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2023-12-31-accounts

REGISTERED COMPANY NUMBER: 07494717 (England and Wales) REGISTERED CHARITY NUMBER: 1140435

REPORT OF THE TRUSTEES AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALIVE CHURCH LINCOLN

ALIVE CHURCH LINCOLN

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 10
Consolidated Statement of Financial Activities 11
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

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the group financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects contained in the Memorandum of articles for Alive Church Lincoln are as follows:

Social investments

There are no restrictions on the charity's power to invest. However the Trustees do not consider it to be in line with the objectives of the charity to be investing funds at this time.

The charity's objects and principal activities are the advancement of the Christian faith in accordance with the Memorandum and Articles, the worship of God in the county of Lincolnshire and elsewhere by any means whatsoever including (but not by way of limitation) the preaching and proclamation of the Christian gospel and the teaching of Christian doctrine and principles, the pastoral care of Christian people, the printing and distribution of the Bible and Christian literature and the relief of persons who are in conditions of need, hardship or distress or who are aged or sick.

The advancement of education on the basis of Christian principles and without prejudice to the generality of the foregoing the provision of such in any educational establishment and if the Trustees so decide the provision of one or more charitable educational establishment for the general education of children or adults on the basis of such Christian principles.

Grantmaking

Grants are given to relating groups and individuals who are involved in missions work both in the UK and overseas. The Trustees delegate responsibility for decisions made on grants made to the Vision Core Team who meet monthly. Two of the Trustees are also members of this Team. A report is made to the Trustees three times per year.

Volunteers

The charity has a large team of volunteers without whose commitment of time the charity could not operate. The value of services donated by volunteers is not included in the statement of financial activities.

Page 1

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

Training

Alive Church continues its programme of leadership training through the Leadership Vision Nights and location led leadership training. From September 2024 there will be a new training course called Equip which is for the whole Church to access online. This will provide training for all team leaders and staff.

Weekend Services

Alive Church holds eight services across its six locations. These are for the purpose of Public Worship and the Proclamation of the Christian faith.

Multi-Site

Alive Church is one Church in many locations and at this point comprises locations of Alive Church in:

Gainsborough Grantham Lincoln Central Lincoln North Lincoln South Scunthorpe

Over 1000 people on average attend these services in all locations on a weekly basis.

A Day to be Alive

We held our second meeting of all locations in July 2023 at the University of Lincoln campus, and our third in July 2024 which was held at the Lincolnshire Showground. This event is called "A Day to be Alive" and consists of a Sunday morning service with worship and a word, children's and youth work, a time of fun and fellowship in the afternoon with children's activities and an afternoon all age service.

Christmas and Easter

The Christmas and Easter services had 1800 people attending Christmas events and services in 2023, 900 people attending Easter services in 2024.

Life Groups

Members and attendees of Alive have a small group system operating mid-week for pastoral care, discipleship, Bible study, prayer, and local mission. Over 600 are registered as participants of Life Groups.

Acts Trust

Alive Church continues to provide major funding to ACTS Trust, an associated charity of Alive who carry out the following activities. Lincoln Foodbank, Lincoln Community Grocery, Lincolnshire Night Light Café, Lincoln Job Club, Lincoln Restore Course, Lincoln Energize (schools work, after school clubs, holiday schemes and HAF schemes) Acts Trust also partner with Alive Church Lincoln locations to oversee the Church Youth programmes alongside the Energize projects. This includes our Friday night youth groups, our youth conference (Captivate) and our youth weekend away.

Alive Enterprises

The Limited Company that provides services for and on behalf of Alive Church as a social enterprise continued to oversee the running of Alive Church's conferencing including refreshments and catering. This Limited company provides income back to Alive Church to continue the work of the Charity.

Baptism

In the period stated, Alive Church held several Baptismal Services baptising over 25 people.

Public Benefit

The trustees consider that the activities undertaken by Alive Church provide a public benefit to those who are members of the fellowship and those in the wider community of Lincolnshire and we have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objective.

