CIL4RThY REGISTRATION NUMBER 1129633
COMPANY REGISTRATION NUMBER 06780477
AUDACIOUS CHURCH
CONSOLIDATED ACCOiJNTS
'ACZXAY62*
2*12r2023
COMPANIES HOUSE
A19
*240
Hackeryoung
(krtetedAtCr￿ntsnts

AUDACIOUS CHURCH
SAKeir
NTSmith
RPR8y
D J McPhai]
J Bra¢¢￿die
D K Slwpe
1129633
Company number
0678(M77
Unit 6
Tzinity Way
M3 7BB
Auditon
6 Broadfield Cowl
Broadfield Way
Sh¢ffi¢ld
S8 OXF
B￿ke
Barclays Ballk pl¢
P.0 Box 1385
Sheffidd
S9 2WV
Lloyd8 Bank
Market Street
Ml IPW
Solldtors
Pride PaTk
DE24 8QR

AL￿ACIOUs CHURCH
CONTEKrs
StstemeJ)i of ¢nMte¢s' vesponnbiliti
Consolid&tsJ *alem￿t of fmaDci81 ￿1VitieS
io
Stat¢llMt of fiDallcd x*iviti
12
BAlan¢e sheet
13
Stst¢Me￿ of ¢ash tlows
14
15-35

AUDACIOUS CHURCH
TRu￿S. REPORT (ThCLUDING D￿RE￿o￿S, REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
finallcial stst¢meDts #nd comply with the ¢IOTity's Memowidum and Articles of AssLKiAt1o￿ the Compatlles
Act 2(X16 and -Ac¢ountin8 and Rwting by Charities: Ststernent of Re￿m￿ Practice applicable to
and Republi¢ of IrelaThl (FRS 102) (effectiv¢ l J8nw 2019)-.
Th¢ ¢brity'$ obie¢tives ar¢ sd out by th¢ tD* deed u:
the adv•n¢em￿t of the Christian fall￿.
the relief of sickness and financi￿ b¥dsbip •nd to troll￿e 4nd PT¢SUY¢ good h¢81th by the provision of
These objeclives are Khieved throu8b the foll¢ywing activities:
ev¢nts 8Dd meeting5 to promote the CbTiMi8n faith which aTr design￿ to be enthusi8sti¢. livety. fun and
eth¢•tional. are held ott a regular basi4 are open to all agts and aye not dwdent on ￿1￿1 cla
0￿108 holi8tt¢ healthy living forb(Mly. soul & spiiiL
inspiration & iiJpart4tson io ¢bu￿b leaders aDd other ¢hwch muttb¢rs from the valu¢s of th¢ Bible
wbeff possible briDgitig practi￿ 8pplic&tion to the message: iwh)ding IK>sting Lwninous the
(Jllturt summiL Aud¥iow College. and involvement in the church's programm￿.
the charity sI￿￿d undertak
Details of the activities by tbe thity thring the pui(Ml ate 8iv¢a A¢bievcments 8nd
perfomwi¢e.
Obj¢ctive l - to advance the Christsan faith in ￿T￿all￿ with the Statemtnt ill ways aDd ID sucb parts of
th¢ UK or th¢ world os th¢ church leathb￿ from time to lime may tbink fiL
We have five campu5ts of Churc￿ in Mallcbester, Chesttt. Cardiff, Sheffield and GenM In
ur Manchester campus, we bave thTee physical locatiOll5 meeting ID Salfor4 Centrnl Mats¢hester. B￿Y and
HaDdfort& Wilmskny. AcT05S our campuses we ar¢ TuDDI￿ a ￿lDbIll¢d ten pby5i¢al we¢k¢Dd servi¢¢s ￿rosS
all the locations. There are currently Around 7,WNJ pts)ple who Call Audxious their home ond we hve
been 8veAgitig aTound 2,8W peopk in any ￿yell w#k ovff our weekend setvices. We have aD expectation
that this figure will ci¥Dlinue to Inc￿￿e, as it1th8 done e4)D8ithtty siti¢e the church s¢arted This continued
owth can be attr]￿ted to a strong ownelship of our ¢burth ¢uliuff of bctD8 ftarles81y (kvotol wildly
Objective 2 - To r¢li¢ve sickness & financi￿ Iwdship and to protno* and PTeserve good lulth by the
provisions of full￿ goods or seryiccs of any kind iucluding through the Fmision of colu￿ul￿g and support
in such parts of th¢ UK ond the world &4 the church leaderslllp from tlmtrt￿l]rne thijjk fit.

