LICC LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31" MARCH 2025
COMPANY NO: 01680265
REGISTERED CHARITY NO: 286102

CONTENTS
Page
Report of the Board of Trustees
1-13
Independent Auditors, Report
14-17
Statement of Financial Activities
18
Balance Sheet
19
Statement of Cash Flows
20
Notes to the Accounts
21-33

LICC LIMrrED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
ST
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial review forthe year ended 31st March 2025. The
accounts comply with statLJtory requirements and with the requirements of the charitvs governing
document.
Structure. governance. and management
Status, governing document, and constitution
LICC Limited 15 a registered charity Inurnber 2861021. The legal status of the charity is a company
limited by guarantee, without a share capital. Its company number 15 01680265. The liability of
members of the company is limited to £1 each.
The charity is also known as The London Institute for Contemporary Christianity, ILICCI.
The governing documents of the company are its memorandum and articles of association. LICC is
administered by a Board of Trustees who are the members and directors of the company. The Board
meets regularly in the manner prescribed in the articles of association. The Board rotation policy
requires trustees to retire after three years after which they are eligible for re-elertion for a further
three year5. The Board of Trustees 15 authorised to appoint new members to its number. There is an
induction programme for new mernbers, which include5 rneeting the senior management team,
training on good corporate governance and ensuring a clear understanding of their roles and
responsibilities.
The trustees do not receive remuneration or derive any other personal benefit from the activities of
the Charity.
Board of Trustees
The Board of Trustees listed below have continued to serve from l April 2024 to the date of this report
unless stated otherwise..
Alasdair Christopher Gillie5
Alex3ndra Lloyd Davies
Jessica Minocha
john Ibbett.
Julia Sloan.
Karen Brown
Olivia Harris
Paul Valler.
Simon Abrams
Victoria Lawrence
Vane55a Wi150n
(Treasurer)
(Retired 20 September 20241
(Chair from appointment 20 September 20241
(Chair up to retirement 20 September 20241
Member of the Finance and Operations Committee dLJring the year
Member of the People Committee during the year

LICC LIMrrED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
ST
FOR THE YEAR ENDED 31 MARCH 2025
Organlsation and management
The 803rd of Trustees is responsible for the strategic direction of the charity and 38rees the annual
objectives and budget with the senior management, who are responsible for the day-to-day
management of the charity. The Board usually meets formally four times a year, including a 24-hour
long retreat. An update on achievement against objectives is provided at each meeting of the trustees.
A 'related parties, reElSter is maintained and the Board has adopted a conflicts of interests policy
which is referred to at every Board meeting. The Board has two committees which usually also meet
four times a year and review specific aspects of the charitvs policy and operations in rllore detail..
these are the Finance and Operations Committee and the People Committee, both of which are
advisory and make recommendations to the Board. Other corllmittees may be formed a5 and when
required.
Senior management
The senior management personnel of LICC are those normally in attendance at Board meetings.. Paul
Woolley ICEOI, David Leeds ICOOI and Rowena Biddlecombe IFinance Director).
LICC is led by an Executive Team and a Strategic Leadership Team. The Executive Team 15 responsible
for everyday operational issues such as finance, HR, logistics, and adrllinistration, and the Strategic
Leadership Team is responsible for the design and delivery of organisational 5trategv.
Registered office and principal address
St. Peterfs Church, Vere Street, London. WIG ODQ
Company secretary
Rowena Biddlecombe
Bankers
HSBC Plc, 90 Baker Street, London, WIU 6AX
CAF Bank Ltd, 25 Kings Hill Ave, Kings Hill, West Mallin& Kent, ME19 41Q
Auditors
Knox Cropper LLP, 65 Leadenhall Street, London EC3A 2AD
Legal advisor
Keelys Solicitors, 28 Dam Street, Lichfield, Staffordshire, WS13 6AA
Support of volunteers
LICC is extremely grateful for the support we receive from a number of volunteers, including trustees,
without whose help we would not be able to operate.

LICC LIMrrED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
ST
FOR THE YEAR ENDED 31 MARCH 2025
Purpose and objectives
LICC was established for-.
lal the advancement of the Christian religion, in particular by instruction in the Christian faith,
life, and mission and their application to life in the contemporary world,. and
Ibl the advancement of the education of adult5 and young people in the field5 of 50ciology, social
sciences, politics and economics with particular reference to the impact of the Christian faith
on such matters.
LICC is committed to the fund3mental truths of historit, biblital Christianity. Trustees are required to
signify their acceptance of LICC'S doctrinal basis, which is based on these truths.
In furtherance of its aims, and working with individuals, churches and denominations, LICC undertakes
speaking engagements, runs courses, workshops and events, offers consultancy, produces and
distributes books, podcasts. videos and other resources, conducts research, and communicates
through its website, social media, email and postal mailings and magazines. seeking to be a thought
leader and influencer.
Public benefit
The Board of Trustees has considered the Charity Commission's guidance on public benefit 3nd, in
particular, the specific guidance on the advancement of religion, and believe that LICC fulfils the
requirements in a number of ways.
LICC'S primary beneficiaries are those who engage with our content and training, but our impact
extends intentionally beyond our direct beneficiaries to the wider public. In our recent impact survey
9(YA of respondents said LICC has increased their motivation to live out their faith on their frontline.
We publish an annual Impact Report which highlights examples of the difference LICC make5 to Society
through the live5 of ordinary Christians.
Christians are called to serve everyone
Christian or not
and to work for the common good
wherever they are placed. A key framework we use to help Christians be frLJitful in their everyday
contexts is the 6Ms'.
Modelling godly character.. Being bearers of the fruit of the Holy Spirit.. love. joy. peace.
patience. kindness, goodness, faithfulness, gentleness, and self-control. Displaying self-
control by keeping a cool head when a colleague is provoking you,. promoting peace by
mediating an argument between two busine55e5; bringing joy by encouraging those around
vou.
Maklng good work.. Everything we do is to and for the glory of God. We can do everything-
the fun, the interesting, the big, the small, the mundane, and the just plain boring- for the
love of God and the service of others.

