REGISTERED COMPANY NIIIIBER.. CE016451 (England and W'Alesl REGISTERED CHARITI, NLMBER.. 1181951 ort of the Trustees and Uttgudited Fingn¢i#l Statements for the I'e#r EDded 31 larCh 2025 for Lowe5toft Communi Church CUNNINGHAMS Nutnber Sixty One Alexandra Road Lowestoft Suffolk r¥R32 1 PL
Lowt$toft Communit Chur Contents of the F'inancial Statements for the Year Ended 31 ]rth 2025 Page Report of the Trustees Independent Examiner's Report Statement of FinaDci#l Aetiwities B#l#ttee Sbeet Note5 to the FinAncial Statements 8 16 Detailed Statement of Financial A¢tivitie$ 17 to 18
L4bwe5toft Communi Church Re ort of Ihe Trustees for the l'ear Ended 31 March 2025 The Trustees aTe pleased to present their report and financial stat¢Tnents a5 a charitable incorporated organisation ICIOI for the year ended 315t March 2025. The financial slatetneiit5 have be¢n prepared in accordance with the accounting policies set out in Note I to the financial statements and comply with the Charities Act 201 I, and Accountino and Reporting by Chariiies.. Statemeni of Re¢ommended Pracii¢e applieable 10 Charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Rcpublic of Ireland IFRS 1021 effective 1st January 2019. OBJECTiifES ATr4D AcfiviTIES Objectives and airns The Trustees have given careful consideration to the Charity Commission's guidance on public benefit and. in particular, the specific guidance on ¢hariiies for ihe advancement of religion when reviewing ihe church's aims and objective5. The Tru5tee5 have considered. and will continue to consider, how current and future activities will oniribute io the aims and objectives set. The Principal object of the ChaTity. as stated in the constitution, is "the adNancement of the Christian faÈth in the UK and overseas,. the advancement for the public benefit of religious and other education. and the relief of the aged, poor. si¢k, disabled and others in need." The website stat¢s. We are a Christian church that been in Low¢5toft Since 1985. OUT purpose is to live life the way that both Jesus modelled it and the Bible teaches it. Il'e wani to be transformed by God's love and empower others to do the same as we Jnderstartd who we are in Him through ihe teaching of His Word and by Ihe power of the Holy Spirit. Sigrtificattt 4¢tiviii¢s The following is a summary of the main activiiies undertaken by ihe church in relation to its aims and obje¢tives'. Sunday meetings Sunday SeTh'ices involve a time of worship, teaching and aciiviiies for all ages. we Continue io live-stream these services online. Prayer events RegulaF prayer meetings continue to be held; these follow different themes and a led by dityerenl peopl¢ from across the church. Midweek Groups Small group5 of 10-15 church membeTS, called Life GTOUPS, Continue to meet most weeks in homes and online. The purpose of these group5 15 to provide spiritual, practical and social support. Children and youth programmes Kidzone activities on SLindays Ifrom age 3 up to school jear I I l are Provided whilst the teaching for adults is taking place in the main meeting. The aim of the groups is lo provide a safe and interactive environment for children to develop socially and spiritually. Tin) Tots toddler groups meet on a Tuesday and Thursday morning. They airn to provide a safe Space for toddler5 to play and to provide support to parents and carers. Reach kTds club meet on Wednesday evenings for those aged 8-1 l years. This group involves games. fun aciiviiies alld a short "God slot" Midweek youth group5 (for those in school years 7 to I I I meet OCC&SlOllally to talk about issues of life and faith. Comtnunity activities CAP Debt Service this service works in conjullction with the national charity Christians Against Poverty. Clients ho are in financtal debt ref¢r themselves ¢0 our servi¢e via a national helpline and then they aye ¢oniacted by our local Debt Servtce tnanager. The clients aTe then taken through either a personal debt repaytnent plan or helped to apply for a debt relief order. They are also taught budoeting skills io help empower thetn to live debt free. Conv¢rsational English group a weekly group run at a venue in central Lowesioft 8im¢d at helping ihose peopl¢ within the local COTnmunity, whose first language is not English, learn basic conversational English skills. Page I
