REGISTERED COMPANY NUMBEIL. 07463785 (England and Wales) Rtport of the Trnstets and Un8udited Fin*n¢ial statem￿ for the Year EDthd 31 March 21)23 for Life cefitr￿ Ltd Iiiiiniiiii •ACZVC3HF* 2PJ0312024 COMPANIES H￿SE A15 #237 40 St James PAuIthD8S St James 5tred Taunlon TAI IJR L4fe Cemtral Ltd Crntents of the Tinauti￿ Statanents for the Year Ended 31 Mxrth 21LI Report ofthe Trwte¢s I to 4 Ststement of WinaDcial Artivitios 7 to 8 Notes to the Statements 9 to 15 D&•ikd Statement of Floaocial Aeti 16 to 17 Report of the Trnstees for the Yur Ended 31 Marcb 2023 The wbo ar¢ also directors of the eharity for the of the Companies Act 20(￿. present tbeir repirt with the fjnancial #atements of the charity for the year endeAI 31 March 2022. The tr￿SteeS have adoptrd the FfQViSi(ffj of Accounting and Rep)rting by Chan'ties.. Statern￿ of Re£LKnmended Practice applicabl¢ to charities pr¢pating their xcounts in PKCOrd￿ with th¢ FitwKial Re￿Ity￿g Standard applicable in the UK and Repubb'c of Irelattd IFRS 102) (effective l January 2019) PUT￿1$eS and aims The charity's purp)ses atMI aims the MemordwD of Aswciation ort.. l. To advanc¢ the cducation of the publi¢ of all w in th¢ wbj'ect of Cbti#iatt Eth*all￿ itweasmg inth'viduals. capabilities. r(Mllrn¢i¢S. ai]]$ aThl based on cbri￿lAU pThciplcs for living. 2. To advall￿ the Cbri#ian Faith f(f the Ixll¢fit of the lry whatever meaD4 including worsbip. prayer 3. To train aryl ¢kvelop th¢ c4>wty wd skdls of the dtsadvantaged aThl pw)le brnudly WAthin th¢ communities in wkn.cb we wotk in wh a wty that they are Ixtter able to identsfy. al￿ bdp meel their needs and to parti¢4iatc more fully in swiety. 4. To relieve si¢kness. kaith and old agc aDX)ll￿ ttople sutTmg from m¢ntal or physÉcal illness of any description or in need of reW)ditation as a re￿11 of such by provision of educatiOD. traiDin& practical • and Jlvi¢¢. ￿￿tt¢S aryi $¢rvic￿ t￿t JKXtnally provided by the $th￿t(￿ authorities. 5. The ￿eV¢￿tion or relief of finawal hthp anyw1￿￿ in th¢ wryld by Fyoviding or assisting ' the provisioo of ed￿ti(￿ tramxn& healthcare and practtcal proieets atd necessary suP￿rt desigtled to enable ij)dJ.vth￿ts to 8enerat¢ a sustaDabl¢ inwm¢ and ￿ sdf-suffKJ'e The C}￿lty aims to f(4low its obJ"ectives ￿008 Ik you08. thc eldedy. the and •. th¢ vulnerable and disadv8nla8ed, those seeking asylwn, pnd r¢fugees. These obJ"e£tives are witlx)ut di￿rim￿atIOn on grounds of r¥e. gcnder. th'sabib"ty. se￿1 orientsts"oA¥ a8¢ or A¢hieving our objtttives We revi¢w Imtr aims and objectives each year. The ￿VIeW l(th at what we achieved and the outcom¢ of our work in the previo￿ 12 m(￿thS. The review l(M)ks at the s1￿CesS of C￿ kcy activtty the they brou￿￿¢ to those gr1)Ut￿ of people aim to serve. Life centr￿ iAd Report of the Trnsttts for the Yew Ended 31 Marth 21123 Review of activities At Life Central thcre as sigwfic8tttch8ttge to the atte]m￿ of gatl*ritigs after the Covid pandunic and Con￿quClltid1 financial cballCn￿S C￿ne frotn a drop ID attenda0￿. while sLÉll tying to SeTve the community ￿ b.ve in. This will wv¢r ow resolve lo *Japl and cijntiw our cbatitabl¢ aims in We]lin8ton aod iworyl Steve Jenlans remaind Pasts￿ Iwiar leader and noTrvoting memE¢rof the b)arf iarisa Jenkins has also ¢￿tIn￿ with 16 hours per week in pa40rnl c¥e in the community. Sarah Patwns has continued as our iMy)kkcqw in ￿50n and ugng