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 2023
for
Livingstones Christian Centre Limited
Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Livingstones Christian Centre Limited
Contents of the Financial Statements for the Year Ended 31 December 2023
|
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 |
Detailed Statement of Financial Activities |
14 |
Livingstones Christian Centre Limited
Report of the Trustees for the Year Ended 31 December 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2023.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (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
TheCharityprovidesChristianresources,gifts,artwork,craftsandcardstoencourageandprovide Christian
edificationtothecommunityinandaroundFleet.Thecharityusesitspremisestohostcommunityactivities that
support and provide care for those in the community of Fleet and Church Crookham.
Throughout2023thecharityoperateafullyvolunteer-managedmodelandincurrednostaffsalarycosts. All
membersoftheLivingStonescommunitywereextremelyappreciativetothe4leadvolunteersand12 half-day
volunteerswho made thispossible.Due to the ongoingsavingsin staff costs we were able to regularlydonate money
to other local charities that have objects that align with our own.
2023 was a challengingyear for LivingStonesas it became clear that the sellingof Christianbooks and faith-supporting
resources,althoughvalued by the community,was not somethingthat needed the centre to be open for multiple days
intheweekandsotheretailaspectofthecentrewasreducedtoopening3daysperweek.Theremainderof the
centre was available to users 7 days per week.
SeveralChurchandcommunitygroupshavemadeuseofourroomsandfacilitiesthroughouttheyearand through
ourconnectionswithlocalcommunityinitiatives,wecontinuetoseektoextendtheuseofourfacilities by
organisations that share our charitable objects.
Wecontinuedtosupportactivitiescarriedoutforthewiderbenefitofthecommunity.Wewereanintegralpart of
thetown'sactivitiesforcelebratingtheKingsCoronationaswellasthelocaltownChristmasFestival.Through the
runningof workshops,an ongoinghonestycafé,an "ArtMonth"andhostingregulargroupmeetings,we have grown
theusemadeofthecentrebythelocalcommunityandhavebeenbetterabletoexerciseourobjectof"care and
support for those in the community".
WenowprovideregularsupportforFACCTS(FleetandCrookhamChurchesTogetherinSchools-Charity Number
1094885),providingmeetingspaces,resourcesandfundsaspartofourcharitableobjectof"supplyingmaterial 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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04202300 (England and Wales)
Registered Charity number
1112325
Page 1
Livingstones Christian Centre Limited
Report of the Trustees
for the Year Ended 31 December 2023
Registered office
277 Fleet Road
Fleet
Hampshire
GU51 3BT
Trustees
N C Stevenson
M Mabin
T Budd
T S Bateman
S M Luff (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
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
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')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2023.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
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
Upper Ground Floor
18 Farnham Road
Guildford
GU1 4XA
Date: .............................................
Page 3
Livingstones Christian Centre Limited
Statement of Financial Activities
for the Year Ended 31 December 2023
Unrestricted
Revaluation
fund
Reserve
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
13,072
-
Other trading activities
2
20,807
-
Investment income
3
166
-
Total
34,045
-
EXPENDITURE ON
Charitable activities
4
Direct charitable expenditure
28,974
3,473
NET INCOME/(EXPENDITURE)
5,071
(3,473)
RECONCILIATION OF FUNDS
Total funds brought forward
281,557
149,364
TOTAL FUNDS CARRIED
FORWARD
286,628
145,891 |
Restricted
funds
£
-
-
-
-
-
-
1,728
1,728 |
31.12.23
31.12.22
Total
Total
funds
funds
£
£
13,072
13,925
20,807
32,049
166
42
34,045
46,016
32,447
50,461
1,598
(4,445)
432,649
437,094
434,247
432,649 |
|
|
|
The notes form part of these financial statements
Page 4
Livingstones Christian Centre Limited
Balance Sheet
31 December 2023
Unrestricted
Revaluation
fund
Reserve
Notes
£
£
FIXED ASSETS
Tangible assets
9
243,914
145,891
CURRENT ASSETS
Stocks
10
10,371
-
Debtors
11
1,344
-
Prepayments and accrued
income
20
-
Cash at bank and in hand
33,971
-
45,706
-
CREDITORS
Amounts falling due within one
year
12
(2,992)
-
NET CURRENT ASSETS
42,714
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
286,628
145,891
NET ASSETS
286,628
145,891
FUNDS
13
Unrestricted funds:
General Fund
Revaluation Reserve
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
-
-
1,728
1,728
-
1,728
1,728
1,728 |
31.12.23
Total
funds
£
389,805
10,371
1,344
20
35,699
47,434
(2,992)
44,442
434,247
434,247
286,628
145,891
432,519
1,728
434,247 |
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 |
|
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2023 in accordance with Section 476 of the Companies Act 2006.
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.
The notes form part of these financial statements
continued...
Page 5
Livingstones Christian Centre Limited
Balance Sheet - continued 31 December 2023
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, as
modified by the revaluation of certain assets.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated 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
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 7
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
2. OTHER TRADING ACTIVITIES
2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
£ |
£ |
|
Shop income |
20,479 |
31,195 |
|
Art commission |
328 |
625 |
|
Event income |
- |
229 |
|
|
20,807 |
32,049 |
3. |
INVESTMENT INCOME |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
£ |
£ |
|
Deposit account interest |
166 |
42 |
4. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Direct |
|
|
|
Costs |
|
|
|
£ |
|
Direct charitable expenditure |
|
32,447 |
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.12.23 |
31.12.22 |
|
£ |
£ |
Depreciation - owned assets |
7,537 |
7,609 |
Independent Examiner's fee for accountancy services |
960 |
1,000 |
Independent Examiner's fee for examination |
600 |
500 |
Amount of shop stock recognised as an expense |
10,489 |
24,624 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
continued...
