REGISTERED COMPANY NUMBER: 07463785 (England #nd Wales)
REGISTERED CHARITY NUMBER: 1140688
Report of the Trusttts and
Unaudited FiTrgncial Statements lor the Year Ettded 31 M*reh 2024
for
L4fe Central Ltd
Cty)per Associates Accountants Ltd
40 Si Jame5 Buildings
St James Street
Taunton
Somerset
TAI IJR
*ADIXM14W*
28112r2w24
COMPANIES HOUSE
A15
#41

Life C¢u¢r*l iAd
Cont¢Dts of tbe Financial S¢¥tem¢nt$
for the Year Ended 31 MaTch 2024
Page
Report of tbe Trustees
Independent Ex*miner'5 Report
Statement of Fin*n¢i*l Attivities
Balan¢¢ Sheet
Notes to the Financial Statements
10 to 16
Detailed Statement of Fin*n¢ial Activities
167to 18

Life C¢lltr•l Ltd
Report of the Trusttts
for the Year Ended 31 Marcb 2024
The tr￿leeS who are also directors of ihe charity for ihe pur￿Se5 of the Companies Aci 2006, present their
report wilh the financial statements of the ¢harity for the year ended 31 March 2024. The trustees have
adopted the provisions of A¢¢ounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing iheir a¢counis in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102) (effe¢tive l January 2019)-
OWECTIVES AND AcrtVlTIES
Purpos¢$ and aim5
The charity's purposes and aims as set out in the Memorandum of Association are:
l. To advance the education of the public of all ages in the subject of Christian Edv¢*ion, increasing
individuals, capabilities. competencies, skills and undersiandin& based on Christian principles for living.
2. To advance the Christian Faith for the ber￿fit of ihe public by wharever mean& including worship, prdyer
and teaching of Christian doctrine and principle5 to equip and enlighten others.
3. To train and develop the capacity and skills of the disadvantaged aThl people generally wiihin the
Communities in which we work in surh a way ihat ihey are better able to identify, and help meet, theiT needs
and ¢0 participate more fully in so¢iety.
4. To reliev¢ siGkn¢55. P(N)r health and old age amongsi people suffering from mentsl or physical illness of
any description or in need of rehabilitation as a result of such illness, by provision of education, training,
practical supwrt and advi¢e, f￿11111c5 and services not nomially provided by the statutory authorities.
5. The prevention or relief of poverty or financial hardship anywhere in the world by providing or a5SiSting
in the provision of education. training. healihcare and practical projects and necessary support designed to
enable iThlividuals io generate a sustainable income aThJ be self-suffjcient.
Th¢ charity aims to follow its objectives among the youn& the elderly, prM)r and needy, the vulnernble
and disadvantaged. those seeking asylum, and refugees. These objective5 are pursued without discrimination
on grounds of ra¢¢, gender, disability. Sexu￿ orientstion. age or religion.
Achieving our objectives
We review our aims and objectives each year. The review looks ai what we xhaeved and the out¢om¢ of our
work in the previous 12 months. The Teview looks ai the S￿$5 of each key activity and the benefits they
brought to those groups of people we airn to serve.
Page I

