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 2025

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 2025. 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

ACHIEVEMENT AND PERFORMANCE - 2025

Historically, the Charity served the community in and around Fleet by providing Christian resources, artwork, crafts, gifts and cards designed to offer encouragement and spiritual edification.

Following a fall in revenue, and after consultation with charity members at the start of 2024, the directors took the decision to close the bookshop in April 2024. By mid-2025 the trustees had resolved to transform the former bookshop into a coffee shop and to convert the upper floor into a one-bedroom apartment.

The Coffee Shop project is the centrepiece of a wider plan to bring the whole of the LivingStones Christian Centre back into active use for the benefit of the community. Occupying the ground floor at street level, the coffee shop serves as the front door to the building: an inviting, warm and professionally run space, open to all, from which visitors are naturally drawn into the activities taking place in the meeting rooms, café and ancillary spaces elsewhere in the premises. Rather than operating as a standalone venture, it anchors and sustains everything around it - providing footfall, a point of welcome, and a reason for people to come through the door in the first place.

The intention is that the various spaces throughout the Centre will host a complementary range of community activities: groups meeting during the day, room hire for local organisations, and a base from which a number of Christian ministries can serve Fleet and the surrounding region. The coffee shop ties these together, giving the building a single, coherent public face and allowing each activity to draw on the others. Built on Christian values, the initiative seeks to create a place where everyone, regardless of background or belief, can gather, find support, and experience genuine Christian hospitality.

Fundraising efforts in 2025 were focused on the Christian community within the Hart district, of which Fleet is a key part. Since then, activities have been devoted entirely to the building's redevelopment, which is anticipated to be largely complete during 2026.

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 (resigned 11.9.25)

E C Mabin

A C Le Roux (appointed 11.9.25)

M Berry (appointed 11.9.25)

E M Ramsden (appointed 11.9.25) (resigned 6.8.26)

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 18 September 2026 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 2025.

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

18 September 2026

31.12.25

31.12.24

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

Notes

£

INCOME AND ENDOWMENTS

FROM

Donations and legacies

20,177

-

206,452

226,629

6,362

Other trading activities

2

676

-

676

4,670

Investment income

3

494

-

494

592

Total

21,347

-

206,452

227,799

11,624

EXPENDITURE ON

Charitable activities

4

Direct charitable expenditure

19,820

3,473

4,980

28,273

29,994

NET INCOME/(EXPENDITURE)

1,527

(3,473

)

201,472

199,526

(18,370

)

Transfers between funds

12

72,312

-

(72,312

)

-

Net movement in funds

73,839

(3,473

)

129,160

199,526

(18,370

)

RECONCILIATION OF FUNDS

Total funds brought forward

271,736

142,413

1,728

415,877

434,247

TOTAL FUNDS CARRIED
FORWARD

345,575

138,940

130,888

615,403

415,877

31.12.25

31.12.24

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

Notes

£

FIXED ASSETS

Tangible assets

8

307,857

138,940

-

446,797

382,487

CURRENT ASSETS

Stocks

9

-

2,423

Debtors

10

31,957

-

31,957

305

Cash at bank and in hand

7,585

-

130,888

138,473

32,784

39,542

-

130,888

170,430

35,512

CREDITORS

Amounts falling due within one
year

11

(1,824

)

-

(1,824

)

(2,122

)

NET CURRENT ASSETS

37,718

-

130,888

168,606

33,390

TOTAL ASSETS LESS CURRENT
LIABILITIES

345,575

138,940

130,888

615,403

415,877

NET ASSETS

345,575

138,940

130,888

615,403

415,877

FUNDS

12

Unrestricted funds:

General Fund

345,575

271,736

Revaluation Reserve

138,940

142,413

484,515

414,149

Restricted funds

130,888

1,728

TOTAL FUNDS

615,403

415,877

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 18 September 2026 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

