REGISTERED COMPANY NUMBER: 07463785 (England and Wales) REGISTERED CHARITY NUMBER: 1140688 Report of the Trnstees and UDudlted Flnncfil Sttements for the Year Ended 31 March 2025 for Llfe CeDtrl Ltd Cooper Associates A¢countsnts Ltd 40 St James Build&ngs St James Street Taunton Somerset TAI IJR AEI?N076¥ 3111212025 COMPANIES HOUSE A07
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L4fe Central Ltd Contents of tbe FIDnti81 Statements for the Year Ended 31 March 2025 Page Report of the Trustees I to 5 IndependeDt Examiner's RepTrrt Slatement ofFinaDcial Activities Balan¢e Sheet 8 to 9 otes to the Fin4121 Stslem¢Dts 10 to 16 Detslled Statement of Trlwn¢il Activitks 167to 18
L4fe celltr Ltd Rep)rt of the Truytees for the Year Ended 31 March 2025 The 1ftte8 who are also directors of the chanty for the purposes of the Companies Act 2006, present their report with the fillancial statements of the charity for tbe year eDded 31 Marcb 2025. The trustees have adopted the provisioTJs of Accounting and Rewling by Cbarities: Ststement of Recommended Prnctice applicable to cbarities prepariog their accouDts in accordance with the Financial Reporting Stsndard applicable the UK arÉd Republic of treland (FRS 102) (effethive l January 2019). oBcTIVEs AND AcfiviTIES Purposes and aims The charity's pu4)oscs and ain as scl out ID th¢ Mcmorandurn of AssociatioD ar¢.. l. To advance the ¢ducats"on of the public of all ages in the subjecl of Christian Edu(10. ireasing individuals. capabilitie& mpefrn¢ie& skills and widerstsnding. based on Christian principles for living. 2. To advance the Christian Faith for the benefit of the public by whatever means. including worship. prayer and teaching of Christian doctrine avkl principles to equip and enlighte others. 3. To train and develop the capacity and skilts of the disadvaotsge41 and people generally within the commutiilies in whicb we work ID such a way that thcy ar¢ tter abk to identify. and help meet, tbeir needs and to participa* more fully in soctety. 4. To relieve sickne&%. poor health and old age amongst people suffeting from mental or physical illnes5 of any description or in need of rehabili13tion as a resuli of such illness. by provision of education. Irdining. practical 5UPPOrt and advice, facilities and services not llomiajly Provided by the statutory authorities. 5. The prevention or relief of rKsverty or financial hardship anywhere in the world by providing or &SSiSting in the provision of educatio trainiD8. h¢althwe and pracllcal projects and necessary support designed to enable individuals to generaie a suslainabl¢ iD¢ome and b¢ s¢lf-sufficient. The cb8rity aims to follow its ObJtiveS among the young. tbe elderly. the pwr and needy. the vulnerable and disadvantag¢d, thos¢ seeking a5ylw and refugees. These objectives are pursued without discriminalio on grounds of r&e. gender. disability. sexual orientatioo age or trligion. Athieving our objecilves We review our aims and objectives each year. The review ]kS al what we achieved and the outcome of our work in the previous 12 months. The Tevivw looks at the success of each key activity and the benefiis they brought to those UpS of people we aim to se. Page I
Life Central Lid Report of the Trust¢¢s for the Year Ended 31 March 2025 OBJECTIVES AIYD ACTIVITIES Revlew of activities Over the last year. Life Central Church ljas sought to build on the stroDg foutthtion5 and resurgence of confidence that tb¢ new leaders of the comtnuDity. Tim and SaTah Buckley have Striven to establish as we have wntinued to facilitate various gathered worskn'p and prayer times. past[ SLWrt and a commitment to wider community seryice. Despite the ongoing problems facing churches a0&$ the UK of all denominations and sizes including fundraising struggles, a reduction in volunteers and of cours¢ th¢ national cwnomic challenges such as ib¢ 'cost of living crisis, _ we Ikre at Life Central bave bad much to celebrate aDd bc thankful for. This report will Cover and descTibe our contimiing efforts best deliver our ¢haTitsble aims in Wellington and beyond. This