Marriage and Funerals

Alive Church provides pre-marital counselling for couples intending to get married as well as a full marriage ceremony. It carries out funerals in line with the teachings of the Christian faith and at such time provides services such as pastoral care that are of benefit to bereaving family members.

Page 2

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Community Activities

Alive Church run a variety of community projects across our six locations.

Butterflies and Blossom: providing a safe space for women who are going through tough times, feeling lonely, needing a break from everyday situations. Butterflies is open to all women in each community. Currently over 100 women attend Butterflies each week

The Shed: providing a safe space for men to experience friendship, community and to counteract loneliness. Currently 20 men attend The Shed each week

Toddle-In: providing a space for parents and toddlers to build community and friendship on a weekly basis. Currently over 100 parents engage with Toddle-in each week

In Grantham, Alive Church works alongside other agencies in the provision of support and pastoral care for refugees who are currently living in the town. Over 40 refugees are engaged in activities each week supported by Alive Church.

Pastoral Care

Primarily through its Life Group system (small groups that meet in homes) but also through the availability of staff pastors Alive Church is able to provide pastoral care and support for people within the community.

Youth and Children

Alive Church has a number of young people (over 60) and children (over 110) that are involved in its provision for them. Through the Alive Church programmes, they are taught, gain social skills and develop friendships that have proved, for many people who are now adults at Alive Church, to be lifelong, positive and helpful.

Alive youth meetings continued during the year, along with mid-week Life Groups and specific provision during Sunday Services.

Students and Young Adults

The student congregation at Alive continues to meet at the Alive Church Lincoln Central location. Their meetings average around 80 in attendance each week.

Legacy

Alive Church has a thriving community of aged people who meet occasionally for a meal, pastoral care and age related services.

The Role of Volunteers

Alive Church provides numerous opportunities for people to volunteer both within the life of the Church and its community activities. In 2023 over 500 different people were involved in volunteering through Alive Church's activities.

This allows the individual to fulfil their personal desire to help other people. Volunteers are involved in all aspects of the church's activities, ranging from:

Staff, volunteers and beneficiaries and the implications for the charity's operations and activities for the coming

year.

From September 2021, Alive Church have specified that all staff work from the office on a Tuesday and a Thursday whilst also continuing to allow home-working

Page 3

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

We continue to rent rooms from Ground Level Network in 22 Newland with car parking for certain staff and overflow rooms if required for staff to work from.

FINANCIAL REVIEW

Financial position

The group accounts show Income of £1,264,736 (2022 £1,727,927) and outgoings of £1,206,040 (2022 £1,761,950). The free reserves of the group at 31st December 2023 stood at £211,828 (2022 £171,527). The financial position remains satisfactory and with good financial management and the support of both the staff and volunteers.

The financial position of the church remains sound showing Income of £1,235,223 (2022: £1,655,267) and outgoings of £1,184,058 (2022 £1,701,944).The free reserves at 31 December 2023 stood at £214,806 (2022 £171,035).

The financial position of Alive Enterprises Limited is considered to be satisfactory, and with the implementation of planned business improvements the financial position is considered to be sound, showing Income of £52,865 (2022 £72,680) and outgoings of £45,334 (2022 £60,026) .The free reserves at 31st December 2023 stood at (£2,978) (2022 (£492).

Reserves policy

The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission.

The Alive financial risk policy has identified that the amount required for the Alive Church reserves fund should be 3 months operating costs.

This equates to £212,000 (based on £846,000)

At 31st December Alive Church consider its Free reserves net of designated costs to be 77% of this total, recognised and held within the deposit account, (£165,000) in reserves, 2 months operating costs. This is after deducting designations for retirement gifts and the costs of a media studio.

Targets set over the next four years,

2024 - Reserve £185,000 - 87% of the reserves policy total 2025 - Reserve £205,000 - 97% of the reserves policy total 2026 - Reserve £212,000 - 100% of the reserves policy total

Alive Church currently does not have a need to use its reserves.

