REGISTEREDCHARITY NUMBEK.1052168 RT AND IAUQITEllBNANQWLLAIWENTSFO smethurst&co CHARTERED ACCOUNTANTS-
GENERATIONSCHVRCH LOLrrH NTENTS FTME ANANCIALSTATEMEN FOR THE YEAR ENDED31 DECfM8ER 2025 R•portrfth•TN•t• 10 8tat•m•ntol Hfianclal A6tlvltl•* 8alano•Sh••t 12 Notutoth• FINncl•l Stst•m•ni• 13 to 21 D•tsll•dSt•t•m•ntol Hnm¢l•lP4tfvItI•• 22 to 23
GENERATIONSCHURCH LOUTH REPORTOFTHETRUSTEES -WTHEYEAR ENDED 51 DECE_MBER 202S The trust8es present their rew)rt WTth the linancial statemerrts of the charity for the year ended 61 December 2025. The tru5ts have adopted the prowsions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparirkg their accounts in accordance with the Financial R8porknng Standard applicablein the UKand Republic of Ireland IFRS1021 (effective i aanuary 20191. 08JECTIVESANDACTIVITIES OblKtlvas and alms To advance the Christian Faith in accordance wth the statement in such ways and in such parts of the Unlted Klngdom or the world as the Church Cixjncil from time to time may think ftt," to relieve sickness and financial hardship and to promotè and preserve good health by the provision of funds, 9oods or service5 of any kind Including the provision of counselling support in such parts of the United Kingdom or the world as the Church Council from time to time may think fit." to advance edu¢tion in such ways and in such parts ofthe Unlted Kingdom orthe world as the Church Counc31 from timetotime may think lit. ACHIEVEMENTSAND PERFORMANCE Chalr report For Generations Church, 2025 was again another fantastic year of expansion and evangelism. Ovef 100 worshippers consistently attend our Sunday morning services. and an increasing number of indiwdual8, well-represented across all age categories. supFortand enjoy our midweek events. Our exciting youth programs continve to be highly Tegarded. These actiwties successfully prowde a wonderful combination of worship, fun. and companionship between our younger members of the congregation and youth who do not attend church. The yearly Bounce Fun Days and Neon Activity Days were, as usual, the highlight5 of the church youth calendar. Anyone in the neighbourhood can attend church events in line with our beliets thanks to these fantastic events. spend time together as a farnily. have fun and lèarn while seeing the v4armth and love of a falth-nlled event. All our initiatives continue to be very athve. The Uniform Bank Oaunched in 20161 wntinue8 to dlstrfbute eomplimentary school uniforms. The local community has continued to help out by donating gently worn school uniforms, with new items of uniform belng prowded when financlal donations are received from generous individuals who are inspired to help when they hear how the uniform bank helps families who are not in a position to buy new uniforms themselves. Help is needed all year long. not only at the Lwinning of the school ygar. as we continLJe to help close to 3¢JO families with school uniforrns. Families moviro to nearby temporary housing are now connected to local schoolsand referred tothe unifom) bank. Generations Louth conducts a Friendship café every third Wednesday moming of the month, which is extremely popular among people in their 60s. It's a great opportunity to meet new people and spend tim8 with extsting ones. Addltlonally. the Friendship Café offers assistance and dlre¢tion forany problernsthat rnay aTlSe. 'Crowned' brings together women from both campuses to study and learn together on the first Thursday of the month. In order to give everyone the best chance of attending and receiwng the instruction and camaraderie they enjoy. theseevents are now held at twodiffeient timesthroughout the day dueto the high attendance. Page I
GENERAnoNSCHURCH LOLITH REPORTOF THETrUSTEES FOR THE YEAR ENDED I DECEMBER 2025 AGHIEVEMENTSAND PERFORMANCE Chalfs report(conL) As usual our teaching was flrst class throughout 2025. Various thernes were Introduced throughout the year, including 'ln Transit. where we looked at how Go¢J was bringing us to a new place as a church and a5 individuals. Through the Summer Pastor Jo looked at thè lètters of St Paul in a series ¢alled 'Dear Generations,. She taught how the letters written $0 long ago were 5ti11 pertinent to us as a church In the modern worl¢J Our great friend John Petiffor visited twice and brought some outstanding teaching for the whole church which was very well received. We also had a fantastic s8fvTC8 and preaching Wlth Misheck Manhana. His inspiration. preaching and evangeli5rn was very encouraging. and wearelookirKJ forward to hosting him again. hopefu15y in 2026. Finally, on behalf of the trust, I would like to expr my gratitude to the growing number of volunteers who always give their utmost to make sure that our church PTograms run well. We are immensely appreciative of èll of you., without you, Generations Chvrch, Louth would not function ès effectively. Page 2