online twls. Wc bave rrf>w property e*ablished our systems with cloud basol acownting (Xero & HuEth). Si¢v¢ JNJkiJ* COntsn￿d y¢¥ Is the pimary witit of conLqCt for safrgu8rthDg and health & thy. St¢ve & Larisa Thtre given a 10 Thtek sabbatical fr(xn Augwt to Iktoiv .22 after smyng the thurch for 7 y¢ats. They took time c￿t to refresb and ended with tlr Life Streaflls l¢adus retre4L The Lrfe Central R￿rns that we IRV¢ rented sittt May 2016 did not getb￿k to the level of use w¢ before the pandemic. and the &¢ison was taken my the Trustees to close this office and facility to save SI￿lficant Costs. W¢ gave I￿. r¢decoratcd the w]K)le faCI￿ty and moved out by the end of Dxemkxr 2022. We moved forn)al thss to 63 A4)in Clo*, WeUingtOD. TA219EG. Steve & Larisa WOTked pTimarity from IKMne but a sbared 0￿ spxe was also ￿Ven to us at Th¢ Well Christian F¢lbwsbip if wc wanted to make use of il. Thr(Nj￿ Ilr year th's sp&e has b¢¢n h¢lpfid. especially for safc storage of items and fil¢s moved fr(4n the R£￿ In ycar w¢ stsll held onto the three resid￿ ry(wties that Life Central owns aDd continued to provide low priced acwmmi)datiott in tk community. These PrO￿tICS sUpk￿ two refu8e¢ families that are hou%d in partsietthip with local xtiOD wup'Tauntrn R¢fuge¢ Suppxt Group. and Suw County Council. We also house another li￿81 famity with fJnancia] issues that w(xthl (knise find rethal very dJffi¢ult io past CCJ'S W¢ had to incroo our rent on these prWe4 trled to kew them as reasonabl¢ as pissibk cornpar￿ to market Tates We ￿￿¢ve ￿"S IHS {￿lInUed to t¢ an imrM)Ilant part of our Min￿ to support thes¢ famdiv4t. CILXD Woodward (o#ate a8eDts) again ow monogcmcnt compllny for all thrcc hou8cs and ensurvd that all legal requirements were mei In a 5¢ax￿ wlwe th¢ renlal ￿tOr bas gone througb a dlfficult lime, Clem W¢JyJward bas played an imp)rtant role in guidmg us durin8 the maDy changes to laTrJlord laws a￿1 rcspjtwkn'lities. It was durAng this tune that we t(4)k thc decisi￿ to *ll (¥% of woFrts¢s wilh a vi¢w to ￿n50￿d&tIllg our financial posits.on and makins apprwatc ltivekncr￿ thot would mointsin o Icvcl of income for thc fijttwc of the charity. Howev¢r. on fithr invests.gats0￿ the agwyve r¢ntsJ market would hav¢ not allowed our tenant to find another rimilar propety for tho Am¢ ￿)SL Ncithcr would an invcstricnt buy¢r nornMUy b¢ able to k¢¢p th¢ t¢DanÉ OD at suth a low rent We did not want to havc a situation whcrc ow IcDant wcnt to court to delay exit and end up with ancthr CCJ again￿ his name. He had been an ideal tenant for nearly 7 years and w¢ th'd not Want to ¢au% unnec¢&sary probkms. Howtvtt. a mometttof grace h4)Fned when Steve JenluDS with tF¢ CEO of Falcm HIM￿ing A￿lation at the r￿d of March 2023 and a￿d in prllKiple that they ￿Uld pwcbtw fjnd L¢cp thc tcnont m a favowablc rrnt Boin8 forward. This wijl be going forward into ncxt year and we will give a repxt on the outc(xne th¢r¢. IAfe Ceotra lthl Reyort of the Trns¢ees for the Year Ended 31 Marth 21 We bave coatinued s￿P￿￿ting ￿la1 acti(ffj needs tknW(Art WdliogtOD with p￿itiVe impacts. Steve held the position of m(thrator (Chair) of Wellington Churcbes Together (WCD until Jan 2023 WIM be hallded it on to Chnstine Disney, who is also part of L￿e Cejtral. With WCT we bave swpx*t&J W&ky wed￿ duTitig all the ￿h(￿lI ho￿.daYS and bad a ￿e0t IMp￿t with the Howard Ro*a woiect