Life Centre Livingston, SCIO Report and Financial Statements For the Year Ended 31st October 2024
Charity Number: SC050134
Life Centre Livingston, SCIO Trustees’ Report Reference and Administration Details for the year ended 31 October 2024
Charity Registration Number SC050134
Charity Name Life Centre Livingston Principal Address Independent Examiner
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Trustees
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Life Centre Livingston, SCIO
Trustees’ Report for the year ended 31 October 2024
Structure, Governance and Management
Governing Document
Life Centre Livingston is a Scottish Charitable Incorporated Organisation (SCIO) and the purposes and administrative arrangements are set out in our constitution.
Recruitment and Appointment of Trustees
The governance, management and administration of the Church will be the responsibility of the charity trustees (elders). To be appointed as a trustee (elder) a person must (a) be aged 18 or over, (b) must not be disqualified from being a charity trustee, (c) must confirm personal acceptance of the Basis of Faith of the Assemblies of God Appointment is by a special resolution of the trustees (elders)
Risk Management
The Trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
Trustees Remuneration and Expenses
During the period the trustees received payments of the following amounts:
Objectives and Activities
Charitable and Religious Purposes
Life Centre Livingston is part of the Assemblies of God GB. The Assemblies of God is one of the major Pentecostal denominations in existence today. Pentecostal churches are part of the overall Protestant church groups which proclaim the Lordship of Jesus Christ and base all that they do upon the teachings of the Holy Bible
Achievements and Performance
We are here to help people 1) Find God, 2) Experience freedom, 3) To discover their purpose, 4) And help make a difference. We promote the Holy Bible as the infallible word of God. We facilitate opportunites for people to discover for themselves the presence of God. We provide programmes to those ends We encourage people who have had a specific answer to prayer or a spiritual experience through attending the church to allow us to put a brief testimony on our web site: www.lifecentrelivingston.com
Introduction This report covers the period from November 2023 to October 2024
Life Centre Livingston meets for worship on Sunday mornings with different activities throughout the week Our core focus on Sunday mornings is to have extended worship accompanied by preaching from the Holy Bible
We welcome visitors and our workers involved with children or vulnerable adults have Disclosure Scotland documentation The church also has in place ‘Safeguarding’ procedures along with a Safeguarding officer
The church is international in terms of its composition with many people from different nationalities attending In recognition of this dynamic the church has had many sharing on Sunday mornings along with invited speakers
Life Centre Livingston is also here to support and to meet spiritual needs of the people along with support for their emotional and physical well being
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Life Centre Livingston, SCIO Trustees’ Report
for the year ended 31 October 2024
Introduction (continued)
The activities of the church are led by our leadership team and cover: worship team, women's group, men's group, prophetic training, care home visits, home groups, children's work youth work, and a number of other activities which include intercessory/prayer on zoom. Life Centre Livingston believes in the power of prayer
A number of the above activities are held at Stoneyburn as the church does not have its own building in Livingston.
Partnerships
Life Centre Livingston maintains good relationships with churches both in Livingston and at Stoneyburn. In Livingston we work with the Elim church, joint activites with youth and regular meetings together At Stoneyburn we share the Service of Remembrance along with the other churches. We also participate in the World Womens day of prayer along with the Church of Scotland and the Catholic Church.
Financial Review
Reserves Policy and Going Concern
All money raised for, or on behalf of the charity, shall be applied to further the project of the charity and for no other purpose. Where monies are donated towards a specific project these shall be classed as restricted funds and shall only be applied to the specific project for which they were intended. All other monies raised or received will be classed as unrestricted funds and used for the objectives as detailed.
The trustees consider the financial position of the charity to be satisfactory and adequate to support the continuation of activities for the foreseeable future
le Date 1G ttre (L REO1S -—
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Life Centre Livingston, SCIO Independent Examiner's Report for the year ended 31 October 2024.
| report on the accounts of the charity for the year ended 31 October 2024 which are set out on pages 5 to 11
Respective responsibilities of Management Committee and independent examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts , and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, | do not express an audit opinion on the view given by the accounts
Independent examiner's statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in any material respect the requirements
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() to Keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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(1!) to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Date IG Acre ACAS
Life Centre Livingston, SCIO
Statement of Financial Activities
(including Income and Expenditure Account) for the year ended 31 October 2024
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||
| 2024 | 2024 | 2024 | 2023 | |||
| Notes | £ | £ | £ | £ | ||
| Income | ||||||
| Donations and Legacies | 4 | 67,401 | - | 67,401 | 47,493 | |
| Investment Income | 5 | 1,378 | - | 1,378 | 1,849 | |
| Total income | 68,779 od |
. =————— |
68,779 =o |
49,342 ee |
||
| Expenditure | ||||||
| Charitable Activities | 10 | 28,777 | - | 28,777 | 28,655 | |
| Total expenditure | 28,777 | - | 28,777 | 28,655 | ||
| Net income/(expenditure) and | net | |||||
| movement in funds forthe ye | 40,002 | . | 40,002 | 20,687 | ||
| Reconciliation of funds | ||||||
| Totalfunds brought forward | 249,155 | 76,900 | 326,055 | 305,368 | ||
| Total funds carried forward | 6 | 289,157 —————————— |
76,900 _——______7 |
366,057 =a |
So | 326,055 |
| Movementsinfundsareshowninnote6. |
The statement of financial activities includes all gains and losses in the year
All incoming resources and resources expended derive from continuing activities.