year. we have sought build upon the strong foundations laid by our new leadership. continuing to re.envi510n and rebuild together bringing grealer cotPOTate understanding of our purpose and vision a5 a church cotnmunity. ArnoDgst many ¢vents. we have ¢njoy¢d various weekend training opwrlunities which were open to other local church¢s and individuals and have also b¢¢n able to w¢Irne new iDto the community. Staff. Having been taken ou as an employed 11 time 5eDior leader and non-voting m¢mber of the board back in DeMber 2024, Rev'd Tim Buckley and bis wift Sarah have contioued to strengthen the wider leadership of the church. Several new tnteeS were invited to join the board as Directors and Christine Silverlight agreed to serve as chair of trustees for ai least one more year. A leam of 6 Elders including Tim aDd Sarah. additionally tak¢ r¢swnsibilily for guiding the spiri1 direciion and forniation of the Church community. Thriwghout this period. Sarah Pat50Ds bas continued as our bookk¢ry)u botb in [S0 and using online t(KJls, used by ber and the wider team, including Xero & Hubdoc. systems for cloud-based accounting. IAtion and property. For this year. with Tim and Sarah Buckley still living aod weekjy commuting from their home in Bath. our fonnal address became the address of our Chair of Tnte¢S Cbristine Silverlight: Perry House. Blackmoor. Wellington TA219LH A shared office space at The Well Christian Fellowship has remained available for us to make use of it &8 required, for which we are greatly appreciative. Tim. like his predecessor Steve, has enjoyed a similar patt¢n of working from home and making use of the incredibly helpfi Page 2
Life Central Ltd Report Of the Trnsttes for lh¢ Year Ettded 31 Marth 2025 shared'well" space, especially for the continued safe stordge of olT)¢c quipmenL it¢UL8 and fil¢$ along with some pastoral methings. At the end of this financial year. Tim and SaTah additionally decided to explore selliug iheiT house ID Bath and moving pernwi¢ntly to Wellington to better estsblish and s¢rve the vision of the churcb community there. During this year, Life Centrnl continued to hold residential properties that provide low priced accommodation in the community, especially to thos¢ in n¢ed. These prortieS SUPlM)rt two refyee families that are housed in partnership with local action 'TauntOD Refugee Support Group. and Sussex County C(xJncil. These properties continue to be a regular source of income for u5 but a priced al a level beneath market rates to belp these financially pressured families and as such. have wntinued to be an important part of our I(1 ministry. Clem Woodward (estate ag¢nts) continued as our management company for ih)th houses and ensured that all legal requirements and obligations were meL At a lime where the rental seclor conliDues to experience great Pressure and demand, Cl¢m Woodward has played an important role in guiding us during the many ¢hanges to landlord laws and responsibilTrties. This year we bave additionally explored the wissibility of 5¢11ing onc of th¢ prop¢rti¢s with a view to ¢ODsolidatiThg our f8¢181 position olld liquidating some assets to open fr&8h opp)rtumties for nvV rni&8ional al cotDmutLity engagement projects under our newly developing vision. We again approached Falcon Housing knociation in early 2024 to explore tbem pwchasing one of our propenies with the ongoing proviso tbat they would keep the tenant on a favourable Ipossibly lower) rent moiing forward. They are very wsitive aknut doing so and a decision will probably be decided upon by the tThst¢e5 of Lif¢ Central in the next fuwicial year. Tkvs possibility would allow Life Central Church to be fiffther financially stable and more able engage in furthering its charitable aims and objectives in new ways. WellingtOD Community. We continue to passionately support social action needs throughout Wcllington with evident and effertive impa¢t. Christine DisDey. a member of our church community continued to s¢rve a5 moderator (Chair) of Wellington Churches Together {WCD uotil Jan 2025. Her