iti Wber. again Street Fairs were and a great benefit to the community. Steve w&4 able to re•engage with SLJobD'S Primary SclKw)l in petSOD this year, and has bad a uscfid c4)nn¢ctton with RE lead in &veloping SIAMS strategy for the schLX)l. Atthe end of the year our Court Fields Hi8b ScbrM)l our Chap]m WLYker Iwl thided to movc we have joined with Taunton Youth f(w Cbtist and other I￿al ¢hurch¢s in filld￿8 a replaceme￿ for thi.s valuable WL)Tk with displxed youog people and those with mental health issues. ¢ommutiity woiects that ow staff volwteers have iwi participatiDg in include.. FoodbanK Best Befote F￿d Store. Street Path aod the Wellington (he Te￿ (that includ¢5 emergency seryices. Counc￿ S￿la1 woknrs. housiog asxKiations. and ts chwcb io Wellin8lon). W¢ bave also continued to meDh)r Sam Burtoo and the Awaken team in miotsty to ylw &lu]ts whue wc bave 8fowD the team aDd dckgatedmwh of the to the young adults themselves. Over th¢ p￿deMiC fvvicw 2 fllwKial years) our SW the conmuntty bas strdc]*d us, ¢s￿la1￿ with some generous supp¥)rters moving on okn ￿￿es. aDd this h&$ ixen the Core of our change in i[K(￿e. Yet the m¢ntal health aod p&oral issues have nrt gotte aw8y. contrwy. So speoditig titi)e with tvle. listenin8 and supporting, oft¢n over a tK)ffee or am¢al h&8 st￿ tteD aD essential p•t of our Mth. This year has sc¢n ￿$ rettun to a thythm of meeting b¥k at St Jckn'$ Primary Scb(KJl for our Sunday 8atlwin8s. The live strea0￿S was us¢fill to many duriDg the pande￿.¢. reAna)n￿ part of our usual fornmt io 2V23. Messenger app continues as a place for prayer. CLMllmuDi¢ation aDd upjates acro￿ the cLMnmunity. Whde we had less live coDtacts on live streams in thi.s last year. the follow up wlth vi&ts to Y¢MTube F￿¢L￿k bas ¢(rti￿ to grow. We have also had a growth in p(tha# li&encrs over tk PaS¢ye¥. Steve & Larisa hav¢ contiwe41 to grow Lmf rrlats"ottthip with Lifr Stseams Selli￿ lea&Jsbip connections. of other l¢aders frotu arouod the glok. This ￿YeS tKth spiritual xcomtabthty and MU￿81 contiedion OD a regular bhsis. St¢ve & L￿]sa (%Jtitinue to suppxt & a numi%r ofodw wple in Ch￿b k*lth'p roks ￿Ulld the UK. As a ¢hwch we have missi(d mitiatives in ￿8)urn & PAr￿￿11. In Bel8iwn this bas iwi by m(Kl¢lling loving le*rship and acADieS A¢t 2006 for the year ended 31 March 2023. 31 March 2023 in acc(Kdanrx with Sedion 476 of the C(xnpatiics Act 2006. Th¢ tr￿e5 thowledge res[#)￿lxljtses f( (a) ¢nsuring that the charitable company kws rec(Yd5 that C(ffllply with s￿tioDs 386 al￿ 387 of the C(mp8nies Act and (b) pr¢pann8 finattcial SL￿en￿ts which give a true and fair view of the state of affairs of the chaJitabie mp8ny as at the end of e¥h financial year and of its surplus or Ikficit for each fJnanciaJ year in accord￿ with the requiretDeots of s￿tiO1Ls 394 al￿ 395 and wluch otherwise comply with the requirements of the Compam¢s Act 2006 rdakng to financial stst¢M￿l4 so far as applicable to the clwitable C￿llPanY. IAfe CentrA Ltd Balknet ￿￿t..cOntinued 31 March 2023 These finaDGial statements have I￿en wepted itt I￿Ordance with the pwovi&(w appb'cablc kn chwitabk 26103124 The finaociai statements wuc try th Bwd of TnM*c5 aTh4 alltho￿ is9￿ on ........... and were signed on its iehalf by: A F Lane. Tru*e¢ Life centr￿ Ltd to tht Flo￿£1*] St#tem¢Dts for the Year EDded 31 Marth 2011 AccouNfiNG POLICIFS Basis of preparing the