**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:
- The advance of the Christian faith
- The relief of persons who are in need, hardship, distress or who are aged or sick.
- The advancement of education in accordance with Christian principles
## **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:
- Welcoming people on arrival
- Serving refreshments during Sunday Services
- Setting up Sunday meeting and packing down
- Conference and events set up and pack down
- leading Life Groups (small group connectivity)
- leading youth, kids and Young Adults ministry
- distributing food and aid in all locations through Foodbank
- assisting the local community through prescription deliveries, shopping, pastoral phone calls, assistance to the elderly, vulnerable and isolated
- facilitating Sunday Services in-person and online
- leading prayer activities
- Playing in worship teams and providing technical support for services
- overseeing our Social Media output
- leading locations and the pastoral care that is being carried out locally
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **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:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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:
- Discussions with management and Trustees to identify any known or suspected instances of fraud.
- Review of risks to the charity and its systems in relation to misstatements and fraud through enquiring with management, ensuring any risks unidentified by them are considered.
- Tailoring of the audit tests using a risk-based approach to identify fraud and irregularity including those in relation to revenue recognition, particularly offerings and donations and management override.
- Challenging assumptions and judgements made within significant accounting estimates such as depreciation and support costs.
- Identification of key laws and regulations applicable to the charity and review of compliance by enquiring with management of any breaches, reviewing Charity Commission and Companies House websites along with the board minutes.
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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.
Page 16
**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|
Page 17
**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|
Page 18
**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|
Page 19
**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)
Page 22
**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|
|---|---|---|
Page 23
**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|
|---|---|---|---|
Page 24
**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|
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## **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)|
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