husband Steve. aLso agreed to tske on the Tole of tre&surer of WCT. We continue to support 'Wacky Wednesdays. durin8 schfy)I hoiuJaJB wlu"¢h again have great impact with th¢ Howard R03d proJt. As always, Wellington Street Fairs w¢re filY Supported with church stalls and volunteers serving and in attendance to continue with others to bring great benefit to the wider community. We remain meeting weekly in the heart of Wellington on Sunday mornings St Johos Primary School. where a member of the churcb family continues to serve as a governor of ihe school with responsibility for building church- school faith links and sup)rIg e4llective worship requirements. An additional Bovernor is b¢in8 SOU8ht from amoTÈgst our church community. to additionally SUprt the Sch1. Page 2
L4fe centr Ltd Report of tht Trnstees for the Yur Ettded 31 March 2025 With the great support and cncouragement of the Head and management team of Courtfields Secondary School, Life Central and Wellington bascd church¢s Living Light and The Well Christian Fellowship joined last year with Taunton Youth for ChTi5t to collectively fund and p&¥torally support a part time chaplain for rhe h0O1. Thi5 valuable work with young people, especia]ly those with mentsl health or b¢havioural issues has had an enormously positive and identifiable impact OD the whole school community and we have ommitted to a fiher year's fuwicial 5UPPOrt for Chole in this expanding rol¢. Other community projects that our team and volunteers have been participating in include: FoodbanK Best Before Fcod Store and Street P&8tors. With the ongoing economic and s(Kial Crisis faciDg so many in society, particularly wiib an increase for those strugglADg with mentsl health and emotional challenges. spending time with people, listening and supporting. often ovw a ¢offee or a meal continues to be a central tenet of our local work. Over the year. the cbureh has continued to develop and enhanc¢ lis regular rhythm of Sunday morning gatherings at St John's Primary School along with multiple Mid wttk"Life Hub" bome gatherings. Life Central also coutinucs to make use of video Tecordings which are weekly uploaded to YouTube for a wider audience and those unabl¢ to physically attend. Our WhatsApp Life Central Connect groups service has also grown as a pla¢¢ for prdy¢r. wrnmun1catio c{MelOn and ukNlates across the commutsity. Our Website and Facebrrt>k usage serv&8 many and has fre4uent visitors 4j plans are uodepway to refresb theo) in early 2026. Wider ConJectlODS. Tim and Sarnh whil¢ working as lo1 Icadus continued to develop their relationship with Life Streams senior leadership cOnntiOnS- leaders within the UK and across the globe, giving both spiritual accountability and mutual nnectIOn on a regular basis. Boih Tim and SaTah attended the Life Strcams Senior l¢aders conference in Chicago in October of 2024 along with twice monthly zoom 8ath¢rin85 for these leaders. Overseas Project5. As a cburch we have contioued to supp)rt missional initiatives iti Belgium and Burundi across various projects supporting SQD]e of the poorest people ill the world atsd are additionally exploring tial new overseas minkstries and connections for example in Keoya and Sri Laoka. Paxe 4
Life Cenirll Ltd Report of the Trustees for the Yer Ended 31 Marcb 2025 STRUCTURE, GOVERNANCE A]¥D MANAGEMENT Governlng doeument The charity is controlled by its governing d(KumenL a deed of trusL and Con1¢5 a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is a company limited by guarantee and was incorrated on 8 December 2010. The objects and powers of Ibe cbarity are se¢ out in the arnended Memordndum of Association of 15 October 2020 and it is governed in accordance with its Articles of Associatiou of 15 October 2020. It commenced its charitable activilies on l April 2011. The compaDy is exempl froo) the usc of "limited. in its nan)¢. The Dire¢tt)r5 of the CA)mpany are its Tne¢S for the puzp05es of Charity Law and throughout this report are collectively refeed to as Trustees. The Directors who served in the year are s¢¢ out below (page 