)
T Budd
T S Bateman
A McIlwaine (resigned 7.2.22)
S M Luff (appointed 26.4.22) (resigned 21.8.23)
E C Mabin
Company Secretary
N C Stevenson
Independent Examiner
A J Bennewith FCA, FCPA, FFA, FFTA, DChA, FRSA
Bennewith 2018 Limited
t/a A J Bennewith & Co
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
N C Stevenson - Trustee
Page 2
Independent Examiner's Report to the Trustees of Livingstones Christian Centre Limited
Independent examiner's report to the trustees of Livingstones Christian Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As thecharity'strusteesof theCompany(andalsoits directorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Bennewith FCA, FCPA, FFA, FFTA, DChA, FRSA
Bennewith 2018 Limited
t/a A J Bennewith & Co
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Date: .............................................
Page 3
Livingstones Christian Centre Limited
Statement of Financial Activities
for the Year Ended 31 December 2022
Unrestricted
Revaluation
fund
Reserve
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
13,925
-
Other trading activities
2
32,049
-
Investment income
3
42
-
Total
46,016
-
EXPENDITURE ON
Charitable activities
4
Direct charitable expenditure
46,988
3,473
NET INCOME/(EXPENDITURE)
(972)
(3,473)
RECONCILIATION OF FUNDS
Total funds brought forward
282,529
152,837
TOTAL FUNDS CARRIED
FORWARD
281,557
149,364 |
Restricted
funds
£
-
-
-
-
-
-
1,728
1,728 |
31.12.22
31.12.21
Total
Total
funds
funds
£
£
13,925
25,811
32,049
21,763
42
-
46,016
47,574
50,461
46,396
(4,445)
1,178
437,094
435,916
432,649
437,094 |
31.12.22
31.12.21
Total
Total
funds
funds
£
£
13,925
25,811
32,049
21,763
42
-
46,016
47,574
50,461
46,396
(4,445)
1,178
437,094
435,916
432,649
437,094 |
|
|
|
47,574 |
|
|
|
46,396 |
|
|
|
1,178
435,916 |
|
|
|
437,094 |
The notes form part of these financial statements
Page 4
Livingstones Christian Centre Limited
Balance Sheet
31 December 2022
Unrestricted
Revaluation
fund
Reserve
Notes
£
£
FIXED ASSETS
Tangible assets
9
247,978
149,364
CURRENT ASSETS
Stocks
10
7,450
-
Debtors
11
1,262
-
Prepayments and accrued
income
17
-
Cash at bank and in hand
28,024
-
36,753
-
CREDITORS
Amounts falling due within one
year
12
(3,174)
-
NET CURRENT ASSETS
33,579
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
281,557
149,364
NET ASSETS
281,557
149,364
FUNDS
13
Unrestricted funds:
General Fund
Revaluation Reserve
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
-
-
1,728
1,728
-
1,728
1,728
1,728 |
31.12.22
Total
funds
£
397,342
7,450
1,262
17
29,752
38,481
(3,174)
35,307
432,649
432,649
281,557
149,364
430,921
1,728
432,649 |
31.12.21
Total
funds
£
404,843
8,281
1,635
1,381
25,667
36,964
(4,713)
32,251
437,094
437,094
282,529
152,837 |
|
|
|
435,366 |
|
|
|
1,728 |
|
|
|
437,094 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 December 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 5
Livingstones Christian Centre Limited
Balance Sheet - continued
31 December 2022
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon .............................................
and were signed on its behalf by:
.............................................
N C Stevenson - Trustee
The notes form part of these financial statements
Page 6
Livingstones Christian Centre Limited
Notes to the Financial Statements
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,asmodifiedby the
revaluation of certain assets.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Freehold property- 2% on cost
Fixtures and fittings- 20% on reducing balance
Kitchen Equipment- 25% on reducing balance
Computer equipment- 50% on reducing balance
Depreciationofanassetbeginswhenitisbroughtintouse.Thelandelementoffreeholdpropertyis not
depreciated.
Stocks
Stocksarevaluedat thelowerof costandnetrealisablevalue,aftermakingdueallowanceforobsoleteand slow
moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. OTHER TRADING ACTIVITIES
2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
31.12.22 |
31.12.21 |
|
|
£ |
£ |
|
Shop income |
31,195 |
20,861 |
|
Art commission |
625 |
736 |
|
Event income |
229 |
166 |
|
|
32,049 |
21,763 |
3. |
INVESTMENT INCOME |
|
|
|
|
31.12.22 |
31.12.21 |
|
|
£ |
£ |
|
Deposit account interest |
42 |
- |
4. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Direct |
|
|
|
Costs |
|
|
|
£ |
|
Direct charitable expenditure |
|
50,461 |
Direct charitable expenditure
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Depreciation - owned assets |
7,609 |
7,616 |
Independent Examiner's fee for accountancy services |
1,000 |
1,000 |
Independent Examiner's fee for examination |
500 |
500 |
Amount of shop stock recognised as an expense |
24,624 |
15,137 |
Grants received: from central and local government |
- |
(11,247) |
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022norforthe year
ended 31 December 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.
continued...