AUDACIOUS CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONfiNUED)
FOR THE YEAR ENDED 31 MARCH 2023
Aeldtve*ents performance (eOAthbuwl)
Th¢ church Conlitiues to provide pastor81 C8Te physical]y. spiiihjally. alld emotionally for its entir¢
or8aDiSatio￿1. in¢ludi08 Audacious Foundatio￿ Compssion Thild Swwsbip and Maunillan Cancer
Manchester Campus we I￿ve re£enty ￿lMPleted a five-year w>itsl to raise fiuNts th8t will see a
Jn our Swid•y 8eThi¢¢8. we ¢onlinu¢ to S¢¢ D¢¢ds met qs we pJay coryoTr*ty foT health. whol¢ness. finan¢iAI
ond fan)ily issues. Ea¢h week we receive from ind?vithwls the wnpcgation who l¢t us know of
Objective 3 - To advaDce eibJ¢8tion iti such woys •nd in sucb p•ts of th¢ UK or worl4 as the chwch
leader51up from titDe to lime think fit.
Audacious ¢ODtiDU¢S to train Indiv￿S at all leveb of life. w¢¢kml services Contin￿ to ethicate
pra¢ti¢al applicatio￿ along with our practical midweek lifr ￿ and ¢ours¢s teach indiv1th￿l5 the
valuffj vision and culture of our chuTch and elwbles peopl¢ to ¢boDse p￿ti￿1 training that wiu help ¢4UiP
their lif¢. We nm an aDnual leadersbip trainin8 retre￿ for ovfJ 2(X) voluntea5 in the life of ¢burcl to wjip
thejn practically to aDd develop iti tbeir l¢a¢krsbip Tok&
Audacio￿£ Thurch OWDS I(MYh of the share capital of E4vJearn Worldwide Limit&t a tradmg company
which g¢ll¢rat¢s fimds for the cburc]L Ethyour Worldwide Lio)it¢d ¢)p¢rates from tbe chuTch preTrise5 and
its pincipal activity 13 the provisioD of carpathng. A¢ 31 mo￿h 2023 the net usets of Endeavour Worldwide
Limi*d were £218,402 (2022: £65.834). Its turnover for the year ended 31 March 2023 was £318.489 (2022:
£207.711) other in¢om¢ tot•ll¢d.£oil (2022: £4.295). Its total r¢sour¢es expentsd were £99.548 (2022:
£85904) leaving a profit for the year of £218941 (2022: £126,102) before Eift aid donations to the parent
whicb generates foT the ¢hurclL Athious Publithing Limited (wates from the Cburch prcmiscs and
its Principal activity 15 tDusic sale5 atsd obtsining royalties. At 31 March 2(Y23 the net assets of Audacious
PublisbiDg Limited were £1,745 (2022.. £526). Its ￿￿￿0Ver for the yeaT ended 31 Marcb 2023 was £7.626
(2022.. £1,783) alld other income tolalled £IO.(KK) (2022: £683). Its total resources expended wett £15.882
(2022.. £1,941) leaving th profit for the y¢8r of £1.744 (2022: £525) before gift aid doll￿)￿ to the parent
¢onwatioD meetitig iti Geoev4 Switz¢rland. This is a separate legd eDtity in Switzerland and has 4 year end
of 31 Decembcr. At 31 De¢unb¢r 2022 the Det &wets of Auth10￿ Swit3£rlaDd Associatioo wu¢ £21.281
(2021: £tiil). its total incon￿ T¢soum for the year wue £129,720 (2021: £nil) and its ¢otal Tesources
expended were £108,439 (2021: £Dil). Th¢ net in fund8 in the was £21281 (2021: £nil).

AUDACIOUS CHURC
TRUSTEES, REPORT (INCLIJDINC DIREcfoRS' REPORT) (CONfiNUED)
FOR THE YEAR ENDED 31 MARCH 2023
FID•￿d￿ revkw
Jn¢oming resourr£s during the Friod totalled £3294.138 (2022: £3224237) b85 been at a level
suffi¢i¢nt to satisfactorily achieve our collJllllttDcnts and WMkft￿.
Th¢ Stat¢ment of Financial Activitie5 shows a JKt izKtrase in fuDds before the revaluation of tsngibl¢ fixpAI
ass¢ts of £112.811 (2022: £883,042). Restric*d futtds totalled fA.5(KI.654 (2022.. fA.295.817) ond
Unrestricted funds £5,630567 (2022: £5,722.593). The freety available unrestricted funds ￿ 31 March 2023
was £736,095 (2022: £901,614). The knJ8t¢es woum wisb kn irm8¥e tbis in the futw¢ to allow th¢ church to
The Consolidated Ststement of Fin¥ncial Activities $I￿￿S a incTe&tt in funds before the revaluation of
laD￿￿le fixed assets of £287.879 {2022: £949.382). InGoming r¢SoU￿ for the wiod totalled £3,649,643
(2022.. £3J68.422). Restricted fillth totalled £4.51X).654 (2022: £4295,817) aDd UDrestricted funds
£5.871.993 (2022: £5.788951). The freely avai]abk UDruthctrd fuDds at 31 klarcb 2023 was £947.696
(2022- £967,974).
It is the policy of tbe clwity thai Un￿$tric*d funds vkni¢b have nrt been desi￿ for a wific use should
be mailltsitied at 4 level quivalent to brfween three and six oxmth's expenditure. The tr￿steeS CODsider that
serva at this level will e￿8￿re thaL in the event of & signthcant dmp in funding* they will bc able to CODlinue
the charity's cumt activities while cmsideratiOD is given to ways in which additional funds may be raise
Its this p￿1(￿1 we have ￿nI]ll￿d to rqmy ¢apifal off our ¢burch h￿Idin8 logo •Dd we nM)ved our logn in
2023 re41ucing our loan rdts as well ay our lom fm 20 to 15 ye8rs. of whi¢b w¢ now have
both a fin4D¢ial and b¢nefit to we seek to WO￿ alongside others.
We are now over the impact of Covi&19 with the car now COD5ld￿ab1Y prtrcovid
levels. DoDatioJ]s and off￿l￿g5 have 8150 remain￿ COD5iSlettL our finall￿$ continue to be stron8.
The tsustees have assessed th¢ major risks to ￿l¢b the ¢hty is expKe4 and ar¢ satisfied that systeDk8 are in
place to rtiiti8ate exposure to the major risks.
8uidan¢e on public benefit wh¢D rcvi¢wiDg th¢ trwst's din￿ and objectives and in plaDlliDg futs￿e a￿]v]￿eS.
Future direction
We have exciting plans to develop our existing 5its to contin￿ the ￿o￿th a￿1 cxpansion of the wbi¢b
vAll in turn generdte additional fimds so that we can continue kn he]p the vuinerable and expand our reach.
The B￿1 is to see a landmth and iC4lDiC building can be used by all ateas of the gatew8ys of our city. with
nutnerous breakout rwms aTMI a car puk over undtiple stows would facilitste all our needs as a chw¢h

AUDACIOUS CHURCH
TRUSTEES. REPORT (INCLiIDING DIREcfoRS' REPORT) (Co￿D)
D¢rxmber 2008 and bet•Je a ttyst#¢d eh•ity on 15 MAY 21x19. It comn￿ adivities on l October 2009
when it took over th¢ asset4 liabilitKq of A￿d￿lOUS City (charity nwnber 1120164) and
The Faith7Ath {th¥ity Dumber 1052562). Jn 2012 the charitsble cryy cbang&l 115 name frozn Audacious
SAKeir
NTSmith
RPRay
D J McPbwl
J BrAwdi¢
Following AOG guideliD¢S th¢ ¢bw¢b i¥ to knve •t l¢ast tbff¢ at atsy otse time. one of whom
saluied I￿￿te¢s. thett is also key DwtweDt Mlwies of £173.012 {2tr22: £165,667) vthicb bav¢ att y1￿U¢￿e¢
Each of the kntstee8 b&8 confirn)tl th•t tkn Inf(n￿lon of vAhith Ibey are Thore vknicb is relevortto tbe