4). Reerultment and appofin¢ment of Dew tru$t¢es New TnteeS are apwinted by the board of Trust5 from surtJble wididat¢s vlho me¢t the criteria laid down ill the Articl¢s of Association. Trustees wbo have been invited to join the board attend an induction meeting where the duties and responsibilities of TnL8iees are explained. GoverD•D¢¢ and maDagemeNt The Tnjstees meet on an infotrn81 basis two or three times a month. with at least four fomlai TTUStees' Euectings a year. DdanagemeDt accounis are prluCed ai Irasl monthly aod arc reviewed and discussed by the Tte¢s. Day to day management of the chariry is delegaied to th¢ pasior. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07463785 (England and Walas) Reglstered Chrity number 1140688 Registered oifi¢e Peny House Blacknioor West Buckland TA219LH Trnstees A F Lane- retired 1411012024 Ms C Silverlight Ms B Nayeb Ms K Moore Mr P Elliston Mr B Johnson Ittdependent Exanbhner Cooper As50ciales Accountants Lid 40 St Jame5 Street Taunlon TAI IJR Approved by OTd¢r of the board of truste¢s on 2dukp75and signed OD its bebalf by: Ms C Silverlight Pag¢ 5
Independent Euminer's Report to th¢ Trnteu of Llfe Central Ltd Independent examiner'$ report to the tru5teo of IAfe Centr¥1 Ltd ('the Company,) I r¢port to the charity trustces on my examination of the accounts of the Company foT the year ended 31 March 2025. Responsibilttfies And basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the prepardtion of the accounts ID accordance with the requir¢JD¢nts of the Companies Aet 2006 ('the 2006 Act,). Having satisfied myself that the accounts of Ibe Cixnpny are not rcquir¢d to bc audiled under Part 16 of the 2006 Act and are eligible for independent examination, I report in ra$t of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 ACY). In carrying out rny examination I have followed the Directions given by the Charity Commisston uod¢T sectiol) 145(5) (b) of the 2011 ACL Independent ¢xamiD¢r's statement I have completed my exarninatioll. I confiErn that no matters have come to my attention in connxtion with the examination giving me tause to irlieve: accounting records were not kept in respe£t of the Company as required by section 386 of the 2(M)6 the Counts do not acrd with those records. or 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 vivw which is not a matter considered as part of an independent examination. or the accounts bave not been pr¢pared in accordanc¢ with ibe methods and principles of the Statement of Recommended Prdctice for accounting and reporting by chariiics (applicable to charities preparing Iheir accounts in accordan(x with the Finawial Reportll Staodard applicable ill the UK and R¢publi of Ireland {FRS 102)). I have DO concerDS and have come across no other matters in conneetion with the ¢xamination to which attention Should be drawn in this rert in order lo enable a proper understsndin8 of the accowlts lo be rea¢h¢d. Kevin Parsons FCCA Cooper Associates Accountsnts 40 St James Buildings St Jame5 Street Taunton Somer5et TAI IJR Date- ............................................. Page 6
Lift Central Ltd Statement of FiDaD¢i21 Activltles for the Year Eoded 31 March 2025 2025 UDrestrictcd Totsl fi(ts 2024 Total fi(ts DONATIONS AND GIFfs RECEIVED FROM Donations and l¢ga¢ies 21,797 27,439 IovestmeDt in¢ome To¢al EXPENDITURE ON Dlrect ¢haritabl¢ expelldtthre Dir¢¢t ¢IrIble expenditure Donations and gifts Administration Investment management 10,975 I,O(K) 38,636 3,796 6.471 4,689 53,686 5.962 Maintenance and ral¢s 4.018 Total 58.425 74.573 Profit on Disposal of proi 40,000 NET INCOMFJ(EXPENDITURE) (14289) 16.137 RECONCILIATION OF FUNDS Total llds brought fonvard 572.307 556,170 TOTAL FUNDS CARRIED FORWARD 558.018 572.307 The notes forni part of th&se fmanci81 statements Page 7