Lowestoft Communit Church ort of the'l'rustees for the l'ear Eijded 31 Ilarch 2025 ACHIEVEMENTS AND PERFORMANCE Charitable actLVlties Key developrnents.. FoodbanWFISH'. Due io the increasing size, the decision was made within the year for Lowe5toft Foodbank and Food in School Holidays IFISHI to be moved io a new charity IThe Rob Clarke Cotntnunity Trust). Three members of stsfT have moved across as part of this Change. This came into effect fully after the balance sheet date. stafflderS.. In March 2025 the part-time treasurer resigned. After the year end.. In August 2025 a new fijll-time Elder was employed. In June 2025 a part-time adminisirator resigned. Trustee.. Ben Parish - Resigned as a Trustee on 14ih O¢tobeT 2024 Bev Jenkins- Resigned as a Trustee on 20th August 2024 Trainino and input for staff There have been various online conferenceO¢ourses that our staff have attended during ihis year including ones run by Jubilee Plus la Corntnunity engagernent charity) and Relational Mission. Sunday meetings Sunday services have ¢ontinu¢d ihroughout the year with an average attendance of 120 - 150 people. Midweek Groups Life Groups hai'e coniinued w meet throughout the year and have been an invaluable SOUF¢¢ of support and encouragement for rnany people. Childr¢n'5 and Youth prograrnrnes Reach kids club was launched in October 2022 on a Wednesday evening, attended by approximately 15 children. Both Tiny Tots group5 are attended by 15-20 toddlers along with a parent OT caTer. RiSE - The in-person youth meetings lyear$ 7-111 gather approximately 10-15 young people when they meet. Meetings have increed io twice monthly. Convcrsational English Group This is a group aimed ai helptng those people within the local cornmunity, whose first language is not English, leam basic conversational English sktlls. It Is run by a tearn of volunteers (with te8ching experience) and been attended by over 20 different people. CAP Debi Service Our service manager is able to take on 2 new clients each month, which she has done throughout thi5 year alld worked with them to manage their debt throllgh debi relief orders. repayment plans andlor budgeting. Page 2
Lowestoft Communi Church ort ofthe Trustees for the I'tar 31 Nlarch 2025 FINANCIAL REVIEIV Financial position This IS the fifth full year in whiLh the charity has opeiated as a CIO and it has been a challenging time following the Covid-19 pandetnic which affected the charity's operations. Unrestricted Funds.. The charity received £170.59212023-24.. £187.4811 in general fijlld income; 91.90/012023-24.. 93.80/01 from donations and the associated gifi aid. General fund expenditure amounted to £194,13212023-24.. £169,983); this is a 140/0 increase from the previous year. A deficit of £23,540 12023-24.. surplus of £17,498), before fund iransfers, has been recorded for the year ended 31 s¢ March 2025. Restricted Fllnds= The Church received £229.43712023-24.. £116.031 l iR r¢5tricted income. The charity's comtt]unity PToje¢ts have seen a $18nificant increase this year. mainly due to an txpansion in the level of activity in respect of the Foodbank projects. Re5tri¢ted expenditUTe for the year amounted to £189,7.52 12023-24.. £183.3241. A Surplus of £39.68512023-24 deficit of £67,293). prior to fund tran5fer5. been recorded for the year etided 31st March 2025. Overall, the financial statements show total income of £400,029 12023-24.. £303.5121, total expenses of £383.884 {2023-24.. £353,307) and an overall Surplus for the year of £16,145 12023-24.. deficit of £49,795). As at the year end, total funds were £892.801 12023-24.. £876.6561. of which £274,404 12023-24.. £286,881) were unrestricted and £618.39712023-24.. £589.7751 were restricted. Reserve5 policy It is the policy of the charity io maintain unrestricted funds. which are the free reseTves of the charity, at a level which