Life Centrnl Ltd
Report of the Trustee5
for the Year Emded 31 March 2024
owEcrivES AND ACTIVITIES
Review of aetivilies
This past year. wih posi pand¢mi¢ challenges remaining for many, has ¢ontinued to bring some not
insignificant difficulties as we have soughE to coniinue to facilitsie gathered worship and prayer limes,
¢0￿MUnitY service and pastordl support. However, de5Plte the national challenges facing churches of all
denominations and sizes. with fundraising pressures, dwindling leaders and volunteers, along with national
economic challenges including the rising costs of living - here at Life Central we have had much Still to
celebrate and be thankful for.
This has been particularly true for us ihis year as we have soughi io re-envision and rebuild together through
this period a5 a church community themes thai would carry even greater signifi¢an¢¢ later in th¢ year. with
big changes in ihe leadeTship and vision for the church community.
This rerN)rt then will ¢over and describe our Continuing efforts to best deliver our charitable aims in
Wellington and beyond.
Staff
Steve Jenkins remained as Pasior / senior leader and non-voting metnber of the board for the firsi eight
moTJth5 of this financial year up until the end of Novemkr 2023. Larisa Jenkins also continued with 16
hours per week in pastoral care in the community for this same peri￿.
Having sensed during this period that their time together serving &$ leaders at Life Ceniral was coming to a
natural conclusion, in August Steve and Larisa infornied the tTUStees and then the wider church family of
theiT intention io step down from ih¢ir rnutu￿ roles. Having given due notice. they concluded their
employmenl and ministry at the end of November.
Rev'd Tim Bu¢kley {a forni¢r Vicar within the church of England) who had recently stepped down from hts
role as senior leader of two churches in ihe city of Bath, was approached by Ihe irusiees and asked to
consider taking on the leadership of ihe church in a paid capacity, as senior leader and non-voting member of
the board. He agreed to do so and w&s appoinied Eo the role from the Isi of December 2023.
Throughout this period, Sarah Parsons has ¢ontinued as our iM)okkeeper both in person and using online
tools. used by her and the wider team, including Xero & Hubdoq systems for ¢loud-b&sed accounting.
Steve Jenkins continued during his time of employrnent &s the primary point of contact for safeguarding and
health & saf¢ty. Upon Rev'd Tim Buckley's appoinrment, these roles and resw>nsibilitie5 transferred to him.
After their departure, Life Centrai trustee5 on behalf of the church family gave a gift of £5000 to S*v¢ and
Larisa in token of their love and eMe¢m for all that they have given in their service over many years as they
looked to explore ar￿ Work in new areas. Having Siepped down, Steve and Larisa have helpfully continued
to worship as members of the church family in rhis phase of change uniil ihey rnove, allowing an effective
perÈod of transition and handover.
Location and
For ihis year, including during a period of transifion when rim Bu¢kley took over ihe leadership of the
church community. our formal address remained 63 Aspin Close, Wellington. TA219EG.
While ernployed, Sieve & Larisa worked primarily from home. but a shared office space was also given to us
at The Well Chrisiian Fellowship to make use of Tt as required. Since Tim's employment began, he h&$
enjoyed a similar patten of Working from home and also making us¢ of the shared "Well" space which has
een incredibly helpful, especially for continued safe siorage of office equipment, items and files.
Page 2