LICC LIMrrED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
ST
FOR THE YEAR ENDED 31 MARCH 2025
Ministèring Brace and lové.. This could be as simple as a timely cup of coffee, or taking ten
minutes out to talk stuff over with someone who is strLJgglinE.
Moulding culture.. This means making small changes that help'the way we do things, become
more Christlike.
Being a Mouthpiete for truth and justite.. Big or small, being a mouthpiece for truth and
justice looks like standing up
often at personal cost
to promote good, fair, and just
practices.
Being a Messenger of the gospel.. This means having an intentionality, a desire to talk about
Je5US With those around u5, in a way that brings life and is good news.
Activities and achievements during the year
The challenge
'Discipleship isn't o progromme or on event,. it's a way of life. It's notfor t7 limited time. butfor our
whole life. Discipleship isn'tfor beginners alone,- it'sfor all believersfor every day of their life.
Discipleship isn't just one of the things the church does,. it is what the church does.
Bill Hull, The Complete Book of Discipleship
LICCS five-year strategy
We have now completed the third year of LICCS five-year strategy to catalyse a movement that
envisions and empowers Christians to live as disciples of Jesus in their everyday lives.
In this strategy. we have an audacious goal to engage one million people. and 100.C¥)0 18-35-year-
old5, Wlth a vision for whole-life discipleship by 2027.
Supporting these goals are four strategic priorities..
Frontlines
Church
Culture
Bible
Inspiring Christians to
Ernbedding whole-life
see that their everyday distiplem3kin8 in the
frontline5 matter to
life of the gathered
God and equipping
chLJrch.
them for frLJitfLJlness.
Helping individuals
Growing confidence in
understand their
the Bible, its whole-life
culture, grapple with
relevance, and its
complex issues, and live practical application.
wisely in our time.

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Our ultimate goal is to See a world transformed for the glory of God through whole-life disciples of Jesus.
What follows is a summary of some of the activity undertaken to support the delivery of the above and our
four overall strategic priorities..
Frontlines
Work strategy
Under the leadership of our now full-time Work Champion. David Walker. we develop a new work strategv.
As part of this, we refreshed key resource5 and created new tools to help every Christian grow in
confidence in their calling and be equipped for the workplace.
Equipping Christians to see their work as a calling
We launched Does GodCoreAboutMy Work? a three-part
video series featuring Mark Greene that explores what the
Bible says about work- whether paid or unpaid, in an
office. a factory, or at home. Through biblical stories and
real-life testimonies, the series challenges viewers to
ernbrace their work as a vital part of God's redemptive
plan. Work is not a curse,. it's a gift. Every task God gives u5
Can contribute to the flourishing of others and the renewal
of the world.
DOES.
CARE A
MYW
Produced in partnership with RightNow Media, this series is now available to over 800 UK churches and
thousands more worldwide, significantly increasing our reach and engagement. Alongside the videos, we
launched small group discussion guides to help participants reflett on their work and faith in communitv
and a Youversion devotional journey.
Developing leaders
Recognising the growing need for leadership development, we refreshed and rebranded two kev
leadership programme5'.
EXECLITIV E Executive Toolbox- equipping Christians in leadership roles to bring biblical wisdom
TOOLBOX
to their workplaces.
TAKE
THE LEAD
Take the Lead Iformerly Emerging Letsdersl- designed to support emerging leaders
in developing a whole-life discipleship approach to leadership.
Both programmes will run at Waverley Abbey between May and September 2025.
Piloting o new evtsngelism course
In response to a growing need for fresh approache5 to evangelism, we piloted a new course (Word &
Witne55 on the Frontlinel designed to empower Christians to share their faith on their frontlines with
attentiveness, curioslty, and confidence. This Course is anchored in Jesus, encounter with the disciples on
the road to Emmaus (Luke 241 and offers a framework for engaging with others in a relational and
thoughtful way.

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Church (including festivals)
Vitol Signs
In May 2024 we launched Vital Sign5, a flagship new resource for church leaders which help5 therll erllbed
whole-life di5ciplem3king in the life of their churches. It includes an online dia8nostic tool, a book, and a
series of videos- all to help leaders embed whole-life disciple making into the life of their churches.
We integrated Vital Signs into our church visits, frequently offering church leaders a consultation alongside
their requested Sunday sermon. Beginning with the Vision Tour to the Isle of Man in October 2024, we
introduced a refreshed Vision Tour format.. focusing on LICC'S GM frarnework for individuals and Vital Signs
for church leaders. Since then, over 1,800 people-more than 95°A of whom are UK church leaders-have
taken the assessment. Meanwhile, the book continues to perform strongly. consistently ranking among the
top twenty discipleship titles on Amazon.
Expanding our presence in churches andfrstivols
Our engagement with ¢hLJrches and Christian festivals continued to grow. Through speaking engagements,
festival partnerships, and LICCS Vision Tour, we have strengthened our connection with key church
networks.
Boundless.. seeding whole-life discipleship in worship
A major milestone this year was working with Integrity music
on the Boundless EP. A songwriting camp bringing together
16 leading worship artists, including Nick Herbert, Elle
Limebear. Phillipa Hanna. Noel Robinson, and Lucy Grimble
produced 14 new'whole-life, worship songs, six of which
were recorded live in February 2025.
BOUNDLESS Songsfvrthe
scotreredchurch
With the full backing of Integrity Mu51C, these song5 will be
released as a series of singles and an EP over the coming
months. We are also working with Thy Kingdom Come to
launch the first of these songs at their annual Pentecost
festival, encouraging thousands of churches worldwide to
come together and sing'This is the Day, on Pentecost Sundav.
This project has the potential to embed whole-life theology
into the sung worship of the UK church, shaping how the next
generation expresses their faith through music.
Down to Eorth.. A Fresh Woy to Celebrate Chri5tma5
As part of our strategy to support churches during the Christmas season. we created Down to Eurth,
devotional journey designed to help church leaders connect the message of Christma5 Wlth whole-life
discipleship. The resource included a devotional via email or Youversion, sermon plan5 for each Sunday of
Advent and Christmas Day, five short films, and a digital graphics pack. The impact was encouraging..
around 8,000 people joined the devotional journey, and an estimated 200-300 churches used the full
teathing series. Feedbatk from churches and individuals w3s ex￿ptIonallY positive, affirming the value of
providing early, high-quality resources rooted in everyday faith.

