2022-12-31-accounts - Arise Church Lincoln

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Voluntary giving increased by 0.78%%d in 2022 to6145,458, and total income by 6.61'/o to 6163,253.The increase
was assisted by overall voluntary given from church members by standing orders as well as a higher level of
grant income, deposit interest and rental income. The level of giving in this way varies month by month as some
standing orders are quarterly or annual; standing orders were around F8,962 per month. The use of Gift Aid is
also encouraged and provides a substantial element on annual revenues
The overall resources expended in 2022 increased by 15.2'/w This was mainly due to an increase in repairs &
maintenance along with pay rises that were provided to staff.
The increase in income, and continued active management ofexpenditure, resulted in a small deficit of55,245
for the year and a decrease in total funds carried forward ofaround 1.5~/o. This has been a positive result on the
back ofa year where we saw a number ofone offpayments being made, including clearing one ofour
mortgages, as well as this being against a stretching budget. This performance is testament to the hard work
and dedication of afi employees and volunteers within the Church and to the generosity, in difficult times, of
Church members.
The balance sheet is strong with a level oftangible fixed assets ofF267,383,showing a decrease on the
previous year. The large amount ofsecured debts via bank loans is due to the purchase ofthe church building
in 2015as well as the office facility purchased in 2012, and the church remains able to service its major debt
repayments for the foreseeable future. Outstanding bank loans reduced by 22.5'/o to 682,274.This position was
improved as the Church decided to use surplus funds to clear the loan against the office facility. Net current
assets reduced by 7.0/o tof160,019.
59,062 ofGrant Income was received during the year.
Administrative and financial support has been provided both on a volunteer and a part-time paid basis.
The percentage of restricted funds to total funds remains very low at 3.4.~/..
The target reserves of 10'/o of unrestricted annual expenditure in unrestricted reserves was met.
The Trustees and Leadership Team remained focussed on the core giving on a weekly or monthly basis meeting
the operational expenditure, and regular input was given to the congregation to make them aware ofthe
situation. The largest cost drivers for the year were the mortgages and associated costs ofmaintaining a Church
Office and the Church building, and the employment costs offull time and part time staff.
The Trustees continued to review the management accounts on a regular basis on the basis ofthe Church's
operational and ministry plan in order to seek improvements in the efficiency and effectiveness of operations.
The prudent management ofaccounts and surpluses generated over the last decade have enabled the church to
use contingency funds to cover one off payments such as clearing the mortgage on the Church office. With the
financial controls in place the church is well positioned to withstand current increases in inflation and cost of
living rises without adversely impacting its operational performance and public benefit.
Systems remain in place to ensure that community projects will be, as far as possible, self-financing.
A regular Vision/Trust Information meeting communicates the objectwes, performance and public benefit ofthe
Trust to its stakeholders.
No funds were materially in deficit in the period under review.

						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds 8	funds 6	funds f	funds 8
INCOME AND ENDOWMENTS		FROM
Donations and legacies				137,611	16,909	154,520	147,554
Other trading activities					132	132	17
Investment income				361		361	18
Other income				8,240		8,240	5,528
Total				146,212	17,041	163,253	153,117
EXPENDITURE ON
Raising funds				5,428	(321)	5,107	3,263
Charitable activities
Ministry				135,817	9,462	145,279	140,261
Community Action				2,637	11,289	13,926	563
Youth and Overseas				846	3,340	4,186	2,175
Total				144,728	23,770	168,498	146,262
NET INCOME/(EXPENDITURE)				1,484	(6,729)	(5,245)	6,855
Transfers between	funds		17	(1,647)	1,647
Net movement in funds				(163)	(5,082)	(5,245)	6,855
RECONCILIATION	OF FUNDS
Total funds brought	forward			337,897	16,932	354,829	347,974
TOTAL FUNDS CARRIED FORWARD				337,734	11,850	349,584	354,829

Deposit account interest
RAISING FUNDS
Other trading activities
Purchases
Closing stock
Investment management	costs
Administrative expenses
Aggregate amounts
GRANTS PAYABLE
Ministry
Community Action
Youth and Overseas

2022	2021
8	6
132	17
2022	2021
	6
361	18
2022f	2021 6
185	28
(506)
(321)	28
2022 6	2021f
5,428	3,235
5,107	3,263
2022	2021
5	6
16,098	17,001
513	50
2,001	2,175
18,612	19,226

		forthe Year Ended 31Decembe	r 2022
SUPPORT	COSTS
		Management 6	Finance 6	Other 6	Totals f
Ministry		8,381	3,527	34,968	46,876
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2022	2021
				8	8
Depreciation	- owned assets			15,782	14,394
Hire ofplant	and machinery			5,837	1,636
Surplus/(deficit) on disposal offixed assets				(46)	209
Independent	examiner	costs		2,800	3,320

TANGIBLE FIXEDASSETS
		Improvements	Fixtures
	Freehold	to	and	Computer
	property	property	fittings	equipment	Totals
		8	8	6	8
COST
At 1 January 2022 and
31 December2022	310,493	14,572	4,996	28,952	359,013
DEPRECIATION
At 1 January 2022	49,406	8,841	3,621	13,980	75,848
Charge for year	6,210	3,643	1,102	4,827	15,782
At 31 December 2022	55,616	12,484	4,723	18,807	91,630
NET BOOK VALUE
At 31 December 2022	254,877	2,088	273	10,145	267,383
At 31 December 2021	261,087	5,731	1,375	14,972	283,165