fin*n¢id st*t¢rnents The fiJHicial ststements of the ch8n"table CLWW. whicb is a pthlic LYt*fit entity UDder FRS 102. have been prepared in wrdancz with th¢ Charities SORP (FRS 102) 'Aecounting and Rewrting by Charities: Statement of Recommended Pwts"rx applicable to charitses prwing their ￿Counts in accordancc with the Financjal RyTtsn8 Stand¥d aPpIl￿ble in the UK and Republic of Irelalld (FRS 102) (Cff￿tivc l January 2019)., Finawial R¢pxtsng StazblaJd 102 Tr Fitwic1￿ Re￿￿ting Standard applicable in the UK and Rcpubhc of Ireland. and th¢ Companies Act 2(M)6. The financial ststements Intome All income is reco￿ in the Staluncnt of Financial Ac*ivities once the charity has entitlement to th¢ fimds, it is probabk that the will trt re¢eiv￿ and th¢ can be m¢&8ured reliabty. Exp¢Ddityr¢ Liabih"ties ￿ rCwgD￿d as exE¢Dth"tuTe as as is a legal or r￿str￿tiVe obligati￿1 XDmithDg the Ch￿lty to that eX￿n￿'t￿le. it is pr(*Mble that a transfer of econani¢ benetits will bc ycwred in ￿ttlement and th¢ UDounl of th¢ obligatsoD mcaslled reliably. ExFtnditutE is for OD &n xuuals bLsis and bas iwn tl&%sthed wthr headmgs that awegate all cost 'all￿ted to actsvities on a b&8iS CA)n￿ent with the use of re￿￿tes. Grants offered subj'ect to rA)nditiODS which Iw¢ not mct at the y¢ar end dat¢ aff noted &8 a Taogibk r￿ed assrt5 Dep￿lats.0n is prO￿ded at followmg r*es in oth to write off each assEt over its Fixtsues and fittings 15•A on rthiog balawx Investment property Investsnent proiKrty is slmvn at most teLXrt valu*i(L Any aggreg* swplus deficit arising fr(￿] cbaogcs in fair valu¢ is Wignjstsj iti the ststeme￿t ofFinaKial Activities. Tgxalion The ¢batity is exemO from c1xwatiL￿ kn( on its chan'table xtivities. Fund aceountiog UDreslricted fiumls uscd in ￿e0rda0￿ with ts rjwitabk Obj￿￿v￿ & the d￿retiOn of thc trustes. Restricted fi￿d$ w 0￿Y be ￿ f(Y particular restricted With￿ the (l)je£ts of th¢ clwity. Restrictions •ise WI￿ spc¢ified th￿Or or wl*n fi￿d$ atr Ta￿Al for particular restri¢￿1 Life centr￿ Ltd Notes to the DlnaDcial Statements. conlinued for the Year Ended 31 Marrb 20LI ACCOUNfll¥G pOLIC￿S. eontinved Fund actounliDg Pension costs *nd other ￿.raIremellt b￿fits The cban'table compw owates a defined conthlx￿on ￿10￿ shem¢. crntrIb￿iolls payable to the clwitabk company's I￿lOn ￿l￿rne atr charged to the Ststement (rf Finawial Activities m th¢ PCTi(Ki to which Ilw ￿latr. 2023 2022 Rents receiv 24.701 21 22,926 Net i￿(￿￿E/{c%￿￿hts￿c} is stated ats ¢llargti￿(G￿l1n8). 2023 2022 TRUSYEES, REMUNERATIOIY AI¥D BENEFM) Th¢ff were no trus*eg remutv*ion w other i￿nefits fw the yetr eth 31 March 2023 f(f the year ejmled 31 21Y22. There were no tr￿ceS. expenses paid fLY the year ctthl 31 Marth 2023 Dor for tk yew ended 31 March 2022. Life Central IAd Notes to the Fin*n¢TAI statern￿ts- continued for the Year E￿ded 31 Martb 2023 The average of empl(ryees iknitig the yearwas as follows: 2023 2022 No employew r¢cciv¢d eD)olumetts in ucess of £60.