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2021-12-31-accounts

SOUTH LINCS CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

SOUTH LINCS CHURCH IS A REGISTERED CHARITY (NO. 1052169) AND IS AFFILIATED TO ASSEMBLIES OF GOD INC.

SOUTH LINCS CHURCH INDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEX PAGE
Trustees Report 3 - 6
Independent Examiner’s Report 7
Income and Expenditure Statement 8
Balance Sheet 9
Notes to the Financial Statements 10 - 12

2

SOUTH LINCS CHURCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Full Name

South Lincs Church

Registered Charity Number

1052169

Registered Office South Lincs Church 19 Westgate Ruskington Sleaford NG34 9ES

Charity trustees Alexandra Samson - Chair Mr Steven Courtney - Treasurer Mr John Fee Mr Mark Button

Governing Document

Constitution and Trust Deed adopted 27 April 2006 as amended on 29 November 2007

Bankers

HSBC 26 Market Place Sleaford NG34 7SB

Solicitors Robinsons Market Place Ilkeston DE7 5RQ

Independent Examiner

S V Miller 66 Westcliffe Street Lincoln LN1 3TZ

3

SOUTH LINCS CHURCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees have pleasure in presenting their annual report and the financial statements for the year ended 31 December 2021.

Objectives

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.

Organisation

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.

Financial Review

The financial statements on pages 8 to 12 comply with statutory requirements.

The Income and Expenditure statement on page 8 shows net incoming resources for the year of £4,996 (2020: minus £1,983). The church has continued to 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 £218,275 (2020: £215,715).

The church is dependent upon the continued receipt of donated income. 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.

Reserves Policy

The Trustees’ aim is to hold around £10,000 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.

4

SOUTH LINCS CHURCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

This year has been one full of change in the life of the church, but one full of blessing too. From January until June we continued to broadcast online Sunday worship video services in line with government guidelines surrounding the COVID-19 pandemic. We also continued to make use of other online platforms to keep our members connected through the week and before the Sunday services. We have been very grateful for the partnerships with other AoG churches including Bridge Church, Lincoln, and New Life Church, Scunthorpe, to make use of their recorded messages as well as ‘visiting’ speakers in our online services.

Sunday 27[th] June saw the reopening of the church for Sunday services. With many government restrictions still in operation we ensured this would be a safe, but welcoming space to gather in person. Measures put in place included an online booking-in system, a rigorous cleaning schedule, socially distanced seating, a one-way system of movement through the building, with no singing or creche/kids church facilities open. Although very different, members responded extremely positively to these services with 10 to 12 attending on average, and a powerful sense of fellowship and worship. Some members did not return to in person church, most of whom were in one of the vulnerable groups. A weekly connect group of six people, in line with government guidelines, was able to meet in the church for fellowship and prayer.

We endeavoured to keep connected with those not attending in person and to continue supporting members and the community including shopping and collecting prescriptions. Over Christmas the church donated gifts and made cards for the residents of Chestnuts Retirement Home and delivered gifts to local residents at the Pinfold Centre (Sheltered Accommodation). The church has continued to support the work of the New Life Community Larder (foodbank), Sleaford. Our members have supported the Larder with both financial and material donations. When restrictions permitted, we were also able to use our church car park as an outdoor collection point for residents in the village.

A Gift Day for funds to develop our community vision, including plans for being a local branch of the Larder, enabled us initially to refit the Family Lounge. Other plans were then paused at that time. The church continues to support New Life Children’s Centre, Gambia as part of our overseas missions. We continue to have members actively supporting local families through the Safe Families organisation. Kids Church and Little Acorns Toddler group have not yet resumed.

In September our Senior Leader made the very difficult decision to step down from her role in leading the church. She had led the church through the unprecedented and incredibly difficult time of the pandemic with grace, strength and wisdom and we are hugely grateful to her for her commitment and dedication during her time as Senior Leader in the season to which God called her to lead. From September to December the leadership team continued to maintain the running of the church and the wellbeing of members. The leadership team sought guidance and support from within AoG for moving forward as a church into the next season ahead.

5

SOUTH LINCS CHURCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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:

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 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 according to the size of the charity and the nature of its operations.

Signed on behalf of the Trustees

[ORIGINAL SIGNED] Signed……………………………………………………….. Dated …………………. Steven Courtney, Treasurer

6

SOUTH LINCS CHURCH INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below:

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

[ORIGINAL SIGNED]

Signed ………………………………………………. Dated ……………………………. Sue Miller ACMA

7

SOUTH LINCS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 INCOME AND EXPENDITURE STATEMENT

Unrestricted
Funds
£
Offerings including gift aid tax refunded
30,429
Little Acorns
60
Donations
15
Vision Offering
0
Bank interest
2
Miscellaneous
517
Total incoming resources
31,023
_