equat¢5 to approxEmately 3 months of unrestricted expenditure. At this level, the Tru5tee5 feel that they would be able to continue the current activities of the charity in the event of a signifjcant drop in fundin8. STRUCTURE, GOVERNANCE AYD MANAGEMENT GoverDing documeDt The charity is registered as a Charitable Incorporated Organisation ICIOI and is governed by a constitution dated 8th February 2019. Charity con5titutioD The CIO was regisiered with the Charity Cornmission on 8th February 2019,. the staff and activities of ihe charity Iregist¢red no. 10430051 tTan5ferred over to the CIO on 3 1st August 2019 with the fixed assets being transferred on 30th November 2019. A resolution was passed by the previolls charity's trustees on 2Qth January 2020 to dissolve the Charity. Organi5ational structure The Eldership Team provide spiritual leadersh&p and direction. They also lake pastoral responsibility for the members of the chuTCh. There are separate teams that are responsible for various ministries within the church and they are accountable to the Eldership Team. The Trustees oversee the government of the charity, in terns of financial and administrative responsibility- Low¢stoft Comtnunity Church is part of the Relational Mission family of churches and a metnber of the Ev&ngelica] Alliance. Trustee appointrnellt Apart from the first charity trustees, every trustee must be appointed for a terni of three years by a resolutiot) passed at a pr(Iperly convened meeting of the chariry trustees. The Constitution stai¢s that there musi be at least four irllstees. Page 3
Luiicstlbtt C-unimunitl ChurLh i)r( ()( ihL' Trus11'L'% for the l'ear Ended 31 Nlarch 21125 REFERF.NCE.4rriD 4DNII%ISTR.4TII'E DET.41LS Registered CompanTr niEmber C'IOl645 I (EN. laiid and IK'alesl Registered Charilv nutnber RexiSlL'red office Thi Dcpoi IladLiiliani Road Sut-tolk NR3.1 7Tr%F Trustees P Hurtl B Jinkin.s RLsiqncd 2010¥.'?0?4 .4 Uiliham B Parisli . Restijned 14,.1 f)..'70?4 F4 WaTmes-.4LtingT CliaiiniilD Independejji Examiner Cuiiiiinihdms 61 Alexaiidra Road Lowisluli NR3? IPL Bankers C.4F Bank ?_5 Kin&r% Hill Alenue 14 esi Nlalling Keiit MEI94JQ Solicitors F.dward Cvnnvr Sulililvts l O Thc Point larkLI Harborou¥h LE167QU TH Apprnved by Drder ilf Ihe hi)ard of rrtiqiee% 011 19 JhNVlrKY ?ll?6 and Riuned nii ils heli?If by.. Mr B 11 arnes- Trusi¢e PaeL 4
Inde endent Eiaminer'5 Re ort to the Trustees of Lowe$toft CotnmunitTr Church Independent examiner's report to the trustees of Lowestoft Community Church I report to the chariry trustees on my examination of the accounts of the CIO for the year ended 31 March 2025. Re$poNsibilitie5 and basis of report As the charity's tru5tee5, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of tny exatnination of your charity's accounis as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions 4iven b! the Chariiy Commission under Section 145151 Ibl of the 2011 Act. Independent examiner's Statement Since your chariry's gross income exceeded £250,000 your examit]er must be a member of a listed body. l can confirm that l am qualified to uttdertake the exarninatEon because 12rn a member of ihe Institute of Chartered Accountants in England and Walcs. which is one of th¢ listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the ¢xaminarion giving me cause to believe.. accounting records were not kept in respect of the charity a5 required by section 130 of the Act: or the accounts do noi accord with those records: or the accounts did not cotnply with the applicable requ1Ments ¢on¢eming the forni and content of accounts set out in the Charities (Accounts and Reporfsl Regulations 2008 other than an} requiremeni Ihat the accounts give a 'true and fair. view whi¢h is llot a rnatter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order io enable a pioper under5tandtng of the accounts to be reached. Benjamin Lynes The Institute of Chartered Accountants in England and Wale5 CUNNINGH.4MS Number Sixty One Alexandra Road Lowe5toft Suffolk NR32 IPL Date.. .2026 Page 5