Life Central Ltd
Report of the Trustees
for the Y￿r Ended 31 March 2024
In ihis year we still held thre¢ residential properties ihat Life Central owns and continued to provide low
priced accommodaiion in the community. These properties support two refugee familie5 that are housed in
partnership with lo¢al action group 'Taunton Refugee Support Group, and Sussex County Council. We also
house another local family with financial issues that would otherwise find rental very difficult due to past
CCJ'S. We had to increase our rent on these PrO￿rtieS but lried to keep them as reasonable a5 Possible
compared to market rates.
We believe this has continued to be an important part of our ministry io support these families. Clem
Woodward (estate agents) was again our management company for all three houses and ertsured that all legal
requirements and obligaiions were mei. In a season where the renial seclor has gone through a difficult time,
Clem Woodward has played an irnFW)rtant role in guiding us during the many changes to landlord laws and
responsibilities. It w&5 during this lime that we took the decision to sell one of the properties with a view to
Consolidating our financial p)sition and making appropriate invesiments that would maintsin a level of
income for the fLrture of ihe charity. However, on further itLV¢Siigation, the aggressive rental market would
have not allowed our tenant to find another similar property for ihe same cosi. N¢iiher would an investment
buyer normally be able to keep the tenant on at such a low rent. We did not want to have a situation where
our tenant went io court to delay exit and end up with another CCJ againsi his name. He had been an ideal
tenant for nearly 7 years, and we did not want io cause unnecessary problems. However. a moment of gra¢e
happened when Steve Jenkins mei wilh ihe CEO of Falcon Housing Association at the end of Mar¢h 2023
and agreed in principle that they could purch￿ the property and keep the tenant on a favourable rent going
forward.
With full trust¢e agreement, thi5 property, '3 Walker5 Gxte, was successfully sold at market value for
£200.000 to Falcon Housing. compleiing in early July with proceeds minus fees r¢ceiv¢d th￿ month. This
sale, stabilising available finances. allowed Life Central Church io operate effectively going forward, better
able io now more fully serve its charilable aims and objectiv¢s.
Wellin
on Communit
We conlinue to pa55ionaiely SUPkX)rt S￿la1 action needs ihroughout Wellington with evident and effective
impact. Christine Disney, a member of our church community took on the posiiion of moderator (Chair) of
Wellington Churches Together (WCT) and will do so until Jan 2025. With WCT we have ¢ontinu¢d to
support 'Wacky Wednesdays, during school holidays and again had great impact with the Howard Road
proje¢i.
As always, Wellington Street Fairs were fully supported with chur¢h stalls and volunieers setving and in
attendance to continue with others io bringgreai benefit io ihe wider community.
During his time of employmerf Steve wa5 able to coniinue to connect well with St. John's Primary School
furthering his connection with the RE lead as the school began to prepare for a f￿vre SIAMS inspection. A
member of ihe church family also became a governor for the school, building church-school faith links and
5UPPOrting colleciive worship requirements. With ihe previous Court Fields High School Chaplin having
de¢ided to move on, Life Cenlral and Wellingon based churches Living Light and The Well Christian
Fellowship have joined with Taunton Youth for Christ io explore together funding and sourcing
replacement for this valuable work with young people and those with menial health issues.
Other eommunity projects thai our staff and volunteer5 have participating in include=
F￿dbank, Best Before Food Siort, Street Pastors and the Wellington One Team (that irKludes emergency
servi¢¢s, councils. social workers. housing associations, and the church in Wellington).
Page 3

Life Ctntral Ltd
Report of the Trnstees
for the Year Ended 31 M*r¢h 2024
With the growing economic and social crisis facinE so many in society, parti¢ulkrly with an
increase for those Slruggling with mentsl health and ¢tT]Otional ¢halleng¢s, spend2ng lime with
people, listening and supporting, often over a ¢offee or a m¢al ¢ontinues io be a central part of our
work.
This year has also seen the church commit 10 its regular rhythm of Sunday rnorning gatherings at St
John's Primary School. Whilst live streaming was useful to many during the pandemic. Life
Ceniral now makes use of re¢ordings which are weekly uploaded io YouTube for a wider audience
and those un#bl¢ ¢0 physically attend. The Messenger app continued as a place for prayer,
comTnunication and updates across ihe community wilh Tim also iniroducing a new more secure
means of connection through WhaisApp community groups. Our Website and Faceb(N)k usage
niinues to serve many and ha5 frquent visitors.
Wider Connection
Steve & Larisa while working as leaders continued to grow our relationship with Life Streams
Senior leadership ¢onnections - leaders within the UK and across the globe. giving both spiritual
accountability and mulual connection on a regular basis. Tim Bu¢kley, who was also connected io
Ihe Life Streams minisiry. has iherefore ¢ontinued to fiirther and enhance this ¢onne¢tion since his
arrival.
Overseas Pro
ects
A5 a church we have continued io support missiona] initialives in Belgium. Burundi and Kenya
with various proje¢is supporting some of the poorest people in the world.