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Strotegic partnerships with larger churches ond training institutions ond networks
We continued to build strategic partner5hip5 Wlth larger churche5 and continue to provide lectures and
seminars across a broad range of colleges and networks that train church leaders.
Globol influence.. Lausonne Movement Congress
From 22-28 September 2024, over 5,300 Christian leaders from across
churches, parachurch organisations, and workplaces gathered in Seoul-
Incheon for the Fourth Lausanne Movement Congre55, Wlth an additional
2,000 delegates participating online. LICC p13yed a key role in sh3ping the
congress. Dr Dave Benson, Director of Culture and Discipleship, was seconded
to the programme team, contributing Significantly to the development of the
event's theme. Let the Church Declare and Display Christ Together.. LICC'S influence was particularlv
evident in the afternoon collaborate sessions, which used a reflective practice framework drawn from our
work to address 25 gaps in the Great Commission.
LJ()11 I
INCHEON
Xlg-OIXl 2024
Culture
Expunding digitol content ondpodca5t reach
To engage younger audiences, we expanded LICC'S podcast offerings..
The Whole Life Podcust continued to see strong engagement, with over 87,lJ)O plays across
platforms. Our Tom Holland episode alone generated over 45,000 plays on YouTube- our most
successful podcast episode to date.
Unscrlpted, launched in September, and had 3000 plays.
Thank God It s Mond¢7y. which explores faith and work, finished its second Season in March. It's growing in
popularity among young professionals and has reached over 15,000 plays.
Investing in Instugram
We built our Instagram channel into a significant platform for engaging 18-35s. Our follower count topped
15,000, of whom at least half are in our target demographic, regularly receiving content on whole-life
discipleship. Our video stories about Christians engaging in their frontline culture also achieved significant
reach, driven by a combination of powerful messaging, influencer partnerships, and targeted ads. Our
three highest-performing videos of 2024125 had 145,WD, 80,000, and 57.000 views respectively.
Wisdom Labs.. addressing pressing culturul issues
Our Wisdom Labs continued to provide biblically rooted insights into contemporary issues. combining
article series, discussion guides, live events, and small group resources. This year's highlights (all held in
partnership) included..
Working Out justice
Jesus Died to Save the Planet
Peacemaking in Wartime

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Reimagine.. o new discipleship resource
We created Reimagine, a five-part small group discipleship series designed to help people
explore what it truly means to follow Jesus in everyday life. Rooted in the Listen-Imagine-
Create-communicate framework, this free resource will equip individuals and groups to
engage with culture, align their lives with Scripture, and live out their faith with wisdom,
boldness. and love.
Bible
Everyday Faith Bible.. o major new resource
In partnership with Bible Society, we continued work ON the Everyday Faith Bible- a resource designed to
help emerging generation5 and others see Scripture through the lens of whole-life di5ciple5hip.
Alongside this, we planned an expansion of our Gateway Seven series by repurposing Worshipping the God
of All in All of Life into a new resource on the Psalms, deepening our engagement with biblical worship and
whole-life discipleship.
Objectives for 2025-26
Strateglt Oblectlves for 2025-2026
l. Equip Individuals for Whole-Life Discipleship on Their Frontlines
We will help people confidently live out their faith in the everyday through-
New content, including three new video Series with RightNow Media, exploring how to share faith,
navigate workplace challenges, and make an impact at work.
Seasonal prayer and devotional journey5
including Advent lon wonderl designed to deepen
spiritual formation in daily life.
Piloting new frontline-focused initiatives, including Evt>ngelism fvr Non-Evongelists, to support
everyday witness with confidence and authenticity.
2. Strengthen and Resource the Local Church for Whole-Llfe Mlsslon
We will support church leaders and corNmunitie5 to nurture whole-life discipleship through..
A national church leaders, conference featuring leading thinkers and practitioners.
A fully revised edition of Fruitfulne55 Oll the Frontline, supported by a podcast and new church-wide
tool5.
8oundless.- Songs Everydoy Life
this new worship projert in partnership with Integrity Music
speaks to God's interest and action in everyday life and work. The songs were recorded in February
2025 and will be released between May and July 2025.
Continued investment in partnerships with church networks to deepen our impact at the local level.

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
3. Support Cultural En8agement Through Creative. Contextual Content
We will produce timely, relevant content to help Christians connect faith and culture by-.
Launching Reimogine, our new small group series.
Creating relevant digital content
including webinars, podcasts, and short-form videos
responds to cultural issues with biblical wisdom and imagination.
Developing formats that engage younger generations and sustain long-term discipleship
engagement.
that
4. Show the Whole-Life Relevance of the Bible
We will help people connect Scripture to all of life through..
The launch of the Everydoy FoNth Bible in partnership with Bible Society designed to demonstrate
the Bible's whole-life relevance and practical application in accessible and engaging ways.
S. Extend Our Reach Through Strateglc Growth and Innovatlon
We will strengthen LICC'S long-term impact by..
Conducting due diligence on two potential strategic partnerships to expand our capacity and
influence.
Deepening collaboration with media partners to reach wider audiences globally.
Building relationships with theological colle8e5, church networks, and media partner5 to enhance
credibility and amplify reach.
Financial review
Navigating Financial Challenges with Integrity and Care
The deficit for the year after gains and losses on investments was £380,37012024.. deficit of £327.5251. A
deficit budget for 2024-25 had been approved in order to invest our reserves in increasing our reach and
irnpart. Notwithstanding this, the end result was a larger deficit than budgeted due to a Significantly rnore
challenging financial landscape.
Several key funders
trusts that had generously supported our work over many years
have now closed
after exhausting their available resources. At the same time, salary-related expenses aCCOLJnt for 70% of our
total costs, and recent changes to Employer National Insurance Contributions have increased this pressure
further.
Additional challenges have included new restrictions on sub-letting parts of our premises. limiting our ability
to generate supplementary income, and an ongoing challenge in finding the right person to fill the key role
of Director of Philanthropy. Globally, market instability driven by events in the United States and eastern
Europe - has negatively impacted our investment reserves.
Total incoming resources for the year were £1,598,32712024.. £1,695,047).
During the year expenditure reduced by 2.6% to £1,969,542 from £2,021,633.

