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2024-12-31-accounts

Charity registration number 1140435

Company registration number 07494717 (England and Wales)

ALIVE CHURCH LINCOLN

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ALIVE CHURCH LINCOLN

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S G Bell
F Johnson (Appointed 27 March 2025)
J Lee (Appointed 27 March 2025)
L R Norris
M O Olakunle-Olabode
H J Williams (Appointed 27 March 2025)
Charity number 1140435
Company number 07494717
Principal address Newland
Lincoln
Lincolnshire
United Kingdom
LN1 1XG
Registered office Newland
Lincoln
Lincolnshire
United Kingdom
LN1 1XG
Auditor Azets Audit Services
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
Bankers Virgin Money
11 Smithy Row
Nottingham
United Kingdom
NG1 3EJ
Solicitors Wilkin & Chapman LLP
The Maltings
11-15 Brayford Wharf East
Lincoln
United Kingdom
LN5 7AY

ALIVE CHURCH LINCOLN

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 14
Notes to the financial statements 15 - 29

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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

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

The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.

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 establishments for the general education of children or adults on the basis of such Christian principles.

Grant making

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 Lead Team who meet monthly.

One 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.

Achievements and performance

Training

Alive Church continues its programme of leadership training through the Leadership Vision Nights and location led leadership training. In September 2024 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 seven services across its six locations. These are for the purpose of Public Worship and the Proclamation of the Christian faith. There are plans that from September 2025 the number of services will expand to 9 across the church.

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 1200 people on average attend these services in all locations on a weekly basis.

Alive Church have begun conversations with Life Church Horncastle in regard to Alive Church having a seventh location of Alive Church in Horncastle. Initial plans lead us to a 2026 launch of this new location.

A Day to be Alive

We held our annual gathering of all locations in July 2024 at the Epic Centre, 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 2500 people attending Christmas events and services in 2024, 1000 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.

Acts Trust also partner with Alive Church Lincoln locations to oversee the Church Youth programmes alongside the community youth projects (schools work, after school clubs, holiday schemes and HAF schemes). 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 37 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.

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Community Activities

Alive Church runs 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 80) and children (over 163) 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 continue during the year, along with mid-week Life Groups and specific provision during Sunday Services.

Students and Young Adults

The Student and Young Adult congregation at Alive continues to meet at the Alive Church Lincoln Central location. Their meetings average around 100 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 2024 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:

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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

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 accounts show income of £1,566,283 (2023: £1,264,736) and outgoings of £1,532,140 (2023: £1,206,040). The free reserves at 31 December 2024 stood at £252,568 (2023: £397,441). The financial position remains satisfactory and with good financial management and the support of both the staff and volunteers, the financial position remains sound. 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.

The principal source of income is from freewill offerings which are received on a weekly basis. The Trustees closely monitor income and expenditure and endeavour to ensure the free reserves amount to one month's running costs.

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 2023 and have increased again in 2024. This is mainly due to the numerical growth of our locations.

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).

Currently Alive Church has 80% of this total (£170,000) in reserves, 2.4 months operating costs.

**Alive Church can utilise the Rise and Build fund in an emergency situation, at the discretion of the Alive Directors.

Targets set over the next three years, 2025 - Reserve £170,000 - 80% of the reserves policy total 2026 - Reserve £195,000 - 92% of the reserves policy total 2027 - 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.

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 2% 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.

Plans for future periods

Alive Church will expand in 2025/26 with the growth of the new training and equipping leadership program, and plans to launch a location of Alive Church in Horncastle

The Leadership structure will continue to be remodelled as we grow. We have a vision to launch new locations of Alive Church from 2025/26 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.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S G Bell

F Johnson (Appointed 27 March 2025) J Lee (Appointed 27 March 2025) L R Norris M O Olakunle-Olabode H J Williams (Appointed 27 March 2025) P Benger (Resigned 27 February 2025) I L Bell (Resigned 27 February 2025) S A Campbell (Resigned 27 February 2025)

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.

