REGISTERED CHARITY NUMBER: 1052167
Trustees' Report and
Unaudited Financial Statements
for the Year Ended 31 March 2024
for Bridge Church Lincoln
Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Bridge Church Lincoln
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Trustees' Report | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Statement of Cash Flows | 7 |
| Notes to the Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 |
Bridge Church Lincoln
Trustees' Report for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 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
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
The objects of the church are for the benefit of the public:
(a) to advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit;
(b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the church council from time to time think fit; and
(c) to advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.
ACHIEVEMENT AND PERFORMANCE Charitable activities
This financial year saw continued growth in the partnerships and initiatives we engage with across the city.
In particular, our NHS partnership continued on an upward curve, with 5 full-time Community Connectors further establishing their work across numerous wellbeing spaces in the city and county. The end of the financial year saw year 1 of a 3-year contract result in profitable and sustainable ventures at Bridge as well as our partner organisations.
Our Youth work has continued to incorporate drop-in sessions at our building, as well as local Primary Schools work - in particular, our work at Bishop King has seen much collaboration with the school. The long-term plan is still to secure funding from a partner source to offer stability and longevity.
Our FiSH project continued to offer additional weeks of provision for families who needed help to feed their children during school holidays and continued to work together with other churches to ensure that local villages were also able to run the project.
Our Christmas Sack Project went back to one base of operation (as opposed to the pilot of the previous year). This was primarily for logistical reasons. In terms of partnerships, these were as strong as ever and the number of referrals were higher than the previous year. We were also able to give out 100 Christmas Dinners as part of a partnership with Pepperells solicitors.
Our Night Light Cafe continued to run on a Monday evening, with volunteers being trained in Mental Health First Aid and other suitable courses. On top of this, a pilot project (Twilight) was established, seeking to mirror the work of night light with young people and families. Bridge was chosen as the partner organisation to run this on Monday afternoon for 6 months.
Our staffing structures continue to evolve in order to meet the demands of our vision. More robust systems have been put in place to ensure staff wellbeing and accountability.
The charity has a large team of volunteers without whose commitment of time the charity could not operate. The value of the services donated by volunteers is not include in the statement of financial activities.
We continue to be grateful for God's provision as well as the commitment from our church members.
Page 1
Bridge Church Lincoln
Trustees' Report for the Year Ended 31 March 2024
FINANCIAL REVIEW Financial position
The financial statements comply with statutory requirements.
The statement of financial activities on page 5 shows a total net incoming resources of £71,882 (2023: £4,968). The church has continued to fund out of the general fund a variety of projects and activities, which are in line with its stated objectives. The level of activity for the year was satisfactory and the trustees believe that this will continue for the foreseeable future. The cumulative balance on the unrestricted general fund at the year-end was £356,528 (2023: £341,318).
The church is dependent upon the continued receipt of donated income and grants, there is also the opportunity to gain income through the rental of office space. At the year end the financial position of the church was satisfactory. The church receives a certain amount of voluntary help, it is not possible to quantify the value of the time given. We are extremely grateful to all our volunteers who help the church and its various activities to run smoothly.
Despite the fact that there are £356,528 of unrestricted reserves, the free reserves of the charity are £10,447 which are made up of the unrestricted net assets of the charity.
Reserves policy
The Trustees' aim is to hold around £70,000 in reserves representing approximately three months' worth of expenses and redundancy costs. This should allow the Trustees time to take the necessary corrective action to gain funding should current income sources dry out.
FUTURE PLANS
Future plans based on recent meetings are:
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1) Establishing a second service at a second site in the city (in progress)
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2) Resolving the situation regarding the CIO
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3) Growing the Trustee team both in number and skill set (in progress)
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4) Establishing a yearly vision offering to go towards future growth and expansion
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
Membership is open to any individual who; by grace has exhibited saving faith in Lord Jesus Christ; desires to worship and serve God in the context of the Statement; and is committed to promoting the Objects. Management of the Church is by the Church Council which will include the Senior Minister of the Church, the minimum number of members of the Church Council shall be three.
Induction and training of new trustees
The trustees will receive an induction, as a minimum requirement, the Commission's guidance on trusteeship and a copy of the governing documents.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees actively review the major risks which the charity face on a regular basis and believe that building reserves, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
The charity has completed risk assessments in support of fire safety, health and safety, food hygiene and infection controls. Where risks have been identified, action has been taken to minimise them and insurance cover has been taken out where considered prudent.