Page 8
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
31.12.22 |
31.12.21 |
Managers |
1 |
1 |
Secretary |
- |
1 |
|
1 |
2 |
No employees received emoluments in excess of £60,000.
None of the staff is full time. In addition to the 1 part-time staff member, there are a number of volunteers.
Staff costs are analysed as follows:
2022
£
Gross wages
2,809
Employer's National Insurance
-
Pension costs
-
£2,809
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Revaluation
Restricted
fund
Reserve
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
25,811
-
-
Other trading activities
21,763
-
-
Total
47,574
-
-
EXPENDITURE ON
Charitable activities
Direct charitable expenditure
42,923
3,473
-
NET INCOME/(EXPENDITURE)
4,651
(3,473)
-
RECONCILIATION OF FUNDS
Total funds brought forward
277,878
156,310
1,728 |
2022 |
2022 |
2021 |
2021 |
|
£ |
|
£ |
|
|
2,809 |
|
12,991 |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
|
|
|
|
|
£2,809 |
|
£12,991 |
|
|
|
|
|
|
|
|
Restricted
funds
£
-
-
-
-
-
1,728 |
|
Total
funds
£
25,811
21,763 |
|
|
|
|
47,574 |
|
|
|
|
46,396 |
|
|
|
|
1,178
435,916 |
continued...
Page 9
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Revaluation
Restricted
fund
Reserve
funds
£
£
£
TOTAL FUNDS CARRIED FORWARD
282,529
152,837
1,728
9.
TANGIBLE FIXED ASSETS
Freehold
Office
property
equipment
£
£
COST
At 1 January 2022
442,957
1,194
Additions
-
108
At 31 December 2022
442,957
1,302
DEPRECIATION
At 1 January 2022
39,036
1,157
Charge for year
7,359
73
At 31 December 2022
46,395
1,230
NET BOOK VALUE
At 31 December 2022
396,562
72
At 31 December 2021
403,921
37
Kitchen
Computer
Equipment
equipment
£
£
COST
At 1 January 2022
820
705
Additions
-
-
At 31 December 2022
820
705
DEPRECIATION
At 1 January 2022
820
705
Charge for year
-
-
At 31 December 2022
820
705
NET BOOK VALUE
At 31 December 2022
-
-
At 31 December 2021
-
- |
Total
funds
£
437,094
Fixtures
and
fittings
£
4,463
-
4,463
3,578
177
3,755
708
885
Totals
£
450,139
108
450,247
45,296
7,609
52,905
397,342
404,843 |
Total
funds
£ |
|
|
437,094 |
continued...
Page 10
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
9. TANGIBLE FIXED ASSETS - continued
Thefreeholdpropertywasrevaluedin2016basedonanindependentvaluationbyHurstWarne Chartered
Surveyors.
The net book value for freeholdland and buildingswhich would have been recognisedat 31 December2022 if the
property had been carried at historical cost is £247,202 (2021: £251,087).
10. STOCKS
Finished goods
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
Unrestricted funds
General Fund
Revaluation Reserve
Restricted funds
Reserve Fund
TOTAL FUNDS |
At 1.1.22
£
282,529
152,837
435,366
1,728
437,094 |
31.12.22
£
7,450
31.12.22
£
386
876
1,262
31.12.22
£
970
495
9
1,700
3,174
Net
movement
in funds
£
(972)
(3,473)
(4,445)
-
(4,445) |
31.12.21
£
8,281
31.12.21
£
807
828
1,635
31.12.21
£
2,720
493
-
1,500
4,713
At
31.12.22
£
281,557
149,364 |
|
|
|
430,921
1,728 |
|
|
|
432,649 |
continued...
Page 11
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General Fund
46,016
Revaluation Reserve
-
46,016
TOTAL FUNDS
46,016
Comparatives for movement in funds
At 1.1.21
£
Unrestricted funds
General Fund
277,878
Revaluation Reserve
156,310
434,188
Restricted funds
Reserve Fund
1,728
TOTAL FUNDS
435,916
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General Fund
47,574
Revaluation Reserve
-
47,574
TOTAL FUNDS
47,574 |
Resources
Movement
expended
in funds
£
£
(46,988)
(972)
(3,473)
(3,473)
(50,461)
(4,445)
(50,461)
(4,445)
Net
movement
At
in funds
31.12.21
£
£
4,651
282,529
(3,473)
152,837
1,178
435,366
-
1,728
1,178
437,094
Resources
Movement
expended
in funds
£
£
(42,923)
4,651
(3,473)
(3,473)
(46,396)
1,178
(46,396)
1,178 |
|
|
General Funds
These funds are available for the general purposes of the charity.
continued...
Page 12
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Revaluation Reserve
TheRevaluationReservearoseontherevaluationofthecharity'sfreeholdpropertyin2016.Theproperty had
previously been stated at cost, and the increase in its value upon revaluation is shown in the Revaluation Reserve.
Reserve Fund
The Reserve Fund was set up to cover any unforeseen costs which may occur.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 13