			N	otes to the Financial Statements - continued for the Year Ended 31December 2022
11.	STOCKS
					2022	2021
					f	6
	Stocks				506
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
					6	f
	Other debtors				7,012	11,333
	Prepayments				1,575	1,420
					8,587	12,753
13.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
					5	6
	Bank loans	and overdrafts	(see note 15)		5,510	7,696
	Social security and other		taxes		1,053	1,083
	Other creditors				1,000	1,000
	Accrued expenses				5,255	4,844
					12,818	14,623
14.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					2022	2021
					6	6
	Bank loans	(see note 15)			76,818	98,468
	Other creditors				1,000	2,000
					77,818	100,468
15.	LOANS
	An analysis	ofthe maturity	of	loans is given below:
					2022	2021
					6	6
	Amounts falling due within		one year on demand;
	Bank overdrafts				54
	Bankloans				5,456	7,696
					5,510	7,696
	Amounts falling between one			and two years:
	Bank loans	- 1-2years			5,697	8,062
	Amounts falling due between Bank loans -2-5 years			two and five years:	18,658	26,569
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr by instal			52,463	63,837

2022 f	2021 6
82,274	106,164

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.1.22	in funds	funds	31.12.22
		5	5	6
Unrestricted funds
General Fund	264,583	1,276	61,000	326,859
Designated Fund	4,229	(37)	(3,566)	626
Building Fund (Designated)	9,778	245		10,023
Overseas (Designated)	9,307		(9,081)	226
New Building Fund	50,000		(50,000)
	337,897	1,484	(1,647)	337,734
Restricted funds
Youth Work		566		566
Building Fund	13,200	(6,003)		7,197
Compassion fund	723	(315)		408
India Missions	343	(47)	90	386
Church Hospitality		(548)	548
Dancelife	101			101
Community Events		(1,009)	1,009
Trading Fund		452		452
JB8 RB Mission	22	145		167
Big Local/Foodbank	2,543	30		2,573
	16,932	(6,729)	1,647	11,850
TOTAL FUNDS	354,829	(5,245)		349,584

Net movement in funds, includ	ed in the above	are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				6
Unrestricted funds
General Fund			123,836	(122,560)	1,276
Designated Fund			13,175	(13,212)	(37)
Building Fund (Designated)			9,201	(8,956)	245
			146,212	(144,728)	1,484
Restricted funds
Youth Work			1,905	(1,339)	566
Building Fund			150	(6,153)	(6,003)
Compassion fund				(315)	(315)
India Missions			1,954	(2,001)	(47)
Church Hospitality			136	(684)	(548)
Community Events			878	(1,887)	(1,009)
Trading Fund			131	321	452
JB& RB Mission			10,887	(10,742)	145
Big Local/Foodbank			1,000	(970)	30
			17,041	(23,770)	(6,729)
TOTAL FUNDS			163,253	(168,498)	(5,245)
Comparatives for movement	in funds
			Net	Transfers
			movement	between	At
		At 1.1.21	in funds	funds	31.12.21
			6	6
Unrestricted funds
General Fund		254,542	9,304	737	264,583
Designated Fund		3,734	495		4,229
Building Fund (Designated)		25,565	(1,337)	(14,450)	9,778
Overseas (Designated)		9,307			9,307
New Building Fund		50,000			50,000
		343,148	8,462	(13,713)	337,897
Restricted funds
Building Fund				13,200	13,200
Compassion fund		348	375		723
India Missions		812	(469)		343
Dancelife		101			101
Community Events			(513)	513
JB&RB Mission		191	(169)		22
Big Local/Foodbank		3,374	(831)		2,543
		4,826	(1,607)	13,713	16,932
TOTAL FUNDS		347,974	6,855		354,829

			for the Year Ended 31	December 2022
				2022	2021
				6	6
INCOME AND	ENDOWMENTS
Donations and		legacies
Donations				145,458	144,322
Grants				9,062	3,232
				154,520	147,554
Other trading	activities
Fundraising events				132	17
Investment Income
Deposit account		interest		361	18
Other income
Rents received				8,240	5,528
Total incoming		resources		163,253	153,117
EXPENDITURE
Other trading	activities
Purchases				185	28
Closing stock				(506)
				(321)	28
Investment management			costs
Administrative	expenses			5,428	3,235
Charitable activities
Wages				80,701	71,996
Social security				940	2,891
Pensions				3,003	2,924
Other direct costs				10,737	9,604
Advertising				317	(54)
Rent				2,205	1,040
Grants to institutions				18,099	18,968
Grants to individuals				513	258
				116,515	107,627
Supportcosts
Management
Cleaning				198	142
Telephone				1,673	2,475
Postage and	stationery			357	296
Professional	fees			6,153
				8,381	2,913
Finance
Mortgage				3,527	4,107
Other
Repairs and	maintenance			5,837	1,636
Rent, rates and		water		220	868
Gamed forward				6,057	2,504

	forthe Year Ended 31	December 2022
		2022	2021
			8
Other
Brought forward		6,057	2,504
Insurance		1,944	1,825
Light and heat		3,824	3,155
Travel		1,565	734
Sundries		1,101	863
Repairs and	maintenance	1,465	1,349
independent examination Freehold property		3,276 6,210	3,320 6,210
Improvements	to property	3,643	3,438
Fixtures and	fittings	1,102	1,249
Computer equipment		4,827	3,496
Profit/loss on	sale offixed assets	(46)	209
		34,968	28,352
Totalresources	expended	168,498	146,262
Net (expenditure)/income		(5,245)	6,855