Lowestoft CommllThit Church Statetnent of Finaucial Artivitie5 for the lear Ended 31 lar(h 2025 31.3.25 Total funds 31.3.24 Tota funds Unrestricted fund Restricted funds Nofes lTr*COME AND ENDOWMENTS FROM Grallts and donations 157,444 221,482 378,926 287.699 Charitable and other trading a¢tivities Investment income 9,266 3,882 7,955 17,221 3.882 13,985 1,828 Total 170,592 229,437 400.029 30i,512 EXPENDITURE ON Charitable gctivitie5 Charitable actviiies 176,132 189,752 365.884 332,607 Other 18,000 18.000 20,700 Total 194,132 189,752 383,884 353,307 IET INCOMEIIEXPEYDITLRE) Transfers betw¢¢n funds {23,540} 11.063 39,685 110631 16,145 149,7951 13 Net movement in fuDd5 112,477) 28,622 16,145 149,7951 RECONCILIATION OF FUINDS Total fund5 brought forward 286,881 589,775 876,656 926,451 TOTAL FUNDS CARRtED FORWARD 274 404 618 397 892 801 876 056 The notes fomi part of these financial statements Page 6
l.¢)ii-tStolt C'omi)iuniti- C'hyi'¢h Bala#Le Sheer 31 Ilarih 2112 Toral tuiid> Toial funJ5 fuiid Nores FINED ASSET 4.541 i77.iS4 59¥.¥?7 CI.'RRE%T ASSETS Dibivr Ca%h bank and In hand 6.41¢ ?69.6(76 6.48¥ 776.154 91.49? -167.646 3_36.371 C.REDITUR.S 141 _1461 150.?urJi NET CLRRENT ASSETS ?69,861 46,146 316.on9 786,16? TOTAL ASSETS LESS CL,RRENT LI.4BILITIE.S ?74.404 67_I,730 898,134 885.989 CREDITORS .4niouiii.% I'JllingT dut afteT more than onc ycar NET ASSETS ?74.404 89? 801 876.050 ?74.404 618.-797 250.881 589.775 Rebmcted tuii(15 T()T,IL FLNDS 876.656 ThL 'ere approbed by th¢ BuJrJ ot Trusi¢es ai?d autliorTr5ed for iSbue L) IIYPO dh.P4.U.rt.KY..)076 and WeTe iign¢d on ils behalf b>.: Page 7
Lowestoft Communit Churth Note5 to the Finanrial Statement5 for the l'ear Ended 31 .larch 202S ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCI.4L STATEMENTS The financial statements of the charitable Company, which is a public benefii entity under FRS 102, have been prepared in accordance with the Charitl¢s SORP IFRS 1021 'Accounting and Reporting by ChaTlties.' Statement of Recommended Practice applicable to charities preparillg their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Repllblic of Ireland IFRS 1021 leffeetive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial Statements have been prepared under the historical cost convention. INCOME All income ts recognised it) the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the Income will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as s¢)on as there is a legal or ¢onsiru¢iive obligation committing the charity lo that expenditure, il is probable that a transfer of e¢onomt¢ benefits will be required in settlernent and the amount of the obligation can be tn¢a5ur¢d reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attTibuted to panicular headings ihey hawe been allocated io activities on a basis consistent with the use of resourc¢5. TANGIBLE FIXED ASSETS Freehold land and PTOPerty been valued using ihe depreciated replacement cost approach. All other categories of tangible fixed assets are carried at depreciated historic cost. Tangible fixed assets are depreciated over their esiimaied useful lives follows.. Freehold property Fixtures and Fitting5 Equipment Motor vehicles 20/0 Straight line 330/0 reducEn8 balance 330/0 redueing balance 330/0 reducing balaThce Freehold land is not depreciated. T AXATIOIN The charity is exempt from corporation t&x on its charitable activities. FUND ACCOLINTING Unresiricted funds can be used in aceordance with the charitsble objectives ai the discretion of the trustees. Restricted fund5 can ollly be used for particular restricted purposes Wlthin the objects of the charity. Resiriciions arise when specified by the donor or when funds are raised for particular reslTlCted purposes. Further explanation of the natUT¢ and purpose of each fvnd 15 included in the notes to the financial 5taternent5. PENSION COSTS AND OTHER POST-RETIREMEIST BENEFITS The charitable company operates a defined contribution pension scheme. Contributions payable to the charitsble company'5 pension scherlle are charged to the StateTneni of Financial Activities in the period to which they relate. Page 8 ontinued...