GENERA SCHUR OUTH REPORTOFTHETRUSTEES E YEAR ENDED 51 DECEMBER 2 ACHIEVEMENTSAND PERFORMANCE Puryx>•gBand a¢tl¥ltlo• Generations Church exists to.. Bulkl thgehurch Generat1ons Church is IntentlonaT about building the local church, It hag been salcl that the Tocal church Is the hope of the world. Thls klnd of church doesn't just happen. bLIt when people t)ecome intentional about it, there are no Ilmits to what ean be achtèvèd. As a church. we come together and meet to passionately worship God Corporately, b¢liwn9 that He will give u$ dlre¢tlon •$ It)dlvlduals as well as a church. There wlll be opportunlty to grow tO9ether through our dlsclplèshlp and mentorshlp programmes. being a church where we do all w& can to help one ènother. We want to grow church where we work together Fn Croating J welcoming atmosphere. encouraglng everyone to c¢me and flnd Ilfel Equlptho p•op Hgre at Generations Chureh wg b8lleve In the Blble and wa balla In tèachlng It$ truth In a relevant way. GorJ'8 word has prfnclples for us to Ilve by artd apply on a dally basls Our teachlng comes through example, Insplratlon and life steries that have the powei to Impact wople where they are at. We alm to offer a relaxed environment, glvlng room forlnteractlon and dlscusslon. Weare a famlly, and need to learn how to interact as a family should. Ru¢hth•oomhNnlty We believe we Ilve in a greJt town and communlty and 4$ a church. our heart Is to serve that communlty In any way we con. Our programmes a created wlth service In mlnd and we take k)eople lust as they are, b8llevln9 God wlll do the rest. We count It an honour and prtvllege to serye our town. We love whwa God has plaeod us and belleve we are here to make a dltterence In thè days In whlch we Ilve. the Church has to become a practical resource lor th communlty In whlch It stand& Our alm Is always to seea negd and do all we ¢anto help In mwtfin9 that need. EnN)ow•rth•lkrtur• Generations Church has a great futurel We passionately believe this. The decisions we make today will tak8 us Into the futuro God has for us, each In¢Jlvldual has a vnlque purpose and it is oui deslre to help eèch person tap into that plan and live it. In e¥erything we do we want to provide for our future. Whether that Is with our building plans or In our dlsclpleshlp and communlty programmes. We want to gqulp future generatlons to earry on what wè arè currèntly doing, and achi1n9 morethan we arecurrently seeing. Bulldlnq progr• 2025 was not a major ytrar for building renovation as In the past couple of r$, there was quite a lot donè on thè decor downstairs. A group of volunteers In the summer came In and decorated the lounge and also, we had a day just dp cleaning and sorting which made it easier to store things and space was crèated. Also, the windows at the rear of the buildlng were sorted arKI painted during the ljetter weather, making the building ready for the winter months. 2025ota glan¢• Page 3
GENERAMON H LOUTH REPORTOFTHETRUSTEES FOR THEYEAR ENDE031 DECEMBER202 ACHIEveMENTSAND PERFORMANCE 2025 wa5 a big year for Generat?ons chvrch and an the planning of the prwous two years was about to become reality. We had planned to progress ourleadership to take on the vlsion forthefuturethat we have. In March 2025 we handed our youth ministry onto Billy Walker after Liz Hilton had led it brilliantly for 18 years. Sfie has done a fantastic job for so long and Billy has a youth ministry that is strong and robust passed down to him. We inted Stuart Elman who is AOG'S youth al?¥e director to come and speak as well as pray over Bllly with us. Thè day was fantastic and there was a real sense of excitement and mornentum as we did this. Our youth were out in force and have supported 8illy as he ha5 taken the reins. His first 9 months went really wèll, and we have se8n our young people grow and make Generations even mofe their home serving and attending many of thè programmes we put on for all ages. In June probably the biggest shift for a long time took place as Jo Read handed the Louth cèmpu5 to Llz Hllton. Llz gaInj her credentlèls from AOG in May. and we inducted her as the campus leader Tn June. Ps John and Pauline Petiffor were with (Js for this day. John has been a big part of major shifts in our church for 30 years and this was no exception. The whole rnorning was incredible as the tjaton was passed on. The morning started with