## LIFE CHRISTIAN CENTRE ## **ANNUAL REPORT AND ACCOUNTS** **YEAR ENDING 31[ST] MARCH 2023** **1 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **LIFE CHRISTIAN CENTRE ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS** ||**PAGES**| |---|---| |Charity Information
Trustees’ Report
Independent Examiner’s Report
Administration ' Report
Income & Expenditure Statement
Financial Position Statement
Notes to the Accounts
Detailed Financial Statement|**3**
**4**
**9**
**10**
**11**
**12**
**15**
**20**| **2 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **LIFE CHRISTIAN CENTRE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023** ## **Trustees** - J Maunder - T A Muti - C Jena - E C Mutsigwa **Charity Number: 1177665** ## **Registered Office** **Life Christian Centre Edison Road WALSALL WS2 7EZ** Phone: 078085440041 Email: No information available Website: https://lifechristiancentre.or **3 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## LIFE CHRISTIAN CENTRE (LCC) – TRUSTEES’ REPORT The Trustees presents this Annual Report and Accounts for the year ended 31 March 2023. ## **Trustees** - J Maunder (Chairperson) - T A Muti (Admin) - C Jena - E C Mutsigwa All held office during the whole of the period. ## Objectives and Activities ## Purpose The advancement of the Christian faith, in particular but not exclusively by promoting Christian values through teaching and training. ## Main Activities Life Christian Centre is a Midlands based community church and operates from Beechdale Walsall. Its membership, however, stretches beyond this community to include the rest of the West Midlands. The Charity is run and guided by Reverend John Maunder, together with and support from other Trustees and a range of volunteer teams who oversee various aspects of the church's life and work. The main activity of Life Christian Centre is the development and naturing what God has given us and to be an increasingly effective centre for our local community, giving people of every age the opportunity to experience the love of God, in Jesus, through the Spirit for themselves. Our mission is outlined as follows: - Advancement of the Christian Faith in accordance with the doctrines set out in article of faith and the worship of God in the county of West Midlands and elsewhere. - Provide a place of prayer, teaching on Christian Values, encouragement and support for our members and members of the community. - Relief of persons who are in conditions of need, hardship and distress or who are aged and sick. - Engage in appropriate Christian outreach to those who do not consider themselves as Christians. - To support the work of Christians around the world - **4 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## Achievements and Performance We all thought the dust had settled post the pandemic as the society opened up. On reflection the year 2022/23 has largely remained turbulent. The Russia-Ukraine War, though far removed from us, it has had considerable impact on the church indirectly and the society at large. The war has triggered global inflation which to a great extend has affected the society and the church’s ability to carry out its charitable work and meet its commitment effectively. As reflected elsewhere in the report the Charity’s finances have remained stretched due to changes in the cost structures and members’ ability to make meaningful contributions. In the meantime, although the churches were now fully opened and accessible, it appears it has remained challenging to attain the pre Covid member attendance. Attendance has remained low, as people are now used to stay at home and preferred to venture out less. The pandemic, it seems has had permanent impact on social behaviour and how the charity members interact. We have to now accept that we ae now stuck with the social norms that came along with Covid-19. Our Bible Study and Prayer Meetings have mostly remained online – on Zoom Platform. Even though the intention of keeping this option was to encourage attendance, the participation has remained poor. In the year we have continued with the Sunday Services were being held every Sunday from 11 AM. We had very successful conference the course of the year which was well attended. We believe the Church remains a sanctuary, and a place that rekindles our hope in a broken world. ## Trustee Remuneration No members of the Trustee Board received any remuneration or allowance in the year under review All work input carried out and benefiting the Charity has been done on a voluntary basis. ## Financial Review Overall income received in the period under review was **£29, 403** The increase was due to Gift Aid provision which had not been claimed in the previous year and paid out in kind contributions which had not been considered in the previous years. The Sunday Service direct cash collections were very low in the period under consideration post Covid. This is a deviation from the norm in under normal circumstances would make up at least 18 percent of the total revenue. We also had no Special Projects Pledge funding another revenue income driver in the past Financial Years. There were no projects that were carried out in the financial year as we focused on rebuilding and getting membership back to normal attendance post the Covid 19 Period. The small amounts from Sunday contributions in this Financial Year have been combined with the usual voluntary contributions from members making this the main source of the Charity’s source of revenue contributing **56%** of the total revenue. The funds expanded in the period totalled **£32,800** with energy costs being the major contributor, resulting in a negative Reserve Fund movement of **-£3,428** . There was a massive five fold increase **5 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 of energy costs from the previous year **(£9,139 vs £1,413).