Lowestoft Communit Chureh Notes to the FitLa]]CtRI Statements f Dntinued for the Tr'e%r Ended 31 lrth 2025 CHARITABLE AND OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Children & youth activities Equipping & training Church events CoTnTnunily activities Other income Building hire Photocopying & printing 7.924 3.598 237 1,645 8,780 636 386 350 100 3.610 123 3.645 172 13,985 IINVESTMENT INCOME 31.3.25 31.3.24 Investment incotne 3,882 1,828 NET INCOMEI(EXPENDITURE) Net incomellexpendimre} 15 Stated after chargin{creditIngl'. 31.3.25 31.3.24 ndependent examination Depre¢iatio)n- owned assets Deficit on disposal of fixed assets 684 18,653 648 21,482 21 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5te¢s' rctnuneration or other bcnefits for the year ended 3 1st MaTch 2025. For the year ended 31 st March 2024, Mr B Parish paid a total of £1.231 for work completed. TRLISTEES, EXPETr4SES There were no trustees. expenses paid for the year ended 31 March 2025 Dor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salarie5 Social se¢uriry ¢osis Other pension costs 138.912 3,446 3,325 118,194 2.464 2,620 145 683 123,278 The average monthly number of employees during the year was as follows.. 31.3.25 10 31.i.24 Number of employees No employee5 received etnolutnents in excess of £60,(KIO. Page 9 ¢ontinued...
Lowestoft Cotnmunit Church N tes to the F inaijcial Stateinellt5- continued for the l'ear Ended 31 Ilarch 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricied fund Restricted funds Total funds iiNcorwlE AND ENDOWMENTS FROM Grants and donations 177,851 109,848 287,699 Charitable and other trading activities Investrnent income 7,802 1.828 6,183 13,985 1,8?8 Total 187.481 116.031 303.512 EXPENDITIIRE ON Charitable acti.11]eS Charitable actvities 149.283 183.324 332,607 Other 20,700 Total 169,983 183.324 35i,307 NET lTriCOP¥lEI(EXPENDITURE) Transfers betweeu funds 17,498 10,358 {67,2931 50,3581 149,7951 Net NjoveeDt funds 27,850 177,6511 149,7951 RECOINCILIATION OF FUNDS Total fund5 brought forward 259.025 667.4?6 926,451 TOTAL FUNDS CARIUED FORIVARD 286 881 589775 876 656 TANGIBLE FIXED ASSETS Fixtures, fittings & ¢quiprnent Freehold property Freehold land Motor vehicles Totals COST At l April 2024 Additions 648,200 40.000 66,260 951 30.000 784.460 951 At 31 March 2025 648 200 67,211 30,000 785,411 DEPRECIATION At l ApTiI 2024 Charge for year 107,676 11,963 60,424 16,533 184,633 1 8,653 At 31 March 2025 119,639 20,977 203.286 NET BOOK VALUE At 31 March 2025 528.561 40,000 4,541 9.023 582.125 At 31 March 2024 540,524 40,000 5,836 13,467 599,8?7 Page 10 ¢ontinued...
Lowestoft Cornm1t Church Notes tu the Finathci#l Statemtnts- cothtinued for the Year Eaded 31 March 2025 TANGIBLE FIXED ASSETS-continued Freehold land and propery has been revalued using the depreciated replacement cost approach due to the specialised nature of the property. The fh0]d property was transferred from the Charity to the CIO at depreciated replacement cost on 30th Novetnber 2019. Historic c05t note: Land Propety Cost Less.. A¢cumulated depreciation 50.000 45,000 121,60QI DEBTORS: AMOUNTS FALLINI G DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments and a¢¢nJed income 374 6.114 475 12.748 6.488 13.223 io. CREDITORS: AMOUNI TS FALLINI G DUE WITHIN ONE YEAR 31.i.25 31.3.24 Hire purchase Isee note 121 Trade credEtOTS Social securiry and other t&xes Other CTedito Accnjals and deferred incorne 4,000 4,000 1,784 2,387 1,085 40,9)3 2.009 725 44,292 51,637 50,209 Pagell continued...
