||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|8|
|Report ofthe Independent|Auditors|9|to|10|
|Consolidated
Statement|of Financial Activities||||
|Consolidated
Balance Sheet||12|to|13|
|Consolidated
Cash Flow|Statement||14||
|Notes to the Consolidated|Cash Flow Statement||15||
|Notes to the Consolidated|Financial Statements|16|to|27|
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||||||PERIOD||
|---|---|---|---|---|---|---|
||||||1.7.21||
||||||TO|YEAR ENDED|
||||||31.1222|30.6.21|
||||Unrestncted|Restricted|Total|Total|
|||Notes|funds
f|funds|funds
f|funds|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||1,210,177|374,692|1,584,869|1,018,672|
|Charitable
activities|||||||
|Direct Charitable
Activities|||31,557|28,794|60,351|76,392|
|Other trading
activities|||76,193||76,193|41,197|
|Other income|||6,514||6,514|123,768|
|Total|||1,324,441|403,486|1,727,927|1 260,029|
|EXPENDITURE ON|||||||
|Raising funds||5|56,338||56,338|76,606|
|Charitable
activities||6|||||
|Direct Charitable
Activities|||1,363,024|342,588|1,705,612|1,062,293|
|Total|||1,419,362|342,588|1,761,950|1,138,899|
|NET INCOME/(EXPENDITURE)
Transfers
between funds||20|(94,921)
77,410|60,898
~77,410)|(34,023)|121,130|
|Net movement
in funds|||(17,511)|(16,512)|(34,023)|121,130|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||378,835|455,981|834,816|713,686|
|TOTAL FUNDS CARRIED FORWARD|||361,324|439,469|800,793|834,816|
||||||31.12.22||30.6.21|31.12.22|30.6.21|
|---|---|---|---|---|---|---|---|---|---|
||||Unrestncted|Restncted|Consohdated|Consolidated||Total|Total|
||||funds|funds|Total
funds|Total|funds|funds|funds|
|||Notes||||||||
|FIXEDASSETS||||||||||
|Tangible assets||13|407,866||407,866||421,996|403,088|415,699|
|Investments||||||||||
||||407,866||407,866||421,996|403,089|415,700|
|CURRENT ASSETS||||||||||
|Debtors|||35,289|11,987|47,276||62,771|52,414|71,982|
|Cash at bank and|in hand||211 139|433,043|644,182||679,649|631,740|668,423|
||||246,428|445,030|691,458||742,420|684,154|740,405|
|CREDITORS||||||||||
|Amounts
falling due within one
year||15|(74,901)|(5,561)|(80,462)||(61,202)|(73,650)|(72,911)|
|NET CURRENT||||||||||
|ASSETS/(LIABILmES)|||171,527|439,469|610,996||661,218|610,504|667,494|
|TOTAL ASSETS|LESS|||||||||
|CURRENT UABILITIES|||579,393|439,469|1,018,862|1,083,214||1,013,593|1,083,194|
|CREDITORS||||||||||
|Amounts
iaging due aRer more
than one year||16|(218,069)||(218,069)|(248,398)||(205,269)|(228,193)|
|NET ASSETS|||361,324|439,469|800,793||834,816|808,324|855,001|
|FUNDS||20||||||||
|Unrestricted
funds|||||361,324||378,835|368,855|399,020|
|Restricted funds|||||439,469||455,981|439,469|455,981|
|TOTAL FUNDS|||||800,793||834,816|808324|855,001|
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|||||PERIOD||
|---|---|---|---|---|---|
|||||1.7.21||
|||||TO|YEAR ENDED|
||||Notes|31.12.22
f|30.6.21
f|
|Cash flows from|operating|activities||||
|Cash generated
from operations
Tax paid||||52,550
~112|222,180
~14,917)|
|Net cash provided|by operating
activities|||52,438|207,263|
|Cash flows from|investing|activities||||
|Purchase
oftangible fixed assets||||~60,825)||
|Net cash used
in|investing|activities||~60,825)|~44,954)|
|Cash flows from|financing|activities||||
|New loans
in year|||||74,000|
|Loan repayments|in year|||(45,055)|(15,481)|
|Interest||||17,975|10,763|
|Net cash (used in)/provided||by financing|activities|~27,080)|69,282|
|Change
in cash|and cash|equivalents|In|||
|the reporting
period
Cash and cash equivalents||at the||(35,467)|231,591|
|beginning
ofthe|reporting|period||679,649|448,058|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||644,182|679,649|