** Going forward there is need to look into how we can minimise our energy costs, taking into consideration that we only make use of energy once in a week on Sundays for less than four hours. Analysis of the energy bills indicate that a large proportion of the energy charges emanate from standing charges which it seems we cannot do anything about. ## **Revenue Over the Years** **----- Start of picture text -----**
Revenues
50000
40000
30000
20000
10000
0
2016 2017 2018 2020 2021 2022 2023
YEAR
Gift Aid Building Fund Ladies Teas contributions
Offering Other Room Hire
Special Projects Funding Tithes & Offering
£
**----- End of picture text -----**
*Note that 2016 & 2017 it was before the Charity was registered ## **Expenditure** **----- Start of picture text -----**
EXPENDITURE
Governance
Costs Administrative
Expenses
Administration:
Salaries &
Wages
Direct Charity
Activities
**----- End of picture text -----**
**6 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **----- Start of picture text -----**
DETAILED EXPENDITURE 2023
Maint Costs
Donations & Contribuitons
6% 7%
Conference Costs
10% 9%
0% Pastoral Related Expenses
3% 4%
Energy & Utility Costs
8% Statutory Costs
22% Rentals
Communications
1% 30% Wages
Teas & Entertainment
Other
**----- End of picture text -----**
## Reserves The trustees define the charity’s free reserves as unrestricted assets which are available to the charity and to be expended at the Trustees’ discretion in furtherance of any of the charity’s objectives, but which has not yet been spent, committed or designated. To meet our monthly critical expenses mainly the energy and rentals an average of £1,500 is required. The trustees confirm that the free reserves should be held at a minimum of £4,500 representing an average of three month’s monthly expenses. At the end of the year the available cash both savings and current account balance were £8,500 which we looks comfortable at the time of compiling this report. However, of concern if the current trend continues, in which we continue eating into our reserves, this may expose the Charity into financial risk and action need to be taken to reverse this trend. The reserves built from the previous years have helped us to pull through in the this very challenging period and the Charity looks forward for things to start improving. J Maunder **Chairperson** **7 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 Statement of Trustees' Responsibilities The Trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations. Our constitution requires the Trustees to prepare accounts for each financial year. Under our constitution, the Trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under our constitution the Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the Income or Expenditure of the Charity for that period. In preparing these accounts, the Trustees are required to: - - (1) select suitable accounting policies and then apply them consistently. - (2) make judgements and estimates that are reasonable and prudent; and - (3) prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Accounting Standards. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Board of Trustees J Maunder (Chairperson) Trustee Approved by the board on: 10 December 2023 **8 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **9 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## LIFE CHRISTIAN CENTRE ADMIN REPORT ## **Administration' report to the Trustees of Life Christian Centre on the preparation of the unaudited statutory accounts for the year ended 31 March 2023.** In order to assist you to fulfil your duties under your constitution, we have prepared for your approval the accounts of Life Christian Centre for the period ended 31 March 2022 as set out on pages 9 to 20 from the LCC’s accounting records and from information and explanations you have given us. This report is made solely to the Board of Trustees of Life Christian Centre, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Life Christian Centre and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Life Christian Centre and its Board of Trustees as a body for our work or for this report. It is your duty to ensure that Life Christian Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Income of Life Christian Centre. You consider that Life Christian Centre is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Life Christian Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. **10 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **Life Christian Centre** ## **Income & Expenditure Statement** 12 Month For Year Ended 31 March 2023 |**_Notes_**
**Incoming Resources**
_4_