Lowestoft Communi Church Note$ to the Finaniigl St¥tem¢ttt$ - Continued for the Year Ended 31 Trlarch 202$ CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE I'EAR 31.3.25 31.3.24 Hire pur¢hase (see note 121 5,333 l2. LEASING AGREEMI ENTS Minimum lease payments under hire purchase fall due as follows.. 31.3.25 31.3.24 Net obligation5 repayable= Within one year Between one and fjve years 4,000 4,000 9,333 9.333 13,333 13. MOVEMENT IN FLNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 286.881 123,5401 11,063 274,404 Restricted funds CAP Debt Advisory Project Fllnd Community Outreach Fund Low'e5toft Food Bank" Fund Friendship Club Fund New Building Fund Newday Fund Revaluation Reserve 7,946 14,6721 37,029 343 7,946 9,938 61.534 807 9.626 636 527,910 14,610 24.505 464 9,626 1,597 538,973 19611 1,0631 589.775 39,685 11.06i 618,397 TOTAL FUNDS 876,656 16,145 892.801 Page 12 continued...
Lowe5toft Cornmuni Church Notes to the Fiijancial Statenients - continued for the Yegr Ended 31 larch 2025 13. MOVEMETr¥T IN FUNDS- tontinued Net rnovetn¢llt in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General lund 170,592 1194,1321 123,5401 Restricted funds CAP Debt Advtsory Project Fllnd Comtllunity Outieach Fund Lowestoft Food Bank Fund Friendship Club Fund Newday Fund 12.184 3,210 206,088 1,497 6,458 14,2381 17,8821 1169,0591 7,946 14,6721 37,029 343 229,437 1189,7521 39,685 TOTAL FUNDS 400.029 383,8841 16,145 ComparAtives for movement in funds Transfers beletn fund5 movement in funds Al 31.3.24 At 1.4.23 Unrestricted fulld5 General 259,025 17,498 10.358 286,881 Restricted funds CAP Debt Advisory Project Fund Communiry Outreach Fllnd Lowe5toft Food Bank Fund Friendship Club Fund Ne Bllilding Fulld N¢daY Fund Revaluation Reserve 952 5,951 98,748 518 9,626 1.594 550.037 11.6581 8,659 174,2431 1541 706 14.610 24,505 464 9.626 1,597 538,973 1 1,0641 667,426 67,2931 10.3581 589,775 TOTAL FUNDS 926451 49,7951 876,656 Page 13 corttinued...
Lowestoft Communit hur¢ Notes to the Financial Siktcmcnts - continued for the I'e#r Fnded J l Mi arch 2025 13. MOVEMEIYT IN FUNDS- continued Comparative nei movement in funds. included in the above are as follows.. Incotning resources Resources expend¢d Movement in funds Unrestricted funds General fund 187.481 1169,9831 17,498 Restricted funds CAP Debt Advisory Project Fund Community Outreach Fund Lowe5toft Food Bank Fund Friendship Club Fund N¢wday Fund 12,413 23,743 114.0711 115,0841 1146,5351 11,4541 11,6581 8,659 174,2431 1541 1,400 6.183 183,3241 67,2931 TOTAL FUNDS 303,512 353,3071 49,7951 A CUTrent year 12 tnonths and prior year 12 tnonth5 combined position ts as follows.. Net movement ill funds Transfers beNeen ruiid5 At i1.3.25 At 1.4.23 Unre$tri¢ted funds General fund 259,025 16,0421 21,421 274.404 Restricted funds CAP Debi Advisory Project Fund Community Outreach Fund LoTh'estoft Food Bank Fund Friendship Club Fund New Building Fund Nem'day Fund Revaluation Reserve 952 5,951 98,748 518 9.626 1,594 550.037 6,288 3,987 (37,2141 ?89 706 7,946 9,938 61,534 807 9,6?6 636 527 910 19581 22,1271 667.426 27,6081 21,4211 618.397 TOTAL FUNDS 9?6,451 33.6iOI 891.801 Page 14 Continued...