Life CeDtral Ltd
Report of tht Trusttts
for the Year EDded 31 March 2024
srRUCTURE, GOVERNANCE AND MANAGEMENT
Governing do¢ument
The chariry is controlled by its governing d￿Ument. a deed of trusi and constiiutes a limiied company,
limited by guarantee, &s defined by th¢ CoTnpanies Act 2006.
The charily is a company limited by guarantee and wa5 incorporated on 8 December 2010. The objects and
powers of the charity are set out in ihe amended Memorandum of Association of 15 (ktober 2020 and it is
governed in ac￿rdanCe with its Articles of Association of 15 October 2020. li commenced ils charitable
activities on l April 2011. The company is ¢x¢rnpt from the use of "limited" in its name.
The Directors of the company are ils Trustees for the purpose5 of Charity Law and throughoul this report are
collectively referred to as Trustees. The Directors who Served in the year are set out below (page 4).
Recrnitment and *ppointmeknt of tru5tee5
New Trustees are appointed by ihe board of Trustees from suitable candidates who meei the criieria laid
down in the Articles of Associaiion. Trustees who have been invited to join the board attend an induction
m¢eiing where the duties arbA responsibilities of Trustees ar¢ explained.
GovernaDee and man*gement
The Trustees meei on an infomal ba%is two or three time5 a month. with at least four formal Trustees,
m¢¢tings a year. Management accounts are produ¢ed ai least monthly and are reviewed and dis¢ussed by the
Trustees. Day io day management of the charity is delegated io the pastor.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07463785 (England and Wales)
Registered Charity number
1140688
RegKstered office
Perry House
Blackmoor
West Buckland
TA219LH
Trustees
D T James- Resigned 15 August 2023
AFLane
Ms C Silverlighi
Independent Examiner
Cooper Associates Accountants Lid
40 Si James Buildings
St James Street
Taunton
Somerset
TAI IJR
Approved by order of the trf)ard of tnLStees on i!1 ILIW..... and signed on its behalf by: A F Lane- Trustee
Page 5

lttdeptttdtDt K￿Miler'S Rew)rt to tht Trusttts of
Life C¢rttr*l Ltd
Independent examiner'5 report to the tru51ee5 of Life Celllral Ltd ('the Company,)
I report to ihe charity trustees on my examination of the accounts of the Company for the year ended
31 Mar¢h 2024.
Responsibilities and basis of ￿t￿rt
As the charity's trusiees of ihe Company (Ar￿ also its directors for the purpN)ses of ¢ompany law) you are
responsible for the preparaiion of ihe ac¢ounis in a¢cordan¢e with ihe requirements of the Companies Act
2006 ('the 2006 Act.).
Having salisfied myself that the accounts of the Company are not required to be audited undeT Part 16 of the
2006 A¢1 and are eligible for independent examination. I report in respect of my examinalion of your
charity's accounts as carried oul under section 145 of ihe Charities Act 2011 ('the 2011 A¢i'). In carrying out
my examination I have followed th¢ Dir¢¢tions giv¢n by the Charily CMimission und¢r section 145(5) (b) of
the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my attention in connection with
the examination giving me cause to believe:
accounting records were not kept in ￿Spect of the Company as required by se¢tion 386 of rhe 2006
the accounts do not accord wilh those records- or
the accounts do not comply with the a¢¢ounting rwuirements of section 396 of the 2006 A¢1 other
Ihan any requirement that the accounts give a tr￿ and fair view which is not a matter considered as
part of an independent exarninarion- or
the a¢counts have noi been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charitie5 (applicable to Charities preparing
their accounts in accordance with the Fanancial Reporting Stsndard applicable in the UK and Republic
of Irelalld (FRS 102)).
I have no concerns and have ¢ome across no oiher matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of ihe accounts to be
reached.
Kevin PaTSODS FCCA
Cooper Associates Accountants Ltd
40 St James Buildings
St James Street
Taunton
Som¢rset
TAI IJR
Date..
Page 6