(KK). Un￿triCted funds DONATIONS AND GI RECEIVED FROM Don&ions a￿1 kg¥i¢s 37.567 EXPENDATURE (PN Dirett chaiit*ble eXp￿dI￿re Direct cbantsble expenth tknations and ￿￿$ Adminlstration 5.470 11,376 53.134 5,967 INcoM￿(EXPENDrr￿) (26230) RELUNLILIATIUN OF FUNDS TO1￿ funds brought forward 601.304 FORWARD Life Central Ltd N(*es to the F￿anCial Statements. continued for the Year Ended 31 March 2023 TANGIBII FIXED A&SE15 fittings co At l April 2022 Adth'tiijns 27.626 At 31 Marth 2(r23 DEPRECIATIO1¥ At l ApTil 2022 Cbarge for year 22.427 At 31 Marth 2023 At 31 Marcb 2023 At 31 March 2022 INVESTME￿ PROPERTY FAIR VALUE At l 2022 and 31 March 2023 BOOK VALUE At 31 March 2023 540 000 At 31 March 2022 540,UUU Tr inveslment p[L￿rt[eS were valued at OF¢n matket valu¢ by M¢ws Gibbins Ricbards. Estate ag¢Dts. of 37 Hi8h Streei Wcllin8w &JD¢T5¢t at 31 Marcb 2018. The Tnlstees consider that the value of the proixrtics was wt dIffer￿t at 31 Maffh 2022. 12 Life Ltd Notes to the Fittantl￿ Statements. continued for the Year Ended JI Mxrtb 2011 DEBTORS. AMouNfs FALLll¥G DUE WITHIN ONE YEAR 2023 2022 Other debtors 11,449 7.379 2023 2022 Tr* crethtsM5 Social security and othertaKes other creditors Accnthls and thferred I￿(rOC 3.121 498 147 4,029 1,586 147 ii. N¢t movema At 31.3.23 At 1.4.22 Unrestrirted funds CKneral fut 575.074 (18.W) 556,170 556 l70 N¢t movanent in futh, in¢hMW in the above are as fdlows: UDrestric¢ed lunds 54.430 (73.334) (18.￿) TUTAL FUND 13 Life Cen¢r41 lid Notrs to the Floanci￿ Statements- tontinued for tht Year Ended 31 Marth 2011 11. mOVE￿[£￿r IN FU￿. coDtiDvd Comparatives for m0￿Me0t ID fwids Nct movanent At 31.3.23 At J.4.22 ilorestrirted funds 61.3(hl (26230) 35,074 (A)i J( 26 30 575 074 TUTAL FUNDS Compgr*ive net movuDe4rt in fu￿4 in the a5 follows: re￿￿r¢¢S exFDdc41 in fimds Uorestricted funds CÉneral fund fAI.497 (86.727) (26,230) TOTAL FUNDS 86.72 Purwb5E of Buildings Fund (design*ted fund) Thc prw¢eiLs from the sale of the charity's fOrn￿r wafjises wue da%ignaled for the purchw of iyotuties to provide an it￿￿￿¢ for the charity and for the wTCha￿ of ￿plaCeMent pyemises in whi¢h to hold of the ¢hanty'S aaivities. The fund has be¢D used to pu￿b￿ the investsnent prO￿[tIeS but the Trustees dccithd oot to pu￿b￿ r¢pla¢XO￿t w¢miw and w the unwed Buddings Fund w&% released to the G￿￿al Fund in 2016. The Build￿g$ Fund alxl includes th¢ revaluation reselve of £51 J25 (2022 - £51.525) wlych retffexnts the atDOWt by whi¢h inVe￿ients exced their bistorical 14 Life Ctotrd Ltd Notes to the FIDaDC1￿ SiatemeDts- Continued for the Year Ended 31 March 2023 12. RELATED PARTY DISCLOSiSRES There were no ￿lated party tra￿11(￿ the yw cnthd 31 MAr¢h 2023. 15 Life Central Ltd Drtailed Statement of ￿nancIal Activities for the Year F￿ded 31 March 2023 2￿23 2022 DONATIONS AIYD GIFTS RECEIVED Dottations and legao Specific Titbes aod OtfrTiD8S Tax refullds 26299 32.993 29.701J 37,567 Inv¢s¢ment income Rents received Bank interest received 24.701 21 22.926 Totsl incoming resourtts 54,430 60.497 EXPENDITURE Direct tharitAble ezpenditijre Travel. hotel & Iwspitality T¢arb￿g resources Sundn'es 5.556 1¥2 12(F) 4.445 123 902 .913 16,IM6 MaiDtenart¢t And rates Repair5 and renewa]s Rent and rates Li8bt and heat 336 9.036 6,532 8.661 10.780 Athninistration Administration Wages L£gal and wjfessiooal r￿S 40.179 40J07 1.851 1,937 44.095 647 41.812 CatTied forward 16 lak c￿Dtr￿ Ltd for the Year Euded 31 M•rch 2023 2023 2022 Administration Brought forward Telephone Printin& ststionary. IT. website and advertising BaDk charyes and intetest Sub5CriPtions 41,812 2.523 44.095 2,006 1.931 117 369 4,609 40 651 416,052 53,134 Investment managett￿nt MaiDtenanee of investm￿t properties 3,914 X52 2.942 2.840 735 Agent fe 86.727 Net ¢xpetiditure 26 230) 17