AUDACIOUS CHURCH
STATEMENT OF TRUSTEES. RESPONSJBILITILS
FOR THE YEARENDED 31 MARCH 2023
The tn￿ee$, wkn are Blso the direc￿ of Audaci￿ Church for the purpo$¢ of compHny law, are Te4JOD5Jble
for pr¢paring the Tn￿tte8. Rewrt and the %￿ULts iti with applicable law and United KJD8dom
of the state of affaiTS of the ¢h¥rit8ble ¢ompaDy 8r¥l th¢ group and of the iDcoming resour¢u and appli¢atiOD
s¢l¢d suitabl¢ aGwmtiD8 policies alld thcD appty them ¢onsistetitly:
¢ompaDy will Contill￿ in operatio
The trustees are rwnsibl¢ for keeping prnpeT accouDting ￿COrdS thai disclose with rwon•ble accwacy at
any time the financial position of the ¢l￿rItable company and eDable them to ensure that the a¢wunts e￿iPty
with the CompaDies Aci 2W6. Thry are tho Ttspo￿8Ible fty safeguarthng the &ssets of the chazitable
company aDd the 8roup and IKn¢e for taki￿ tt•$￿*ble steps th¢ pr¢v¢ntion aDd dete£tion of fraud and
other ifftgularities.

Hackeryoung
Chgrterwj Accovntsnts
6 BrorAlfield C4M]rt
Broadfield Way
Sheffield
S8 OXF
INDEPENDENT AiIDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF
AUDACIOUS CHURCH
Oplnlon
We have audited the financial statements of Awlxious Clwrch (the '¢lwitable Com￿y} for the year ended
31 Ma￿h 2023 wbich cornprise the conso]idatd StsleMe￿ of Financial Activitie4 the paTent ststeMe￿ of
Financial Activities. the Consolidated Balance the parent BalaDC¢ SheeL the consolidated Sts*Jnent of
Si8nificaDt accouDtiD8 policies. The reporti￿ framework that beeD applied in their prymtion is
applicabk law and United Kingthm A¢wmting Standards. including FiDanci￿ Rwtitig Si¥ndaTd 102 The
Financial Rep(Jrting SiaFthrd applicable IA th¢ UK and Republic of Irela￿ (Ullited KiDgdom Grn¢TaUy
Accepted Accounting Pra¢tic¢).
've i true and fair view of the state of the wup and the p8rrnt clwitable cOm￿Y'S affairs &8 at 31
March 2023 and of its io¢oiw 4ylicatton OfTe￿ for the year then eDtsI"
B￿1$ for optslon
W¢ wnduct¢d our audit in acclYd￿ with IL*rnatioDal Staodoth on Auditing (UK) USAS (UK)) az
applicable law.
Jrsponsibilities for the audit of s¢¢tion of our re￿rt. We Are Indep￿Ddent of the clwitable compony
in accordance pith the ethi￿ re4wil￿ts that aT¢ r¢l¢vant to OUT audit of the a¢¢ounts in the UL iDcluding
the FRC'S Ethical Standart and w¢ bv¢ fulfiw our other ethical responsibilities iti 4¢¢ordan¢¢ with th￿¢
basis for our opinion.
Conclushm relating to going ctrjKern
In auditing the finallcial ststem￿ts, we bave CODchNled thal the trusttts. of the 80iD8 CODC¢rn basi5 of
Co[￿ltionS tknL individually or ¢olle¢tivety. may ¢ast significant doubt OD the chaTity'S ability to ¢Onli￿e as a
80iD8 ¢oncern for a peTiod of at le•st twelve months from Whe￿ the financial stakmthts are authorised for
issue.
OUT r¢spoDsibilitics and the rwThilIt￿S of the truskes with to going concern are de8cnW in the
relevant sectio￿ of thi8 rworL

Hackeryoung
Chartered *¢countsns
INDEPEIYDENT AUDTTORS. REPORT TO THE MEMBERS OF AiIDACIOUS
Other knforwtlon
witbin the aDDuaJ reporL OPiDioll OD the fitiancll￿ statements does not cover the other infonn*1￿ 40
except to the extent otherwise expli¢itty Stated in our r¢ixirL we do cxpress *Dy fonn of assur
other illformalioD is Mal¢TI￿lY iticonsirtrnt with th¢ financial slalements or ow knowledgc obtaine41 in th¢
course of the audiL or otbThix appegrs to be matuially Misst￿ If w¢ identify su¢b material
OplDlons on other matters PTescnlKd by the Comp*mks Art 2006
the infonnation given in the Tn￿. Report which includes th¢ DI￿(tors. Report Prepared foT the
fiDancial 5tatem¢llts: #Dd
applicabl¢ kyl TequiTem
Matten whkb we requlred to report by ucep¢itiA
In the light of the knowledge and under￿ of the clwity 8Dd its environ￿t obtained in the couzsc of
Teptht
We bave nothing to rep)Tl in respxl of the followm8 mattaS ID relation to whi¢h the Compatii¢s Act 21x16
requires us to reprt to you ic in our (ylliion".
from bron¢h¢s not visit¢d by ￿ or