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
There was a £12,(1(K) realised gain on investment5 in the year and an unrealised 1055 of £21,155 on
investments at year end12024= unrealised Ios5 of £9391.
As a result of the f1nancial challenges, we made the painful decision to restructure parts of our team after
the year end. Some roles were made redundant, and several staff members voluntarily reduced their hours.
These decisions were not taken lightly and were shaped by a range of external and internal pressures. In
responding to these challenges, we have sought to act in a manner consistent with our values treating each
person affected with dignity, respett, and compassion, and offering meaningful support throughout the
process.
We pray that, by God'5 grace, these difficult but necessary actions will place LICC on a more sustainable
financial footing, enabling us to continue our mission with renewed focus and resilience. We will continue to
take necessary action to grow income as much as possible, and to reduce costs further should that prove
necessary-
Investments
LICC has an investment policy which seeks to manage risks such as volatility. liquidity, security, return,
reputation, and inflation. Investments are spread across a variety of institutions with balanced portfolios.
LICC inve5t5 funds that are not required at short notice. The investment fund5 selected are designed
especially for charities and the trustees consider these have perforrned adequately in relation to the market
and the circumstances. Environmental, social, and governance factors are considered in the selection of
funds.
The Finance and Operations Committee scrutinises LICC'S investments.
Reserves
The reserves policy is reviewed by the Board of Trustees annually. The trustees have agreed that 'free'
reserves should fall within a range which would enable LICC to withstand a variety of stress scenarios. This
range reflects the amount needed for an orderly closure of the charity plus amounts that would enable the
organisation to withstand a sustained drop in income caused by a variety of different stresses for a period of
twelve months. The target range is currently set at £530k-£697k. This range equates to between 3.5 and 4.7
months of total running Costs.
LICC has been committed to a growth strategy and investing some of our historic reserves in increasing our
impact. It was expected that, in so doing, by 31st March 2025, the level of 'free' reserves would reduce down
into our target range. However, since the deficit for the year was higher than budgeted, the reserves level
has fallen to slightly below our target range. As a result, steps are being taken as outlined above to reduce
expenditure in 2025-2026 and beyond.
At 31 March 2025, LICC had unrestricted reserves of £534,52812024= £915,234) of which £20,07012024=
£28,2481 has been designated for future reqLJirements leaving'free. reserves of £514,45812024: £886,986),
see notes 19 and 20.
In addition to unrestricted funds, LICC had expendable endowment funds of £92,54912024.' £92,213).
io

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Going concern
The trustees considerthat the charity can continue as a goin8 concern for a period of at least 12 months from
the date of approval of these financial statements. The trustees also have a reasonable expettation that the
charity will have adequate resources to continue in operation for the foreseeable future.
Risk
The risks faced by the charity have been reviewed during the year, and policies and contro15 to mitigate these
risks are in place.
The three most significant risks identified, together with mitigating actions are..
Flnanclal Instablllty: the reduction in income caused by a challenging economic environment may
limit our ability to deliver our planned activities in full. In response, we will continue to identify
opportunities for cost savings and strengthen processes for managing and controlling expenditure.
We are also developing a revised fundraising strategy Wlth a focus on growing and diversifying
income streams, and will maintain regular check-ins with the Finance and Operations Committee to
closely monitor cash flow and reserve5.
Rèduced staffing capacity: redLJndancies 3nd a retruitment freeze may lead to staff burnoLJt unless
we scale back plans for delivery, both of which may affect our ability to retain talent and impart
negatively on staff morale. Regular check-ins with staff will be carried out and workloads will be
reviewed and prioritised.
Strate8ic delivery.. in view of the above, our ability to fully deliver on our five-year strategy may be
impacted. In response, we will prioritise the investment of our time, talent, and financial resources
on activities that deliver the greatest impact.
Remuneration policy
At LICC. it is accepted that most individuals are attracted. retained, and motivated by our calling and mission.
However, we should never seek to exploit this motivation, remembering that jesus, own teaching is that the
'worker deserves hi5 wages, ILuke 10'.71. In setting remuneration and in accordance with our values, LICC
adopts the following principles..
l. We seek to offer fair pay for all staff, not least towards those in lower graded roles.
2. We seek to reflect objective measures to quantify the reward appropriate for the role (typically these
measures will include educational attainment or skills, responsibility, complexity, risk, relationships,
pressure of work and environment).
3. We recognise that pay is part of a wider employment package that includes not only other tangible
benefits le.g. pension. maternity & paternity pay. death-in-service coverl but also personal
development, fulfilment and association with LICC'S cause.
4. We will agree on remuneration bands using a variety of data including relevant benchmarked salary
ranges in the UK charity Sector.
li

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
The implementation of this policy is effected by LICC'5 Executive. The People Committee provide5 governance
oversight and input on all matters concerning principles and policies of pay and benefits, whilst the Finance
and Operations Committee sets the overall salary budget and reviews and approves salary increases,
comparing with appropriate benchmarks. All salaries are reviewed on an annual basis.
Fundraising policy
The Charity does not use fundraising services. consultants or external professional fundraisers to undertake
its fundraising activities. Additionally, no data is shared beyond our Privacy Policy or sold to any external
agencies. LICC issues quarterly paper mailings and monthly and bi-weekly ernails to subscribers (which they
can unsubscribe from) that share information about the charitable work of LICC. The Charity invites
individuals to attend events but does not exert undue pressure to attend or donate. It doesn't approach or
pressure vulnerable people to support its work. The Charity adheres to the Fundraising Code of Practice
issued by Fundraising Regulator, and a complaints policy is in place. No complaints about fundraising were
received during the year.
Statement of Board of Trustees, responsibilities
The trustees (who are also the directors of LICC for the purposes of company lawl are responsible for
preparing the Report of the Board of Trustees and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland,.
Company law requires the Board of Trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure. of the charitable company for that period.
In preparing those financial statements, the trustees are required to..
Select 5Ultable accounting policies and then apply them con51Stently
Observe the methods and principles in the Charity SORP
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business
The trustees are responsible for keeping proper accounting records which disc105e with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safegLJ3rding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware..
There is no relevant audit information of which the charitable company's auditors are unaware
The trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information
12