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|||||||PERIOD||
|---|---|---|---|---|---|---|---|
|||||||1.7.21||
|||||||TO|YEAR ENDED|
|||||||31.12.22
f|30.6.21
6|
|Net (expenditure)/income||||for the reporting|period (as per the Statement|||
|of Financial
Adjustments|Activities)
for:|||||(34,023)|121,130|
|Depreciation|charges|||||74,528|44,585|
|Loss on disposal offixed assets||||||427||
|Decrease
in debtors
(Decrease)/increase||in|creditors|||15,607
~3,989|31,089
25,376|
|Net cash provided||by|operations|||52,550|222,180|
|ANALYSIS|OF CHANGES|||IN NET FUNDS||||
||||||At 1.7.21
6|Cash flow
f|At 31.12.22
f|
|Net cash||||||||
|Cash at bank and
in||hand|||679,649|~35,467|644,182|
||||||679,649|~35,467)|644,182|
|Debt||||||||
|Debts falfing
Debts falling|due within
1 year
due after 1 year||||(16,794)
~248,398|(3,249)
30,329|(20,043)
~218,069|
||||||(265,I92)|27,080|(238,112)|
|Total|||||414,457|~8,387)|406,070|
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|DONATIO|NS
AND LEGACIES|||
|---|---|---|---|
|||PERIOD||
|||1.7.21||
|||TO|YEAR ENDED|
|||31.12.22
f|30.6.21
f|
|Gifts and|donations|1,584,869|1,018,672|
|OTHER TRADING ACTIVITIES||||
|||PERIOD||
|||1.7.21||
|||TO|YEAR ENDED|
|||31.12.22|30.6.21|
|||f|6|
|Catering||9,993|185|
|Hire oflacilities||40,901|1,247|
|Room hire||380|125|
|Rental income||7,500|3,750|
|Media income||16,061|35,890|
|Wedding|income|1,358||
|||76,193|41,197|
|INCOME|FROM CHARITABLE ACTIVITIES|||
|||PERIOD||
|||1.7.21||
|||TO|YEAR ENDED|
|||31.12.22|30.6.21|
|||Direct||
|||Charitable|Total|
|||Activities
f|activihes
6|
|Charitable|activities|52,965|13,574|
|Grants||7,386|62,818|
|||60,351|76,392|
##
##
|INCOME FROM CHARITABLE ACTIVITIES - continued|INCOME FROM CHARITABLE ACTIVITIES - continued|INCOME FROM CHARITABLE ACTIVITIES - continued|INCOME FROM CHARITABLE ACTIVITIES - continued|INCOME FROM CHARITABLE ACTIVITIES - continued|||||
|---|---|---|---|---|---|---|---|---|
|Grants received,|||included|in the above, are as follows:|||||
||||||||PERIOD||
||||||||1.7.21||
||||||||TO|YEAR ENDED|
||||||||31.12.22|30.6.21|
||||||||6|6|
|National
Heritage|||||||992|(6,674)|
|Ground
Level|||||||2,213|37,727|
|Stewardship||Funding||||||31,765|
|Kickstarter|||||||4,181||
||||||||7,386|62,818|
|RAISING FUNDS|||||||||
|Other trading||activities|||||||
||||||||PERIOD||
||||||||1.7.21||
||||||||TO|YEAR ENDED|
||||||||31.12.22|30.6.21|
||||||||6|6|
|Purchases|||||||11,357|5,932|
|Staff costs|||||||24,338|56,113|
|Telephone|||||||61|344|
|Post and stabonery|||||||1,056|33|
|Advertising|||||||1,252||
|Insurance|||||||687|421|
|Repairs and|renewals||||||144|88|
|Travel'|||||||29|738|
|Sundries|||||||279|458|
|Equipment|leasing||||||15,163|11,599|
|Bank charges|||||||731|123|
|Credit card|charges||||||49|234|
|Bank loan interest|||||||765|523|
|Loss on sale||ofassets|||||427||
||||||||56,338|76,606|
|CHARITABLE ACTIVITIES COSTS|||||||||
||||||Grant||||
||||||funding|of|||
||||||activities||Support||
|||||Direct|(see note||costs (see||
|||||Costs
6|7)f||note 8)
6|Totalsf|
|Direct Charitable|||Activities|1,302,513|127,352||275,747|1,705,612|
##
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##
|GRANTS PAYA|BLE|||||||
|---|---|---|---|---|---|---|---|
|||||||PERIOD||
|||||||1.7.21||
|||||||TO|YEAR ENDED|
|||||||31.12.22|30.6.21|
||||||||6|
|Direct Charitable|Activities|||||127,352|79,192|
|The total grants|paid to insbtutions||during|the period was as follows:||||
|||||||PERIOD||
|||||||1.7.21||
|||||||TO|YEAR ENDED|
|||||||31.12.22|30.6.21|
|Ground
Level
Otherlnstitutions
Betel Britain||||||25,200
850
12,000|16,800
4,772|
|Acts Trust