Ps Jo leading and ended with Ps Li2 taking the lead. The church have embraced the leadership transitlon$ really well and are backing Liz as she leads them forward. There is è nèw sense of faith and expectanw for the futu as these changes have happened. The final change took place in September as "ène Cartwright passed the children's prograrnrne onto Jack Read and Alice Read. Ps Hannah Williamson was With us for the weekend as we did this. she runs Young Lions lor AOG which is a leadership development prtrjramme for young people and both Jack and Alice have been through the Young Lions programme. Again. there was a sense of momentum as one leader steps aside to allow others to t8kethe mantle and run with new things. We are grateful to our church family fi)r being 50 SUPPOrtive during this process and to those who have led for many years and rnised up new leaders to take hold of the roles they once had. These changes have made a way for vision to be planned and executed well in the corning months and years. One of them being to plant a new Generations campus. Wlth this in mind in November and December Ps Jo and a tearn of another 3 people attend1 AOG'S 5-week church planting course which has set us up well for planting into Bri9g in 2026. 2025 became a foundational yearforall that liesahead in 2026 and beyond. Page 4
GENERAnoNSCHURCH LOUTH REPORTOFTHETR R ENDED31 DECEMBER 2 ACHIEVEMENTSAND PERFORMANCE Pro9rammes Our Neon toddler group Is still QTowlng and although we lost some famllles as thelr chlldren went to school, we also galned a lot more In September as the new academic year began. The team led by Thano Cartwright are doing a fantastlc job. The atmosphere Is amazing and the families from our local town who attend appreciate all the hard work the team put in every single vleek. We have also seen a number of our toddler parents access other programmes that we run with old8r chlldren In our youth programmes and a number of them attendlng Chureh on Sundoys. Our Sunday Children's prograrnme conttnues to thrtve wlth Jack and Allce now at the helm of It. It has been $x¢lting to see the l¢ng•vlty of care that Is given to familias in Generations Church. and this is seen especially as we watch our children move up through our prcorammes. It is SO good to watch the team create and execute an incrodibl¢ programme which thèy ha wrltten. It shows thg str8ngth of local chureh wherè our new ehildran's pastors who are now In thelr twenties hove attended our toddler group, then kids pro9ramme, youth programme and rK)w lead In a number of dlfferent settings within our church. Our mldweek gatherfng 'Eoulp' has ¢ontlnuod to grow and •volv• this year with a numb&r attaIn9 from both our Louth and Grimsby campuses. The programme changed Segtember to è more structured monthly programme. W99k I Is our BUILD night. This evening is now split into two Streams. our leadership development programme whlch Is there to raise the next tier of leaders within our churches, and a stream for everyone els which tho 8eeond h)If of the year began a 12-month study on the gifts of the spirit with Ps Llz. Week 2 is our EQUIP night and Is a tlme whoro w• dfve deeper into the blble and take themes we may hav8 touched on Sundays and teach a bTt d8èpei Into the blble and th? Sed holl of tho yaar, wè bègan è 12-month study eallad the bible course. Week 3 TS REACH groups. These small groups ar& focuse¢J groups on dlfferent thlngs Includlng. prayar, craft, Coffee and chats or lèamlng a musical instrument. Week 4 is EMPOWER night. a prayer and worshi evenlng and these have been a very popularevèrblNJ wlth our ¢hui¢h with manyattendln9 of)11 dlff&r*nt a908. 2025 agaln saw growth in thè 'Unlform Bank.. whlch runs very much Ilke a food bank but with school unlform8. We have been Inundated wlth donations, t)oth from Indlvlduals and school lost property boxes. We have a team who will collect, d&name, wash and iron all donations and then they are hung up in a room at Cènnon Str8gt ready for famllles to eom8 and get up to two sets of uniforms per child. If we have a large amount of one particular item of clothing, then more can be given. We have seen people overwhelmed with the cost ol uniform5 nd help and the rellef on thelr faces Is vlslble. We have a don)tion box whi¢h is ¢ompletely voluntary but Sometimgs people want to give a bit back, alternatively they can Come and swap unlforms, so they feel like they are contrfbutlng In some way. Wlth the Uniform bank now being loeatèd right at the front of our bullding It Is easlly seen and is aeeessible for everyone. We a really proud of this project whlch has helped hundreds