Hackeryoung
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AUDACIOUS
CHURCH (Co￿)
Resp•Mslbllltleg of the trustee¥
As explained 0￿¢ fi￿ty io the ststement of tnLStees' re5wb11iti￿ the ts1￿￿e$. who Iwe also th¢ dir¢¢tors of
the charitable COD)pw for Ih¢ pwpw of c41mpaDy law, are tesponsible for the prep4r*ion of th¢ finwi41
stst¢ments and for beiDg satisfied that they give a tsue and fair view. •od for internal IxJntToI ￿ th¢
for assessing the cbty's abilty to c¢mliDue #s a goin8 Conce￿ disclosing. as a￿licable. matters related to
going concern aTMJ using the going concern basis of a¢¢outiting unkss the tsvstees either intend to bquidate the
Our obi¢¢tives are to obtsin re&sonabk assur8Dce about whether the fiDaDcid stalernents a8 a whole are free
opinion. R¢a5onable asslly￿ is a bi8b level of a$surn￿ but is not a guarwtr that ao audit wnthjct￿ ID
from fraud or error and are considered Mater1￿ ic individually or ID tb¢ aggTegate. thry could reasonably be
B&sed on our unda5taDdiDg of the clwity aDd the 5XtOT ID wbith il op¢r8tffj we idcntifi¢d th¢ pri￿ApA1 risks
of no￿￿0mPliance with law5 and ryu]atiOJL% related to the acts by the ¢barity. which wete contrary to
applicable laws and iDcluditig and we cotsside￿l the extent to which nonwcompiiance JDight
have a material effert on the fllJall￿ 5tstem¢nts. We 4180 considered those laws and reguhtions that have a
dire¢t impa¢t on the pryrntion of th¢ financial statemrnts sucb &$ the CompaDies Ad 20(￿. We evaluated
m4DagenMt's i￿¢￿tiveS and for frauthllent maDiPU]ation of the fiJ*n¢i41 statem¢ttts (incfvdll18
the Charitys net income forthe year.
they related to the fiDaDrial Sta*m￿ts. aud in testing of journ4Js and ¢voluating wh¢ther there was evidence of

Hackeryoung
INDEPENDENT AUDITORSI REPORT TO THE MEMBERS OF AUDACIOUS
CHURCH (CONTINUED)
compliance with laws and re8ula¢ions is from the ¢vents aTMI traD￿tIOnS refjectcd ID the fllwD¢ial swements.
the less lthely we would become aware of IL Also. the risk of not de*thitig a D￿tell￿ miss¢a¢ement to
64ud is bigber Iban th¢ risk of not detecting one resuliing from error. as fraud may involv¢ deliberatr
A fiuth¢r d¢suiption of our r¢spon￿￿lIIttcS is available on the FirffjKi￿ Reporting Cou￿11.5 w¢b$it¢ at
bttps:Ilwww.frc.org.uklauditorsrewbi]itieB. This dcscriptiOD forn* part of our auditofs T¢PQrt.
U* of onr report
the Part 16 of th¢ Coti¥vtii¢s Act 2W6. audit work IMS beeD 80 that we might state to the
¢lwit4ble compotty's n)¢mb¢rn thos¢ nuttus w¢ are Tequit&l to state to theJD ID *n #uditor's report and for tto
other To the fullut extent ￿MItted by law, we do Dot accW or assull￿ responsibility to 4Dyon¢
oth¢r than the clwitable COZDpany and the chuitable compw'8 memkn w a t4)ty. for ow audit worK for
this r¢poTL or for the OPiDiOnS we bave fonne
Mfj¢h*el Mt*llDg (Stnlor Siatstsry Audltor)
for and on behalf of UHY Ha¢k¢r Yo

AiIDACIOUS CEURCH
FOR THE YEARENDED31 MARCH 2•13
11130
254.740
1¢15.914
1401.193
1968.141
254,740
105.914
28j.on
283.073
Totsl
134.984
137fft70
4N91
103,766
Ctr*tithl¢a¢tiViti¢S
83.961
203918
532,384
949J12
s3￿￿2
204.837
410998
531384 949JV2
htr rec
Rtyaluation oftawThie
83.012
204.857
17W2J46
532,384 3234,730
F￿￿j b￿￿¢5 •t l April 2022

AUDACIOUS CHURCH
FOR THKYEAR ENDED 31 ￿cll 2•23
di
2•21
im651 358J
254.74
7&990
2.861￿1
254.740
71gXp
1396.898 56&948 1963,846
29J54
31.640
21,423
4.498
25,921
154
191.107)
2D3JI
iiuii
350ffj58
531384 883.012
lo4￿3?
350,658
532J84
813,042
85
531584 3.168J
204.837
1636,(#J6
It i W 2022
OI¥
b*l•Dres￿)I M•Tth 2011

AUDACIOUS CHURCH
CONSOLIDAIED BALANCE SHEET
AS AT 31 MARCH 2023
2022
ToDpWe Afxts
55565.91
5.680374
.164.474
086J
5.867.734
•me yur
11.156.085
11,105.902
than •)ne y
17
Net UBets
In￿rne fund•
45￿),654
4295.817
1946.973
3.017,720
5.651.846
5,722593
12

AUDACIOUS CHi]RCH
AS AT 31 MARCH 21123
2•22
TaD￿1)le ￿se18
5J2&764
5.680274
14
SJ*766
5.680276
Is
I2￿,118
1.154,694
5AW78
5.766.818
A6
35
10914,659
11,039J44
17
Inco￿¢
19
4￿￿.654
4295,8 J7
1925.694
3,017.720
J3

AUDACIOUS CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
Graw
2023
2022
504.879
964J74
IDVtsting
(114.842)
20
{199,950)
Net ¢ash {osed InyEeAerated frgm
194283)
(199,156)
iandng actlvitles
Repayment of bank loans
157
Net ¢uh ll8ed In f￿all￿DE ae¢Md
Net Illere￿¢ In *nd ¢a
eqllfv￿eDts
162208
608.433
Cash and cash equivalents at iwniDg of year
C*sh ea8h equfvAkAts ai end of yur
Ch*rfty
2022
C￿kn flowi from operAthig •c¢lvld
278269
828,904
lawchase of tsngible fixed &ss¢ts
tllvestDMt income
(69.362)
45
(199.950)
Net Lq$h g¢n¢rated froml(uMd in)
Inv¢stlng ¥dvlties
28,095
(128.869)
Flnanclng Kdvltles
Repayment of bank loans
248
88
157
Net IncreaBe ill and cuh equiv*k•ts
57.976
542,750
Cash and ¢qulval¢nts at rnd of year
14