Life centr Ltd Blnce She 31 Mxrch 2025 2025 2024 Unrestricted Total funds Total funds Notes FIXED ASSETS Tangible assets InvestEnenl PToperty 2.646 2,925 380.0(MI 382.646 382,925 CURRENf ASSETS Debtors Cash at bank and in hand 11.960 12.432 179.397 176,062 191,829 CREDITORS Amounts falling due withtn one year 10 (690) (2,447) NET CURRENT ASSETS 175 372 189.382 TOTAL ASSETS LESS CURRENT LIABILITIES 558,018 572.307 NET ASSETS 558018 572 307 li Unrestricted funds 558 018 572 307 TOTAL FUNDS 558 018 572 307 The Chtable company is entitled to exemplioD from audit under Seaion 477 of the Companies Act 20( for the y¢ar cndcd 31 March 2025. The members have not required the company lo obtain an audit of its finallcial statem¢nts for th¢ year ¢nd¢d 31 March 2025 in accordance with Section 476 of the Companies Act 20(16. The truste&8 acknowledge their reSnsIbIlitieS f (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Compauies Act 2006 and (b) preparing financial statements which gJv¢ a true and fair view of the state of affairs of tbe charitable company as at the eod of each fiDaDcial year and of its surplus or deficit for each financia] year in accordance with the requirements of Seclions 394 and 395 and which otherwise comply with the tequirements of the Companies Act 2006 relating to financial staiements, so far as appli¢abl¢ to th¢ charitable company. Th¢ notr5 fonn part of th financial ststements Page 8 continued...
Ufe Central Ltd Balance Sheet- contlnued 31 March 2025 These financial slatements have been prepared in accordance with the provisions applicable to charitsble ompanies subject to the small companies regim¢. The financial statements were approved by the Board of Trustees and authorised for issue on X).[Rl%o and were signed ou its behalf by: Ms C Silverlight The notcs fonn part of the5c fmanciai statuncnts Pa8e 9
IAfe Central Ltd Notes to the Flnantlal Ststements for the Ye•r EDded 31 Marth 2025 ACCOUNTING POLICIES B251$ of prepAring the financlal statements The finaDeial statements of the charitable company. which is a public kDefit entity under FRS 102, have been prepared in accordance with the Clwities SORP (FRS 102) 'Accounting alld Reportin8 by Charitics.. Staternent of Recommended Practice applible lo ¢haritie5 pr¢paritEg their a¢counts io
ccordance with the Financia] Reporting Standard applicable in the UK and R¢public of Ireland IFRS
102) (effective l January 2019}', Financial Reporting Standard 102 Tbe Financial Reporting Standard applicable in the UK and Republic of Ireland, and tbc Companies Act 2(K)6. The fiDan¢ial statcments have been prepared under the historical cost convention. as modified by the ievaluJtiOD of G¢rtain a55et5. IDcome All income is recognAsed in th¢ Stst¢m¢nt of FI[wl*l Adiviti¢S once the charity has entitlern¢nt to the funds. it is probable that the incorne will be received and the amouDt can be measured reliably. ExpeDdhure Liabilities are recognised as expenditure as as there is a legal OT nStrUCtive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlemenr and the amount of the obligaiion can be meawred reliably. Expenditure is accounted for ¢)n an ac¢nlS basis and has been cla&sified under beadings that a88re8ate all cost relad to the category. Where costs cannot be dirxtly attributed to parfi¢ulaT headings th¢y have been allocated to activiries on 4 basis CODSiSt¢nt with the us¢ of r¢wUr. Grants offered subject to Conditions which have not been met at the year end date are noted a Commitment but aol accrued as expenditur¢. Tangible fixed gssets Ikpr¢¢iation is provided at the following annual rates in order to write off each asset over its estimated usehl life. Fixtures and fittings 1SY• on reducing balance Investment property Investtneni property is shown at most recent valuation. Any ag8regat¢ S1S or d¢ficit arising from changes in fair value is recognised in the Statement of Financial Activities. Taxation The Charity 15 exempt from corwr8tion tax ott its cbaritable aclivities. Fllhd aceountlng Unrestricted funds cao be used in acCOrdae with the clwitable objectives at the discretion of the trnstee5. Restricted fim(ts can only be used for particular restricted purposes witbtn the objects of ihe charity. Restrirtions arise when 5pe¢ified by the donor or when funds are raised for particular restricted purposes. Page 10 continued...