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Bridge Church Lincoln
Trustees' Report
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1052167
Principal address
Bridge Central Portland Street Lincoln Lincolnshire LN5 7NN
Trustees
Mr D R Wade Mr A Askew Mr S Carter Ms K Askew (resigned 1.11.23)
Independent Examiner
Paul Colcomb FCCA Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Bankers
HSBC Bank Plc 88 Westgate Grantham Lincolnshire NG31 6LF
TRUSTEES' RESPONSIBILITY STATEMENT
Trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Internal control and risk management
The Trustees continue to monitor the major risks to which the charity is exposed and to keep under review the adequacy of the systems which they believe are adequate and appropriate to the size of the charity and the nature of its operations
Approved by order of the board of trustees on 9 January 2025 and signed on its behalf by:
Mr D R Wade - Trustee
Page 3
Independent Examiner's Report to the Trustees of Bridge Church Lincoln
Independent examiner's report to the trustees of Bridge Church Lincoln
I report to the charity trustees on my examination of the accounts of Bridge Church Lincoln (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Paul Colcomb
Paul Colcomb (Jan 9, 2025 11:58 GMT)
Paul Colcomb FCCA
Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Date: 9 January 2025
Page 4
Bridge Church Lincoln
Statement of Financial Activities
for the Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 128,456 Other trading activities 3 116,771 Total 245,227 EXPENDITURE ON Charitable activities 4 Charitable activities 42,828 Support costs 187,189 Total 230,017 NET INCOME 15,210 RECONCILIATION OF FUNDS Total funds brought forward 341,318 TOTAL FUNDS CARRIED FORWARD 356,528 |
Restricted funds £ 608,853 - 608,853 466,199 85,982 552,181 56,672 54,129 110,801 |
2024 Total funds £ 737,309 116,771 854,080 509,027 273,171 782,198 71,882 395,447 467,329 |
2023 Total funds £ 372,830 122,938 495,768 299,186 191,614 490,800 4,968 390,479 395,447 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
Bridge Church Lincoln
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 9 | 588,204 | - | 588,204 | 593,585 | |
| CURRENT ASSETS | ||||||
| Debtors | 10 | 6,705 | - | 6,705 | 5,339 | |
| Cash at bank | 42,175 | 110,801 | 152,976 | 95,487 | ||
| 48,880 | 110,801 | 159,681 | 100,826 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 11 | (38,433) | - | (38,433) | (35,615) | |
| NET CURRENT ASSETS | 10,447 | 110,801 | 121,248 | 65,211 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 598,651 | 110,801 | 709,452 | 658,796 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one year | Amounts falling due after more than one year 12 |
(242,123) | - | (242,123) | (263,349) | |
| NET ASSETS | 356,528 | 110,801 | 467,329 | 395,447 | ||
| FUNDS | 14 | |||||
| Unrestricted funds | 356,528 | 341,318 | ||||
| Restricted funds | 110,801 | 54,129 | ||||
| TOTAL FUNDS | 467,329 | 395,447 |
The financial statements were approved by the Board of Trustees and authorised for issue on 9 January 2025 and were signed on its behalf by:
Mr D R Wade - Trustee
The notes form part of these financial statements
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Bridge Church Lincoln
| Statement of Cash Flows for the Year Ended 31 March 2024 2024 Notes £ Cash flows from operating activities Cash generated from operations 1 78,715 Net cash provided by operating activities 78,715 Cash flows from financing activities Loan repayments in year (21,226) Net cash used in financing activities (21,226) Change in cash and cash equivalents in the reporting period 57,489 Cash and cash equivalents at the beginning of the reporting period 95,487 Cash and cash equivalents at the end of the reporting period 152,976 |
2023 £ 9,276 9,276 (20,588) (20,588) (11,312) 106,799 95,487 |
|---|---|
The notes form part of these financial statements
Page 7
Bridge Church Lincoln
Notes to the Statement of Cash Flows for the Year Ended 31 March 2024
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Net income for the reporting period (as per the Statement of Financial | ||||
| Activities) | 71,882 | 4,968 | ||
| Adjustments for: | ||||
| Depreciation charges | 5,381 | 2,371 | ||
| (Increase)/decrease in debtors | (1,366) | 963 | ||
| Increase in creditors | 2,818 | 974 | ||
| Net cash provided by operations | 78,715 | 9,276 | ||
| 2. | ANALYSIS OF CHANGES IN NET DEBT | |||
| At 1.4.23 | Cash flow | At 31.3.24 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 95,487 | 57,489 | 152,976 | |
| 95,487 | 57,489 | 152,976 | ||
| Debt | ||||
| Debts falling due within 1 year | (30,344) | - | (30,344) | |
| Debts falling due after 1 year | (263,349) | 21,226 | (242,123) | |
| (293,693) | 21,226 | (272,467) | ||
| Total | (198,206) | 78,715 | (119,491) |
The notes form part of these financial statements
Page 8
Bridge Church Lincoln
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Recognition of Income
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources and
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the monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Contractual income and performance related grants
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Donated goods
The value to the charity of the donated goods sold is recognised as income when sold. The proceeds of sale are categorised as 'Community Venue & Hub' in the SoFA.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the Trustees annual report.