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Life Centre Livingston, SCIO
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £ £
Fixed Assets 12 140,199 140,901
Current Assets
Cash at bank and in hand 8 225,858 185,154
225,858 185,154
Net Current Assets 225,858 185,154
Net Assets
7 366,057 326,055
The funds of the charity:
Unrestricted Funds 6 289,157 249,155
Restricted Funds 6 76,900 76,900
Total Funds 6 366,057 326,055
Approved by the Truste iG PA rel Zo lo on its behalf by
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Life Centre Livingston, SCIO Notes to the Accounts for the year ended 31 October 2024
1 Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Basis of Accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepaning their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Life Centre Livingston meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Income Recognition Policies Items of income are recognised and included in the accounts when all of the following crieria are met. (i) The charity has entitlement to funds, (ii) Any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity. (i) There is sufficient certainty that receipt of the income is considered probable; and (iv) The amount can be measured reliably
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank
Expenditure and irrecoverable VAT 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. Expenditure is classified under the following activity heading () Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred
Tangible Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Assets with a cost of more than £250 are capitalised. Depreciation is Calculated to write off their cost or valuation less any residual value over their estimated useful lives on a straight line basis as follows
Assets Under Construction 0% Building Costs 2% straight line Furniture and Equipment 20% straight line
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar account
2 Net Income/(Expenditure) for the year
This is stated after charging:
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2024 2023
£ £
Depreciation 1,022 958
Independent Examiners Fee 570 540
st ———s
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3 Taxation
As a charity, Life Centre Livingston is exempt from tax on income and gains falling within Sections 466 to 493 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chantablie objects. No tax charges have arisen in this charity
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Life Centre Livingston, SCIO Notes to the Accounts
for the year ended 31 October 2024
4 Donations & Legacies Income
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2024|2023|
|£|£|£|£|
|Donations and|Offerings|62,005|:|62,005|46,117|
|Gift|Aid|4,996|-|4,996|-|
|Mission|Income|400|-|400|1,376|
|a|a|en|ieee|
|67,401|-|67,401|47|493|
|a|—<—<——|
|5|Investment|Income|
|Unrestricted|Restricted|2024|2023|
|£|£|£|£|
|Bank|Interest|Received|1,378|-|1,378|1,849|
|1,378|-|1,378|1,849|
|2|—|
|6|Analysis|of|Charitable|Funds|
|As|at|As|at|
|1|November|Incoming|Outgoing|31|October|
|2023|Resources|Resources|2024|
|£|£|£|£|
|Analysis|of|Movements|in|Unrestricted|Funds|
|Unrestricted|Funds|
|General|Funds|249,155|68,779|(28,777)|289,157|
|Pei|i|ola, Sn|iS|LA|2 82M|
|Analysis|of Movements|in|Restricted|Funds|
|Restricted|Funds|
|Building|Fund|76,900|:|:|76,900|
|pmcia|
|TOTAL FUNDS|a326,055|68,779|(28,777)|366,057|
|The|movements|in|funds|for|the|comparative|period,|the|year ended|31|October|2023|was|as follows|
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|||||||
|---|---|---|---|---|---|
|As|at|As|at|
|1|November|Incoming|Outgoing|31|October|
|2022|Resources|Resources|2023|
|£|£|£|£|
|Analysis|of|Movements|in|Unrestricted|Funds|
|Unrestricted|Funds|
|General|Funds|228468|49.342|(28,655)|249,155|
|Analysis|of Movements|in|Restricted|Funds|
|Restricted|Funds|
|Building|Fund|gasesOOROT|a|
|TOTAL FUNDS|a305,368|49,342|(28,655)|326,055|
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Life Centre Livingston, SCIO Notes to the Accounts
for the year ended 31 October 2024
6 Analysis of Charitable Funds (continued)
Purpose of Funds
The restricted fund is a provision set aside for a permanent/iong term building for the church.
General Funds represents the income and expenditure of Life Centre Livingston.
7 Trustees and Management Committee Remuneration and Related Party Transactions
No Trustee or member of the Management Committee or any other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
During the year one trustee received payments in respect of remuneration totalling £13,365 (2023 - £10,864).