ure Central Ltd Notes to the FSnn¢il Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLlCtES- eontlnued Fund Wccounting Further explanation of the nature and purpose of eacb fimd is included ID the rh)te5 to the financial statements. PensloD costs and otbtr post-retlrement benefits Th¢ charitable company operates a defmed contrib1( pcnsion 5cbemc. Contributions payable tt) the charilablc company's pension scheme are charged to the Statement of Financial Adivities in the peTiod to whi¢h they relate. INVESTMENT INCOME 2025 2024 Rents received Bank interest rec¢ived 19.116 21,191 2.080 23.271 NET INCOMEI(EXPENDITURE) Net income1(expendinc} is stated aft¢r charginW(cTediting): 2025 2024 Depreciation- owll &4sets 882 975 TRUSTELS, REMUNERATION AND BENEFITS There were no truslees, Temun*10D or other benefits for the year ended 31 March 2025 nor for the year ended 31 Mar¢b 2024. Trustees, expenses There were Do trwtees. expen5 paid for th¢ year ended 31 March 2025 nor for the year ended 31 March 2024. Pagell ontinued...
iafe Central Ltd Notes to the Trlnanci•l StatemeDts- Continued for the Yw Ended 31 Mareh 2025 STAFF COSTS The average monillly nunknt of employ¢¢s during th¢ year was a5 follow5: 2025 2024 Pastor and assistani pastor No employees Teceived cmoluments Rn exc¢ss of £60.(M)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrictsd fimds DONATIONS AND GIFTS RECEIVED FROM Donations and legacies 27.439 Investment incomc Totgl 50.710 EXPENDITURE ON Dlrect charitable expendlthre Direct ¢baritable eXiditure Donations and gifts Administration Inve5tm¢nt managerneul 6.471 4,689 53.686 5,962 Maintenance and rates Total Profit on DisFX)sal of property 40.000 NET INCOMEIIEXPENDITURE) 16,137 RECONCILIATION OF FifNDS Tot•1 fulld$ brnu£ht fonv*rd 556,170 TOTAL FtINDS CARRIED FORWARD 572 307 Page 12 ontioued...
Iof¢ Central Ltd Notes to the Flnan¢iaR Ststements- conthitted for the Year EDded 31 Mareh 2025 TANGIBLE FIXED ASSETS Fixtures and fittin85 COST Ai l April 2024 Additions 27.626 604 A¢ 31 March 2025 DEPRECIATION Ar l April 2024 Charg¢ for y¢ar 24.702 882 At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 2.925 INVESTMENT PROPERTY FAIR VALUE At l April 2024 and 31 March 2025 380.000 NET BOOK VALUE Ai 31 Marcb 2025 At 31 March 2024 Th¢ investmenl properties were valued at open mat*el value by Me55rs Gibb&DS Richards. Ests agents. of 37 High StreeL Wellington. Somerset as at 31 March 2018. The Tntstecs consider that the value of the properties was not sigDifi¢antly different at 31 Marcb 2025. Page 13 continued...
iafe CeJtr*l Ltd Notes to tbe FItsattd Ststements - conthiued for the Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayinents and acced income 10,788 1.172 10.788 10. CREDITORS: AMouNfs FALLING DUE THIN ONE YEAR 2025 2024 Trade creth'tors Social security and othertsxes Other creditOTS Accrn&ls and deferred income ,203 147 690 690 11. MOVEMENT IN FifNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrirted funds General furkd 572.307 (l4,289) 558.018 TOTAL FUNDS 572 307 558,018 Net movement in fimds. included in the aiK>ve are as follows: lJ)coming R¢source5 Movement resources expended in funds Unrestrfeted funds General fund 44.136 (58.425) (14.289) TOTAL FUNDS 44,136 58.425 14.289) Pa8¢ 14 continued...