UCC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARY CHRISTIANITY
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31" MARCH 2025
Auditors
Knox Cropper LLP have si8nified their willin8ness to continue in office and a resolution proposing their
reappointment will be SLJbmitted to the Annual General Meeting.
y order of the Board of Trustees on 3 July 2025 and signed on its behalf:
Karen Brown, Chair
St. Peter's,
Vere Street,
London WIG ODQ
13

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Oplnlon
We have audited the financial statements of LICC Limited for the year ended 31 March 2025 which comprise
the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standard5 are further described in the Auditorfs
respon5ibilitie5 for the audit of the financial Statements sertion of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe thatthe audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statement5, we have concluded that the trustee5' use of the going concern basis of
accounting in the preparation of the financial staterllents is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respett to going concern are described in
the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial
statements and OLJr auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
14

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement
of thi5 Other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companie5 A¢t 2CK16
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is consistent
with the financial statements; and
the directors, report included within the Trustees, report has been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and Ljnderstanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors, report included
within the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not V151ted by us,. or
the financial statements are not in agreement with the accounting record5 and returns; or
certain disclosures of Trustees, remuner3tion specified by law 3re not made,. or
we have not received all the information and explanations we reqLJire for our audit,. or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from
the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the Trustees, responsibilities statement, a5 set out in the Report of the Board of
Trustees. the Trustees, who are also the directors of the charitable company for the purp05e5 of corllpanv
law, 3re responsible for the preparation of the finantial statements and for being satisfied that they give 8
true and fair view, and for such internal control as the Trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether dLJe to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the company's ability to
continue as a going concern, disclosin& as applicable. matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the company or to cease
operations, or have no realistic alternative but to do so.
Is

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Audltorfs responslbllltles for the audlt of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement. whether due to fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit
condutted in accordance with 15As IUKI will always detect a material rllisstatement when it exists.
Mi55tatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic deci5ion5 of users taken on the basi5 of these
financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respert of
irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below..
The Charitable Company is required to comply with both company law and charity law and. based
on our knowledge of its activities, we identified that the legal requirerllent to accurately account for
restricted funds was of key signifitance.
We gained an understanding of how the charitable company complied with its legal and regulatory
framework, including the requirement to properly account for restricted funds, through discussions
with management and a review of the documented policies, procedures and controls.
The audit team, which is experienced in the audit of charities, considered the charitable company's
susceptibility to material misstatement and how fraud may occur. Our considerations included the
risk of management override.
Our approach was to check that all restricted income was properly identified and separately accounted for
and to ensure that only v3lid and appropriate expenditure was charged to restricted fund5. This included
reviewing journal adjustments and unusual transactions.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. www.frc.or
.uk
auditorsres
onsibilities. This description forms
part of our auditor's report.
Use of our report
This report 15 made solely to the Charitable comp3nVs members, as 3 body, in accordance with Chapter 3 of
Part 16 of the Companies Art 2006. Our audit work has been undertaken, so that we might state to the
charitable company's members those matters we are required to state to them in an 3uditor's report 3nd
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report or for the opinions we have formed.
16

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Richard Billinghurst FCA1Senior Statutory Auditor)
For and on behalf of Knox Cropper LLP. Statutory Auditor
65 Leadenhall Street
London
EC3A 2AD
¥w2txx
1210812025
17

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
Unrestrlcted
Funds
Restrleted
Funds
Endowment
Funds
2025
Total
2024
Total
Note
INCOME FROM:
Donations and legacies
Charitable activities
Other trading activities
Investments
1.300.377
61,737
42,090
33,549
160,574
1,460,951
61,737
42,090
33,549
1.534.336
81.164
37.828
41,719
Total Income
1,437,753
160,574
1,598,327
1.695,047
EXPENDITURE ON..
Raising Funds
Charitable Activities
159,558
1,649,410
159,558
1,809,984
168.671
1.852.962
160,574
Total Expenditure
1,808,968
160,574
1,969,542
2.021.633
Net
Income/lExpenditurel
before gains/llossesl on
Investments
1371,2151
1371.2151
1326,5861
Other Recognised Gains
and Losses
Net realised gains/llossesl
on Investments
Net unrealised
gainslllossesl
on Investments
13
12,(KK)
12,000
13
121,4911
336
121.1551
19391
Net
Income/lExpenditurel
Net Movement in
Funds
1380.7061
336
1380.3701
1327,5251
Fund balances brought
forward
915,234
92,213
1,007,447
1,334,972
Fund balances carried
forward
534,528
92.549
627,077
1.007.447
The company's income and expenditure all relate to continuing operations.
The full comparatives are set out in Note 23 to the accounts.
18

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
BALANCE SHEET
AS AT 31ST MARCH 2025
2025
2025
2024
2024
Note
FIXED ASSETS
Tangible Assets
Intangible Assets
Investments
li
12
13
20,070
25,206
3,042
810,644
838,892
481,769
501,839
CURRENT A55ETS
Stocks
Debtors
Cash Deposits
Cash at Bank and in Hand
18,628
86,670
290
146,958
252,546
25,575
97,413
705
215,612
339,305
14
Creditors.. Amounts falling
duè within onè yèar
15
1127,3081
1170,7501
Net Current Assets
125,238
168,555
Total Assets le55 Current
Liabilities
627,077
1,007,447
Fund5
Capital Fund5
Endowment5
17
92,549
92,213
Income Funds
Restricted Funds
18
Unrestricted Funds..
Designated Fund
General Fund
19
20,070
514,458
28,248
886,986
534,528
915,234
627,077
I,IK>7,447
Approved by the Directors on 3 july 2025
and signed on their behalf:
fv--
Karen Brown, Chair
Registered Company Number.. 01680265
19

