2023-03-31-accounts - Licc Limited

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		Page
Annual Report		1—14
Independent Auditors'	Report	15-18
Statement of Financial	Activities	19
Balance Sheet		20
Statement ofCash Flows		21
Notes tothe Accounts		22-35

			Unrestricted	Restricted	Endowment	2023	2022
			Funds	Funds	Funds	Total	Total
		Notes	I	6	I	6	6
INCOME FROM:
Donabons and legacies			1,666,071	221,599		1,887,670	1,341,334
Charitable activities			102,262			102,262	77,920
Other trading activities			31,305			31,305	11,241
Investments		4	22,055	281	5,216	27,552	23,133
Total Income			1,821,693	221,880	5,216	2,048,789	1,453,628
EXPENDITURE ON:
Raising Funds		5	89,828			89,828	96,807
Charitable Activities		6	1,587,104	310,215		1,897,319	1,540,744
Total Expenditure			1,676,932	310,215		1,987,147	1,637,551
Net Income/(Expenditure)
before gains/(losses)	on
Investments		9	144,761	(88,335)	5,216	81,642	(183,923)
Other Recognised	Gains
and Losses
Net gains/(losses) on
Investments		13	(99,697)	(221)	(4,110)	(104,028)	106,928
Net Income/(Expenditure)			45,064	(88,556)	1,106	(42,386)	(76,995)
Transfers between	funds
Net Movement in Funds			45,064	(86,556)	1,106	(42,386)	(76,995)
Fund balances brought
forward			1,205,070	88,556	83,732	1,377,358	1,454,353
Fund balances carried
forward			1,250,134		84,838	1,334,972	1,377,358

			Notes	2023f	2023f	2022 f	2022 f
FIXEDASSETS
Tangible Assets			11		26,445		14,792
Intangible Assets			12		15,011		26,981
Investments			13		803,057		899,698
					844,513		941,471
CURRENT ASSETS
Stocks				38,006		29,050
Debtors			14	96,032		66,087
Cash Deposits				19,635		194,502
Cash at Bank and	in	Hand		471,703		271,942
				625,376		561,581
Creditors: Amounts		falling
due within one year			15	(134,917)		(125,694)
Net Current Assets					490,459		435,887
Total Assets less Liabilities	Current				1,334,972		1,377,358
Funds
Capital Funds
Endowments			17		84,838		83,732
Income Funds
Restricted Funds			18				88,556
Unrestricted Funds:
Designated Fund			19	41,456		669,790
General Fund				1,208,678		535,280
					1,250,134		1,205,070
					1,334,972		1,377,358

	2023 I	2023	2022 I	2022 E
CASH FLOWS FROM OPERATING
ACTIVITIES
Net income/(expenditure) for the	(42,386)		(76,995)
year
Adjustments for:
Depreciation charges	9,802		7,658
Loss on disposal offixed assets			25
Amortisation charges	11,970		11,969
Interest	(27,552)		(23,133)
(Gains)/losses on investments	104,028		(106,928)
(Increase)/decrease in stocks	(8,956)		916
(Increase)/decrease in debtors	(29,945)		13,285
Increase/(decrease) in creditors	9,223		29,709
NET CASH PROVIDED BY(USED		26,184		(143,494)
IN) OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING
ACTIVITIES
Interest and dividends received	27,552		23,133
Purchase oftangible fixed assets Purchase of investments	(21,455) ~7387		(10,482) ~8,288
NET CASH (USED IN) PROVIDED		(1,290)		6,393
BYINVESTING ACTIVITIES
Change in cash and cash equivalents		24,894		(137,101)
in the year
Cash and cash equivalents at the
beginning ofthe year		466,444		603,545
Cash and cash equivalents at the end ofthe year		491,338		466,444

VESTMENT INCOME
	Total	Total
	2023	2022
	E	E
Bank Interest	2,819	730
Income from Fixed Asset Investments	24,733	22,403
	27,552	23,133
AISING FUNDS
	Total	Total
	2023I	2022 E
Direct Staff Costs	53,336	62,748
Other Direct Costs	5,721	4,454
Support Costs (See Note 7)	30,771	29,605
	89,828	96,807
All costs of raising funds are unrestricted.