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

ALIVE CHURCH LINCOLN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Statement of trustees' responsibilities

The trustees, who are also the directors of Alive Church Lincoln for the purpose of company law, are responsible for preparing the Trustees' Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

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

Auditor

Azets Audit Services were appointed as auditor to the company and a resolution proposing that they be reappointed will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

M O Olakunle-Olabode Trustee

12 September 2025

ALIVE CHURCH LINCOLN

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ALIVE CHURCH LINCOLN

Opinion

We have audited the financial statements of Alive Church Lincoln (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

ALIVE CHURCH LINCOLN

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ALIVE CHURCH LINCOLN

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor 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 an auditor's report 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

ALIVE CHURCH LINCOLN

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ALIVE CHURCH LINCOLN

Use of our report

This report is made solely to the charity’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 charity's trustees those matters we are required to state to them in an auditor's 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services

25 September 2025

Chartered Accountants Statutory Auditor

Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

ALIVE CHURCH LINCOLN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and
legacies
3
936,851
498,128
Charitable activities
4
45,372
2,447
Other trading
activities
5
80,985
-
Other income
6
2,500
-
Total income
1,065,708
500,575
Expenditure on:
Raising funds
7
20,722
-
Charitable activities
8
1,069,523
441,895
Total expenditure
1,090,245
441,895
Net (outgoing)/incoming
resources before
transfers
(24,537)
58,680
Gross transfers
between funds
15,814
(15,814)
Net (expenditure)/income
for the year/
Net movement in funds
(8,723)
42,866
Fund balances at 1 January
2024
397,441
462,048
Fund balances at 31
December 2024
388,718
504,914		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,434,979
866,623
305,967
47,819
30,466
906
80,985
60,774
-
2,500
-
-
1,566,283
957,863
306,873
20,722
18,163
-
1,511,418
941,248
246,629
1,532,140
959,411
246,629
34,143
(1,548)
60,244
-
37,665
(37,665)
34,143
36,117
22,579
859,489
361,324
439,469
893,632
397,441
462,048		 Total
2023
£
1,172,590
31,372
60,774
-
Donations and
legacies
3
Charitable activities
4
Other trading
activities
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (outgoing)/incoming
resources before
transfers
Gross transfers
between funds
Net (expenditure)/income
for the year/
Net movement in funds
Fund balances at 1 January
2024
Fund balances at 31
December 2024
1,264,736
18,163
1,187,877
1,206,040
58,696
-
58,696
800,793
859,489

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ALIVE CHURCH LINCOLN

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
18
Net assets
Income funds
Restricted funds
22
Unrestricted funds		 2024
£
£
364,599
39,790
787,081
826,871
(118,489)
708,382
1,072,981
(179,349)
893,632
504,914
388,718
893,632		 2023
£
£
385,686
34,982
730,426
765,408
(91,532)
673,876
1,059,562
(200,073)
859,489
462,048
397,441
859,489

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 12 September 2025

M O Olakunle-Olabode Trustee

Company registration number 07494717

ALIVE CHURCH LINCOLN

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
15
Investments
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
18
Net assets
Income funds
Restricted funds
22
Unrestricted funds		 2024
£
£
352,655
1
352,656
44,497
781,917
826,414
(109,018)
717,396
1,070,052
(176,420)
893,632
504,914
388,718
893,632		 2023
£
£
374,707
1
374,708
35,305
726,254
761,559
(84,705)
676,854
1,051,562
(192,073)
859,489
462,048
397,441
859,489

ALIVE CHURCH LINCOLN

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 12 September 2025

M O Olakunle-Olabode

Trustee

Company registration number 07494717

ALIVE CHURCH LINCOLN

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
26
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(21,822)
3,800
(19,735)		 £
94,412
(18,022)
(19,735)
56,655
730,426
787,081		 2023
£
(34,209)
16,792
(19,192)		 £
122,853
(17,417)
(19,192)
86,244
644,182
730,426