Our ability to fundraise

Above the funds raised from our committed donors, Alive Church continues to apply for grants and funds.

Funds

Funds for Make a Difference and Rise and Build are still restricted and kept separate from the current account so as to ensure the projects that have been financially committed to can be funded.

Financial Forecast

Alive Church has continued working on its forecasting for cash flow and location pastors information. Regular updates are given by the Finance director as to income and expenditure variances every quarter. Projections for income are based on a 3% decrease due to the uncertainty around the global economic instability.

The finance team work with funders to identify any additional funding sources that can assist with costs such as building maintenance and repairs, alongside community funding for our ongoing community engagement activities.

Page 4

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Going concern

The accounts have been prepared on a going concern basis. The Trustees have assessed that the Charity is a going concern as the charity expects to generate income and have reserves that enables it to operate for at least a period of twelve months.

Management and Trustees monitor free reserves closely on an ongoing basis and are continuously looking at alternative ways to operate and keep costs to a minimum.

Offerings have increased since 2022 and have increased again in 2024. This is mainly due to the numerical growth of our locations which are all meeting in person.

Alive Enterprises accounts have been prepared on a going concern basis. The directors have assessed that the company is a going concern as the company expects to generate conference income to cover its costs and leave a profit for Alive Church over the next 12 months.

The business is currently looking at other ways to bring in extra income. We have noticed an increase in the bookings for our larger rooms since we have returned back into the buildings after the lock down.

The current projection of £26,000 is based on a reserved income target for venue hire. This ensures all the costs are covered in Enterprises with any surplus going to reserves.

The Trustees of Alive Church are committed to supporting Alive Enterprises over the next 12 months.

We believe that Alive Enterprises is currently in a strong position going into the years ahead.

For 2024 our forecast is that Alive Enterprise will be on target for income to be £32,000 minimum for room hire.

FUTURE PLANS

Alive Church will expand in 2024/25 with the launch of a new training and equipping leadership program.

The Leadership structure will continue to be remodelled as we grow. We have a vision to launch new locations of Alive Church from 2025 within a one hour radius of the city of Lincoln

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its memorandum and articles of association , and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Alive Church seeks the appointment of new Trustees from within the church. It seeks to identify those considered suitable to provide a balance of skills and strengths.

Page 5

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Decision making

The Trustees make decisions in regard to annual budget setting, staffing of senior positions, salary scales, annual pay reviews.

Modupe Olakunle-Olabode oversees salary reviews on an annual basis.

Annual pay reviews are suggested to Trustees by The Lead Team, the decision to implement is taken by the Trustees.

The Lead Team is comprised of;

Stuart Bell Irene Bell Howard Williams Dan Hargreaves Joy Blundell Jonas Eyles Glen Ross

Decisions related to the vision of the church are delegated to the Lead Team by the Trustees. The Lead Team make decisions in regard to new locations, new programs / activities. Decisions regarding new staff members are made at budget setting time. Department leaders make recommendations in-line with their annual budget and the Lead Team make the decision in regard to any new recruitments.

The Trustees delegate decisions in regard to the daily operation of the church to the Lead Team. The Lead Team make decisions in relation to monthly budgets, day to day management of staff (HR), buildings and health and safety.

Induction and training of new trustees

All Trustees are already familiar with the practical work of the charity. On appointment, Trustees are informed of their obligations and the main documents which set out the operational framework of the charity.

Related parties

The charity has a trading subsidiary Alive Enterprises Limited which undertakes trading activities on behalf of Alive Church Lincoln and donates its taxable profits to the charity.