31.12.25

31.12.24

£

Shop income

676

4,590

Art commission

-

80

676

4,670

3.	INVESTMENT INCOME

31.12.25

31.12.24

£

Deposit account interest

494

592

4.	CHARITABLE ACTIVITIES COSTS

31.12.25

31.12.24

£

Direct charitable expenditure

28,273

27,929

5.	NET INCOME/(EXPENDITURE)

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

31.12.25

31.12.24

£

Depreciation - owned assets

7,359

7,663

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

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Revaluation

Restricted

Total

fund

Reserve

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

6,362

-

6,362

Other trading activities

4,670

-

4,670

Investment income

592

-

592

Total

11,624

-

11,624

EXPENDITURE ON

Charitable activities

Direct charitable expenditure

26,516

3,478

-

29,994

NET INCOME/(EXPENDITURE)

(14,892

)

(3,478

)

-

(18,370

)

RECONCILIATION OF FUNDS

Total funds brought forward

286,628

145,891

1,728

434,247

TOTAL FUNDS CARRIED FORWARD

271,736

142,413

1,728

415,877

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

property

equipment

fittings

£

COST

At 1 January 2025

442,957

1,647

4,463

Additions

72,312

-

Disposals

-

(1,647

)

(4,463

)

At 31 December 2025

515,269

-

DEPRECIATION

At 1 January 2025

61,113

1,457

4,010

Charge for year

7,359

-

Eliminated on disposal

-

(1,457

)

(4,010

)

At 31 December 2025

68,472

-

NET BOOK VALUE

At 31 December 2025

446,797

-

At 31 December 2024

381,844

190

453

Kitchen

Computer

Equipment

equipment

Totals

£

COST

At 1 January 2025

820

705

450,592

Additions

-

72,312

Disposals

(820

)

(705

)

(7,635

)

At 31 December 2025

-

515,269

DEPRECIATION

At 1 January 2025

820

705

68,105

Charge for year

-

7,359

Eliminated on disposal

(820

)

(705

)

(6,992

)

At 31 December 2025

-

68,472

NET BOOK VALUE

At 31 December 2025

-

446,797

At 31 December 2024

-

382,487

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 2025 if the property had been carried at historical cost is £235,545 (2024: £239,430).

9.

STOCKS

31.12.25

31.12.24

£

Finished goods

-

2,423

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Other debtors

17,495

305

VAT

14,462

-

31,957

305

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

10

210

Other creditors

-

89

Accrued expenses

1,814

1,823

1,824

2,122

12.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.25

in funds

funds

31.12.25

£

Unrestricted funds

General Fund

271,736

1,527

72,312

345,575

Revaluation Reserve

142,413

(3,473

)

-

138,940

414,149

(1,946

)

72,312

484,515

Restricted funds

Development Fund

-

201,472

(72,312

)

129,160

Reserve Fund

1,728

-

1,728

201,472

(72,312

)

130,888

TOTAL FUNDS

415,877

199,526

-

615,403

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General Fund

21,347

(19,820

)

1,527

Revaluation Reserve

-

(3,473

)

(3,473

)

21,347

(23,293

)

(1,946

)

Restricted funds

Development Fund

206,452

(4,980

)

201,472

TOTAL FUNDS

227,799

(28,273

)

199,526

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

Unrestricted funds

432,519

(18,370

)

414,149

Restricted funds

Reserve Fund

1,728

-

1,728

TOTAL FUNDS

434,247

(18,370

)

415,877

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

11,624

(29,994

)

(18,370

)

TOTAL FUNDS

11,624

(29,994

)

(18,370

)

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.

Transfers between funds

A transfer of £72,313 has been made from the restricted Development Fund to the unrestricted General Fund this year.

This transfer represents capital expenditure. This is in accordance with the provisions of the Charities SORP, which permits the transfer of tangible fixed assets from restricted to unrestricted funds when the asset has been purchased from a restricted fund donation but is held for a general and not a restricted purpose.

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.