Ichthus Newsletter Summer 2016 | Page 5

Summary of LWPHomes Accounts

For the year ending 31 August 2015
INCOME (£) 2015 2014
Donations
10,812
8,015
Grants
22,483
2,275
Legacy Income
122,921
-
Other Income
562
913
Investment Income
26,036
48,499
Residents Fees
2,509,927
2,462,729
Total Income 2,692,741 2,522,431 EXPENDITURE (£) 2015 2014
Costs of generating voluntary income 5,599
2,863
Investment management costs
5,365
6,749
Governance costs
77,658
65,044
Staff costs
1,761,497
1,620,420
Operational costs
193,810
182,366
Premises costs
121,431
128,001
Repair & maintenance
235,107
221,022
Management fees
70,000
70,000
Insurance
20,834
19,205
Registration fees
11,720
10,600
Miscellaneous costs
19,045
19,474
Grants paid to LWPT
7,130
233,373
Depreciation
63,120
61,074
Total Expenditure 2,592,316 2,640,191 Net Surplus /( Deficit ) for the Year 100,425 ( 117,760 )
Net ( loss )/ gains on investments
( 10,018 )
157,329
Movement in Pension Deficit
( 158,220 )
( 464,320 )
Total funds b / f 1,348,729 1,773,480 TOTAL FUNDS C / F 1,280,916 1,348,729
Trustees ’ Statement regarding the Summary Financial Information for The Leaders of Worship and Preachers Homes
The Summary Financial Information for The Leaders of Worship and Preachers Homes has been produced for the purpose of inclusion in the Ichthus magazine .
The information included in the Summary Financial Information has been extracted from the full financial statements of The Leaders of Worship and Preachers Homes in respect of the year ended 31 August 2015 .
The full financial statements of The Leaders of Worship and Preachers Homes in respect of the year ended 31 August 2015 were audited .
A copy of the full financial statements of The Leaders of Worship and Preachers Homes can be obtained from the registered office at Unit 14 Orbital Business Park , Dwight Road , Watford , Hertfordshire WD18 9DA .
Primrose Garrow , On behalf of the Trustees of The Leaders of Worship and Preachers Homes 13 February 2016
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