No expenditure was re-imbursed to any trustee during the financial year.
8 Cash and Bank Balances
| 8 | Cash and Bank Balances | ||
|---|---|---|---|
| : 2024 |
2023 | ||
| £ | £ | ||
| Bank - Treasurers Account (1) | 822 | 822 | |
| Bank - Treasurers Account (2) | 70,692 | 31,365 | |
| Bank - No NoticeAccount/Church and Charity FlexibleReserveAccount Bank - 120 Day Notice Account |
104,344 50,000 |
152,967 = |
|
| 225,858 | 185,154 | ||
| 9 | Staff Costs | ||
| Staff costs were as follows | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Salaries and Social Security Costs | 13,365 | 10,864 | |
| 13,365 ee |
10,864 ee |
||
| No employees received emoluments of more than £60,000. | |||
| The average monthly number ofemployees during the yearwas: | |||
| 2024 | 2023 | ||
| number | number | ||
| Youth PastorSalary | 1 | — | |
| 10 | Analysis ofCharitable Expenditure | ||
| The church undertakes its charitable activitiesthrough engaging with its parishioners | and the local community to | ||
| co-ordinate projects and programmes which benefit the local community and furthers | its own aims. In addition, | ||
| the charity provides financial and non-financial support to organisations whose vision | aligns with the church. | ||
| The main activities of the charity are detailed below: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Projects and Programmes | 13,729 | 13,559 | |
| Missionary Support | 1,294 | 4,025 | |
| Support Costs (see note 11) | 13,754 | 11,071 | |
| 28,777 | 28,655 |
10 Analysis of Charitable Expenditure
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Life Centre Livingston, SCIO Notes to the Accounts for the year ended 31 October 2024
11 Analysis of Support and Governance Costs
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The church initially identifies the costs of the support function. It then identifies which costs relate to the governance
function. Having identified its governance costs, the remaining support costs together with the governance costs are
apportioned between the key charitable functions undertaken in the year. Refer to the table below for the basis of
apportionment and the analysis of support and governance costs
General Governance Totalfor Totalfor
Support Function 2024 2023
£ £ £ £ Basis of Apportionment
Staff Costs 6,682 - 6,682 5,432 Staff Time
Premises Costs 4,260 - 4,260 3,357 Usage
General Office and Communic's 1,532 - 1,532 1,263 Actual
Depreciation 511 - 511 479 Usage
Independent Examiner Fees - 570 570 540 Governance
Adverts 199 - 199 - Actual
ee13,184 570 13,754 11,071
12 Tangible; fixed assets Ee
Land Furniture
and and
Buildings Equipment Total
£ £ £
Cost
As at 1 November 2023 141,231 1,521 142,752
Additions - 320 320
As at 31 October 2024 141,231 1,841 143,072
ee —_—— ——
Depreciation
As at 1 November 2023 1,309 542 1.851
Charge for Year 654 368 1,022
As at 31 October 2024 1,963 910 2.873
Net Book Value
As at 31 October 2024 139,268 ___931 140.199
As at 31 October 2023 139,922 979 140,901
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Land and Buildings include costs relating to Life Centre Livingston. Included within Life Centre Livingston costs are the cost of the land, professional fees, plannning application and building warrant. Life Centre Livingston is still in the process of raising funds.
Also included within Land and Buildings are the costs of upgrading the church at Stoneyburn.
No depreciation has been provided for on the land and buildings costs at Livingston as some of the building costs represents assets under construction at the balance sheet date as well as the cost of land.
The costs associated with upgrading the church at Stoneybum have been depreciated at 2% straight line method. The costs of upgrading the church at Stoneyburn, transferred from Livingston Assembly of God amounted to £32,709.
The depreciation rate for furniture and equipment is 20% straight line method. No furniture or equipment has been acquired during the year.
13 Transfer of Net Assets
The net assets of Livingston Assembly of God were transferred to Life Centre Livingston (SCIO) on 1 November 2021. No market values were used in the transfer of net assets. No assets were transferred at less than cost as none of the assets were impaired at the balance sheet date.
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Life Centre Livingston, SCIO Notes to the Accounts
for the year ended 31 October 2024
14 Analysis of Net Assets between Funds
| General | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Fund balances at 31 October 2024 | |||
| as represented by: | |||
| Tangible Fixed Assets CurrentAssets |
140,199 148,958 |
- 76,900 |
140,199 225,858 |
| 289,157 ee |
76,900 = |
366,057 =—— |
The Analysis of Net Assets for the comparative period, the year ended 31 October 2022 is as follows
| General | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Fund balances at 31 October 2023 | |||
| as represented by: | |||
| Tangible Fixed Assets CurrentAssets |
140,901 108,254 |
- 76,900 |
140,901 185,154 |
| 249,155 ——_ |
76,900 —— |
326,055 a |
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