								Total	Total
								2023 E	2022I
Direct Staff	Costs							997,716	906,067
Other Direct	Costs							324,001	207,190
Support Costs (See		Note 7)						575,602	427,487
								1,897,319	1,540,744
SUPPORT COSTS
				Raising		Charitable		Total	Total
				FundsI		Activities		2023 E	2022 E
Staff Costs				14,019.			262,236	276,255	183,463
Premises Costs				5,202			97,319	102,521	103,041
Office Costs				2,390			44,717	47,107	37,372
Governance				248			4,632	4,880	4,250
Other Costs				8,912			166,698	175,610	128,966
				30,771			575,602	606,373	457,092
STAFF COSTS
								Total	Total
								2023I	2022I
Gross Salary	Costs							1,089,180	960,067
Ex-gratia								15,270
NIC Employer's								123,322	101,169
Pension Employer's								99,535	91,042
								1,327,307	1,152,278
The average	headcount		during	the year was:				24.9	22.5
The average	number	ofstaff (full time equivalent)				during the year
was:								22.3	20.4
The total employee		benefits ofthe Key Management					Personnel of
the Charity,	defined	as the Senior Management			Team		as identified
in the Trustee Report were:								366,962	553,954

Total	Total
2023	2022

is is stated	after charging:
		Total	Total
		2023	2022
		E	E
Auditors'	remuneration
Statutory	audit —current year	4,250	3,650
Depreciation		9,802	7,658
Amortisation		11,970	11,969

	Fixtures B	Office	Computer
	FittingsI	EquipmentI	EquipmentI	Total
Cost
At start of year	17,586	38,495	36,736	92,817
Additions		11,117	10,338	21,455
Disposals At 31"March 2023	17,586	49,612	47,074	114,272
Depreciation
At start ofyear	17,080	34,880	26,065	78,025
Charge for the year	135	1,456	8,211	9,802
Disposals
At 31s March 2023	17,215	36,336	34,276	87,827
Net BookValues
At 31s March 2023	371	13,276	12,798	26,445
At 1"April 2022	506	3,615	10,671	14,792

	CRM SystemI
Cost
At start ofyear	59,843
Additions
Disposals
At 31s March 2023	59,843
Amortisati on
At start ofyear	32,862
Charge for the year	11,970
Disposals
At 31"March 2023	44,832
Net BookValues
At 31"March 2023	15,011
At 1"April 2022	26,981

XEDASSETS - INVESTMENTS
	Total	Total
	2023f	2022 E
Market Value
At 1"April 2022	899,698	786,512
Purchases	7,387	6,258
Disposals
Gains / (Losses)	(104,028)	106,928
At 31s March 2023	803,057	899,698

					2022
				MarKet		Market
			Costf	Value E	Costf	Value E
BlackRock Charites Equity		UK	89,133	143,244	89,133	144,787
M Ik G Charifund			152,213	155,935	144,826	157,054
CCLA COIF			126,500	183,705	126,500	190,859
Epworth	AIF		78,986	82,128	78,986	86,646
Sarasin	Alpha CIF		126,500	156,470	126,500	168,411
Endava	pic		31,723	81,575	31,723	151,941
			605,055	803,057	597,668	899,698

EBTORS
		Total	Total
		2023f	2022 E
Due Within One Year
Trade Debtors		22,176	19,400
Prepayments Other Debtors	and accrued income	73,553 303	39,504 7,183
		96,032	66,087

REDITORS: Amounts falling due within one yea	r
	Total	Total
	2023	2022
	E	E
Trade Creditors	7,139	28,191
PAYE and Social Security costs	35,513	29,150
VAT	1,292
Accruals and Deferred Income	90973	68353
	134,917	125,694

		Total	Total
		2023	2022
As at 1"April 2022		E 32,083	10,487
Released to the Statement of Financial	Activities	(32,083)	(10,487)
Deferred in the current year As at 31"March 2023		22,748 22,748	32,083 32,083

2023				Balance at 1n	Movement	in Funds	Balance at31e
				April 2022	Income	Gains/	March 2023
						(Losses) on
						Investments
						E
Endowment	Fund	8r	Legacy
Contingency	Fund			83,732	5,216	(4,110)	84,838
				83,732	5,216	4,110	84,838
2022				Balance at ln	Movement	in Funds	Balance at31"
				April 2021	Income	Gains/	March 2022
						(Losses) on
						Investments
						E'
Endowment	Fund	8r	Legacy
Contingency	Fund			70,583	4,230	8,919	83,732
				70,583	4,230	8,919	83,732