**Fund Raising Costs**
**Gross Income**
**Administrative Expenses**
_5_
**Administration: Salaries & Wages**
_6_
**Direct Charity Activities**
_7_
**Governance Costs**|**2023**
**£**
**29,403**
**-**
**29,403**
**7,168**
**0**
**25,413**
**250**|**2023**
**£**
**29,403**
**-**
**29,403**
**7,168**
**0**
**25,413**
**250**|**2022**| |---|---|---|---| ||**£**||**£**| ||**29,403**||**19,715**| ||||| ||**-**||**-**| ||**29,403**||**19,715**| ||||| ||**7,168**||**3,252**| ||||| ||**0**||**0**| ||||| ||**25,413**||**12,218**| ||||| ||**250**||**250**| ||||| |**Total Resources Expended**|**32,831**||**15,720**| ||||| ||||| |**Net Fund Movement Transferred to Re-**
**serves**|**(3,428)**||**3,995**| **11 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **Life Christian Centre Balance Sheet As at 31 March 2023** |Notes
**FIXED ASSETS**
8
Buildings
Computers
Music Equipment
Office Furniture
**CURRENT ASSETS**
Bank
9
Savings
Debtors
10
**LIABILITIES**
Creditors
11
**Net Current Assets**
**RESERVES**
Unrestricted Income Funds
Retained Surplus
Restricted Funds
Special Projects/Building Fund
**TOTAL CHARITY FUNDS**|**2023**| |---|---| ||| ||30,445| ||-| ||1,765| ||630| ||-| ||**32,840**| ||| ||5,385| ||3,129| ||9,390| ||**17,904**| ||| ||2,925| ||| ||**47,819**| ||| ||| ||| ||47,819| ||| ||-| ||**47,819**| ………………………………………………………….. ## **Board of Trustees** **12 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **Statement of the Accounting Preparation** Members have not required the Charity to obtain an audit, but have opted for an Independent Examination of the Accounts. Independent examination allows the trustees of smaller charities to opt for a simpler form of external scrutiny in place of an audit, and can be carried out by any person with the relevant ability and experience, except where the gross income exceeds £250,000, when only members of one of the bodies listed in the Charities Act (see section 4.1) can audit the accounts. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to charitable organisations subject to the small companies' regime and in accordance with the provisions of FRS 102. Approved by the Board of Trustee on 22 December 2023 T A Muti **Trustee (Admin)** **13 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022** ## 1. **STATUTORY INFORMATION** **Life Christian Centre (LCC)** is a Charitable Incorporated Organisation, registered in the UK with the Charites Commission **1177665** . Address: Stephenson Sq/Edison Road, Walsall, United Kingdom, WS2 7DY. ## **2. BASIS OF PREPARATION** ## **2.1 Basis of Accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## **2.2 Going Concern** The accounts have been prepared as a going concern. ## **2.3 Change of Accounting Policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 3. ## **3. ACCOUNTING POLICIES** ## **3.1 INCOME** |**3.1 INCOME**|| |---|---| |**Recognition of income**|These are included in the Statement of Financial Activities (SoFA) when:| ||• the charity becomes entitled to the resources;| ||• it is more likely than not that the trustees will receive the resources;| ||• the monetary value can be measured with sufficient reliability.| There has been no offsetting of assets and liabilities, or income and expenses, un- **Offsetting** less required or permitted by the FRS 102 SORP or FRS 102. **Grants and donations** Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement **14 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ||to the grant only occurs when the performance related conditions are met (5.16 FRS| |---|---| ||102 SORP).| |**Legacies**|Legacies are included in the SOFA when receipt is probable, that is, when there| ||has been grant of probate, the executors have established that there are sufficient| ||assets in the estate and any conditions attached to the legacy are either within the| ||control of the charity or have been met.| |**Government grants**|The charity has received government grants in the reporting period| |**Tax reclaims on dona-**|Gift Aid receivable is included in income when there is a valid declaration from the| |**tions and gifts**|donor. Any Gift Aid amount recovered on a donation is considered to be part of| ||that gift and is treated as an addition to the same fund as the initial donation unless| ||the donor or the terms of the appeal have specified otherwise.| |**Contractual income**|This is only included in the SoFA once the charity has provided the related goods| |**and performance re-**|or services or met the performance related conditions.| |**lated grants**|| |**Donated goods**|Donated goods are measured at fair value (the amount for which the asset could be| ||exchanged) unless impractical to do so.| ||The cost of any stock of goods donated for distribution to beneficiaries is deemed to| ||be the fair value of those gifts at the time of their receipt and they are recognised on| ||receipt. In the reporting period in which the stocks are distributed, they are recog-| ||nised as an expense at the carrying amount of the stocks at distribution.