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2025
2024
2024
CASH FLOWS FROM OPERATING
ACTIVITIES
Net incomellexpenditurel for the year
1380.3701
1327.5251
Adjustments for..
Depreciation charges
Loss on di5P05al of fixed assets
Amortisation charges
Interest and dividends
IGainsl/losses on investments
Ilncreaselldecrease in stocks
Ilncreaselldecrease in debtors
Increaselldecreasel in creditors
11,254
79
3,042
133,5491
9,155
6,947
10,743
143.4421
11,112
11,969
141,7191
939
12,431
11,3811
35,833
NET CASH PROVIDED BY (USED INI
OPERATING ACTIVITIES
1416,1411
1298,3411
CASH FLOWS FROM INVESTING
ACTIVITIES
Interest and dividends received
Purchase of tangible fixed assets
Disposal of tangible fixed assets
Purchase of investments
Disposal of investments
33,549
16,7961
599
19,4941
329,214
41,719
19,8731
18,5261
NET CASH (USED INI PROVIDED BY
INVESTING ACTIVITIES
347,072
23,320
Change in cash and cash equiv31ents in
the year
169,0691
1275,0211
Cash and cash equivalents at the
beginning of the year
216.317
491,338
Cash and cash equivalents at the end
of the year
147,248
216,317
20

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
CHARITY INFORMATION
LICC Limited is a private company limited by guarantee (registered company number 016802651 which
is incorporated in England and Wales. The address of the registered office is St. Peterfs, Vere Street,
London, WIG ODQ.
ACCOUNTING POLICIES
The principal accounting policies adopted and critical areas of judgement5 are as follows:
2.1 Basis of preparation
The accounts have been prepared in accordance with the Charities SORP IFRS 1021 applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it
applies from l January 2018.
LICC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the accounting policies
notes.
2.3 Preparation of the accounts on a going contern basis
The trustees have assessed whether the use of the going concern basis is appropriate anij have
considered possible events or conditions that might cast siÉnificant doubt on the ability of the Charity
to continue as a going concern. The trustees have made this assessment for a period of at least one
vear from the date of approval of the financial statements. In particular the trustees have considered
the Charity's forecasts and projections and have taken account of pressures on donation and
investment income. After making enquiries the trustees have concluded that the Charity has sufficient
resources to continue in operational existence for the foreseeable future. The Charity therefore
continues to adopt the going concern basis in preparing its financial statements.
2.4 Functional ¢urren¢y
The funttional currency of the Charity is considered to be pounds sterling because that is the currencv
of the primary economic environment in which the Charity operates. The financial statements are also
presented in pounds sterling.
2.5 Income and Expendlture
Income
All income is included in the Statement of Financial Activities when the charitable company is legallv
entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy.
Donations and gifts are credited to the SOFA on receipt.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably.
21

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES Icontlnuedl
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Support costs include back office costs, finance, personnel. payroll and
governance costs. These costs have been allocated between cost of raising funds and expenditure on
charitable activities on the basis of staff time.
2.6 Tangible and Intangible Fixed Assets
Tangible fixed a55et5 are stated at C05t less depreciation. Depreciation 15 provided at rates calculated
to write off the cost less estimated residual value of each asset over its expetted useful life, as follows..
Fixtures and Fittings
Equipment
Computer Equipment
i(VA straight line
2(VA straight line
33.3% straight line
Intangible assets are stated at cost less amortisation. Assets are amortised once brought into use
Amortisation is provided at rates calculated to write off the cost less estimated residual value of each
a55et over it5 expected useful life, as follow5..
CRM system
20% straight line
2.7 Investments
Investments are stated in the balance sheet at their market value as at the balance sheet date. All
movements in value arising from investment changes or revaluation are shown in the Statement of
Financial Activities.
Realised gains or losses on investments are calculated as the difference between the disposal proceeds
and market value at the beginning of the year or cost if purchased during the year. Unrealised gains
or105se5 are derived from the movement in market values during the year.
2.8 Stocks
Stocks are of goods for resale and are stated at the lower of cost and net realisable value.
2.9 Flnanclal Instruments
Financial assets such as cash and debtors are measured at their present value of the amounts
receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such as
trade creditors, loans and finance leases are measured at the present value of the obligation.
2.10 Operating Leases
Renta15 payable under operating leases are charged on a straight line basis over the term of the lease.
2.11 Pension Costs
The company makes contribLJtions to Personal Pension Plans for all eligible employees, Ljnless thev
have opted out of the company's scheme.
22

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES Icontlnuedl
2.12 Fund Accountlng
Funds held by the charitable company are either..
Unrestricted funds
these are funds which can be used in accordance with the company's
charitable objects at the discretion of the trustees, some of which have been designated for
specific purp05e5.
Endowment funds- these are funds, the capital of which has to be retained.
Restrirted fund5- these are funds that can only be used for particular restricted purpose5 Wlthin
the objects of the charitable company. Re5triction5 arise when specified by the donor or when
funds are raised for particular restricted purp05e5.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
2.13 Forelgn Currencles
Assets. liabilities, revenues and costs expressed in foreign currencies are translated into sterling at
rates of exchange ruling on the date on which transactions occur, except for monetary assets and
liabilitie5 which are translated at the rate ruling at the balance Sheet date. Differences arising on the
translation of such items are dealt with in the Statement of financial activities.
INCOME
Income and the result for the year are attributable to the company's activities in seeking the
advancement of Christianity, in particular by providing instruction in the Christian faith, life and
mission in the context of the contemporary world. With the exception of a very small amount of
overseas sales. all the income arose in the United Kingdom.
4. INVESTMENT INCOME
Totsl
2025
Total
2024
Bank Interest
Income from Fixed Asset Investments
8,567
24,982
33,549
15,597
26,122
41.719
S. RAISING FUNDS
Total
2025
Total
2024
Dirert Staff Q)sts
Other Direct Costs
Support Costs (See Note 71
114,317
21,840
23,401
159,558
115,620
22,921
30,130
168,671
All costs of raising funds are unrestricted.
23