Life Central Lid
Statemen¢ of Financial Activities
for the Ye*r Ended 31 March 2024
2024
Unrestricied
Toial
funds
2023
Tolal
funds
Note5
DONA TIONS AND GIFTS RECEIVED
FROM
Donations and legacies
27.439
29,708
Investsnent income
23.271
Totsl
50,710
EXPENDITURE ON
Direct charitable expenditure
Direct charitable expenditure
Donations and gifts
Administration
Invesrment management
6,471
4,689
53,686
5.962
6.947
1.966
48.052
7.708
Maintenance and rates
3,765
8.661
Total
74,573
73.334
Profit on Disposal of property
40.0
NET INCOMEI(EXPENDITURE)
16,137
(18,904)
RECONCILIATION OF FUNDS
Total funds brought fornrd
556,170
575,074
TOTAL FUNDS CARRIED FORWARD
572,307
556,170
Th¢ notes forni part of these financial statements
Page 7

Life Central Lid
Balanee Sheet
31 Mareh 2024
2024
2023
Unrestricied
Totsl
funds
Total
funds
Noies
FIXED ASSETS
Tangible asse15
Investment property
2,925
3,899
540 000
382,925
543.899
CURRENT ASSETS
Debtors
Cash & bank and in hand
12,432
179.397
13,093
4.030
191,829
17.123
CREDITORS
Amounts falling due within one year
10
(2.447)
(4,852)
NET CURRENT ASSETS
189.382
TOTAL ASSETS LESS CURRENT
LIABILITIES
572,307
556.170
NET ASSETS
572.307
556,170
FUNDS
Unrestricted funds
572 307
556 170
TOTAL FUNDS
572 307
556 170
The charitable company is entitled to exemption fmm audit under Section 477 of ihe Companies Act 2006 for
the year ended 31 March 2024.
The mernbers have not required the company io obtain an audit of its financial statements for the year ended
31 Mar¢h 2024 in a¢cordance wilh Seciion 476 of the Compani¢s Act 2006.
The trustees acknowledge their re5ponsibililies for
(a)
ensuring that the charitable ¢ompany keeps ￿lunTIng records th* Comply with Sections 386 and 387
of the Companie5 Act 2006 and
(b) preparing financial Slalements which give a tnK and fair view of the state of affairs of the chariiable
¢ompany as at the end of each financial year and of its surplus or deficit for each financial year in
arxordance with the requirements of Sections 394 and 395 and which otherwise comply with th¢
requirements of the compani￿ Act 2006 relating to financial statements, so far as applicable to the
charitable Company.
The notes forn) part of these financial statements
Page
continued...

Life Central Ltd
Balance Sheet- continued
31 Marth 2024
These financial statements have been prepared in a¢¢ordance with ihe provisions applicable to charitable
¢ompanies subje¢l to lh¢ small ¢ompanie5 regime.
The ftnan¢ial statements were approv¢d by the Board of Trustees and auihorised for issue on
and were signed on its behalf by:
A F Lane- Trustee
rK>te5 form part of these finan¢iai statements
Page 9

Life Central Ltd
Notes ¢0 the Financial Statements
for the Year Ended JI March 2024
ACCOUNTING POLICIES
Basis of preparing the finantial sl*¢emettts
The financial statemenis of the charitable company. which is a publi¢ benefit entity under FRS 102,
have been prepared in ac¢ordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by
Charities- Stat¢m¢nt of R¢¢omm¢nded Practice applicable to charities preparing their accounts in
accordance wilh ihe Finan¢ial Reporting Sthndard appli¢able in UK and Republic of Ireland (FRS
102) (effective l January 2019).. Financial Reporting Siandard 102 'The Financial Rew)rting Standard
applicable in the UK and Republic of Ireland. and ihe Companies Act 2006. The financial slatements
have been prepared under the historic￿ cost convention, as modified by the revaluation of certain
assds.
Income
All income is recognised in ihe Ststement of Financial Activities once the charity has entiilement to
Ihe funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditu￿ as soon as there is a legal or constructive obligation
committing the charity lo that expenditure. it is probable that a transfer of economic benefils will be
required in settlement arKI the amount of the obligation can be mea5UTed reliably. EXpendilU￿ is
accounted for on an a¢cruals basis and ha5 been classified under headings thai aggregate all cost
related io the category. WI￿re Costs ¢annoi b¢ direcily attributed to particular headings they have been
allocated to activities on a b&sis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a
commiimeni but not accrued as expendilure.
Tangible fixed assets
Depre¢iation is provided at the following annual rates in order to write off each asset over its
estimaled useful life.
Fixtures and fittings
15Yo on reducing balance
InvestmeTrt property
Investment property is shown at mosi recent v￿uatIon. Any aggregate surplus or deficit arising from
changes in fair valu¢ is rewgni5ed in the Statement of Fina￿la] Activities.
T#x*tion
Th¢ ¢harity 15 exempt from Cor￿TatIon thx on its ¢haritsble activilies.
Fund *eeountiDg
Unrestricted funds ¢an be used in accordance with charithble objectives at the discretion of the
trustees.
Resiricted funds can only be used for particular resiri¢i¢d purposes within ihe object5 of the charily.
Restri¢tions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Page 10
continued...