Ministry
16,603
Equipment
0
Insurance
1,011
Utilities
1,801
Repairs and renewals
150
Office
964
Missionary
450
AOG
1,537
Accountancy
350
Sundries
200
Depreciation
3,699
Little Acorns
0
Fusion Kids & Youth
0
Mortgage interest
1,698
_

Total resources expended
28,463
_

Net incoming/outgoing resources for the year
2,560
Balances brought forward at 1 January 2021
215,715
_

Balances carried forward at 31 December 2021 218,275		 Unrestricted
Funds
£
30,429
60
15
0
2
517		 Unrestricted
Funds
£
30,429
60
15
0
2
517		 Restricted Restricted Restricted 2021
Total

Funds
£
30,429
60
15
2,635
2
517		 2020
Total
Funds
£
29,510
199
380
0
27
100
30,216
__
18,343
47
931
1,796
1,293
1,060
910
792
350
181
3,787
469
85
2,155
_
32,199
_
(1,983)
217,698
_____
215,715
Funds
£
0
0
0
2,635
0
0		 Funds
31,023
_

16,603
0
1,011
1,801
150
964
450
1,537
350
200
3,699
0
0
1,698
_

28,463
_

2,560
215,715
_

218,275


2,635
_

0
0
0
0
0
0
0
0
0
199
0
0
0
0


199
__

2,436
0
_____

2,436		 33,658
_
16,603
0
1,011
1,801
150
964
450
1,537
350
399
3,699
0
0
1,698
_

28,662
_

4,996
215,715
_

220,711

8

SOUTH LINCS CHURCH BALANCE SHEET AS AT 31 DECEMBER 2021

Note
Tangible fixed assets
2
Current assets
Cash at bank and in hand
3
Creditors: amounts falling due within 1 year
4

Net Current Assets

Total assets less current liabilities
Creditors: amounts falling due after more than 1 year5

Financed by:
Unrestricted funds
Restricted funds

Total Funds		 2021
£
213,346
26,014
9,179
_

16,835
_

230,181
9,470
_

220,711
218,275
2,436
_____

220,711		 2020
£
217,045
25,097
9,476
__
15,621
_
232,666
16,951
_
215,715
215,715
0
____
215,715

9

SOUTH LINCS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.

a) Accounting convention

The financial statements have been prepared under the historical cost convention.

b) Basis of preparation

In addition, the trustees consider that donations and gifts will continue to be forthcoming. As a result, in the opinion of the trustees, adequate cash resources will be available to cover the church’s requirements for working capital and capital expenditure for at least the next year and the financial statements have therefore been prepared on the going concern basis.

c) Donations

Donations received are recognised in the Statement of Financial Activities when received and any related tax credits are accounted for when claimed.

The Giving Machine £15.45

d) Fixed assets and additions

Items from capital expenditure are capitalised and shown at cost as fixed assets in the balance sheet. Depreciation is calculated to write off the cost less estimated residual value of fixed assets on a reducing balance basis over their estimated useful lives.

Freehold property no depreciation on Land & 2% straight line on buildings Furniture and equipment 25% reducing balance Computers 3 years straight line

10

SOUTH LINCS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

e) Voluntary help

A certain amount of time is expended on the church activities which is donated free of charge. It is not possible to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.

f) Trustees’ remuneration

One Trustee, Alexandra Samson, received a salary of £8,976 for her role as church minister employed by the charity, she left in October 2021. She is not directly remunerated for the role as a Trustee of the charity.

2. Tangible fixed assets

Historical Cost
As at January 2021
Additions
Disposals

As at 31 December 2021

DEPRECIATION
As at January 2021
Provided in year

As at 31 December 2021

NBV at 31 December 2021
NBV at 31 December 2020
 Freehold
Property
£
256,308
0
0
_
256,308
_
40,638
3,126
_
43,764
_
212,544
215,670
_		 Furniture &
Laptop
Total
Equipment
£
£
£
1,900
916
259,124
0
0
0
0
0
0
_ _ _
1,900
916
259,124
_ _ _
831
610
42,079
267
306
3,699
_ _ _
1,098
916
45,778
_ _ _
802
0
213,346
1,069
306
217,045
_ _ _

11

SOUTH LINCS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3. Cash at bank and in hand

h at bank and in hand
2021 2020
HSBC account 31079549 7,804 555
HSBC account 51271091 Little Acorns 97 127
HSBC account 51487523 18,113 24,411
Womens Ministry cash 0
4
_ _
26,014 25,097
_ _

4. Creditors: amounts falling due within one year

2021 2020
Mortgage payments 9,179 9,179
PAYE 0 297

_ _ 9,179 9,476 _ _

5. Creditors: amounts falling due after more than one year The sum due to AOG Property Trust amounts to £9,470 (2020: £16,951) and is secured by a first charge on all the freehold property of the church.

6. Summary of Fund Movements - Restricted

Fund Name Opening Received Expenditure Balance Balance Vision Offering 0 2,635 199 2,436

7. Miscellaneous Income

Income from items sold which were no longer required.

12