ACTS trust is a registered Charity (No.1119911) and undertakes various community based projects for Alive Church.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07494717 (England and Wales)

Registered Charity number

1140435

Registered office

Alive Church Newland LINCOLN LN1 1XG

Trustees

S. A. Campbell Mrs I L Bell S. Bell P. Benger Miss L. Norris Mrs. M. O. Olakunle-Olabode

Company Secretary

P. Benger

Page 6

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Smethurst & Co LLP Statutory Auditors 12 Abbey Road GRIMSBY DN32 0HL

Bankers

Virgin Money 11 Smithy Row NOTTINGHAM NG1 3EJ

Solicitors

Wilkin & Chapman LLP The Maltings 11-15 Brayford Wharf Easr Lincoln LN5 7AY

Key management

Stuart Bell Irene Bell Howard Williams Dan Hargreaves Joy Blundell Glen Ross Jonas Eyles

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Alive Church Lincoln for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Smethurst & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 7

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ P. Benger - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

Opinion

We have audited the group financial statements of Alive Church Lincoln (the 'charitable company') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Smethurst & Co LLP Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 12 Abbey Road GRIMSBY DN32 0HL

Date: .............................................

Page 10

ALIVE CHURCH LINCOLN

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Direct Charitable Activities
Other trading activities
3
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Direct Charitable Activities
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
20
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
866,623
30,466
59,065
1,709
957,863
18,163
941,248
959,411
(1,548)
37,665
36,117
361,324
397,441		 Restricted
funds
£
278,542
28,331
-
-
306,873
-
246,629
246,629
60,244
(37,665)
22,579
439,469
462,048		 YEAR ENDED
31.12.23
Total
funds
£
1,145,165
58,797
59,065
1,709
1,264,736
18,163
1,187,877
1,206,040
58,696
-
58,696
800,793
859,489		 PERIOD
1.7.21
TO
31.12.22
Total
funds
£
1,584,869
60,351
76,193
6,514
1,727,927
56,338
1,705,612
1,761,950
(34,023)
-
(34,023)
834,816
800,793

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 11

ALIVE CHURCH LINCOLN (REGISTERED NUMBER: 07494717)

CONSOLIDATED BALANCE SHEET 31 DECEMBER 2023

Note
s
FIXED ASSETS
Tangible assets
13
Investments
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT
ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more
than one year
16
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricte
d funds
Restricted
funds
£
£
385,686
-
-
-		 31.12.23
Consolidated
Total funds
£
385,686
-
385,686
34,982
730,426
765,408
(91,532)
673,876
1,059,562
(200,073)
859,489
397,441
462,048
859,489		 31.12.22
Consolidated
Total funds
£
407,866
-
407,866
47,276
644,182
691,458
(80,462)
610,996
1,018,862
(218,069)
800,793
361,324
439,469
800,793		 31.12.23
31.12.22
Total
funds
Total funds
£
£
374,707
403,088
1
1
385,686
-
32,403
2,579
263,447
466,979		 374,708
403,089
35,305
52,414
726,254
631,740
295,850
469,558
(84,022)
(7,510)		 761,559
684,154
(84,705)
(73,650)
211,828
462,048		 676,854
610,504
597,514
462,048
(200,073)
-		 1,051,562
1,013,593
(192,073)
(205,269)
397,441
462,048		 859,489
808,324
397,441
368,855
462,048
439,469
859,489
808,324

The notes form part of these financial statements

Page 12

ALIVE CHURCH LINCOLN

CONSOLIDATED BALANCE SHEET - continued FOR THE YEAR ENDED 31 DECEMBER 2023

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. P. Benger - Trustee

The notes form part of these financial statements

Page 13

ALIVE CHURCH LINCOLN

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

YEAR ENDED
31.12.23
Notes
£
Cash flows from operating activities
Cash generated from operations
1
106,964
Tax paid
16,037
Net cash provided by operating activities
123,001
Cash flows from investing activities
Purchase of tangible fixed assets
(34,209)
Sale of tangible fixed assets
16,644
Net cash used in investing activities
(17,565)
Cash flows from financing activities
Loan repayments in year
(33,562)
Interest
14,370
Net cash used in financing activities
(19,192)
Change in cash and cash equivalents in
the reporting period
86,244
Cash and cash equivalents at the
beginning of the reporting period
644,182
Cash and cash equivalents at the end of
the reporting period
730,426		 PERIOD
1.7.21
TO
31.12.22
£
52,550
(112)
52,438
(60,825)
-
(60,825)
(45,055)
17,975
(27,080)
(35,467)
679,649
644,182