L4fe Central Ltd
Notes to the Financial St4tements- continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES- continued
Fund aecountiDg
Further explanation of the nature and purrM)se of each fund is included in the notes to the financial
ststements.
Pension eo$t$ and other p)st-r¢¢irement benefits
The charitable company operates a defined ¢onlribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Ststement of Financial Activities in the
peri￿] to which tw relate.
INVESTMENT INCOME
2024
2023
Rents received
Bank interest received
21,191
24,701
21
23,271
24,722
NET INCOMFJ(EXPENDITURE)
in¢omel(expendiiure) is stated after charginyl(crediting)-
2024
2023
Depreciation- owned assets
975
1.300
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees. remun¢raiion or other benefits for the year ended 31 March 2024 nor for th¢
year ended 31 March 2023.
Tru$te¢s' ¢xpeAses
There were no trus*es' expense5 paid for year ended 31 March 2024 nor for the year ended
31 March 2023.
Page 11
continued...

Life Central Ltd
Notes to the Financial Statements- continued
lor the Year Ellded JI March 2024
STAFF COSTS
The average monthly number of employees during the year was &s follows:
2024
2023
Pasior and assistant paswr
No employees received emoluments in excess of £60.IXJO.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
DONATIONS AND GIFrs
RECEIVED FROM
Donaiions and le￿7eS
29,708
Investment income
24,722
Total
EXPENDITURE ON
Direct ch4ritable expenditure
Direct charitable expenditure
Donations and gifts
Adminisirdiion
Investment management
6.947
,966
48,052
7,708
Mainienance and rates
Total
NET INCOMFJ(EXPENDITURE)
(18,904)
RECONCILIATION OF FUIYDS
Totgl funds brought fornrd
575.074
TOTAL FUNDS CARRIED
FORWARD
556,170
Page 12
continued...

Life Central Ltd
Notes lo the Financial Statements- continued
for the Year Ended 31 March 2024
TANCIBLE FIXED ASSETS
Fixture5
and
fittings
COST
At l April 2023
Additions
27,626
At 31 March 2024
DEPRECIATION
At l April 2023
Charge for year
23.727
975
At 31 March 2024
24.702
NET BOOK VALUE
At 31 March 2024
2,925
At 31 March 2023
INVESTMENT PROPERTY
FAIR VALUE
At l April 2023
and 31 March 2024
380 000
NET BOOK VALUE
At 31 March 2024
380,000
Ai 31 March 2023
The investment properties were valued at open market value by Messrs Gibbins Richards. Estate
agents, of 37 High Sireet. Wellington. Somerset as ai 31 March 2018. The Trustees consider that the
valLte of the properties w&$ not significanily differeni ￿ 31 Ma￿h 2024 following the dis￿SaI of 3
Walkers gate in ihis year.
.Page 13
continued...

