Digitally Signed Document Document ID: 8C3A7B59D19D13 ## Document Details: |**Filename:**|Livingstones Final statutory accounts 2022.PDF| |---|---| ||| |**Client of:**|A J Bennewith & Co| ## Signature Details |**Name:**|Nigel Stevenson| |---|---| ||| |**Email:**|nigelstevenson@accountant.com| ||| |**Date & Time:**|27/09/2023 10:44:05 AM (BST)| ||| |**IP Address:**|82.10.118.83| ||| |**Signing Statement:**|Nigel Stevenson confirms that the information is
correct and complete to the best of their
knowledge and belief.| ## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. |**On behalf of:**|A J Bennewith & Co| |---|---| ||| |**PDF digital certificate:**|IRIS Software Group Limited| ||| |**Digital certificate issued by:**|GlobalSign| Please keep a copy of this document for your records. ``` 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 ```