Lowestoft Commllni Church Nott$ tts the Finaniial St4tements- continued for the l'ear Ended 31 March 2025 13. MOVEMEiYT IN FUNDS- ¢Oll¢inued A current year 12 tnonth5 and Prior year 12 months cornbined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 358,073 1364,1151 16,0421 Re$tri¢ted funds CAP Debt Advisori Project Fund Community Outreach Fund Lowesioft Food Bank Fund Friendship Club Fund Ntwday Fund 24.597 26,953 278,380 2,897 12,641 118,3091 122,9661 lJ15,5941 12,6081 13,5991 6,288 3,987 137,214} 289 345,468 373,0761 27,6081 TOTAL FUNDS 703.541 737.191} 33,6501 General Fund.. The lld is for the general purpose of ihe furthering ihe Charity's objects. New Building Fund.. The church was looking to purchase a larger building and several gifts had been given for this purposc. It appcar5 thcrc i5 nothing suitablc 3nd thcsc gifts w'ill bc hcld in thc mcantimc until a suitablc proje¢t arises. Community Outreach Fund.. The church runs a number of Projects in the ¢ommunity'. Conversational English classes to supwn individuals to learn English, Food tn School Holidays IFISHI in partnership with other local hurche5 to provide low-incotne fatnilie5 Wlth food in sch1 holidays and Kirkley Outreach events. Newday.. Newday is an annual youth bible week and any surplus remaining from the fees charged is Carried fornl'ard to ensure conttnued invesirnenl in Ihts event. Friendship Club.. Friendship Club is a monthly group ihar runs for ihe over 50's, pani¢ularly for those older people who may feel socially isolated. Lowe5toft Foodbank.. The church run the Lowestoft FIK)dbank las part of the Trussell Trust network) to Provide ernergency food parcels lo people who are expeyiencing fcK)d poverty. Along with donations, signifi¢ant grant funding was received from The Trus5ell Trust. Suffolk Community Foundation and Kirkley poo Land Estate to cover staffillg costs, food stock and running cosis. CAP Debi Advisory Service.. This project is run in conjunction wilh ihe national charity- Christians Against Poverty and it helps client5 to manage thcir debt and become debt-free. Revaluaiion Reserve.. In ac¢ordance with the Companies Act 2006 the amount of malued PToperty depreciation over the historic cost amount has been transferred from the revaluation reseNe to the general nd reserv¢. Page 15 coniinued...
Lowestoft Communi Church Notes to the Financi411 Statements- continued for the l'ear Ended 31 Nlarch 2025 14. RELATED PARTY DISCLOSbRES Dllring the year £20,43012024.. £?3,3561 Ivas received from the TTUStee5 and theiT related parties as donations without Conditions lin¢ludTng corresponding gift aid). No Trustee expenses have been incurred. Page 16
Lowestoft Communit Church Detailed St*emLrtt vf Financial .ctiVItieS for the l'ear Ended 31 Plarch 2025 31.3.25 31.3.24 INCOME AND ENDOw[ENTs Gr#nt5 afLd donitions DOnatOn5 Gift aid Grants 216,819 21.796 140,311 204,324 31,320 52,055 378,926 287.699 Charitable and other trading activitie5 Children & youth activities Equipping & training Church events Community activities Oiher income Building hire Photocopying & printing 7.924 i,598 8,780 636 386 350 100 3,610 123 1.645 3,645 172 17.221 13,985 Investment itlcome InvestTnent income 3,882 1,828 Toi41 incoming resour¢e$ 400,029 303,512 EXPENDITURE Charitable aetivities Il'ages So¢ial security Pensions Church MeetngS Children, youth & school Community work Evangelism, cell & equipping Church events Travcl & 5ubslSten¢e Staff training Freehold property Fix1u$ and tittings Motor v¢hiclt5 Loss on sale of tsn8ible fixed assets 138,912 3.446 3,325 15,701 2,464 2,620 22,910 15,207 118,795 385 1,279 3.064 256 11,964 2.885 6,633 21 132.071 1.360 505 838 1.963 4,444 306.677 Other Tithe to relational mission 18,000 20.700 Support eosts lanagemet Insurance Carried foti¥ard 2,940 2.940 2.757 2,757 This page does not forni part of the staiutory financial statements Page 17
Loivestoft Cotnmunit Churth Detailed StAtemeiit of FinanciAI Activities for the Tr'ear Ended 31 lrth 2025 31.3.25 31.3.24 Management Brought forward Light, heat, watcr & Wte Admin & office costs Sundries Repair5 & cleaning Memberships & subscription5 Bank charges & interest Consultancy fees 2,940 11.072 2.344 775 9,487 3,275 1,109 2.7)7 10.483 1.943 777 5.747 2,499 1,076 32,168 25,282 Govern8Dee costs Independent examinaiion Accountancy 684 1,920 648 2.604 648 Toial resources expended 383 884 353,307 Net incomel(expenditurel 49,7951 This page dot5 not forni part of the statutory financial statements Page 18