The Bridge Church||||||66,300
2,000|46,650|
|The Tear fund/ Cambodia
Partnership
Compassion
UK Wymondham||||||4,083
504|10,000
346|
|Christians
Against Poverty|||||||500|
|Butterflies
The Shed||||||5,031
345|124|
|Ritsona Camp||||||650||
|Open Doors||||||7,000||
|||||||123,963|79,192|
|The total grants|paid to individuals||dunng|the penod was as follows:||||
|||||||PERIOD||
|||||||1.7.21||
|||||||TO|YEAR ENDED|
|||||||31.12.22|30.6.21|
|||||||6||
|Other Individuals||||||3,389||
|SUPPORT COSTS||||||||
|||||||Governance||
||||||Other
6|costs
f|Totals
f|
|Direct Chantable|Activities||||255,286|20,461|275,747|
##
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##
||||||PERIOD||
|---|---|---|---|---|---|---|
||||||1.7.21||
||||||TO|YEAR ENDED|
||||||31.12.22
f|30.6.21
f|
|Auditom'|remuneration||||3,500|3,500|
|Auditors'|remuneration||for non|audit work|15,738|11,114|
|Depreciation||—owned assets|||74,528|44,585|
|Deficit on|disposal offixed assets||||427||
|TRUSTEES'||REMUNERATION||AND BENEFITS|||
||||||PERIOD||
||||||1.7.21||
||||||TO|YEAR ENDED|
||||||31.12.22|30.6.21
f|
|Trustees'
Trustees'|salanes
social security||||68,761
5,980|45,541
3,858|
||||||74,741|49,399|
##
##
||PERIOD||
|---|---|---|
||1.7.21||
||TO|YEAR ENDED|
||31.12.22|30.6.21|
|Staff|43|41|
|No employees
received emoluments|No employees
received emoluments|in excess of660,000.||||
|---|---|---|---|---|---|
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
||||Unrestncted|Restricted|Total|
||||funds
5|funds
f|fundsf|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies|||752,576|266,096|1,018,672|
|Charitable
activities||||||
|Direct Charitable
Activities|||6,956|69,436|76,392|
|Other trading
activities|||41,197||41,197|
|Other income|||123,768||123,768|
|Total|||924,497|335,532|1,260,029|
|EXPENDITURE ON||||||
|Raising funds|||76,606||76,606|
|Charitable
activities||||||
|Direct Chantable
Activities|||848,215|214,078|1,062,293|
|Total|||924,821|214,078|1 138,899|
|NET INCOME/(EXPENDITURE)
Transfers
between funds|||(324)
86,016|121,454
~86,016)|121,130|
|Net movement
in funds|||85,692|35,438|121,130|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward|||293,143|420,543|713,686|
|TOTAL FUNDS CARRIED FORWARD|||378,835|455,981|834,816|
##
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||||Fixtures|
||Freehold|Plant and|and|
||property|machinery|fittings|
||6|6|6|
|COST||||
|At 1 July 2021|1,036,750|312,237|157,443|
|Additions
Disposals|15,017|41,728|~700)|
|At 31 December 2022|1,051,767|353,965|156,743|
|DEPRECIATION||||
|At 1 July 2021|704,584|253,944|142,962|
|Charge for year
Eliminated
on disposal|22,523|35,435|8,355
~273)|
|At 31 December 2022|727,107|289,379|151,044|
|NET BOOK VALUE||||
|At 31 December 2022|324,660|64,586|5,699|
|At 30June 2021|332,166|58,293|14,481|
||Motor|Computer||
||vehicles
f|equipment
f|Totals
6|
|COST||||
|At 1 July 2021|12,428|75,232|1,594,090|
|Additions
Disposals||4,080
~5,176)|60,825
~5,876)|
|At 31 December 2022|12,428|74,136|1,649,039|
|DEPRECIATION||||
|At 1 July 2021|10,445|60,159|1,172,094|
|Charge lor year
Eliminated
on disposal|1,050|7,165
~5,176)|74,528
~5,449)|
|At 31 December 2022|11,495|62,148|1,241,173|
|NET BOOK VALUE||||
|At 31 December 2022|933|11,988|407,866|
|At 30June 2021|1,983|15,073|421,996|
##
|14.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||31.12.22|30.6.21|
||||||||6|
||Trade debtors|||||6,305|10,188|
||Other debtors|||||6,338|18,062|
||Tax|||||34,633|34,521|
|||||||47,276|62,771|
|15.|CREDITORS; AMOUNTS||FALLING DUE||WITHIN ONE YEAR|||
|||||||31.12.22
f|30.6.21
f|
||Bank loans and overdrafts||(see note 17)|||20,043|16,794|