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.
Improvements to property - 10% on reducing balance Plant and machinery - 20% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from 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.
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Bridge Church Lincoln
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
2. DONATIONS AND LEGACIES
| 2024 £ Gift aid 26,807 Grants 560,817 Offerings 112,504 Donations 6,386 Youth & kids - FISH income 17,701 Christmas sacks 12,496 Other income 598 737,309 Grants received, included in the above, are as follows: 2024 £ Other grants 560,817 Unrestricted Restricted Grants ACTS Trust - 21,062 Assemblies of God - 500 Bishop Grosseteste University - 4,671 BNA - 42,000 Lincoln City Council 5,167 21,000 Lincolnshire Community Foundation - 1,599 Lincolnshire Warm Spaces - 4,000 National Grid - 5,951 NHS - 400,475 NHS Winter Pressures - 30,392 Shine - 25,000 Souter Charitable Trust - 2,000 Hubbub Foundation (Returned) - -3,000 Totals 5,167 555,650 3. OTHER TRADING ACTIVITIES 2024 £ Community venue and hub 34,851 Rent & hire of buildings 81,920 116,771 4. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 5) £ £ Charitable activities 509,027 - Support costs - 273,171 509,027 273,171 |
2023 £ 27,788 202,409 100,411 9,649 3,590 15,227 13,645 111 372,830 2023 £ 202,409 Total 21,062 500 4,671 42,000 26,167 1,599 4,000 5,951 400,475 30,392 25,000 2,000 -3,000 560,817 2023 £ 33,595 89,343 122,938 Totals £ 509,027 273,171 782,198 |
|---|---|
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Bridge Church Lincoln
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
5. SUPPORT COSTS
Support costs
Other £ 273,171
Included in accountancy is independent examination costs amounting to £1,800. The remaining costs are all for the charity's bookkeeping and statutory accounts.
Support costs, included in the above, are as follows:
| Ministry & gifts Repairs & maintenance Equipment & furniture Tech Office costs Rent - Dunston House Bridge youth & kids Subscriptions Training, conferences & travel Sundries Loan interest & bank charges Insurance Depreciation Accountancy Utilities & alarms Consumables |
2024 Support costs £ 7,601 81,976 3,303 2,706 5,191 60,000 680 8,378 11,010 1,160 10,471 5,238 5,381 7,955 51,687 10,434 273,171 |
2023 Total activities £ 11,111 12,238 7,799 5,677 2,462 60,000 5,007 8,529 13,786 407 11,247 4,512 2,371 3,095 37,818 5,555 191,614 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
One trustee, David Wade has received a salary of approximately £31k during the 12 months for his role as Church Minister employed by the charity. He is not directly remunerated for this role as a trustee of the charity.
No other trustees received remuneration.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
7. STAFF COSTS
| £ | £ | |
|---|---|---|
| 2024 | 2023 | |
| Wages and salaries | 274,992 | 168.106 |
| Social security costs | 17,864 | 11,241 |
| Other pension costs | 4,425 | 1,980 |
| Self employed services | 23,547 | 37,715 |
| Total | 320,828 | 219,042 |
The average monthly number of employees during the year was as follows:
| Employee's | 2024 8 |
2023 5 |
|---|---|---|
No employees received emoluments in excess of £60,000.
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Bridge Church Lincoln
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Charitable activities Charitable activities Support costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 April 2023 and 31 March 2024 564,765 17,132 DEPRECIATION At 1 April 2023 - 1,676 Charge for year - 2,450 At 31 March 2024 - 4,126 NET BOOK VALUE At 31 March 2024 564,765 13,006 At 31 March 2023 564,765 15,456 |
Unrestricted fund £ 314,203 122,938 437,141 71,420 129,648 201,068 236,073 105,245 341,318 Plant and machinery £ 13,765 519 2,813 3,332 10,433 13,246 |
Restricted funds £ 58,627 - 58,627 227,766 61,966 289,732 (231,105) 285,234 54,129 Computer equipment £ 294 176 118 294 - 118 |
Total funds £ 372,830 122,938 495,768 299,186 191,614 490,800 4,968 390,479 395,447 Totals £ 595,956 2,371 5,381 7,752 588,204 593,585 |
|---|---|---|---|
The registered owners of the freehold property are Malcolm Davies, Arthur John Fee & Kenneth Aubrey Morgan (ex trustees), who by virtue of owning the property are custodians of the charity. The charity actually has ownership of the church but the title deeds need to be updated and will be in due course.