iafe C¢nlr*l Ltd
Notes to the Financial Statements- continued
for the Year EDded 31 March 2024
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Other debtors
Prepayments and accrued income
10,788
1,644
11,449
1,644
10. CREDtTORS: AMOUNTS FALLIiYC DUK wrrHIN ONE YEAR
2024
2023
Trade creditors
Social security and other tsxes
Other Creditors
Accruals and deferred income
1,203
3,121
498
147
147
1,097
II. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
556.170
16.137
572.307
TOTAL FUNDS
556 170
572,307
Nei movement in funds, in¢luded in the above are as follows=
Incoming
resources
Resour¢es
expended
Movement
in funds
Unrestricted funds
General fund
90,710
(74.573)
16,137
TOTAL FUNDS
74513)
Page 14
¢oniinued.-.

Life Centrdl Ltd
Notes to the Financial St8iements- continued
for the Year Ended 31 March 2024
ii.
MOVEMENT IN FUNDS- eontinued
Comparatives for movement ID funds
Net
movement
in funds
At
31.3.23
At 1.4.22
U￿r￿tricted funds
General fund
Buildings fund
35,074
540.000
(18.904)
16.170
540.000
575 074
556 170
TOTAL FU]YDS
575.074
18.904)
556,170
Comparative net movement In funds. included in the aiK)ve are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
54,430
(73,334)
(18,904)
TOTAL FUNDS
54,430
73,334)
18094)
Purpose of Buildings Fund (d¢5ign*ted fund)
The proceeds from the sale of the charity's fomer premises were designaied for ihe purchase of
properties to provide an in¢ome for the charity and for the purchase of r¢placern¢nt premises in which
to hold some of ihe charity's activities. The fund has been used io purchase the invesimeni properties
but ihe Trustees decided not to purchase replacement premises and so the unused Buildings Fltnd was
released io ihe General Fund in 2016. The Building5 Fund also include5 the revaluation reserve of
£51.525 (2021 £51,525) whi¢h represents the amount by which inve51ments ex¢eed their historical
cosi.
Page 15
¢onlinued...

Life Central Ltd
Notes to the Fillaneial St*tements- eontlDued
for the Year Ended JI March 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year eThJed 31 March 2024.
Page 16

Life Ctntr*l Ltd
Detailed StatemeD¢ of Financial Activities
lor the YvAr Ended 31 Marth 2024
2024
2023
DONATIONS AND GIFTS RECEtVED
Donations and leggcieg
Specific gifts
Tithes and Offerings
Tax refunds
20,817
6.622
26.299
27.439
29,708
Investmeot income
Rents received
Bank interest received
21,191
24.701
21
23.271
24,722
Total incoming resomrees
50.710
54,430
EXPEI¥DITURE
Direct cbaritable expendIt￿re
Travel, hotel & hospitaliiy
Teaching resources
Sundries
Gifts - Donations and support
5.600
73
798
4,689
5,556
182
1,209
1,966
11.160
8.913
Maiotenanee rntes
Repairs and renewa15
Rent and rates
Light and heat
3,765
6,532
3,765
8,661
Adnhinistration
AdministTatioD
Wages
Legal and professional fee5
Insurance
Carried forward
45.269
3,139
471
48.819
40,179
986
647
41,812
This page does not fonn part of th¢ #atuiory fina￿la] statements
Page 17

iafe Central Ltd
Detailed Statement of Financial Aetivitles
for the Year Ended 31 M*r¢h 21124
2024
2023
Administrdtion
B Tought forward
Telephone
Printing, staiionary, postage, IT. website
and advertising
Bank charges and inierest
Subscriptions
Depreciaiion of tsngible heritsge asse
48.819
1,721
41,812
2,523
1,595
1.931
395
975
369
1,300
53,686
48.052
Investment management
Maintenance of investment properties
Insurance
Agent fees
3.131
785
2,046
3,914
852
2.942
5.962
Totsl resources expended
74,573
73.334
Profit on disposal of property
40,000
Ntt ¢xpeMditsre
16,137
18.904)
This page does not forni W ofihe Swutory finan¢ial ststements
Page 18