of famllles during 2025. Our Youth programme has gone from strength to strert9th. We have a very stron9 group of older teens who attend m05t things and serve on so many teams. They went to'Thrive' youth camp In Wales agaln and quite a few of our laadars helped In varfous ways in the camp and our team are recognised as great leaders on a wlder scalè than just their home church. In February we held Unleashed which is our youth camp at home and it was incrediblel This weekend set our yotjng people up to have a great time and take their faith deeper. it had a hrive. atrnosphere while being at home. In June we had a team of young leaders from Gloucester come for the?r Young Lions academy mlssion and the youth took over the church for a weekend and did an incredible job. Thérè was a communlty day on the Saturday in Louth. and a building project at our Grirnsby mpUS and both went well. Pages
GENERAn NSCHURCH L REPORTOFTHETRUSTEES FOR THEYEAR ENDE031 DECEMBER 202 ACHIEVEMENTSANDPERFORMANCE Our youth also had a numt*r go to Young Lions and we ran Youn9 Lions acad8ry whlch Is all about ralslng and releasing young leaders. Volunts•rn Generations Church continues to have a strong volunteer base. whlch is growin9 year on year. We stlll have over 50 actlve volunteers, and some of them are Invofvsd In helping to run a multiple of pro9rammes and events on a weekly ba8ls. Every programrn&w8 run has mony volunteers and we could not do what we do wlthout them. On behalf of the trustees. we want to thank all thos• who 9ive their tlme to volunteef. Wg could not contlnue without them and we are so pr to bts bulldlng a church wherè It$ partners have a heart to serve and to build a strong chur¢h. Influ8n¢• In 2025 the Influence of Generatlorbs continued to grow. Pastor Jo Read continued her role on the area team for Assemblies of God GB IAOGI whlch involves m¢etlng with other church leaders and making sure thlnos are working well on behalf of AOG. Sh• is ov¢rseeln9 churches In Llrtcolnshlre and North Nottinghamshlre. Sh• has also aged to head up LIT è leaders tralnlng pro9rarnme wlth AOG under thelr Ioadershlp development programmè. PS Llz havlng flnlshed her mlnlsters tralnlng has be8n invited back to coach the next eohort of mln1stèrs in training. Church8S together has contlnusd and Ps Jo 9athèr$ Church leaders to build frlendshlps wlththe hop•s ¢fthat developlng Into communlty outreaches done tog&thèr. Olane Cartwrfght has begun her mlnisterstralnlw. and sheservgs AOGon thelr nattonal Kldsteam. Ps James has agre¥d to run a hub for AOG for assoclate mlnlsters In our AOG area. Our Worshlp tX"rector Paul Hilton ran another Empoww weekend and thls year we saw the return of Noel Robinson who spoke and 18d worship fof us, and It was at)soltJtely brflllant Noel alse came back in November to lead a prayer and prophetlc nlght for us. Through our worship weekends we have been able to bulld a Btrong relatlonship wth Noèl which is a blasslng to u$ asa church. Our influence In the schools and wlth the young p80ple In our eommunlty continues to grow. Our youth team regularly sees over 50 young people on a Friday nlght. and they come for evenlngs full of fun, gam¢s, muslc, discussion. food the Ilst just goes on. Our team works so hard to give the young people in our community a space that is safe and a great ènvironment to come and seetheli friends. Pastoral Support Thi5 year our team cOnnVeS to care for those In our community brilliantly well. Mark and Jane Egan continue to do a great job in caring for our older 9eneration th a monthly café whlch ha5 grown a lot In 2025 and now has a large group from within our community and not Just those from withln our church. There have also been trips out at different points of the yeèr. Otjr reach group for our older generation has continued and Mark and Jane really do a fantastlcjobwith them. Our family gathering every other week caters for $0 - 70 w)ple. Once a month we do a family 5erwce whère we arè all together and wé get all ages involved and the oth¢r week we run a kid's craft group. a youth hang out and parents group. Every time we get together we all eat a meal together and sDeclal thanks ¢Joes to Ali Williams and herteèm for preparing and serving that forso many. Page 6