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Bridge Church Lincoln
| Notes to the Financial Statements- continued for the Year Ended 31 March 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Other creditors 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 13) 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling due between two and five years: Bank loans - 2-5 years 14. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 341,318 Restricted funds Baby baskets 6,097 Christmas sack appeal 7,687 Community 4,927 Food in school holidays 5,786 Kitchen & Cafe 3,000 NHS Lincolnshire 303 Transform Lincoln 2,171 Vision offering 11,606 Warm Welcome - Wellbeing fund 8,301 Youth and Kids fund 4,251 54,129 TOTAL FUNDS 395,447 |
||
|---|---|---|
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Bridge Church Lincoln
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Baby baskets Christmas sack appeal Community Food in school holidays Kitchen & Cafe NHS Lincolnshire Transform Lincoln Vision offering Warm Welcome Wellbeing fund Youth and Kids fund TOTAL FUNDS |
Incoming resources £ 245,227 5,894 12,496 75,122 17,701 - 400,475 443 14,000 35,990 29,670 17,062 608,853 854,080 |
Resources Movement expended in funds £ £ (230,017) 15,210 (7,130) (1,236) (17,956) (5,460) (70,295) 4,827 (18,014) (313) (3,000) (3,000) (344,263) 56,212 (2,216) (1,773) (7,732) 6,268 (35,201) 789 (30,233) (563) (16,141) 921 (552,181) 56,672 (782,198) 71,882 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds General Fund TOTAL FUNDS |
At 1.4.22 £ 105,245 285,234 390,479 |
Net movement in funds £ 236,073 (231,105) 4,968 |
At 31.3.23 £ 341,318 54,129 395,447 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General Fund TOTAL FUNDS |
Incoming resources £ 437,141 58,627 495,768 |
Resources Movement expended in funds £ £ (201,068) 236,073 (289,732) (231,105) (490,800) 4,968 |
|---|---|---|
Details of the specific funds are outlined below
Baby Baskets - This fund is for the running costs of Baby's Basket which exists to provide Lincolnshire parents who are struggling financially with a Moses' basket of baby items to help them in the first few weeks of parenthood.
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Bridge Church Lincoln
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
Christmas Sack Appeal - This fund is for the running costs of the Christmas Sack Project which helps individuals and families in the Lincoln area with Christmas Gifts where they would struggle to purchase them themselves.
Community - This fund is for various externally funded projects that fall into the category of serving the local community.
NHS - This is a specific NHS funded contract relating to the provision of mental health wellbeing spaces in Lincoln City and the surrounding villages
Warm Welcome - this fund relates to the provision of warm packs for families in need during the winter months
Food In School Holidays - This fund is for the running costs of the FiSH project which provides food vouchers for families who are at risk of food poverty during the summer holidays in Lincoln.
Transform Lincoln - This fund is for the running costs of Transform Lincoln which exists to mobilise and equip all Christians within local churches, organisations, workplaces, and communities, enabling them to collaborate and leverage their resources for greater influence.
Wellbeing Fund - This fund provides salaries for 2 employees to run wellbeing spaces within the organisation
Youth & Kids Fund - This fund is for the running of Twilight Café, commissioned by the NHS through Acts Trust which is a mental wellbeing café for young people and their families. It also includes the funding received for our community work with young people - providing a youth drop in space once a week.
Vision offering - was a targeted offering for some renovations to one of our buildings in preparation for Sunday services resuming in that location - as such, anything given was ringfenced for this specific purpose.
Transfers between funds - this represents items where income and or expenses have been included within one fund but represent various fund types and the transfers ensure the correct fund position at the year end date.
15. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. Contributions payable to the charities pension scheme are charged to profit or loss in the period to which they relate.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Bridge Church Lincoln
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Gift aid Grants Offerings Donations Youth & kids FISH income Christmas sacks Other income Other trading activities Community venue and hub Rent & hire of buildings Total incoming resources EXPENDITURE Charitable activities Wages Project costs Support costs Other Ministry & gifts Repairs & maintenance Equipment & furniture Tech Office costs Rent - Dunston House Bridge youth & kids Subscriptions Training, conferences & travel Sundries Loan interest & bank charges Insurance Depreciation Accountancy Utilities & alarms Consumables Total resources expended Net income |
2024 £ 26,807 560,817 112,504 6,386 - 17,701 12,496 598 737,309 34,851 81,920 116,771 854,080 320,828 188,199 509,027 7,601 81,976 3,303 2,706 5,191 60,000 680 8,378 11,010 1,160 10,471 5,238 5,381 7,955 51,687 10,434 273,171 782,198 71,882 |
2023 £ 27,788 202,409 100,411 9,649 3,590 15,227 13,645 111 372,830 33,595 89,343 122,938 495,768 219,042 80,144 299,186 11,111 12,238 7,799 5,677 2,462 60,000 5,007 8,529 13,786 407 11,247 4,512 2,371 3,095 37,818 5,555 191,614 490,800 4,968 |
|---|---|---|
This page does not form part of the statutory financial statements
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