||Trade creditors|||||7,738|147|
||Social security and other||taxes|||10,849|11,934|
||Other creditors|||||41,832|52,327|
|||||||80,462|81,202|
|16.|CREDITORS: AMOUNTS||FALLING DUE||AFTER MORE THAN ONE YEAR|||
|||||||31.12.22|30.6.21|
|||||||6||
||Bank loans (see note 17)|||||218,069|248,398|
|17.|LOANS|||||||
||An analysis
ofthe maturity||of|loans is given below:||||
|||||||31.12.22
f|30.6.21|
||Amounts
falling due within||one year on demand:|||||
||Bounce backloan|||||14,800|11,701|
||Grantham
Loan account|||||5,243|5,093|
|||||||20,043|16,794|
||Amounts
falling due between|||two endive|years:|||
||Building Loan account|||||39,546|59,681|
||Grantham
Loan account|||||24,412|23,410|
|||||||63,958|83,091|
||Amounts
falling due in more than five years:|||||||
||Repayable
by instalments:|||||||
||Bank loans more 5 yr by|instal||||154,111|2,618|
||Grantham
loan account||||||162,689|
|||||||154,111|165,307|
##
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##
##
|Minimum
leas|e payments
under non-canc|efiable
operating
leases fall du|e as follows.||
|---|---|---|---|---|
||||31.12.22|30.6.21|
||||f|6|
|Within one year|||25,583|19,334|
|Between one|and five years||2,617|26,468|
||||28,200|45,802|
|SECURED DEBTS|||||
|The following|secured debts are induded|within creditors:|||
||||31.12.22|30.6.21|
|Bank Loans|||183,766|19,192|
##
##
|MOVEM|ENT|IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.7.21
f|in funds
6|funds
6|31.12.22
f|
|Unrestricted||funds|||||
|General|fund||378,835|(94,921)|77,410|361,324|
|Restricted funds|||||||
|Building|||359,594|61,960|(75,611)|345,943|
|Other
Missions|Fund||96,387|900
~1,962)|~(,799)|900
92,626|
||||455,981|60,898|~77,410|439,469|
|TOTAL|FUNDS||834,816|~34,023)||800,793|
##
##
|Net mov|ement|in funds, ind|ude|d
in the above|are as follows:||||
|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Movement|
|||||||resources
6|expended
f|in funds
5|
|Unrestricted||funds|||||||
|General|fund|||||1,324,441|(1,419,362)|(94,921)|
|Restricted funds|||||||||
|Building||||||223,074|(161,114)|61,960|
|Other
Missions|Fund|||||6,394
174,018|(5,494)
~175,980)|900
~1,962)|
|||||||403,486|342,588|60,898|
|TOTAL|FUNDS|||||1,727,927|~1,761,950)|~34,023)|
|Comparatives||for movement||in funds|||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.7.20|in funds
f|funds
f|30.6.21
f|
|Unrestricted||funds|||||||
|General|fund||||293,143|(324)|86,016|378,835|
|Restricted funds|||||||||
|Building|||||400,168|45,142|(85,716)|359,594|
|Other
Missions|Fund||||650
19,725|(650)
76,962|~300)|96,387|
||||||420,543|121,454|~86,016|455,981|
|TOTAL|FUNDS||||713,686|121,130||834,816|
|Comparative||net movement|in|funds, lnduded|in the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||resources
5|expended
f|in funds
f|
|Unrestricted||funds|||||||
|General|fund|||||924,497|(924,821)|(324)|
|Restricted funds|||||||||
|Building||||||161,513|(116,371)|45,142|
|Other
Missions|Fund|||||174,019|(650)
~97,057)|(650)
76,962|
|||||||||121,454|
|TOTAL|FUNDS|||||1,260,029|~1,138,899)|121,130|
##
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##
|Alive Church
Newland
Lincoln
LN1 1XG|||||
|---|---|---|---|---|
||||82022|82021|
|Turnover
Cost ofSales|||68,333
36 155|44,436
62 045|
|Gross profit/(loss)
Administrative
expenses
Government
grants
Other Income|||32,178
23,871
4,347|(17,609)
18,014
13,482
2373|
|Profit/(loss)
on ordinary|activities||12,654|(19,768)|
|Gift to charity
Net profit/(loss)|||12654|19768|
|Aggregate
ofassets, liabikties and funds were
Assets|||18,367|26,628|
|Liabilities
Funds including fI of issued ordinary||share capital|(225897
~7530|{446812
~20 184|