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Alive Church Lincoln is a private company limited by guarantee incorporated in England and Wales. The registered office is Newland, Lincoln, Lincolnshire, LN1 1XG, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% - 10% straight line Plant and equipment 20% straight line Fixtures and fittings 20% straight line and 25% reducing balance Computers 20% straight line Motor vehicles 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
936,851
291,539
Grants
-
206,589
936,851
498,128
Grants receivable for core activities
City of Lincoln
-
-
Ground Level
-
-
Co-op Community Fund
-
-
South Kesteven District Council
-
-
Benefact Trust
-
-
MHWCIF
-
14,618
UKSPF
-
173,000
BCL/ACL Sudbroke Drive NHS Wellbeing
-
15,000
SNAP
-
3,971
-
206,589		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,228,390
866,623
278,542
206,589
-
27,425
1,434,979
866,623
305,967
-
-
19,490
-
-
1,530
-
-
1,190
-
-
3,415
-
-
1,800
14,618
-
-
173,000
-
-
15,000
-
-
3,971
-
-
206,589
-
27,425		 Total
2023
£
1,145,165
27,425
1,172,590
19,490
1,530
1,190
3,415
1,800
-
-
-
-
27,425

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Charitable activities

5
6
7		 Other income
Analysis by fund
Unrestricted funds
Restricted funds
Other trading activities
Catering
Hire of facilities
Rental income
Wedding income
Trading activity income: other
Other trading activities
Other income
Net gain on disposal of tangible fixed assets
Raising funds
Trading costs
Other trading activities
Depreciation and impairment
Trading costs		 2024
£
47,819
45,372
2,447
47,819
2024
£
13,328
43,364
6,200
972
17,121
80,985
2024
£
2,500
2024
£
16,546
4,176
20,722
20,722		 2023
£
31,372
30,466
906
31,372
2023
£
12,543
40,122
6,200
200
1,709
60,774
2023
£
-
2023
£
18,163
-
18,163
18,163

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Charitable activities

Staff costs
Depreciation and impairment
Charitable expenditure
Grant funding of activities (see note 9)
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds
9
Grants payable
Grants to institutions:
Ground Level
Acts Trust
Compassion UK Wymondham
Butterflies
The Shed
Open Doors
Assemble Church Network
The Joy Foundation
One by One
Betel
Hatfield
Cafe
Community worker
Everything Network
Love Christmas
Other
Grants to individuals		 2024
£
593,157
37,433
575,266
1,205,856
108,941
179,911
16,710
1,511,418
1,069,523
441,895
1,511,418
2024
£
5,000
58,669
-
814
612
-
-
-
-
6,000
6,000
789
27,924
3,000
113
20
108,941
-
108,941		 2023
£
429,177
39,597
432,769
901,543
94,169
170,662
21,503
1,187,877
941,248
246,629
1,187,877
2023
£
15,800
53,333
84
2,049
616
5,000
15,076
500
500
-
-
-
-
-
-
-
92,958
1,211
94,169

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Support costs
Staff costs
Establishment costs
Audit fees
Accountancy
Trustees' indemnity
insurance
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
179,911
-
-
-
-
12,600
-
4,110
-
-
179,911
16,710
179,911
16,710		 2024
£
179,911
-
12,600
4,110
-
196,621
196,621		 Support
costs
Governance
costs
£
£
157,468
-
13,194
-
-
6,500
-
14,129
-
874
170,662
21,503
170,662
21,503		 2023
£
157,468
13,194
6,500
14,129
874
192,165
192,165

Governance costs includes payments to the auditors of £12,600 (2023- £6,500) for audit fees.

11 Auditor's remuneration

Fees payable to the charity's auditor and associates: 2024 2023
£ £
Audit of the charity's annual accounts 16,710 20,629

12 Trustees

None of the trustees (or any persons connected with them) received any expenses during the year.