NERATION REPORTOFTHETRUSTEES R THE YEAR ENDED I DECEMBER 2025 ACHIEVEMENTSANDPERFORMANCE Publlc B•n•fit We have referred to the guidance contained in the Charity Commission's gera] guidance on pvblic benefit and complled wlth sectlon 17151 of the 2011 Charjtles act whèn revlèwing our aims and objectlves and in planning our ture activities In particular. the Trustees consider how planned activitles wlll contribute to the alms and ¢bjoctive$ th havè sèt. FINANCIAL REVIEW The truslees have revlewed the chadty's needs for reserves in line with the ouldance offered by the charlty's mortgagor and alm to set aside a minimum of £13,050. Thls sum 4ppr¢xim4te8 to three months fixed running Costs. This is deèmèd suthclènt as Income is receivèd on a weekly bas15 and Is regulaily monltored. The trustegs believe that reserves at thi6 level should ensure the charity can run efficlently and meet the n$ of the benefi¢iarie8. PLANS FOR THE FUTURE 2026 will tre a year which bullds on am that God done In 2025. As a church It is our plan to olènt our thlrd campus In Brigg in Lincolnshi We will bulld team In the first 9 months of the year and gat to know th8 communlty through pop up events and thon In September 2026 It 18 our hope to begin a gatheflng on a Sunday for Generatlons church Brlgg. We are also wantlng lo bulld campus teams In both our curr8nt campuses to hdp grow what we have at the rnomgnt. Campus l•adgrs have beerbtask¢d with creating team and flndin9 people who wlll cgmrnlt to that. It'sgreat to see In a relatlvety small geographlcal locatlon. a huge IM¢t can bè made by the local church. STRUCTURIOOVERNANCEAND MANAOEMENT ¢3o¥•rnlng docum•nt The charTty Is an unincorporated entlty whlch is go¥err*d by Trust Deed dated 30 November. 1993 as amended 11 September, 2008. The function of the charity is maintained by the Church Councll and deacons who comprfse Holdlng Trust and other membersof thèehurch. Trustéés arè appointed by the Church Councll In accoidance with the Trust Oeed. The chartty seeks to Identlfy those consldered suitableto prowdea balance of skills and strerKJth. REFERENCÉ AND ADMINISTRATIVE DETAILS R•918t•f•dCharltynumb•r 1052168 rfn¢lpal addr•8• Cannon Street House Cannon Street LOUTH LNII 9NL Pag&7
GENERATIONSCHURCH LOLrrH REPORTTHETRusTEES FOR THEYEAR ENDED DE EMB Tnt885 Mr. R. Hardvrick Mr P. Varsley Mrs. J. Read Mr 8. Parkinson Mr8 J. Parkinson Mrs C Isherwood Mr. MEgan Mrs E Hilton MrJ Cartwright Independent E¥amln•r C. M.Tam5F.C.A. Smethurst & Co 12 Abbey Road GRIMSBV DN32 QHL Bankars Lloyds 8ank plc 24 Mercer Row LOUTH LNII 9JQ STATEMENT OFTRUSTEES. RESPONSIBiunES The trustees are responsible for preparing the Rert of the Trustees and the financièl statements in accordance with applicable law and United Kingdom Aunting Standafds (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trtjstees to prepa financial statemerrts for each financial year. Under tflat law, the trustees have elected to prepare the linancial statements in accordance wlth Unlted Kingdom Generally Accepted Accounting Practiee (United Kingdom Accounting Standards and applicable lawl. Undèr eharity law the trustees must not approve the financial statements unless they are satisfièd that they glve a true ancl fair view of the state of affairs of the charlty and of the incoming resources and applicètitsn of resources. including the incorn8 and 8XP8nditure. of the charity for that pericKI. In preparing those linancial statements, the trustees are reqvired to select 5Ultable accounting policies and then apply them Gonsistently. ob5ervethe methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent.. prepare the financial statements on the going concern bas7s unless it is inappropriate to presume that the charity will continue in business. Page 8
GENERATIONSCHURCH LOLITH REPORTOFTHE TRUSTEES FOR THEYEAR ENDED 31 DECEMBER ?Q? STATEMENTOFTRUSTEES, RESPONSIBILrriES- contlnuod The trustee5 are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finan¢ial position of the charity and to enable them to ensure that the financial statements comply with the Chartties A¢t 2011 and The Charity (Accounts and Reports) Regulations 2008. They are a150 responsible for safeguarding the assets of the charity and hce for taking reasonable steps for the pr8vention and detection of fraud and otherirrgjularitles. Approved by orderofthe t)oard oftrustees on.. . and signed on its behalf bw. Mrs C Ishèrwood- Trustee Page 9