| ||Donated goods for resale are measured at fair value on initial recognition, which is| ||the expected proceeds from sale less the expected costs of sale, and recognised in| ||'Income from other trading activities' with the corresponding stock recognised in the| ||balance sheet. On its sale the value of stock is charged against 'Income from other| ||trading activities' and the proceeds from sale are also recognised as 'Income from| ||other trading activities'.| ||Goods donated for on-going use by the charity are recognised as tangible fixed as-| ||sets and included in the SoFA as incoming resources when receivable.| ||Gifts in kind for use by the charity are included in the SoFA as income from donations| ||when receivable.| |**Donated services and**
**facilities**|Donated services and facilities are included in the SOFA when received at the value
of the gift to the charity provided the value of the gift can be measured reliably.| ||Donated services and facilities that are consumed immediately are recognised as| ||income with an equivalent amount recognised as an expense under the appropriate| ||heading in the SOFA.| |**15 |**P a g e|L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3| ## **Support costs** The charity has incurred expenditure on support costs. **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. **Income from interest,** This is included in the accounts when receipt is probable and the amount receivable **royalties and dividends** can be measured reliably. **Income from member-** Membership subscriptions received in the nature of a gift are recognised in Dona- **ship subscriptions** tions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. **Settlement of insur-** Insurance claims are only included in the SoFA when the general income recogni- **ance claims** tion criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. **Investment gains and** This includes any realised or unrealised gains or losses on the sale of investments **losses** and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **3.2 EXPENDITURE AND LIABILITIES** **Liability recognition** Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. **Governance and sup-** Support costs have been allocated between governance costs and other support. **port costs** Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. **Grants with perfor-** Where the charity gives a grant with conditions for its payment being a specific **mance conditions** level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. **Grants payable without** Where there are no conditions attaching to the grant that enables the donor charity **performance condi-** to realistically avoid the commitment, a liability for the full funding obligation must **tions** be recognised. **Redundancy cost** The charity made no redundancy payments during the reporting period. **Deferred income** No material item of deferred income has been included in the accounts. **16 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **Creditors** The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date **Provisions for liabilities Basic financial instru-** The charity accounts for basic financial instruments on initial recognition as per par- **ments** agraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP ## **3.3 ASSETS** |**Tangible fixed assets**|These are capitalised 0if they can be used for more than one year, and cost at least| |---|---| |**for use by charity**|| ||They are valued at cost.| ||The depreciation rates and methods used are as follows:| ||Land & buildings
----------
2%| ||Plant & machinery ----------
25%| ||Motor vehicles
-----------
25%| ||Fixtures & fittings
----------
25%| ||Computer equipment---------
50%| |**Intangible fixed assets**|The charity has no intangible fixed assets, that is, non-monetary assets that do not| ||have physical substance but are identifiable and are controlled by the charity through| ||custody or legal rights.| ||They are valued at cost.| |**Investments**|| ||Fixed asset investments in quoted shares, traded bonds and similar investments are| ||valued at initially at cost and subsequently at fair value (their market value) at the| ||year end. The same treatment is applied to unlisted investments unless fair value| ||cannot be measured reliably in which case it is measured at cost less impairment.| ||Investments held for resale or pending their sale and cash and cash equivalents with| ||a maturity date of less than 1 year are treated as current asset investments| |**Stocks and work in pro-**|Stocks held for sale as part of non-charitable trade are measured at the lowerofcost| |**gress**|or net realisable vaalue.| ||Goods or services provided as part of a charitable activity are measured at net real-| ||isable value based on the service potential provided by items of stock.| ||Work in progress is valued at cost less any foreseeable loss that is likely to occur on| ||the contract.