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:

S Bell
I Bell		 2024
28,671
41,530
70,201		 2023
26,596
23,742
50,338

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

12 Trustees

(Continued)

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

In addition to the amounts noted above is £23,594 (2023: £22,470) paid to S B Training and Consultancy for S Bell consultancy fees.

Dave Bell, son of Senior Pastors of Alive Church and Trustees Stuart and Irene Bell, was paid total remuneration as an employee of £21,791 (2023: £16,566).

Sarah Bell, daughter-in-law of Senior Pastors of Alive Church and Trustees Stuart and Irene Bell, was paid total remuneration as an employee of £21,260 (2023: £9,335)

Glen Ross, son-in-law of Senior Pastors of Alive Church and Trustees Stuart and Irene Bell, was paid total remuneration as an employee of £39,579 (2023: £38,396).

13 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
31
2024
£
704,829
47,795
20,444
773,068		 2023
Number
31
2023
£
537,611
31,478
17,556
586,645

There were no employees whose annual remuneration was more than £60,000.

14 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15 Tangible fixed assets Consolidated

Consolidated
Freehold land
and buildings
£
Cost
At 1 January 2024
1,036,750
Additions
-
Disposals
-
At 31 December 2024
1,036,750
Depreciation and impairment
At 1 January 2024
736,821
Depreciation charged in the year
7,740
Eliminated in respect of disposals
-
At 31 December 2024
744,561
Carrying amount
At 31 December 2024
292,189
At 31 December 2023
299,929		 Plant and
equipment
Fixtures and
fittings
£
£
362,202
179,341
9,835
6,440
-
(1,300)
372,037
184,481
311,405
154,823
21,858
8,010
-
-
333,263
162,833
38,774
21,648
50,797
24,518		 Computers Motor vehicles
£
£
36,660
13,178
5,547
-
-
(8,928)
42,207
4,250
27,176
12,220
3,618
383
-
(8,928)
30,794
3,675
11,413
575
9,484
958		 Total
£
1,628,131
21,822
(10,228)
1,639,725
1,242,445
41,609
(8,928)
1,275,126
364,599
385,686

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15 Tangible fixed assets

Tangible fixed assets
Company only
Freehold land
and buildings
£
Cost
At 1 January 2024
1,036,750
Additions
-
Disposals
-
At 31 December 2024
1,036,750
Depreciation and impairment
At 1 January 2024
736,821
Depreciation charged in the year
7,740
Eliminated in respect of disposals
-
At 31 December 2024
744,561
Carrying amount
At 31 December 2024
292,189
At 31 December 2023
1,773,571		 Plant and
equipment
Fixtures and
fittings
£
£
362,202
128,912
9,835
-
-
-
372,037
128,912
311,405
115,373
21,858
3,835
-
-
(333,263)
(119,208)
38,774
9,704
673,607
244,285		 (Continued)
Computers Motor vehicles
Total
£
£
£
36,660
13,178
1,577,702
5,547
-
15,382
-
(8,928)
(8,928)
42,207
4,250
1,584,156
27,176
12,220
1,202,995
3,618
383
(37,434)
-
(8,928)
8,928
(30,794)
(3,675) (1,231,501)
11,413
575
352,655
63,836
25,398
374,707

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16
Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
17
Creditors: amounts falling due within one year
Notes
Bank loans
19
Other taxation and social security
Deferred income
20
Trade creditors
Other creditors
Accruals and deferred income
18
Creditors: amounts falling due after more than one
Notes
Bank loans
19		 2024
£
11,823
-
17,013
10,954
39,790
2024
£
19,836
13,099
15,000
3,561
3,604
63,389
118,489
year
2024
£
179,349		 Group
2023
£
9,512
-
18,596
6,874
34,982
Group
2023
£
18,847
8,115
-
1,973
19,031
43,566
91,532
Group
2023
£
200,073		 Company
2024
2023
£
£
2,498
2,238
14,074
7,641
16,971
18,552
10,954
6,874
44,497
35,305
Company
2024
2023
£
£
15,035
14,046
13,099
8,115
15,000
-
3,561
1,973
3,604
19,031
58,719
41,540
109,018
84,705
Company
2024
2023
£
£
176,420
192,073