The notes form part of these financial statements

Page 14

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

YEAR ENDED
31.12.23
£
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
58,696
Adjustments for:
Depreciation charges
39,597
Loss on disposal of fixed assets
148
(Increase)/decrease in debtors
(3,743)
Increase/(decrease) in creditors
12,266
Net cash provided by operations
106,964		 PERIOD
1.7.21
TO
31.12.22
£
(34,023)
74,528
427
15,607
(3,989)
52,550

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 644,182 86,244 730,426
644,182 86,244 730,426
Debt
Debts falling due within 1 year (20,043) 1,196 (18,847)
Debts falling due after 1 year (218,069) 17,996 (200,073)
(238,112) 19,192 (218,920)
Total 406,070 105,436 511,506

The notes form part of these financial statements

Page 15

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The Group financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements Group Financial Statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary on a line by line basis. The statement of financial activity for the charity has not been included separately as the charity has taken advantage of exemptions in section 408 of the companies act 2006.

The results in the charity itself was a follows

2023 2022
surplus/(deficit) £51,165 (£46,677)

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% Straight Line Fixtures and fittings - 20% Straight Line and 25% Reducing Balance Computer equipment - 20% Straight Line Motor vehicles - 20% Straight Line

Depreciation is not provided on the original Freehold Property at Newland however property alterations in relation to the courtyard development and other improvements have been depreciated at 10% Straight Line. The Trustees consider that its estimated useful life together with its residual value of the original Freehold Property is such that depreciation is immaterial.

The Grantham property is being depreciated at 2% Straight Line, as its useful life is estimated at 50 years. No further major components have been identified in the original cost of the Grantham property that would be material even if combined. Any improvements made to the Grantham property at purchase and since are depreciated at 10% Straight Line.

Fixed assets are not capitalised if they cost less than £500.

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Taxation

The group is exempt from corporation tax on its charitable activities. Any Trading profits generated in Alive Enterprises that are not gifted to Alive church are chargeable to corporation tax.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Operating lease

Rentals on operating leases are charged to the statement of financial activities based on the terms set out by the lease agreements in place.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Gifts and donations 1,145,165 1,584,869

3. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Catering 12,543 9,993
Hire of facilities 40,122 40,901
Room hire - 380
Rental income 6,200 7,500
Media income - 16,061
Wedding income 200 1,358
59,065 76,193

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

4. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
Direct
Charitable Total
Activities activities
£ £
Charitable activities 31,372 52,965
Grants 27,425 7,386
58,797 60,351

Grants received, included in the above, are as follows:

Grants received, included in the above, are as follows:
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
City of Lincoln 19,490 -
National Heritage - 992
Ground Level 1,530 2,213
Kickstarter - 4,181
Co-op Community Fund 1,190 -
South Kesteven District Council 3,415 -
Benefact Trust 1,800 -
27,425 7,386

5. RAISING FUNDS

Other trading activities

Other trading activities
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Purchases 8,751 11,357
Staff costs 5,475 24,338
Telephone - 61
Post and stationery 8 1,056
Advertising - 1,252
Insurance 486 687
Repairs and renewals 2,026 144
Travel - 29
Sundries 170 279
Equipment leasing 396 15,163
Bank charges 460 731
Credit card charges - 49
Bank loan interest 391 765
Loss on sale of assets - 427
18,163 56,338