INDEPENDENTEXAMINERSREPORTTOTHE TRUSTEESOF NERATIONSCHURCH LO Indgpond•ntoxamlMV8 r•porttoth•tNst•KofG•n•rntloThsClwrch LcKrth I report to the charity trustee5 on my examination of the account5 Qf Generations Church Louth (the Trust) for the year ended 31 December2025. RpOnbIlItI094nd ba8lBof roport As the charity trustees of the Trust you ar• responslble for the preparation of the accounts In accordance wlth the reoulrements of thecharities Act 2011 {'the Act'l. I report In respect of my examlnatlon of the Tnjst's accounts cafrfed out under Section 145 of the Act and In carrying out my examination I have followed all applicable tlirections given by the Charity Commission under Sectlon 145lSllbl of theArt. Ind•p•nd•nt•M4mln•V• •tat•m•fit I have completed my 8xamlnatlon. I connrm that no Mate•7 matters have com• to my attentlon In connectlon wlth theexaminatlon glvlng mècauseto believe that in any material respect.. accountlng re¢ords were not kept In respgrt of theTrust as required by Section 130 oftheA¢t' or the a¢wunts do not accord with those records.. or the accounts do not comply with the applicable requlr•m8nts concernln9 the form and ¢ont8nt of account8 set out In the Charltleg (Accounts and Reports) Reoulatlons 2008 other than any reoulramant that the accounts glve a true and falr ¥W which 1$ not 4 mattw consid•r¢¢l 4$ of an Independent examlnatlon. I have no concerns and have come across no other matters In connothon wlth thg ¨natlon to wnlch tt•ntlon should bè drawn In thls repcxt In order to enable a proper understanding of the accounts to be reached. C. M. Tams F,C.A. Smethurst & Co 12 Abbey Road GRIMSBY DN32 OHL Oate.. Pagelo
GENERAnoNSCHURCH ATEMENTOF HNANCIALACTIVITIES FOR TEYEAR ENDED31 DECEMBER 202S 31.12 25 Total funds 31.12.24 Total ft&nds Unrestricted fvnd Restricted funds Notes INCOMEAND ENDOWMENTSFACIM Donations and legaci08 129.493 12453 141.926 150,6S6 Other trading a¢tiwti8S Investment income 8,409 305 8,409 305 5.115 294 Totsl 138.207 12.433 150,640 156.065 EXPENDITURE ON Chatltabl•actl¥ltl Core Projects 156.210 6,SS9 162.769 162,755 NET INCOMEI(EXPENDITVRE) 08.003) 5,874 12,1291 16,690) RECONCILIATION OF FUNDS Total funds brought forward 4Tr,501 130 471,631 478.321 TOTAL FUNDSCARRIED FORWARD 453.498 6.004 459,502 471,631 The notes fom part ofthese financial statements Page 11
ERATIONS CH LO BALANCESHEET 31 DECEMBER20 31.12.25 Total fund$ 31.12.24 Total funds Unrestricted Restricted fund funds Notes FIXED ASSErs Tjngiblè assets 683,429 683,429 707,059 CURRENT ASSETS Sto¢k$ Debtors Cash at bank and In hand 10 8.666 3.513 32,629 8,666 3,513 38,633 8,978 3.225 34,547 6.004 44.808 6.004 SO.812 46.750 CREDITORS Amounts follln9 due wlthln one year 12 (7,075) 17.0751 110,6541 NEfcuRRENT A8SErs 37,733 6,004 43,737 36,096 TOTALASSET8 LESSCURRENTLIABILMES 721,162 6.004 7Y7,166 743,ISS CREDITORS Amounts fallln9 due aftef morethan one year 13 (267.664) {267.6641 12W.524} NET ASSETS 453,498 6.004 459,S02 4W.631 FUNDS Unrostrlcted fun¢Js Restricted funds 15 4S3,498 6,004 471,SOI 130 TOTAL FUNDS 459,502 4T.631 The financial statements were approvad by the Board of Trust•88 and authorised for i$$u? on tsW42£Q.. and woro signed on its behalf by.. Mrs C Isherwood- Trustee The notesform partofthesoflnanclal stètèments Pagé 12
GENERATIONSCH NOTESTOTHE HNANCIALSTATEMENTS FOR THE YEAR ENDED 31 DE EMBER2025 ACCOUNTINQPOUCIES Ba818 olprewrtng th•flnathclal •tat•m Except as disclosed below, the Nnan¢ial statements of the charlty. which is a publlc benefit entity under FRS 102, hav8 been prepared in accordance wth the Charities SORP IFRS 1021'Accounting and Reportlng by Charlties.. Stat&ment of Recommen(Jed Prathce applicable to charftles preparing their accounts in accordance with the flnancial Reporhn9 Standard applicable in thtr UK and RepublTe of Ireland IFRS 102) leffectlve l January 20191,, Flnanclal Reportlng stsndard 102'The Flnancial Reportlng Standord applicable In the UK and Aepubllc of Ireland, and the Charrties Act 2011. The flnanclal statements have Wn prepared under thè hlst¢rfc41 cost conventlon. The Charity ha5 departed from the Chadtles SORP and FRS 102 In order to Llepreclate all freehold property at a rate of 2% on a stralght line basls. The treatmènt requlred by the Ch•rltles SORP and FRS 102 where an asset comprises of two or more mar components Is that each component Should bè d8pre¢iated $8pèrately over its useful life and that thè valueof land Is not d•pr1te. The trustees con8ider that depreclatlng all fr••hold propèrty at a ratè of 2% on a strèlght line basls renects the loss of value of the ass•t for the Charlty. and have con¢ludod that the accounts present a true and falr vlew. Incom• All income is reco9nlsed in the Statamènt of Flnanclal Activltles onc the charlty has ntitlement to th• funds, It Is probablethat the income will be recelved and the amount can be measured rellably. ENp•ndltur• Llabllltles are reco9nised as expendlture as soon as thwe Is alegal or construetive obligatien eommittlng the charity to that expenditure. it is probable that a transfèr of economic bonefits wlll be requlred In settlement ènd thè amount ot the obllgatlon can be measuroa rellat)ly. Expendlture Is accounted for on