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
6. CHARITABLE ACTIVITIES
Researchln& Envlslonlngi Equlpplng and Resourdng Chrlstlans and Churches
Total
2025
Total
2024
Oirect Staff Costs
Other Direct Costs
Support Costs (See Note 71
1.138,749
226,618
444,617
1,809.984
957,920
322,570
572,472
1.852.962
7. SUPPORT COSTS
Raising
Funds
Charitable
Activitie5
Total
2025
Total
2024
Staff Costs
Premises Costs
O￿l¢e Costs
Other Costs
9,239
5,576
2,024
5,400
22,239
175,537
105,940
38,462
102,593
422,532
184,776
111,516
40,486
107,993
444,771
297,738
114,062
50,847
123,582
586,229
Staff Costs Governance
Other Governance Costs
741
421
1,162
14,077
8,008
22,085
14,818
8,429
23,247
8.297
8,076
16,373
Total Support Costs
23,401
444,617
468,018
602,602
8. STAFF COSTS
Total
2025
Total
2024
Gross Salary Costs
Ex-gratia
NIC Employer's
Pension Employer's
1,176,770
1,121,085
127,267
148,623
1,452,660
121,210
137,280
1,379,575
The average headcount during the year was:
29.4
27.8
The average number of staff (full time equivalentl during the year
wa5..
27.0
24.9
24

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
8. STAFF COSTS Itontlnuedl
The total employee benefits of the Key Management Personnel of
the Charity, defined as the Senior Management Team as identified
in the Trustees Report were..
248.059
248,674
The number of ernployee5 whose employee benefits lexcluding employer pension costs) exceeded
£60,000 wa5..
Total
2025
Total
2024
£60,001- £70,000
£70.001- £80,000
£80,001- £90,000
£90,001- £100,000
£iOO,OOi- £iiO,(K)O
Contributions to a defined contribution pension scheme amounting to £61,08912024.. £45,060) were
also made in respect of these staff members.
9. NET INCOME
Thi5 IS stated after charging-
Total
2025
Total
2024
Auditors, remuneration
Statutory audit- current year
Depreciation
Amortisation
5,150
11,254
3,042
4,900
11,112
11,969
10. TAXATION
The company is a registered charity and no taxation liabilities arise from its charitable activities.
25

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
11. TANGIBLE FIXED ASSETS- ALL FOR CHARITY USE
Flxtures &
Fittings
Offlce
Equlpment
Computer
Equipment
Total
Cost
At Start of year
Additions
Disposals
At 31" March 2025
17,586
50,302
1,858
16901
51,470
56,257
4,938
124,145
6,796
16901
130,251
17,586
61,195
Depreciation
At start of year
Charge for the year
Disposa15
At 31" March 2025
17,279
62
39,358
3,148
1121
42,494
42,302
8,044
98,939
11,254
1121
110,181
17,341
50,346
Net Book Values
At 31" March 2025
245
8,976
10,849
20,070
At I" April 2024
307
10,944
13,955
25,206
12. INTANGIBLE FIXED ASSETS- ALL FOR CHARITY USE
CRM System
Cost
At start of year
Additions
Disposa15
At 31" March 2025
59.843
59,843
Amortlsotlon
At start of year
Charge for the year
Disposals
At 31" March 2025
56,801
3.042
59,843
Net Book Values
At 31" March 2025
At I" April 2024
3,042
26

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
13. FIXED ASSETS- INVESTMENTS
Total
2025
Total
2024
Market Value
At I. April 2024
Purchases
Disposals
Reali5ed Gains I (Losses)
Unrealised Gains / ILossesl
At 31" March 2025
810.644
9,494
1329,2141
12,000
121,1551
481,769
803.057
8,526
19391
810,644
2025
2024
Markèt
Value
Market
Value
Cost
Cost
8lackRock Charites UK Equity
M & G Charifund
CCLA COIF
Epworth AIF
Sarasin Alpha CIF
Endava pl¢
89.133
160,738
126,500
78,986
126,500
31,723
613,580
147,431
162,639
200,579
85.014
169,784
45,197
810,644
170,232
126,500
78,986
180,118
191,233
87,808
31,723
407,441
22,610
481,769
14. DEBTORS
Total
2025
Total
2024
Due Wlthln One Year
Trade Debtors
Prepayments and accrued income
VAT
Other Debtors
7,869
76,662
2,139
34,715
61,281
1,417
97,413
86,670
15. CREDITORS: Amounts falllng due wlthln one year
Total
2025
Total
2024
Trade Creditors
PAYE and Social Security COSt5
VAT
Accruals and Deferred Income
17,736
31,993
21,191
30,689
2,528
116,342
170,750
77,579
127,308
27

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
15. CREDITORS: Amounts falling due wlthln one year Icontlnuedl
Analysls of deferred Income
Totsl
2025
Total
2024
As at I, April 2023
Rele35ed to the Statement of Financial Activities
Deferred in the current year
As at 31" March 2024
45,290
145,2901
9,754
9,754
22,748
122,7481
45,290
45,290
16. PENSION COMMITMENTS
A stakeholder pension scheme is open to all employees and the Charity contributes to a nLJmber of personal
plans. The assets of the plans are held separately from those of the Charity in independently administered
funds. The pension cost charge represents contributions payable by the Charity to these plans and amounted
to £148,623 during the year12024'. £137,280).
17. EXPENDABLE ENDOWMENT FUNDS
2025
Movement in Funds
Intome
Gainsl
(Losses) on
Investments
Balance at 1°
Aprll 2024
Balance at 31.
March 2025
Endowment Fund & Legacy
Contingency Fund
92.213
336
92,549
92,213
336
92,549
2024
Movement in Funds
Intomè
Gainsl
(Losses) on
Invèstmènts
Balancè at I
April 2023
Balancè at 31.
Mar¢h 2024
Endowment Fund & Legacy
Contingency Fund
84,838
6,039
1,336
92,213
84,838
6,039
1,336
92,213
The Endowment and Legacy Contingency Fund has been set up as a last resort if no other source of finance
is available. It may be used to repay outstanding commitments and debt arising in the unlikely event of the
company closing down.
There 15 no restriction on expenditure from income arising from this fund.
28