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
7)
note 8)
£
£
£
Direct Charitable Activities
901,543
94,169
192,165
GRANTS PAYABLE
YEAR ENDED
31.12.23
£
Direct Charitable Activities
94,169
The total grants paid to institutions during the year was as follows:
YEAR ENDED
31.12.23
£
Ground Level
15,800
Other Institutions
-
Betel Britain
-
Acts Trust
53,333
The Bridge Church
-
The Tear fund/ Cambodia Partnership
-
Compassion UK Wymondham
84
Butterflies
2,049
The Shed
616
Ritsona Camp
-
Open Doors
5,000
Assemble Church Newark
15,076
The Joy Foundation
500
One by One
500
92,958		 Totals
£
1,187,877
PERIOD
1.7.21
TO
31.12.22
£
127,352
PERIOD
1.7.21
TO
31.12.22
£
25,200
850
12,000
66,300
2,000
4,083
504
5,031
345
650
7,000
-
-
-
123,963

7. GRANTS PAYABLE

The total grants paid to individuals during the year was as follows:

PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Other Individuals 1,211 3,389

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. SUPPORT COSTS

Direct Charitable Activities Governance
Other
costs
£
£
170,662
21,503		 Totals
£
192,165

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Auditors' remuneration 6,500 3,500
Auditors' remuneration for non audit work 14,129 15,738
Depreciation - owned assets 39,597 74,528
Deficit on disposal of fixed assets 148 427
TRUSTEES' REMUNERATION AND BENEFITS
PERIOD
1.7.21
YEAR ENDED TO
31.12.23 31.12.22
£ £
Trustees' salaries 46,440 68,761
Trustees' social security 3,898 5,980
50,338 74,741

10. TRUSTEES' REMUNERATION AND BENEFITS

The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees during the year

Trustees' salaries
Trustees' social security		 £
S.Bell
24,474
2,122
26,596		 Y/E
31.12.2023
P/E
31.12.2022
£
£
£
I. Bell
Total
Total
21,966
46,440
68,761
1,776
3,898
5,980
23,742
50,338
74,741

All Trustees salaries relate to employment services provided and are not remuneration for services as Trustees.

Included in wages is £NIL (2022: £1,000) paid to P B Services for P Benger consultancy fees and £22,470 (2022: £33,706) paid to S B Training and Consultancy for S Bell consultancy fees.

Dave Bell son of Lead Pastors of Alive church and Trustees Stuart and Irene Bell was paid total remuneration as employee ( Gross plus social security ) of £16,566 (2022: £24,571).

Sarah Bell daughter in law of Lead Pastors of Alive church and Trustees Stuart and Irene Bell was paid total remuneration as employee ( Gross plus social security ) of £9,335 (2022: £7,462).

Glen Ross son in law of Lead Pastors of Alive church and Trustees Stuart and Irene Bell was paid total remuneration as employee ( Gross plus social security ) of £38,396 (2022: £57,020).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the period ended 31 December 2022.

Page 20

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. STAFF COSTS

YEAR ENDED
31.12.23
£
Wages and salaries
537,611
Social security costs
31,478
Other pension costs
17,556
586,645		 PERIOD
1.7.21
TO
31.12.22
£
850,542
53,796
26,754
931,092

Key management remuneration paid to key management during the period amounts to £229,693 (2022 - £340,543).

The average monthly number of employees during the year was as follows:

YEAR ENDED
31.12.23
Staff
31
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,210,177
374,692
Charitable activities
Direct Charitable Activities
31,557
28,794
Other trading activities
76,193
-
Other income
6,514
-
Total
1,324,441
403,486
EXPENDITURE ON
Raising funds
56,338
-
Charitable activities
Direct Charitable Activities
1,363,024
342,588
Total
1,419,362
342,588
NET INCOME/(EXPENDITURE)
(94,921)
60,898
Transfers between funds
77,410
(77,410)
Net movement in funds
(17,511)
(16,512)
RECONCILIATION OF FUNDS
Total funds brought forward
378,835
455,981
TOTAL FUNDS CARRIED FORWARD
361,324
439,469		 PERIOD
1.7.21
TO
31.12.22
43
Total
funds
£
1,584,869
60,351
76,193
6,514
1,727,927
56,338
1,705,612
1,761,950
(34,023)
-
(34,023)
834,816
800,793