an accruals basls and has been Classified undèr headings that aggregatè all cost related to the category. whe costs cannot be diroetly att¥lbuted to partlcular hwdlngs they have baan allocated to aetlvlties on a basls consistent with the use of resours. Grants offered subject to conditions which have not t)een met at the year end datg are noted as commitment but not accrued as expenditure. TanglbI?flm a•8•ts Depreciation is provided at the following annual rates In orfler to wrlte orr each a$5et ovef Its Ostlmated useful life. Freehold property Fixtures ènd littings 2% Stralght L1ne 20% Straight Line The charfty has è policy to capitalise assets in excessof £250. Uniforni sto¢k Uniform stock donated for distribution by the Uniform Bank is valued at estimated market value. with the coiresponding income recognised wthin donations. Pa98 13
GENERATIONSCHU H LOUTH NOTESTOTHE FINANCIALSTATEMENTS-eofitl FOR THEY£AREN DECEM8ER 2025 ACCOUNTING POLICIES-¢tIN¢d Unlform stock When uniform stook Is distrftsutedthisis recc¥Jnised as an expense. T•x•tlon Thtr chaTity is trxtrmpt from tax on its charitableactlvltles. Fundaccountlng Unrestncted funds can be usod In ac¢ordar)ce with the charitablè objectives at tha dl8cretlon of th• trust88s. Re5trtcted funds can only be us&J for particulai restrlcted purposes wlthln the objects of the chartty. Restrtctlons Jrlse when 8pecifi&J by the donor or when funds are ral$gd for particular restrictod purpos•s. Further explanatlon of th8 natur• and purk)0s8 of aach fvnd 1$ Included in th8 not•s to the flnancial $tatement8. p•noN00Kl oth•rW-r•tlY•m•nt l)•n•fits The chadty OP8rates a d•fin¢d ¢ontrlbutlon penslon $¢hemo. Contt1butlons payable to the chartty's penslon 8ehem6are charged tothe St•t¢ment of Financial ActIvl#S in the perlod to which they r•late. OTHER TAAOINQ AcMvmE8 31.12.25 31.12.24 Rental ineome Inhousèeonfèrance and event tlcket salgs External youth ev•nts 4.860 470 3,079 5,115 8,409 S.115 Paoe 14
GENERAnoNSCHU UTH NOTESTOTHE FINANCIALSTATEMENTS- contiNgd REND INVESTMENT INCOME 31.12.25 31.12.24 D8P051t account inttffjst 305 294 GRANT8PAYABLe 31.12.25 31.12.24 Core Projects 3.972 2,960 Thetotal 9rant$ wid to in$titutior during thye•r wa$ a$ follows.. 3112.25 31.12.24 A&8embllo8 of God Christians Against Poverty 3,792 180 2.780 180 3.972 2,960 TrUSTEES' REMUNERATION AND BENEFirJ 31.12.25 31.12.24 Trustees, larfe$ Trustees, pension contributionsto money purchase schemes 51,850 956 47,689 931 S1806 48,620 Dudng the year the lollowlng remun¢ratlon was pald to the Senlor Pastoi Mrs. J. Read, a trustee and to Campus Pastors Mr5. E. Hilton and Mr. J. Cartwrlght. who are also trustees. These Indivlduals ère consldered to be pald key management.. Trusteès. Trustees. pension contrfbution Totèl Mrs. J. Read Mrs. E. HIILon Mr. J. Cartwright 29,300 15,050 7,SOO 692 264 29.992 15,314 7.500 Total 31.12.25 51,850 956 52,806 Total 31.12.24 47.689 931 48,620 Pa9e 15
GENERATION CHURCH LOUTH TESTOTHE FINANCIALSTATEMENTS-COfrtlrw•d MBER202S TRUSTEES, REMUNERATION AND BENEFITS-¢ontlN•J Mrs. D. Cartwright the fe of the trustee Mr. J. Cartwrlght received rémunèratlofi as salary of £7,SOO 12024 £4.164) There were no trtJstee8' expen8eB paid for the year ende(1 31 fkncembèr 2025 nor for the yoar ended 31 Oecember 2024. 8TAFFCOgTS The average monthty number ofemployees during theyearwas asfollows.. 31.12.25 31.1224 Co No employees recelved emolumtnts In exce3s of£60.000. COMPARATIVES FOR THE STATEMENTOF FINANCIALACTIVITIE8 Unrestrlcted fund Restricted funds Total funds INCOMEAND ENDOWMENTS FROM Donations and legacies 146.476 4.180 ISO,6S6 Other tradln9 actlvlttg8 Investment Income 6.115 294 s,iis 294 Total 151,885 4,180 156,065 EXPENDITUREON Ch•rftsbl• xtlYltl•• Core Projects 158,705 4,050 162,755 NET INCOMV(EXPENDITUREI (6.8201 130 {6.6901 RECONCIUATION OFFUNDS Total funds brought forward 478.321 478.321 Page16
GENERATI SCHURCH LOUTH STOTHE FINANCIALSTATEMENTS-contln DE EQK1EIUR ENDED.LLEMBER 2 COMPARATNES FOR THE STATEMENTOF FINANCIALACTIVITIES- Mntlnuad Unrestricted fund Restrirted funds Total funds TOTAL AJNDSCARRIED FORWARD 471,501 130 471.631 UNIFORM BANK DONATIONS Thgvalueof unlform bank donations Includ within Gifts and Cknnationswas É4.69412024.. £5.4621. The valueof unlform bank distributionsincluded wlthln Youth Project Costs was £3,97312024,, £5,565). Unlform bank stock at the year ènd was valued at £8.66612024.. £8.9781. TANGIBLE FIXEDA88 Flxture8 Freehold property flttlngs Tota18 COST At l January 2025 and 31 Dgcemb8r 202S 1,054,292 47,462 1,101,7S4 DEPRECIATION At l January 2025 Charge lor yeaf 354.443 21.086 40,252 2,544 394,695 23.630 At 31 Dmb*r 202S 375.529 42,796 418,325 NET BOOKVALUE At 31 December 2025 678.763 4.666 683,429 At 31 December 2024 699.849 7,210 707,059 Pag8 17
