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2020-12-31-accounts

Page
Report ofthe Trustees 1 to 7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet 10
Notes to the Financial Statements 11 to 18
Detailed Statement ofFinancial Activities 19 to 20

for th e Year Ended 31 December 2020
2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes F F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 124,208 8,822 133,030 147,069
Charitable
activities
Trading 98
Other trading
activities		 87 87 217
Investment
income		 165 165 403
Other income 3,645 3,645 10,075
Total 128,105 8,822 136,927 157,862
EXPENDITURE ON
Raising funds 2,231 2,231 1,710
Charitable
activities
Ministry 132,325 3,760 136,085 117,087
Community
Action		 102 341 443 773
Youth and Overseas 722 1,097 1,819 14,473
Total 135,380 5,198 140,578 134,043
NET INCOME/(EXPENDITURE) {7,275) 3,624 {3,651) 23,819
Transfers
between		 funds 16 (816) 816
Net movement
in funds		 (8,091) 4,440 (3,651) 23,819
RECONCILIATION
OF FUNDS
Total funds brought forward 351,239 386 351,625 327,806
TOTAL FUNDS CARRIED FORWARD 343,148 4,826 347,674 351,625

for the Year Ended 31 De for the Year Ended 31 De for the Year Ended 31 De cember 2020
OTHER TRADING ACTIVITIES
2020 2019
Fundraising events 87 217
INVESTMENT INCOME
2020 2019
F
Deposit account interest 165 403
RAISING FUNDS
2020 2019
Investment management costs 2,126 1,497
Other trading
activities		 105 213
2,231 1,710
GRANTS PAYABLE
2020 2019
F
Ministry 11,920 11,074
Community Action 95
Youth and Overseas 1,097 7,177
13,112 18,251
SUPPORT COSTS
Management Finance Other Totals
F F
Ministry 2,933 4,470 25,458 32,861
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2020 2019
F
Depreciation —owned assets 12,191 10,334
Hire of plant and machinery 1,147 800
independent examiner costs 2,874 3,015

TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
F F F
COST
At 1 January 2020 310,493 12,588 4,996 10,700 338,777
Additions 7,226 7 226
At 31 December 2020 310,493 12,588 4,996 17,926 346,003
DEPRECIATION
At 1 January 2020 36,986 2,256 1,123 9,332 49,697
Charge for year 6,210 3,147 1,249 1,585 12,191
At 31 December 2020 43,196 5,403 2,372 10,917 61,888
NET BOOK VALUE
At 31 December 2020 267,297 7, 185 2,624 7,009 284,115
At 31 December 2019 273,507 10,332 3,873 1,368 289,080

DEBTORS:AMOUNTS
FALLING DUE WITHIN O		 NE YEAR
2020 2019
Other debtors 11,820 12,931
Prepayments 1,297 1,339
13,117 14,270

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
F F
Bank loans and overdrafts (see note 14) 7,338 7,264
Trade creditors 187
Social security and other taxes 1,585 1,581
Other creditors 1,000 1,000
Accrued expenses 4,312 3,715
14,235 13,747
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
F F
Bank loans (see note 14) 107,197 115,378
Other creditors 3,000 4,000
110,197 119,378
LOANS
An analysis ofthe maturity of loans is given below:
2020 2019
F
Amounts
falling due within		 one year on demand:
Bank loans 7,338 7,264
Amounts
falling between		 one and two years:
Bank loans - 1-2years 7,686 7,608
Amounts
falling due between		 two and five years:
Bank loans - 2-5 years 25,333 25,072
Amounts
falling due in more than five years:
Repayable
by instalments:
Bank loans more 5 yr by instal 74,178 82,698
SECURED DEBTS
The following secured debts are included within creditors:
2020 2019
F
Bank loans 114,535 122,642

