Livingstones Christian Centre Limited - Charities report

REGISTERED COMPANY NUMBER: 04202300 (England and Wales)

REGISTERED CHARITY NUMBER: 1112325

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Livingstones Christian Centre Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charities objects are:

a) The advancement of the Christian faith by the provision of a resource of material and support;

b) to be a resource for individuals and churches in the area by:

i. The sale of such books, CD's, cassettes, gifts and other products which comply with above;

ii. Supplying material that will assist with Christian education;

iii. Serving the community by providing a place of care and support

Public benefit

The trustees have had due regard to the guidance on public benefit published by the Charity Commission.

ACHIEVEMENTS AND PERFORMANCE

The Charity provides Christian resources, gifts, artwork, crafts and cards to encourage and provide Christian edification to the community in and around Fleet. The charity uses its premises to host community activities that support and provide care for those in the community of Fleet and Church Crookham.

At the beginning of 2024, after consulting with the charity members, the directors decided to close the bookshop in April 2024, and to seek an alternative use of the ground floor of the charity's building that would remain consistent with the objects of the charity. This consultation period continues and several ideas have been received for the ongoing use of the ground floor. It is expected that in 2025 the directors will make a proposal to the members of the charity for a new use of the ground floor that will allow the centre to be open during normal working hours, while maintaining a community benefit consistent with its charitable objects.

Several Church and community groups have continued to make use of our rooms and facilities throughout 2024, although this use has reduced because of the closure of the Bookshop.

We continued to support activities carried out for the wider benefit of the community. We re-opened to support the local town Christmas Festival, and for limited Christmas opening. We also made the centre available to local artists for various week-long art initiatives, while waiting for a more permanent re-purposing of the ground floor of the centre.

We continue to provide regular support for FACCTS (Fleet and Crookham Churches Together in Schools - Charity Number 1094885), providing meeting spaces, resources and funds as part of our charitable object of "supplying material that will assist with Christian Education".

FINANCIAL REVIEW

The results for the year are as set out in the annexed Statement of Financial Activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The affairs of the company have been directed by a board of directors, which meets regularly for this purpose. The directors then delegate the day-to-day management to shop workers.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04202300 (England and Wales)

Registered Charity number

1112325

Registered office

277 Fleet Road

Fleet

Hampshire

GU51 3BT

Trustees

N C Stevenson

M Mabin

T Budd

T S Bateman

E C Mabin

Company Secretary

N C Stevenson

Independent Examiner

A J Bennewith FCA, FCPA, FFA, FFTA, DChA, FRSA

Bennewith 2018 Limited

t/a A J Bennewith & Co

Upper Ground Floor

18 Farnham Road

Guildford

Surrey

GU1 4XA

Approved by order of the board of trustees on 11 September 2025 and signed on its behalf by:

N C Stevenson - Trustee

Independent examiner's report to the trustees of Livingstones Christian Centre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA, DChA, FRSA

Bennewith 2018 Limited

Upper Ground Floor

18 Farnham Road

Guildford

GU1 4XA

Date: .............................................

31.12.24

31.12.23

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

Notes

£

INCOME AND ENDOWMENTS

FROM

Donations and legacies

6,362

-

6,362

13,072

Other trading activities

2

4,670

-

4,670

20,807

Investment income

3

592

-

592

166

Total

11,624

-

11,624

34,045

EXPENDITURE ON

Charitable activities

4

Direct charitable expenditure

26,516

3,478

-

29,994

32,447

NET INCOME/(EXPENDITURE)

(14,892

)

(3,478

)

-

(18,370

)

1,598

RECONCILIATION OF FUNDS

Total funds brought forward

286,628

145,891

1,728

434,247

432,649

TOTAL FUNDS CARRIED
FORWARD

271,736

142,413

1,728

415,877

434,247

31.12.24

31.12.23

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

Notes

£

FIXED ASSETS

Tangible assets

8

240,074

142,413

-

382,487

389,805

CURRENT ASSETS

Stocks

9

2,423

-

2,423

10,371

Debtors

10

305

-

305

1,344

Prepayments and accrued
income

-

20

Cash at bank and in hand

31,056

-

1,728

32,784

35,699

33,784

-

1,728

35,512

47,434

CREDITORS

Amounts falling due within one
year

11

(2,122

)

-

(2,122

)

(2,992

)