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
18. RESTRicfED FUNDS
The income funds of the company include restritted funds comprising the following unexpended
balances of donations and grants held on trust to be applied for specific purposes.
2025
Balance at
I" April
2024
Income
Expenditure
Transfersl
Gains on
Investments
Balance at
31" March
2025
Executive Toolbox
Emerging Generations
The Workplace
FOFL 2.0
Vital Signs
148,538
2,036
10,000
1148,5381
12,0361
iio,0001
160,574
1160,5741
160,574
1160,5741
2024
Balan¢e at
I" April
2023
Income
Expenditure
Transfersl
Gains on
Investments
Balance at
31" Marth
2024
Executive Toolbox
Emerging Generations
The Workplace
Vital Sign5
10,000
281,052
2,888
3,500
297,440
iio,0001
1281,0521
12,8881
13,5001
1297,4401
297,440
1297,4401
Executive Toolbox is a tailored leadership course specifically for Christians in senior marketplace
leadership roles and aims to equip them to have greater impact for Christ in their workplaces, and to
be agents of transformative change. In the year 2023-24 this course was run in Scotland.
The Emerging Generations Fund is to be used for LICC'S work supporting young adult Christians to grow
as disciples in their everyday life and work.
The Workplace Fund 15 to be used for LICC'5 range of projects to help individuals and churche5 advance
the cause of the Christian faith in the workplace.
29

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
18. RESTRicfED FUNDS ICONTINUEDI
FOFL 2.0 is a fully revised and updated version of our flagship resource Fruitfulness on the Frontline.
Based on LICC'S 6M framework. this new updated suite of resources will consist of a small group
course, Sunday service materials, youth and children's materials and more, and will be for Christians of
all ages and denominations.
Vital Sign5 is a comprehensive resource designed to help church leaders a55e55 how whole-life-enabling
their churches are. By focussing on 20 vital signs, it provides diagn05tic tools and resource5 to help
them make progress in embedding and sustaining whole-life values in their churches.
19. DESIGNATED FUNDS
2025
Balance at
31"
March
2024
Income
And New
Allocations
Utilised
During
Year
Transfersl
Gains on
Investments
Balance
at 31.
March
2025
Tangible Fixed Asset
Fund
Intangible Fixed Asset
Fund
25,206
6,118
111,2541
20,070
3,042
13,0421
28,248
6,118
114,2961
20,070
2024
Balan¢e at
31"
March
2023
In¢ome
And New
Allocatlons
Utilised
During
Year
Transfersl
Gains on
Investments
Balance
at 31,
March
2024
Tangible Fixed Asset
Fund
Intangible Fixed Asset
Fund
26,445
9,873
111,1121
25,206
15,011
111,9691
3,042
41,456
9,873
123,0811
28,248
Tangible Fixed A55et Fund: Thi5 fund provides for future depreciation charges.
Intangiblè Fixèd Assèt Fund.. This fund provides for future amortisation charges.
30

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestrlcted
Funds
RestrScted
Funds
Endowment
Funds
Total
Fund balances at 31" March
2025 are represented by
Tangible Fixed Assets
Intangible Fixed Assets
Investments
Net Current Assets
Net Total Net Assets
20,070
20,070
389,220
125,238
534,528
92,549
481,769
125,238
627.077
92.549
Unrestrlcted
Funds
Restr5cted
Funds
Endowment
Funds
Total
Fund balances at 31" March
2024 are represented by
Tangible Fixed Assets
Intangible Fixed Assets
Investments
Net Current Assets
Net Total Net Assets
25,206
3,042
718,431
168,555
915,234
25,206
3,042
810,644
168,555
1,007,447
92,213
92,213
21. OTHER FINANCIAL COMMITMENTS
The total future minimurn lease payments under non-cancellable operating leases are payable=
Land and Buildin85
2025
2024
Within One Year
Between One and Five Years
54,750
73,000
54,750
54,750
127,750
On 21" November 2022 a renewed licence agreement in respect of St Peter's Church, Vere Street, was
agreed with All Souls Langham Place Church. London. commencing I, january 2023 at an annual rental
of £73.000. until 31st December 2025.
During the year, lease payment5 amounted to £73,CW12024- £73,000).
31

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
21. OTHER FINANCIAL COMMITMENTS Icontlnuedl
Photocopler Lease
2025
2024
Within One Year
Between One and three Years
1.480
i.iio
1,480
2,590
2,590
4,070
On 7 November 2023, an operating lease was taken out in respect of a photocopier for a period of 36
months beginning on l December 2023.
During the year lease payments amounted to £1,48012024.. £4931.
22. TRUSTEES, REMUNERATION AND RELATED PARTY TRANSACTIONS
No remuneration was paid to the trustees in the year12024'. £Nill. Expenses totalling £137 were paid to
two trustees in the year12024.' £280 to three trustees).
A number of trustees, key management personnel and parties related to key managerllent personnel
gave donations to the Charity during the year. There were no conditions attached to these donations.
The aggreg3te donations given to the Charity by related parties was £67,86612024.. £68,6251
32

LICC LIMITED
THE LONDON INSTITUTE FOR CONTEMPORARYCHRISTIANITY
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2025
23. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrlcted
Funds
Restrlcted
Funds
Endowment
Funds
2024
Total
2023
Total
Notes
INCOME FROM:
Donations and legacies
Charitable artivities
Other trading activities
Investments
1,236,896
81,164
37,828
35,680
297,440
1,534,336
81,164
37,828
41,719
1,887,670
102,262
31,305
27,552
6,039
Total Income
1,391,568
297,440
6,039
1.695,047
2,048.789
EXPENDITURE ON..
Raising Funds
Charitable Activities
168,671
1,555,522
168,671
1,852,962
89,828
1,897,a19
297,440
Total Expenditure
1,724,193
297,440
2,021,633
1,987,147
Net
Income/lExpenditurel
before gain511105se51
on Investments
1332,6251
6,039
1326.5861
61,642
Other Re¢ognised Gains
and Losses
Net Eains/llossesl on
Investments
13
12,2751
1,336
19391
1104,028}
Net
Income/lExpenditurel
Net Movement in
Funds
1334,9001
7,375
1327.5251
142.3861
Fund balances brought
forward
1,250,134
84,838
1,334,972
1,377,358
Fund balances carried
forward
915,234
92.213
1.007,447
1,334.972
33