| **17 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. **Current asset investments** The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date of less than one year. These include cash on deposit and cash equivalents with a maturity of less than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. |**4. INCOMING RESOURCES**|**2023**||**2022**| |---|---|---|---| |Gift Aid|**4,019**||**3,200**| |Ladies Teas contributions|**2,912**||**100**| |Offering|**1,375**||**237**| |Other|**2,869**||**1,118**| |Room Hire|**1,810**||**480**| |Special Projects Funding|**0**||**25**| |Tithes & Offering|**16,418**||**14,555**| |Total|**29,403**||**19,715**| **No Gift Aid claim or provision has been made in the current year. However after getting all Tax declarations from the various donors a claim is to be made before the end of the next financial year.** |**5. ADMINISTRATION EXPENDITURE**|**2023**||**2022**| |---|---|---|---| |Total admin costs have been provided at|||| |20percent of expenses based onpast trends|**7,168**||**3,252**| |TOTAL|**7,168**||**3,252**| ## **6.. SALARIES, WAGES & ALLOWANCES** |**SALARIES & ALLOWANCES**|**2022**||**2021**| |---|---|---|---| |Salaries wages & Allowances
Social security costs
Pension costs (defined contribution pen-
sion plan)
Other employee benefits
**Total staff costs**|||| ||-||**-**| ||-||-| ||-||-| ||-||-| ||**0**||**0**| **18 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **7. CHARITY ACTIVITIES** |**Charity Activities**|**2023**||**2022**| |---|---|---|---| |Cleaning Costs|**1,060**||**138**| |Compassion Assist|**262**||**786**| |Conference Costs|**1,087**||**614**| |Depreciation|**1,532**||**1,468**| |Electricity and Gas|**7,128**||**300**| |Gardening|**811**||**1,078**| |Honourariam|**2,123**||**7,200**| |Insurance|**0**||**754**| |Internet & Telephone|**713**||**94**| |Pastoral Expenses|**1,987**||**540**| |Rents|**5,616**||| |Repairs & Maint|**0**||| |Special Occassion Expenses|**156**||| |Teas & Entertainment|**2,484**||| |Water|**452**||**-**| |**TOTAL**|**25,413**||**12,972**| ## **Fixed Asset Schedule (£)** 12 Month for Year Ended 31 March 2022 |
|**Land and**
**Buildings**
**Comput-**
**ers**
**Fixtures and Fit-**
**tings**
**Office/Music**
**Equipment**
**Motor**
**Vehi-**
**cles**|**Total**| |---|---|---| |||| |**As at 01/04/2021**
**Disposals**|27,466
546
0
2,442
0
0
0
0
0
0|**30,453**| |||**0**| |**At 31.03.2022**|**31,066**
**546**
**0**
**3,192**
**0**|**34,803**| |**Depreciation**
**Charge for the year**
**On disposals**|621
546
-
797
-
-
-
-
-
-|| |||**1,964**| |||**-**| |Total|621
546
-
797
-|**1,964**| |**Net Book Value**
**31/03/2023**|**30,445**
**-**
**-**
**2,395**
**-**|**32,839**| ## **Land Buildings Disclosure:** The Charity does not own any Land and building in carrying out its activities but use a rented facility. **19 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 On taking occupancy the building was in dilapidated state and needing massive repairs and came to an arrangement with the Landlord to carry out these repairs on an indefinite lease arrangement. Any major structural repair work that the Charity carry out has been capitalised and include the following elements: |**Capitalised Item**|**At Cost**|**Year**| |---|---|---| |**Roofing & Ceiling**|£7,100|2018 & 2019| |**Heating Installation**|£14,250|2016| |**Fencing & Parking**|£11,300|2020| |**9.Bank**
Current Account
(2)
Savings Account
**10.Debtors**
Gift Aid*1|**2023**
5,385
3,129
8,514
9,390
-
**9,390**|**2022**| |---|---|---| |||9,799
3,129| |||12,928| |||| ||9,390|9,390
-| ||-|| ||**9,390**|**9,390**| *Gift Aid not yet Claimed |**11.Creditors**
Service Provider*2
Others|||| |---|---|---|---| ||2,515||2,115| ||160||160| ||**2,675**||**2,275**| **20 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 ## **LIFE CHRISTIAN CENTRE** ## **DETAILED FINANCIAL STATEMENT** ## **12 months Ending 31st March 2023** |||||||||| |---|---|---|---|---|---|---|---|---| ||||||**£**|||**£**| |**INCOMING RESOURCES**|||||**2023**|||**2022**| |Gift Aid
Ladies Teas contributions
Offering
Other
Room Hire
Special Projects Funding
Tithes & Offering
Total|||||**4,019**|||**3,200**| ||||||**2,912**|||**100**| ||||||**1,375**|||**237**| ||||||**2,869**|||**1,118**| ||||||**1,810**|||**480**| ||||||**-**|||**25**| ||||||**16,418**|||**14,555**| ||||||**29,403**|||**19,715**| |||||||||| |||||||||| |**EXPENDITURE**||||||||| |||||||||| |Auditing Costs|||||**250**|||**250**| |Cleaning Costs|||||**1,359**|||**138**| |Compassion Assist|||||**336**|||**786**| |Conference Costs|||||**1,394**|||**614**| |Depreciation|||||**1,964**|||**1,901**| |Electricity and Gas|||||**9,139**|||**1,468**| |Gardening|||||**1,040**|||**52**| |Honourariam|||||**2,722**|||**300**| |Insurance|||||**-**|||**1,078**| |Internet & Telephone|||||**914**|||**545**| |Pastor Allowance|||||**2,548**|||**-**| |Rents|||||**7,200**|||**7,200**| |Repairs & Maint|||||**-**|||**754**| |Special Occassion Expenses|||||**200**|||**-**| |Teas & Entertainment|||||**3,185**|||**94**| |Water|||||**580**|||**540**| |**TOTAL RESOURCES EXPENDED**|||||**32,831**|||**15,720**| |||||||||| |**Net Fund Movement Transferred to Reserves**|||||**- 3,428**|||**3,995**| **21 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3 **Summary Resources Expended Administrative Expenses Administration: Salaries & Wages Charity Activities Governance Costs** |**2023**||**2022**| |---|---|---| |||| |7,168||3,252| |-||-| |25,413||12,218| |250||250| |**32,831**||**15,720**| **22 |** P a g e L i f e C h r i s t i a n C e n t r e A n n u a l R e p o r t 2 0 2 3