OENERATIONSCHURCH LOUTH NOTESTOTHE FINANCIALSTATEMENTS-contlnu RENDED31 DECEP418ER2025 10. STOCKS 31.12.25 31.12.24 8tOGks 8,666 8,978 DEBTOR&.AMOUNTS FALUNO DUEWITHIN ONE YEAR 31.12.25 31.12.24 Other debtors 3,513 3,225 CREDITOR&AMOUNTS FALLINQI)UE WITHIN ONEYEAR 31.12.2S 31,12.24 8ank loans and overdraft$180g note14) Other creditors 3,706 3,369 3,328 7,326 7,07S 10,654 iJ. CREDITOR&AMOUNTSFALLINQ OVEAFTER MORETHANONEYEAR 31.12.25 31.12.24 Bank loans (see noie141 267.664 271,524 LOANS An analysis ofthe rnaturfty ofloans Is olven bo1ow-. 31.12.25 1.12.24 Amounts falling due wlthln one yearon demand.. nk loans 3.706 3,328 Amounts falling between oneand twoyears". Bank loan5- 1-2 years 3,947 3,552 Amounts falllng due b8tw8èn two and live years.. Bank loans- 2-5 years 13,443 12,161 Amounts Falling duein more than fiveyears-. Repayable by instalments.. Bank loans more S yr by instal 250,274 255,811 Page18
HURCH LOUTH TESTOTHEHN IAL TATEMENTS-contlMad DECEMBER 20 DED i& MOVEMENT IN FUNDS Net movement At 31.12.25 At 1.1.25 in funds Unr•8trktedlund• General fund 471,501 (18,003) 453,498 R•8trlct•d fund8 Do8ignat6d givin9 130 5,874 6,004 TQTALFUND8 471,631 111129) 459.502 Net movement In funds, Inclyde(I In tha aboveareas follow& Incomlng resources Resourcas expended Mtsvement In funds VnY••trlct•d IubKI• General fund 138.207 1156.2101 118,0031 R••trfet•dfvnd• Deslgnate¢J glvlng 12,433 (6,559) 5,8?4 TOTAL FUNDS 150,640 062,7691 112,1291 Comp•r•tl¥••for mo¥•m•nt In fund• Net mement In funds At 31.12.24 At 1.1.24 Unre8trlct•dfvnd• General fund 4?8.321 16.8201 4Y.SOI R•strkt•dfund• Designated gTvin9 130 130 TOTAL FUNDS 478,321 16.690) 471,631 Pa9e lg
GENERATIONSCHURCH LOUTH NOTESTOTHE FINAN IAL ATEME FOR THE YEAR ENDED31 DECEMBER 2025 i& MOVEMENT IN FUNDS-contlnued Comparative net movementin funds, included intheabove are asfoTIows'. Incomlng resources Resources expended Movement in funds Unre#trlct•dfunds General ftjnd 151,885 1158.705) 16,820) Rosttlctedlunds Dèsignated giving 4.180 14.050) 130 TOTAL PJNDS IS6,065 062,755) 16,6901 A current year12 months and prioryea¥ 12 months combined position is as follows.. Net movefnent in funds At 31.12.25 At 1.1.24 Unr•strlctod fuo¢ts General fund 478,321 124,823) 453,498 Re8trf¢tsd funds Designated giving 6,004 6,004 TOTALFUNDS 478,321 118,8191 459,502 Page20
GENERATIONSCHUFI NOTESTOTHE FINANC_IALsTATEMENTS-MntlnU FOR THEYEAR ENDEDSI DECEMBER2025 i& MOVEMENT IN FUNDS-contlnu¢d A current year 12 months and prior year 12 months comblned net movement in ftjnds, included in the above are as follows.. Incoming resource5 Resource5 expended Movement in funds Unrosttl¢t•dfund4 General fund 290.092 1314,915) 124.823) Restrlctedfvnds Designated gin9 16,613 00,609) 6,004 TOTAL FUNDS 306.705 1325.5241 118,8191 Amounts included in the designated giving fvnd are donations and grants received for specific purposès including amountsfor schwl lunches. youth acbvtbes and a warm spaces prowsion. 1& RELATEDPARTY DISCLOSURES Total amounts donated to the charity by its ttee5 during the year amounted to £40.128 12024 £40,012) Allocated parking spaces were prowded fr* of charge to ftve of the trustees during the year for their use when prowding their semces in thechurch building. The value of a parking space was £400 per year. Page 21
DETAILEDSTATEMENTOF HNANCIALACTIVITIES 25 31.12.25 31.12.24 INCOMEANDENOOWMENTg Donatlons •ndl•gacloB Glfts and donations Grants 13S.426 6,SOO 147.706 2,9SO 141,926 150,6S6 oth•rtr•dlng xtl¥ltl•• Rental income Inhouseconference and event tl¢ket ¥al•s External youth events 4,860 470 3,079 s,iis 8,409 5,115 Inv••tm•ntlncom• Deposlt account Interest 305 294 Total Incomlrffj r•xwrc•• ISO,640 156.065 EXPENDITURE ChJrftabl•actlvftle• Trustees, salaries Trustees, pension contdbutlons Wages Project cost8 Establlshment cost8 Mlnistry expenses Conferenee expenses Subscrlptlons Depreciation of tangible fix¢d a$set$ Mortgage interest Grants to institutions 51,850 956 11,455 14.018 29,398 4,611 1,798 2.291 23,630 17,452 3,972 47,689 951 8.120 23,539 27,198 4.495 1,436 2,927 24,119 18,081 2,960 161,431 161.495 Support costs This page does not form partof thestatvtoryfinancial statements Page22
OENERATIONSCHUACH LOUTH FOR THE YEAR ENDED 31 DECEMBER 2025 31.12 25 31.12.24 Support co¥ts Inclependent examinatlon Legal and profèsslonal fees 1,284 1241 1,338 1,260 Total resourcgs expended 162.769 162.7SS N•t•xp•ndltyrn 02,129) {6,6901 This page dS not form part of thestatutoryfinancial statements Pagè 23