IAfe Centrl Ltd Note5 to the Fthancial Ststements- CODdnued for the Yr EDded 31 mch 2025 11. MOVEMENT IN FUNDS- continued Comparatlve$ for Movement in hnds Net moVeD)t in funds At 31.3.24 A¢ 1.4.23 Unrestricted funds General fimd Buildings fund 16,170 16.137 32.307 540 000 556.170 572 307 TOTAL FUNDS 556.170 16.137 572,307 Comparative net movement in fund& included in the aiK)ve are &8 follows: Inconiiog Resources resources expended Movement in fiS Unrestricted funds General fijnd .710 (74,573) 16,137 TOTAL FUNDS 9).710 74,573 16,137 Purpose ofBuildings Fund (dtsignated nd) Tbe PToce¢ds from the sale of the chayiry's fornler premises wue dcsigDated foT the purchase of prop¢rti¢5 to provide an income for the charity and for the pUr¢ba of repla¢emeDt premises in which to hold some of the charity's activities. The fund b&5 been to purch the investment properties but th¢ Trustees decided not to purchas¢ rwlacement premises and so the unused Buildings Fund was released to tbe General Fund in 2016. The Buildings Fund also Includes the revaluation reserve of £51.525 (2021 - £51,525) which repr¢s¢nts th¢ amount by Iwhich iDvesments excecd their historical cost. Page 15 continued...
Llfe celltr Ltd Nott5 to the F1llancial Staiements - contlDued for the Ye¥r Ended 31 Mareh 2025 12. RELATED PARTY DISCLOSiIRES There w¢re no teled party trdnsactioos for th¢ year ¢nded 31 March 2025. Page 16
Life Central Ltd Detslled Statement of Fltsanclal Atflvldes for the Year Ended 31 March 2025 2025 2024 DONATIONS AND GIFfs RECEIVED Don*tlolls and legades Specific ftS Tithes and Offerings Tax rendS 21.797 20,817 21,797 27.439 Inv¢51ment ineome Rents received Bank interest reived 19,116 21,191 22J39 23.271 Total Incoming rmources 44.136 50.710 EXPENDITURE Dirert charitable eypenditsre Trnvel, hotel & hospitaliry Teaching r¢sour¢es Sundri¢s GAfts- Donations and 5UPPOrt 9.737 47 1,191 5.600 73 798 11,975 11,160 Mrdintenance and rates Repairs and renewals Rent and rat Light and heat 168 3.850 3.765 4.018 3.765 Admlnlstration AdmlnfistratioD Wages Legal and professional fees Insurance Carried forward 33254 1.445 473 35,172 45.269 3.139 471 48.819 This page does not forni port of thc statutory rUwla1 statements Page 17
IAfe Centrnl Ltd Detsited Statement of Financial A¢tlvities for the Ye*r Ended 3J Marcb 2025 2024 2023 Adminlstration Brought forward Telephone Printing. ststionary, Ige. IT, website aDd advertising Bank charges and interest Subscriptions Dq)reciation of tsngible and heritage assets 35.172 333 48.819 1.721 1,778 139 332 882 1.595 121 395 975 38.636 53.686 Investment man¥gemeDt Maintenance of investtnent properties Insurance Agent fees 1.162 799 1.835 3,131 785 2,046 Totsl Tesources expended Profit on disposal of property 40,000 Net expenditure 58.425 16.137 This page does not fonn part of the ststutory financial statements Page 18