|||||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|