Page 21

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
property
£
1,051,767
-
(15,017)
1,036,750
727,107
9,714
-
736,821
299,929
324,660
Motor
vehicles
£
12,428
750
-
13,178
11,495
725
-
12,220
958
933		 Plant and
machinery
£
353,965
8,237
-
362,202
289,379
22,026
-
311,405
50,797
64,586
Computer
equipment
£
74,136
2,624
(38,881)
37,879
62,148
3,353
(37,106)
28,395
9,484
11,988		 Fixtures
and
fittings
£
156,743
22,598
-
179,341
151,044
3,779
-
154,823
24,518
5,699
Totals
£
1,649,039
34,209
(53,898)
1,629,350
1,241,173
39,597
(37,106)
1,243,664
385,686
407,866

The vale of secured assets included within the net book value carried forward in freehold property is £274,666 (2022- £277,883)

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Tax
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Included within creditors is deferred income of £NIL (2022 £3,586).
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 17)		 31.12.23
£
9,512
6,874
18,596
34,982
31.12.23
£
18,847
1,973
10,387
16,759
43,566
91,532
31.12.23
£
200,073		 31.12.22
£
6,305
6,338
34,633
47,276
31.12.22
£
20,043
7,738
10,849
3,553
38,279
80,462
31.12.22
£
218,069

The bank loans have been split between the amount due within one year, the amounts due between 1-2 years, 2-5 years and due in more than five years.

The Kingdom bank loan will be repaid over the thirty year term at a variable interest rate of 2.5% above the higher of the Bank of England Base Rate or 3%. The loan has been split based on the prevailing variable rate of interest at 31st December 2023 of 7.75%.

The Virgin Money bounceback loans will be repaid over the six year term and the loans have been split based on the fixed interest rate of 2.5%.

17. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bounce back loan
Grantham Loan account
Amounts falling due between two and five years:
Building Loan account
Grantham Loan account
Amounts falling due in more than five years:
Repayable by instalments:
Grantham loan account		 31.12.23
£
14,802
4,045
18,847
24,724
19,882
44,606
155,467		 31.12.22
£
14,800
5,243
20,043
39,546
24,412
63,958
154,111

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.23 31.12.22
£ £
Within one year 20,138 25,583
Between one and five years 52,294 2,617
72,432 28,200
SECURED DEBTS
The following secured debts are included within creditors:
31.12.23 31.12.22
£ £
Bank Loans 179,394 183,766

19. SECURED DEBTS

A debenture with a fixed and floating charge over all of the company's assets is in place for a loan repaid in the year ended 30 June 2016.

A further bank loan is secured by a first legal charge dated 14th September 2012 over St Peters Hall, Grantham and a legal charged dated 30th June 2011 over 11/13 Newland, Lincoln. The amount payable at 31 December 2023 was £179,394 (2022: £183,766).

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building
Other
Missions Fund
Shine Fund
TOTAL FUNDS		 At 1.1.23
£
361,324
345,943
900
92,626
-
439,469
800,793		 Net
movement
in funds
£
(1,548)
48,283
(900)
4,831
8,030
60,244
58,696		 Transfers
between
funds
£
37,665
(37,665)
-
-
-
(37,665)
-		 At
31.12.23
£
397,441
356,561
-
97,457
8,030
462,048
859,489

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building
Other
Missions Fund
Shine Fund
TOTAL FUNDS		 Incoming
resources
£
957,863
169,494
-
117,889
19,490
306,873
1,264,736		 Resources
expended
£
(959,411)
(121,211)
(900)
(113,058)
(11,460)
(246,629)
(1,206,040)		 Movement
in funds
£
(1,548)
48,283
(900)
4,831
8,030
60,244
58,696