AUDACIOUS CIIURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
AeeounthiE polkits
Company Informado
te8iStered offi¢e is Unit 6. Dm Crntr¢ Trinity W•y. Manchester, M3 7BB.
J.1 A¢¢oyntlHt ¢oAv¢DtIDm
of Associatio￿ the CompaDiCS Ad 2(1)6 •tsl -A￿0￿￿tIng Reporting by Chariti¢s: Statement of
Rwrting Stsrthrd •Fylicable in the UK and Republic of Ireland (FRS 102) (effective l JaDUary
2019)-. The cbarity is a Public Benefit as defined by FRS 101
The a¢¢thmts are prepared in wknich is the main futidion￿ ¢un¢w of the compgoy. Monetsry
The accouDts hav¢ prepared on the bisknical cost convention modifi¢d to inchth the rcvaluation of
freehold properti￿. The princip] accountiDg policies adopt&l are set out below.
12 Golng ¢on¢¢rn
IJ Cb*rh*bl¢ fund•
Unr¢stricted fimds are available for at the disu¢tion of the io furt1￿ of their ¢barilable
objKIivc8 UD]ess the funds have bceD dcsiguatcd foT othcr purpos¢8.
Restricted fimds are subject to wific ¢oTrlilions by donors as to how tkny may be use4L ThB pLuposes
and us¢s of the restricted funth are set out ID the not¢5 to the acc4wnts.
rec¢ivabl¢. exwt insofar os they are iDcapabl¢ of financial rne&w￿L Inc￿e resources are
Services provid¢d by vohmteet$ 8r¢ Thx quantifiabk and are not s￿l￿ded in the financial
slatements.
receivable.
Turnover 18 measured at the flir vahw of the ¢ODsideration rerxived or teceivable and T¢pr¢seDt8
amounts re¢eivable for goods and 5¢rvitu provided in the nomwl ¢ours¢ of business.
15

AUDACIOUS CHURCH
NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
R¢sourtts ¢xp¢lld¢￿ i0¢h￿1ve of inecoverable VAT, are Rcogwsed in th¢ y¢ar iti Tthich thry ar¢
1.6 Twlble *u¢ts and dqDredRtlom
Tangible fixed assets aye initialty Meas￿ at *uenily DKaSUr￿ at cost or valuatio4 net
of depreciation aDd any losses.
De￿iltiOn is provided at r*tes c8l¢ulat¢d to write off the cost of fixed asscts, lem their e81ima
residual value, over their eXp￿ted useful liv￿ on the following basis:
Freehold land and ￿llI￿ngS
2% $ts4ight line
Over th¢ remai￿ period of the lease
strjight linen3% straight line
Prrxeeds •Dd the carying valu¢ of the as%L aDd is rec0gllis￿ in Det Iti¢ornel(eXp￿dlluYc) for th¢ yw.
1.7 Kxed ￿8¢1 Investwots
subseq¥Mitly n￿8$￿Ted at hir valu¢ at each reportiDg date. Cbanges iti fair value are re• ID net
A subsidiary is ¢ntity rAthlled by the cojnpaDy. Control 18 the power to govern th¢ f￿￿ClaI and
IJ Impalnneut of fised wets
At each rqjorting end date, the c]wity Teviews the Carrying amounts of its tsngible and intaDgThi le ass¢ts
to deterniine whether there is any iDdication that those have suffered an imp&irni¢nt loss. If 8Dy
5ucb indication exiN the recovathle amount of th¢ •s*t is ¢stin)￿ ID othr to determi￿ the extent
of the impairment105s, if any.
16

AiJDACIOUS CHURCH
IYOTES TO TEE FINANCIAL STATEMENIS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
IJ Impairment Orr￿ed *•Rts {eODthiued)
ReCoVe￿bIe amount is the of fair value less wsts to sell and vahje in use. Ill assessiDg value
, the C￿lM￿led future flows are discounted to their present value using a pre.tax discoutit rale
that reflects Current m*ket assesso￿ts of th¢ time value of money and the iysks wific to the as8¢t for
ID Incon￿(eXp￿1t￿c) for the year. UDle5s the r¢levaDt •S8et is Ca￿l¢d at a r¢v8hwd in which
ceased to apply. Where ID itllpairmeDt h)8s subsequently reverses, the cawiDg •mOUDi of the 8sset 18
¢08tiised for the Ossrt in prior years. A reversal of aD impairmettt loss is Y¢¢ogtiis¢d imm¢diately.
UDless the relevant asset is ca￿led in at a ￿￿hled ill which ¢u¢ th¢ rn¢rsaJ of the impairment
1.9 Stoeks
Sto¢ks are ststed 4t th¢ lower of ¢ost and estin￿ se]]iD8 wice leys ¢osts to Mmpl* 8¢11. Cost
Net rea]isable v4h* is the eMimated seUi•g prA¢¢ all cstimated costs of compl￿]0# and ¢08ts kn be
1.10 L¢wlDg •Dd lth purclmse cornllthments
Rentals payable UDder operaling lease5 are Ch￿ged •g•in8¢ incom¢ on a straighi line bHsis i>ver the
pBriod of the lease.
1.11 Pe*slon8
1.12 B•sts of ¢onsolldation
1.13 C*sb and cayh equlvalents
Cash and ¢a5b cquivalents ill¢lude in h•rf deN￿lts held at call with banks. other short.terni liquid
1.14 Fln*Dclal Ins¢n￿ellts
The company ele¢trd to apply th¢ provisions of Section 11 'B&sic Financial tnstnmients. at
Section 12 '0ther Fina￿la] Instrrnts Issues. of FRS 102 to all of its financial Ilkstn￿¢llts.
17