NET CURRENT ASSETS

31,662

-

1,728

33,390

44,442

TOTAL ASSETS LESS CURRENT
LIABILITIES

271,736

142,413

1,728

415,877

434,247

NET ASSETS

271,736

142,413

1,728

415,877

434,247

FUNDS

12

Unrestricted funds:

General Fund

271,736

286,628

Revaluation Reserve

142,413

145,891

414,149

432,519

Restricted funds

1,728

TOTAL FUNDS

415,877

434,247

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 September 2025 and were signed on its behalf by:

N C Stevenson - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Kitchen Equipment

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Depreciation of an asset begins when it is brought into use. The land element of freehold property is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

Shop income

4,590

20,479

Art commission

80

328

4,670

20,807

3.	INVESTMENT INCOME

31.12.24

31.12.23

£

Deposit account interest

592

166

4.	CHARITABLE ACTIVITIES COSTS

31.12.24

31.12.23

£

Direct charitable expenditure

29,993

32,447

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24

31.12.23

£

Depreciation - owned assets

7,663

7,537

Independent Examiner's fee for accountancy services

960

Independent Examiner's fee for examination

600

Amount of shop stock recognised as an expense

9,728

10,489

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

13,072

-

13,072

Other trading activities

20,807

-

20,807

Investment income

166

-

166

Total

34,045

-

34,045

EXPENDITURE ON

Charitable activities

Direct charitable expenditure

28,974

3,473

-

32,447

NET INCOME/(EXPENDITURE)

5,071

(3,473

)

-

1,598

RECONCILIATION OF FUNDS

Total funds brought forward

281,557

149,364

1,728

432,649

TOTAL FUNDS CARRIED FORWARD

286,628

145,891

1,728

434,247

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

property

equipment

fittings

£

COST

At 1 January 2024

442,957

1,302

4,463

Additions

-

345

-

At 31 December 2024

442,957

1,647

4,463

DEPRECIATION

At 1 January 2024

53,754

1,266

3,897

Charge for year

7,359

191

113

At 31 December 2024

61,113

1,457

4,010

NET BOOK VALUE

At 31 December 2024

381,844

190

453

At 31 December 2023

389,203

36

566

Kitchen

Computer

Equipment

equipment

Totals

£

COST

At 1 January 2024

820

705

450,247

Additions

-

345

At 31 December 2024

820

705

450,592

DEPRECIATION

At 1 January 2024

820

705

60,442

Charge for year

-

7,663

At 31 December 2024

820

705

68,105

NET BOOK VALUE

At 31 December 2024

-

382,487

At 31 December 2023

-

389,805

The freehold property was revalued in 2016 based on an independent valuation by Hurst Warne Chartered Surveyors.

The net book value for freehold land and buildings which would have been recognised at 31 December 2024 if the property had been carried at historical cost is £239,430 (2023: £243,316).

9.

STOCKS

31.12.24

31.12.23

£

Finished goods

2,423

10,371

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

-

574

Other debtors

305

770

305

1,344

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

210

754

Other creditors

89

181

Accrued expenses

1,823

2,057

2,122

2,992

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

Unrestricted funds

General Fund

286,628

(14,892

)

271,736

Revaluation Reserve

145,891

(3,478

)

142,413

432,519

(18,370

)

414,149

Restricted funds

Reserve Fund

1,728

-

1,728

TOTAL FUNDS

434,247

(18,370

)

415,877

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General Fund

11,624

(26,516

)

(14,892

)

Revaluation Reserve

-

(3,478

)

(3,478

)

11,624

(29,994

)

(18,370

)

TOTAL FUNDS

11,624

(29,994

)

(18,370

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

Unrestricted funds

General Fund

281,557

5,071

286,628

Revaluation Reserve

149,364

(3,473

)

145,891

430,921

1,598

432,519

Restricted funds

Reserve Fund

1,728

-

1,728

TOTAL FUNDS

432,649

1,598

434,247

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General Fund

34,045

(28,974

)

5,071

Revaluation Reserve

-

(3,473

)

(3,473

)

34,045

(32,447

)

1,598

TOTAL FUNDS

34,045

(32,447

)

1,598

General Funds

These funds are available for the general purposes of the charity.

Revaluation Reserve

The Revaluation Reserve arose on the revaluation of the charity's freehold property in 2016. The property had previously been stated at cost, and the increase in its value upon revaluation is shown in the Revaluation Reserve.

Reserve Fund

The Reserve Fund was set up to cover any unforeseen costs which may occur.

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.