MOYEMENT
IN FUNDS
Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.20
F
Unrestricted
funds
General
Fund		 266,508 (12,250) 284 254,542
Designated
Fund		 1,775 7,420 (5,461) 3,734
Contingency
Fund
Building
Fund (Designated)
Overseas (Designated)		 600
28,010
4,346		 (2,445) (600)
4,961		 25,565
9,307
New Building
Fund		 50,000 50,000
Restricted
funds		 351,239 (7,275) (816) 343,148
Compassion
fund		 285 63 348
India Missions 812 812
Dancelife 101 101
Community
Events
JB8 RB Mission		 (316)
(309)		 316
500		 191
Big Local/Foodbank 3,374 3,374
386 3,624 816 4,826
TOTAL FUNDS 351,625 ~3,651) 347,974
Net movement
in funds, induded		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
F
Unrestricted
funds
General
Fund
Designated
Fund
Building
Fund (Designated)		 106,425
17,275
4,405		 (118,675)
(9,855)
~6,850)		 (12,250)
7,420
~2,445)
Restricted
funds		 128,105 (135,380) (7,275)
Compassion
fund
India Missions
Community
Events
JB8 RB Mission
Big Local/Foodbank		 158
1,909
(1)
1,756
5,000		 (95)
(1,097)
(315)
(2,065)
~1,626)		 63
812
(316)
(309)
3,374
8,822 ~5,198) 3,624
TOTAL FUNDS 136,927 I146,578) ~3,651)

Comparativ es for moveme nt
in fun		 ds
Net Transfers
movement between At
At 1.1.19 in funds funds 31.12.19
F F F
Unrestricted iunds
General
Fund		 298,976 18,707 (51,175) 266,508
Designated Fund 9,207 (7,432) 1,775
Contingency Fund 600 600
Building
Fund		 (Designated) 22,464 5,546 28,010
Overseas (Designated) 3,089 (5,875) 7,132 4,346
New Building Fund 50,000 50,000
325,129 27,585 (1,475) 351,239
Restricted funds
Youth Work 1,444 (2,295) 85'I
Trips 474 (474)
Oasis 261 (261)
Compassion fund (15) 300 285
India Missions 165 (969) 804
Toddlelife 232 (232)
Dancelife
Community		 Events 101 ~487) 487 101
2,677 (3,766) 1,475 386
TOTAL FUNDS 327,806 23,819 351,625
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
F F F
Unrestricted funds
General
Fund		 119,685 (100,978) 18,707
Designated Fund 19,417 (10,210) 9,207
Building
Fund (Designated)
Overseas (Designated)		 13,776
1,000		 (8,230)
~6,875)		 5,546
~5,875)
153,878 (126,293) 27,585
Restricted funds
Youth Work 2,826 (5,121) (2,295)
Compassion fund 450 (465) (15)
India Missions
Community
Events		 708 (1,677)
~487)		 (969)
~487)
3,984 ~7,750) ~3,766)
TOTAL FUNDS 157,862 I)34,043) 23,819
Designated Funds

Life Church Lincoln
Detailed Statement ofFinancial Activities
for the Year Ended 31 December 2020
2020 2019
INCOME AND ENDOWMENTS
Donations
and		 legacies
Gifts 133,030 147,068
Other trading
activities
Fundraising
events		 87 217
Investment
income
Deposit account interest 165 403
Charitable
activities
Other income 98
Other income
Rents received 3,645 10,075
Total incoming resources 136,927 157,861
EXPENDITURE
Other trading
activities
Purchases 105 213
Investment
management		 costs
Administrative
expenses		 2,126 1,497
Charitable
activities
Wages 74,662 56,097
Social security 5,604 5,526
Pensions 2,941 4,264
Other direct costs 8,630 13,580
Advertising 537 1,156
Grants to institutions 13,017 17,387
Grants to individuals 95 864
105,486 98,874
Support costs
Management
Cleaning 45 18
Telephone 2,427 1,508
Postage and stationery 461 921
2,933 2,447
Finance
Mortgage 4,470 5,829
Other
Repairs and maintenance 1,147 800
Rent, rates and water 499 404
Insurance 1,844 492
Light and heat 2,975 4,648
Telephone
and		 website costs 230
Travel 974 2,494
Sundries 1,197 660
Carried forward 8,636 9,728

Detailed Statement of
for the Year Ended		 Financial Activities
31 December 2020
2020 2019
F
Other
Brought forward 8,636 9,728
Repairs and maintenance 1,757 2,105
Independent
examination		 2,874 3,015
Freehold
property		 6,210 6,210
Improvements
to property		 3,147 2,256
Fixtures and fittings 1,249 976
Computer
equipment		 1,585 893
25,458 25,183
Total resources expended 140,578 134,043
Net (expenditure)/income ~3,651) 23,818