AUDACIOUS CHURCH
NOTES TO THE FINANCIAL STATEMEN]S (CONTllYUED)
FOR THE YEAR ENDED 31 MARCH 2023
1.14 IA#rnmeDts (eonthped)
Fill*￿141 wets offs¢L with th¢ nct •mouots presentrd in tbe ac¢onDts wben there is a legally
rtslise the asset and settle th¢ liability simultaneously.
Ba
finanelal
FinaDcial assets, other thaD those beld at fair value thrwgh income and exFnditure. are assessed for
evidence th8L 88 8 rnujt of one or moff events that cKcutred after tbe inilial recognition of the financial
present value of the tstimated cash flow5 di5COUDted at the asset's original ¢ffe¢tiv¢ int¢r¢st ra*. The
If there is a de¢r¢a8e iti the impai￿( loss arising from an event occurring after the impairtDent was
Fitititicl￿ assets aTe de[￿OgnISed onty wben the contr8¢ts￿l rights to the c&%h flows from the a81et
expire or settle& or when the chariry transf¢rs the financial ass¢t and substantially ail the Tisks And
rctsiti￿ but Control of th¢ ￿$¢t has tr￿$re￿ta to another party that 15 able to sell the &88et iti its entirety
to on unrelated third paty.
BASIC hbllldes
Basic financial liabilities. inc1￿lIng trnd¢ aDd other pay8ble& are initially rew￿lsed at tr8os¥Aion prTrc¢
Unless the aTTangemeni COD￿]￿ a fiDan¢iDg ir4Dsactlo￿ where the debt inslnm)eDt is Measur￿ at th¢
subsequeDtly carried at amortisatiOD cosL USiDg th¢ efft¢tiv¢ itit¢r¢st r* m¢thod.
Trade payables ate objigatiotis io pay for or seryiLw that hwe been awllTed in the ordinary
Course of operations from suppliets. Accounts payable aTr ctsssifi¢d as current liabilities if pa￿llellt 1$
due withiti one year or less. If noL they are prts¢ttted &s nonthcurrent li*bi]ities. Trade payables are
reCo￿lsed illitially at tra￿$aCtiOn PTi¢e attd subsequcntly Measu￿ at amortiS￿ ¢ost using tbe ¢ffective
18

AUDACIOUS CIIURCH
NOTES TO FINANCIAL STATEMENfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1.15 Employee benefits
The cost of any holiday eDtitlallcDt is rewised ID th¢ in which the employee'5 seTvi¢e8
Jn th¢ 4ylicatiott of the ¢bOTity's aw)untiDg policie4 the dtre¢ts￿ att required to make judgements.
timatr8 and aSsW￿tio￿ about the canying Imoutti of 8nd liabihties that are not readily
th•t perio￿ or in the pffi￿￿ of th¢ r¢vision and future wiods vAffte the revision affects both ¢urrcnt and
ture periods. There are no j￿eMellts OT e8ti]Da*s which have a Si8Dificant risk of ¢ausing mat¢ri
adiustinent to the canying amount of &8sets and liabilities.
funds
fulld8
2023
fuDds
2022
1591594
17.536
358JIW) 2.950.894
17,536
2J85.626
566948 2,952574
Coronavirus job
funds
2023
ruthd8
2022
2.504.651
358J(X1 2.862951
2J85,626
566948 1952,574
coronavin￿ job
li
19

AUDACIOUS CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Co￿)
FOR THE YEAR ENDED 31 MARCH 2023
Group & Charhy
2023
2022
Gronp
2023
2922
Eadeavour Worldwide Limited
Avdacious Publishing Limitrd
318.489 207.711
7.626
Ch•rlty
2023
2•22
Sales of resow
Gro
2•23
2022
2023
2022
10.0
10.000
66.898 60287
Interest receivable

AUDACIOUS CHURCH
NOTES TO THE FII¥ANCiAL STATEMENTS (Co￿)
FOR THE YEAR ENDED 31 MARCH 2023
Gro
rund8
fuDds
fwid$
2022
Fundraisin
Advertising
4.498
4,498
EDdeavour WoTldwide Ltd 89.548
Audacious Pubiisbing Ltd
15.882
s￿¢$ of resouff
75.904
75904
15.882
RaiSiDg fuDd8 include paymeDts to the audikn of Q629 (2022: £1.970) for s¢rvic¢s not Connected
fum
Dds
funds
2022
Advertising
4,498
4,498
21

AUDACIOUS CHURCH
OTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Cb*rltabk 2ct6vib
St8ff ¢4rt8
1249251 1.096.813
222.872
203.430
627J58
303.950
121522
70.454
12492$ J 1,096,813
222,872
203,430
622,697
303,950
121,522
70.454
Cburch d¢partments alld eV￿ts
Hospitality
Otber costs
2J31881 1,736,415
2J28220 1,740.415
Grant fundin8 of a¢tivitie5 (Ke note 9)
75.143
70,378
85.143
70.378
Slwe of support costs (see note 10)
Share of govanutt Msts (sc¢ notc 10)
811926
505.191
732580
505,191
UDTestricted fuTMIs
3.mJ98 2285208
2.997.391 2,285208
15
152
30 066 ￿96
Grants payable
Cb*rity
2022
2023
2022
Grnits to In￿lti￿lOns {5 grants):
King of Kings Chwch
IJ05
1793
55.IKKI
1.163
2.855
45.000
1.305
2.793
55.(kn)
1.163
2,855
45,(KM)
Tearfund
.127
8,127
Aud￿10￿$ Church Switsland
8.412
8,412
67225
60.430
77225
60.430

AUDACIOUS CHURCH
FOR THE YEAR ENDED 31 MARCH 2•23
IO Supportuqts
254.471
13.120
254,471
13.120
1fi649
1626
83.617
141ffi49
L626
83.617
IA8biandhe
1144
5.146
11941
61965
8261
8261
21710
140J52
31C*)I
.743
61537
&123
5,146
11941
68,965
16,180
41.228
42J07
TAvtlJth8
140J52
31f•J%
60.743
6U37
&123
41228
AuditfeeÈ
744
¢￿ti￿bk
£4.750)forolherseThiL*

