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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