2023
			Balance at le April	Income	Expenditure	Transfers/ Gains on	Balance at 31eMarch
			2022			Investments	2023
					I	E	I
Principal		trust funds
Dick Bird		Fund	4,509	281	(4,569)	(221)
			4,509	281	(4,569)	(221)
Otherfunds
Imagine		Project		14,943	(14,943)
The Workplace				5,770	(5,770)
Bible (k Culture				1,749	(1,749)
Queen project				17,673	(17,673)
Sustaining Disciples		Transformative	40,825	21,200	(62,025)
Emerging		generations		160,264	(160,264)
Growing		on the Frontline	43,222		43,222
			84,047	221,599	(305,646)
			88,556	221,880	310,215)	221
2022
			Balance at 1eApril	Income	Expenditure	Transfers/ Gains on	Balance at 31aMarch
			2021I			Investments E	2022 E
Principal		trust funds
Dick Bird		Fund	7,948	476	4,919	1,004	4,509
			7,948	476	(4,919)	1,004	4,509
Other funds
Imagine	Project			7,681	(7,681)
The Workplace				24,630	(24,630)
Bible (k Culture				17,150	(17,150)
CR)4 System			26,503		(26,503)
Sustaining Disciples		Transformative	40,265	156,200	(155,640)		40,825
Growing	on the Frontline		19,170	34,370	(10,318)		43222
			85,938	240,031	(241,922)		84,047
			93,886	240,507	(246,841)	1,004	88,556

DESIGNATED FUNDS	(continued)
2022	Balance at is April	Income And New	Utiiised During	Transfers/ Gains on	Balance at31a
	2021	Allocations	Year	Investments	March
					2022I
Resource Development ik Infrastructure	375,000	125,000			500,000
Setting God's People Free Project	150,000		(150,000)
Premises Reserve	125,000				125,000
Staff Recruitment	30,000				30,000
Fixed Asset Fund	11,994 E691,994	2 796 127,796	~150,0IIO		14,790 669,790

ANALYSIS OF NET AS	SETS B	ETWEEN FUNDS
		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
Fund balances at31' March		E	E	E	E
2023are represented	by
Tangible Fixed Assets Intangible Fixed Assets		26,444 15,012			26,444 15,012
Investments		718,219		84,838	803,057
Net Current Assets		490,459			490,459
Net Total Net Assets		1,250,134		84,838	1,334,972
		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
Fund balances at 31'	March	E	E	E	E
2022 are represented	by
Tangible Fixed Assets Intangible Fixed Assets Investments		14,792 26,981 811,457	4,509	83,732	14,792 26,981 899,698
Net Current Assets		351,840	84,047		435,887
Net Total Net Assets		1,205,070	88,556	83,732	1,377,358

HER FIN	ANCIA	L COM	MITMENTS
				Land and	Buildings
				2023	2022
				E	E
Contracts	ending	in less	than One Year	73,000
Contracts	ending	within	One toTwo Years	127,750
				200 750	rII

23. COMPARATIVE ST	ATEME	NT OF FINANCI	AL ACTIVITI	ES
		Unrestricted	Restricted	Endowment	2022	2021
	Notes	Funds E	Funds E	Funds E	Total	TotalI
INCOME FROM:
Donations and legacies		1,101,303	240,031		1,341,334	1,540,745
Charitable activities		77,920			77,920	71,009
Other trading activities		11,241			11,241	2,660
Investments		18,427	478	4,230	23,133	22,714
Total Income		1,208,891	240,507	4,230	1,453,628	1,637,128
EXPENDITURE ON:
Raising Funds	5	98,807			96,807	48,232
Charitable Activities	6	1,293,903	248,841		1,540,744	1,453,135
Total Expenditure		1390710	248 841		1,$37,551	1 5$1 387
Net Income/(Expenditure)
before gains/(losses) on
Investments	9	(181,819)	(8,334)	4,230	(183,923)	135,761
Other Recognised Gains
and Losses
Net gains on Investments	13	97,005	1,004	8,919	106,928	177,184
Net Income/(Expenditure)		(84,814)	(5,330)	13,149	(76,995)	312,945
Transfers between funds
Net Movement in Funds		(84,814)	(5,330)	13,149	(76,995)	312,945
Fund balances brought
forward		1,289,884	93,886	70,583	1,454,353	1,141,408
Fund balances carried
forward		1,205,070	88,556	83,732	1 377,35$	1,454,353