AUDACIOUS CHURCH
10
345,119
16,649
13,617
345.119
16.149
83.017
2$4J7l
254.471
48.68
2.144
5,146
12.941
1144
5.146
11941
8261
21.813
8361
Teitybortt8odf&x
Ttav¢IIth8
1.1 1.1
114.701
16,701
114.701
1&701
JJ60
54
6&965
1&180
41328
68.965
16,180
41228
42J07
62J54
Auditf
744
Lthtitsble actiirytsra
£4.75Qlts)thtrstiryit

AUDACIOUS CHI￿cH
IYOTES TO THE FINANCIAL STATEMENTS (coNfiNUED)
FOR THE YEAR ENDED 31 MARCH 2023
G BarretL r¢ttiv¢d ¢nwhun¢nts of £70975 {2022: £75250) during the year for bis services to the
¢burcb and bos ￿lti)bUt10￿ paxl of £3,701 (2022: £3.701). His wife S BaTTet¢ is also an
employe¢ of the thU￿h and received emoluments of £62.958 (2022: £65.752) and bad pension
¢oLtributiolls paid of Q921 (2022: £2,921). Their ¢bi]dro G Ban￿ and J BalletL also employees
of the ¢lwrth and received emOhllDU￿ of £71 (2022: thil) and £1.714 (2022: £nil) rewtivety.
S A Keir bad pension c4>nti1butic￿ pid of £6￿ (2022: £6(K)). His dau8bter, M W, is also an
¢mploy¢¢ of the church and re<¢ived emolumeots of £20.060 (2022: £18.230) aDd Iwl pension
Dtnl>utioos of £588 (2022: £389). His SO￿ E Keir. 15 also an employee of the churcb and
received emoluments of £2289 (2022: £137).
enY)1￿ of £55 (2022: £Ail) the year.
12 Employe
umber of employ
The avmE¢ number of employc¢s thlling the yearvA8:
2023
N•wb¢r
2022
Number
2023
2022
Number NMmb¢r
Tnthes of Atylacio￿ Church
55
52
51

AUDACIOUS CHURC
2•12
1.138944
103,071
24,788 988593 1.013,381
22￿ W50
84.750
2J94
Wws *ttd salarie4
i.liZJ03
ICQ.6
988J93
82,550
£*￿.(th to£69,999
£70.(th t(*£70.999

AUDACIOUS CHURCH
NOTES TO ThE FllYANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 T•npThle r￿ed •Mets
Crottp
TolAI
l￿d
Co
At l April 2022
5280,LWJ
261.9)7
1271.422
6.813.329
At 31 M4T¢h 2023
D*prethth)m and ImpalrmeAI
At l ApTiI 2022
103.766
i.In9289
1.133.055
105 574
At 31 MaT¢h 2023
Carrying •mou*t
At 31 Mar¢h 21Y23
At 31 M•r¢h 2022
Frvhold
l*nd
I￿￿ebO1d fi¢¢iDp &
b•lldlMy illyrovemmts equlp•MIt
Totsl
At l Apri12022
AdditioDS at cost
At 31 MaTch 2023
5280.IXKI
261.907
J269,183
6,811,090
At l April 2022
103,766
26 348
1.027.050
1.130.816
222 872
105 574
At 31 MaTth 2023
C#rrylng amount
At 31 MaTcb 2023
At 31 March 2022
27

AUDACIOUS CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 TanObk fred *uets (coD¢itiued)
The church's freehold land and buildiD8S We￿ externa]ly revalued at £5280,(XX) at tbeir open nwket
volu¢ In April 2022 by Roger Hannaty Charlercd Swv¢yots. The tr￿8￿¢5 are of the opinioo that the
w•h￿ ot 31 MaTch 2023 would not sigwficantly differ fmm this valuati
All the cllluch's fred￿￿1 laDd and buildings are subittt to a mortgage Ivith the bal￿¢¢ ow¢d at 31
March 2023 *no￿tIng to 18•A (2022: 22 Y•) of their net book vakn￿.
CoMp8Y*ble bIthr￿ cost for the l•nd •nd b￿1 Included •t vthailoD:
Gronp & Charity
2022
3201,298 3201298
At 31 MaT¢h 2023
Cb*rlty
2023
2022
At l April 2022 and 31 Marcb 2023
FIX￿ a&8et itives1m￿ reime8￿t the of shar¢s held in Endeavour Worldvjide Limited and

AIIDACIOUS CHiJRCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 D¢bto
202J
2023
22
TJade debtors
53,184
81475
26.864
27.950
38.466
35258
998
Other debtors
1.626
16 cr￿at￿n. *mounts f*lllDg due wl¢hln M¢ y
cknrfty
2•22
2022
151.145
83.705
44.379
93940
59.915
J61.837
63225
37.641
113,952
41184
151.145
77,868
28,023
120.604
50.737
161.837
61.196
23.061
113.952
24,237
Accru￿8
17 Credlt•r&" am•unts falury dn¢ after more than otte yt*r
Group & Chxrlty
2023
2022
Mortgage and loan
A•*lysh ofmorttagt l•*n
Not wI￿lty r¢payable within fiv¢ years by itistalments
Wholly T¢￿y￿ble within fiv¢ y¢us
129.063
327.979
934.583
1.182.971
Debt Ikn in on¢ yw or I¢s5
151.145
155.222
499.153
161,837
166,293
526,862
327
In more than five years
The mortgages are 8eoued by 8 legal ¢baTg¢ h¢ld over the freebold pr(4xty owned by th¢ clwity.
29

AUDACIOUS CHURCH
NOTES TO FINANCJAL STATEMENTS (co￿u￿D)
FOR ThE YEAR ENDED 31 MARCH 2023
18 PeDslon other pWt.redrem￿I benefrt
Ch*rlty
2023
2022
2023
2•22
c00th￿tiOnS payabk by the 8roup
and ¢h8rity for the year
The 8rw? operntes a defined Contribution pension sclKme. The assets of the schall¢ 8r¢ h¢ld separately
con1n￿l008 p8yabl¢ by the group to the fiuuL