Page 8
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
|
|
|
|
31.12.23 |
|
31.12.22 |
|
Managers |
|
|
|
- |
|
1 |
|
No employees received emoluments in excess of £60,000. |
|
|
|
|
|
|
8. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
|
|
|
Unrestricted |
Revaluation |
|
Restricted |
|
Total |
|
|
fund |
Reserve |
|
funds |
|
funds |
|
|
£ |
£ |
|
£ |
|
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
|
|
Donations and legacies |
13,925 |
|
- |
|
- |
13,925 |
|
Other trading activities |
32,049 |
|
- |
|
- |
32,049 |
|
Investment income |
42 |
|
- |
|
- |
42 |
|
Total |
46,016 |
|
- |
|
- |
46,016 |
|
EXPENDITURE ON |
|
|
|
|
|
|
|
Charitable activities |
|
|
|
|
|
|
|
Direct charitable expenditure |
46,988 |
3,473 |
|
|
- |
50,461 |
|
NET INCOME/(EXPENDITURE) |
(972) |
(3,473) |
|
|
- |
(4,445) |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
|
|
Total funds brought forward |
282,529 |
152,837 |
|
1,728 |
|
437,094 |
|
TOTAL FUNDS CARRIED FORWARD |
281,557 |
149,364 |
|
1,728 |
|
432,649 |
continued...
Page 9
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
9. TANGIBLE FIXED ASSETS
COST
At 1 January 2023 and 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
COST
At 1 January 2023 and 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022 |
Freehold
property
£
442,957
46,395
7,359
53,754
389,203
396,562
Kitchen
Equipment
£
820
820
-
820
-
- |
Office
equipment
£
1,302
1,230
36
1,266
36
72
Computer
equipment
£
705
705
-
705
-
- |
Fixtures
and
fittings
£
4,463 |
|
|
|
3,755
142 |
|
|
|
3,897 |
|
|
|
566 |
|
|
|
708 |
|
|
|
Totals
£
450,247 |
|
|
|
52,905
7,537 |
|
|
|
60,442 |
|
|
|
389,805 |
|
|
|
397,342 |
Thefreeholdpropertywasrevaluedin2016basedonanindependentvaluationbyHurstWarne Chartered
Surveyors.
The net bookvalue for freeholdlandand buildingswhichwouldhave been recognisedat 31 December2023 if
the property had been carried at historical cost is £243,316 (2022: £247,202).
continued...
Page 10
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
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
Net movement in funds, included in the above are as follows:
Unrestricted funds
General Fund
Revaluation Reserve
TOTAL FUNDS |
At 1.1.23
£
281,557
149,364
430,921
1,728
432,649
Incoming
resources
£
34,045
-
34,045
34,045 |
31.12.23
31.12.22
£
£
10,371
7,450
31.12.23
31.12.22
£
£
574
386
770
876
1,344
1,262
31.12.23
31.12.22
£
£
754
970
-
495
181
9
2,057
1,700
2,992
3,174
Net
movement
At
in funds
31.12.23
£
£
5,071
286,628
(3,473)
145,891
1,598
432,519
-
1,728
1,598
434,247
Resources
Movement
expended
in funds
£
£
(28,974)
5,071
(3,473)
(3,473)
(32,447)
1,598
(32,447)
1,598 |
|
|
|
continued...
Page 11
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
13. MOVEMENT IN FUNDS - continued
Comparatives for 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 |
Net
movement
in funds
£
(972)
(3,473)
(4,445)
-
(4,445) |
At
31.12.22
£
281,557
149,364 |
|
|
|
430,921
1,728 |
|
|
|
432,649 |
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General Fund |
46,016 |
(46,988) |
(972) |
Revaluation Reserve |
- |
(3,473) |
(3,473) |
|
46,016 |
(50,461) |
(4,445) |
TOTAL FUNDS |
46,016 |
(50,461) |
(4,445) |
General Funds
These funds are available for the general purposes of the charity.
Revaluation Reserve
The RevaluationReserve arose on the revaluationof the charity'sfreeholdpropertyin 2016. The property had
previouslybeenstatedatcost,andtheincreaseinitsvalueuponrevaluationisshowninthe Revaluation
Reserve.
Reserve Fund
The Reserve Fund was set up to cover any unforeseen costs which may occur.
continued...
Page 12
Livingstones Christian Centre Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 13
Livingstones Christian Centre Limited
Detailed Statement of Financial Activities |
|
|
for the Year Ended 31 December 2023 |
|
|
|
31.12.23 |
31.12.22 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Gifts |
13,072 |
13,925 |
Other trading activities |
|
|
Shop income |
20,479 |
31,195 |
Art commission |
328 |
625 |
Event income |
- |
229 |
|
20,807 |
32,049 |
Investment income |
|
|
Deposit account interest |
166 |
42 |
Total incoming resources |
34,045 |
46,016 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Staff costs |
- |
2,809 |
Rates and water |
1,217 |
1,222 |
Cost of sales |
10,489 |
24,624 |
Light and heat |
1,616 |
1,679 |
Advertising |
- |
85 |
Sundries |
45 |
- |
Donations |
6,000 |
5,602 |
Events |
- |
220 |
Office expenses |
1,082 |
1,725 |
Post, printing, stationery & computer costs |
691 |
456 |
Premises expenses |
1,579 |
2,212 |
Professional fees |
165 |
178 |
Telephone |
358 |
383 |
Bank charges & interest |
109 |
158 |
Accountancy |
1,560 |
1,500 |
Depreciation of tangible fixed assets |
7,536 |
7,608 |
|
32,447 |
50,461 |
Total resources expended |
32,447 |
50,461 |
Net income/(expenditure) |
1,598 |
(4,445) |
This page does not form part of the statutory financial statements
Page 14