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ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building
Other
Missions Fund
TOTAL FUNDS		 At 1.7.21
£
378,835
359,594
-
96,387		 Net
movement
in funds
£
(94,921)
61,960
900
(1,962)		 Transfers
between
funds
£
77,410
(75,611)
-
(1,799)		 At
31.12.22
£
361,324
345,943
900
92,626
439,469
800,793
455,981
834,816		 60,898
(34,023)		 (77,410)
-

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building
Other
Missions Fund
TOTAL FUNDS		 Incoming
resources
£
1,324,441
223,074
6,394
174,018		 Resources
expended
£
(1,419,362)
(161,114)
(5,494)
(175,980)		 Movement
in funds
£
(94,921)
61,960
900
(1,962)
60,898
(34,023)
403,486
1,727,927		 (342,588)
(1,761,950)

Included in the building fund are offerings and donations specifically to meet costs to maintain and finance the building.

The Missions fund are offerings and donations collected for Missons work in majority through the make a difference campaign.

Other restricted funds include offerings and donations specifically to be paid out in grants to specific institutions and individuals.

Transfers between funds

Transfers from the Rise & Build fund to the general fund are in relation to building loan repayments of £17,557 during the period.

A transfer between the Rise & Build fund and the general fund of £20,108 has been made as fixed assets recognised within the Rise & Build fund have been reclassified, as the restrictions on the funding were met at the point the assets were purchased.

Page 25

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

21. EMPLOYEE BENEFIT OBLIGATIONS

The charity makes contributions for all of its employees into a defined contribution scheme. The amount charged to the Statement Of Financial Activities during the period was £17,556 (2022 - £26,754).

There was pension amounts outstanding at the 31st December 2023 totalling £2,273 (2022 - £2,412).

22. OTHER FINANCIAL COMMITMENTS

The following 2023/24 giving commitment balances were outstanding at 31 December 2023 -

Missions Fund

Acts Trust £32,000
Open Doors £6,000
Ground Level £5,000
Betel UK £6,000
Everything Network £3,000
Rise and Build Fund
Acts Trust £6,667

23. RELATED PARTY DISCLOSURES

ACTS Trust is a company limited by guarantee associated with the church which undertakes community based charitable projects for the charity. Grants were awarded in the period to ACTS Trust amounting to £55,333 (2022- £66,300). Funding was received during the period for Youth projects of £NIL from ACTS Trust. Amounts due from/(to) ACTS Trust at the balance sheet date amounted to £358 (2022- £1,167).

Room Hire was provided during the period at an estimated value of £5,200 to Dave Bell to provide training in line with the Charity's objects. This is on the agreed basis that the Church will benefit from this training to a value of at least the room hire provided.

Total donations from Trustees during the period amounted to £16,761 (2022- £27,529).

24. POST BALANCE SHEET EVENTS

The Church was planning to purchase a building in the South of Lincoln, financed with a combination of a mortgage and Rise and Build Funds. The proposed building acquisition is no longer being pursued as the Charity was unable to obtain planning permission for a change of use on the building.

25. SUBSIDIARY COMPANY

The charity owns 100% of the share capital of its subsidiary undertaking, Alive Enterprises Ltd (registered in England and Wales 05903893) which are included in the consolidated financial statements. The results are detailed below.

Registered Office

Alive Church Newland Lincoln LN1 1XG

Turnover
Cost of Sales
Gross profit/(loss)
Administrative expenses
Government grants

Profit/(loss) on ordinary activities
Gift to charity
Net profit/(loss)		 £2023
52,865
14,226
38,639
7,756
-
30,883
23,352
7,531		 £2022
68,333
36,155
32,178
23,871
4,347

12,654
-
12,654

Page 26

ALIVE CHURCH LINCOLN

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

25. SUBSIDIARY COMPANY - continued

Aggregate of assets, liabilities and funds were

Assets
Liabilities
Funds including £1 of issued ordinary share capital		 22,469
(22,468)
1		 18,367
(25,897)
(7,530)

Page 27