AUDACIOUS CHURCH
31 2013
51ffi13
515J35
21J47
14.498) 4274370
135DJ
204rn17
23.686
4476968
3.763.433
(331
ViiioDOff¢ringCbE8t¢r
(4.178)
IOJ64
3.035
647
336
13J50
Bigctve
31

AUDACIOUS CHURCH
FOR ThE YEAR ENDED 31 MARCH 2023
2•22
Tgw7Jle fiAed &%t¢ts
5J56J91
IX•8.840
SJ50591
SJ99.4Y
5MO,274
5ffj80,274
i.l29.8ll 4295J17 5.425.628
T￿￿ble
SJ26.764
5324764
SI8OX14
5.680274
8¥1239
4yP).6Y 5J87A93
i.(￿￿.45] 4295.817 5J59268
31

AUDACIOUS CHURCH
NOTES TO THE FllYANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
20 Anaiylb of net *#et• between fund# (e•nthi•ed)
Grgup amd Ch￿ty
Total
ods
On taa8ibk fixed assets
2 704 893
. Unr¢alised 88ins at J April 2022 and 31 March 2023
21 Operadng leue
payments under non-can¢¢llable opu•tmg whi¢h fall due as follows:
Group
2023
Within one year
173.H8
88JiO
21
173.448
136975
78,620
723
33

AUDACIOUS CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTJNUED)
FOR THE YEAR ENDED 31 MARCH 2023
Remun¢r*tk*n of key W•AEemeot penonnej
The remunerntion of key managern￿ petsoDneL none of whom wue InLSt¢es, is as follows.
Group & Ch*rlty
2023
2•22
The trustees review p4ymeDts m•de to employees in similar mallageTi￿ positions in other ¢hurc]Ks and
similar IrgaDisatioDs when ￿10¢11￿8 the l¢vels of pfty for key uwers. The trustees also tsk¢ into
COD5idcTrtion the •bi]ity of the ¢lwitsbk ￿)mP￿Y to be able to pay such salarA¢S.
S A Keir and G BwTetL of the were also tsustees of Live Audxiou& t¢wtued clwity
number 1108799. During the year Athious ChuT¢h opcrnted • loan account with Live Audaci￿ At
31 ma￿h 2023 Live Audacious owed Audacious Clwrch £nil (2022: £998).
S A Keir aud G Barret4 tDJ5tees of the churc￿ w¢re also ffi￿eeS of A￿lOUS Foutsdatioffj ffpstered
clwity Dumber 1173786. lknitig the year Audacious Chutch opuated 4 loan a¢¢ount WAth Avdacious
FouDdatiott. At l April 2022. Aud&ciow8 Foundation owed Athious Chw¢b £62.441. Dwing th¢ year,
expense8 paid n¢1 of any ID¢￿ rK¢ived thitslied £1,760. At 31 March 2023. Audacio￿ owed
Audacious Foundation £60.681.
Subsldiarl
Authiow Church OWDS l(xfA of thc sbar¢ capitsi of Etsdeavour Worldwide Limit&l a trathg
chur¢h pr¢mis¢s and its principal activity is the provision of c4r porking. At 31 March 2023 the net
8ssets of End¢avour Worldwide Limited were £2l8.402 (2022: £65.834). Its turnover for the year ended
31 March 2023 was £318,489 (2￿2. £207.71]) and other Incon￿ t(*alled £Di] {2022: £4295). Its totsl
were £99.548 (2022: £85.W) l¢aviDg a profit IOT the year of £218941 (2022:
£126,102) before gift aid donalioDS to the pamt charity.
wbich Eetterntes futyjs for the ¢hur¢lL Audacious Pub]ishmg Limited operntes fmn the chw¢h premise$
and its wincipal activity is musi¢ s•Jes 8Dd obtaining royalties. At 31 Marcb 2023 the net assets of
Audacious Publisbin8 Limi*d were £1.745 (2022: £5261. Its tsllnover for the year ende4J 31 M8Tch
2023 was £7,626 (2022: £1.783) ond other income totalled £IO.(AKI (2022.. £683). Its total resout¢¢8
expended were £15.882 (2022: £1.941) kaving a plofit for the yetr of £1,744 (2022: £525) b¢ft)re gift
aid donations to tbe pare￿ ¢hwity.
On 3 March 2022. Audacious Chw¢h ueatrd and controls Audacious Switserland Association. 8 ¢bur¢h
coiiwgalioD mediDg iti Gett￿ Switzerland This is a separate legal entity iti SwitrerlaDd and has a
year ettd of 31 De¢emb¢r. At 31 December 2022 the net assets of Audaciou5 Switrerl4nd Association
were £21,281 (2021.. £nii), its total iD¢ome resou1￿$ for the year weTe £129.720 (2021: £tiil) and its
total re50UTces expended were £108,439 (2021.. £tiil). The n¢t iDu¢ase in funds in tbe year was £21,281
(2021: £nil).

AUDACIOUS CHURCH
IYOTES TO THE FINANCLIL STATEMENTS (col￿UED)
FOR THE YEAR ENDED 31 MARCH 2023
Cash geDergted
Group
2022
2023
2022
Surplus for the year
287,879
949J82
1118JO
883.042
Adjustments for.
of fitsattcial activiti
Depre¢i4tion 9￿j of tsngibl¢
fixed assds
(20559)
(97,457)
(71.081)
238525
203.430
222N2
203,430
3232
(56.644) (219212)
3232
(45.484) (187.405)
(In¢Teaseyde¢rease in debtths
25 Allatyth of ehangtt kn md fuxds
Asat
31 M*reh
Cuh 202J
l Aprll
2022
4.703260
162208 4.865.468
ow falling within rn¢ )
LoaTh8 fa]linB after more than one year
(161.837)
10,692
(151,145)
l Aprll
31 Mareh
2022 Cath 11gws 2023
4,611124
57.976 4,670,1(x)
LoaDS falliog due within 4)ne y¢ar
LoaDS r￿ling aft¢r more than on¢ yur
{161,837)
1 ￿21 134
10,692
(151,145)
35