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 of 3%. The loan has been split based on the prevailing variable rate of interest at 31 December 2024 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%.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

19 Loans and overdrafts
Group and company 2024 2023
£ £
Bank loans 199,185 218,920
Payable within one year 19,836 18,847
Payable after one year 179,349 200,073
Amounts included above which fall due after five years:
Payable by instalments (145,745) (155,467)

A bank loan is secured by a first legal charge dated 14 September 2012 over St Peters Hall, Grantham and a legal charge dated 30 June 2011 over 11/13 Newland, Lincoln. The amount payable at 31 December 2023 was £174,730 (2023: £179,394).

20
Deferred income
Group and company
Other deferred income
Deferred income relates to grant monies received for future periods.
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2024
Resources deferred in the year
Deferred income at 31 December 2024		 2024
£
15,000
2024
£
15,000
-
15,000
15,000		 2023
£
-
2023
£
-
-
-
-

21 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £20,444 (2023 - £17,556).

There were pension amounts outstanding at the 31 December 2024 totalling £3,171 (2023: £2,273).

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

22 Restricted funds

Group and company

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 January 2023
r
£
Building
345,943
Other
900
Missions Fund
92,626
Shine Fund
-
439,469		 Movement in funds
Incoming
esources
Resources
expended
£
£
169,494
(121,211)
-
(900)
117,889
(113,058)
19,490
(11,460)
306,873
(246,629)		 Transfers
Balance at
1 January 2024
r
£
£
(37,665)
356,561
-
-
-
97,457
-
8,030
(37,665)
462,048		 Movement in funds
Incoming
esources
Resources
expended
£
£
169,318
(137,035)
173,000
(173,000)
143,639
(111,194)
14,618
(20,666)
500,575
(441,895)		 Transfers
Balance at
31 December
2024
£
£
(18,314)
370,530
-
-
2,500
132,402
-
1,982
(15,814)
504,914		 Transfers
Balance at
31 December
2024
£
£
(18,314)
370,530
-
-
2,500
132,402
-
1,982
(15,814)
504,914
504,914

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 Missions 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 £18,314 during the period.

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

23 Analysis of net assets between funds Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fund balances at 31
December 2024 are
represented by:
Tangible assets 364,599 - 364,599 385,686 - 385,686
Current assets/(liabilities) 203,468 504,914 708,382 211,828 462,048 673,876
Long term liabilities (179,349) - (179,349) (200,073) - (200,073)
388,718 504,914 893,632 397,441 462,048 859,489

24 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
16,538
35,756
52,294		 2023
£
20,138
52,294
72,432

25 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2024 2023
£ £
Aggregate compensation 263,778 229,693

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 £58,669 (2023: £55,333). 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 £1,148 (2023: £358).

Room hire was provided during the period at an estimated value of £nil (2023: £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 £12,142 (2023: £16,761).

ALIVE CHURCH LINCOLN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

26 Cash generated from operations 2024 2023
£ £
Surplus for the year 34,143 58,696
Adjustments for:
Gain on disposal of tangible fixed assets (2,500) -
Depreciation and impairment of tangible fixed assets 41,609 39,597
Movements in working capital:
(Increase)/decrease in debtors (4,808) 12,294
Increase in creditors 10,968 12,266
Increase in deferred income 15,000 -
Cash generated from operations 94,412 122,853
27 Analysis of changes in net funds
At 1 January Cash flows At 31 December
2024 2024
£ £ £
Cash at bank and in hand 730,426 56,655 787,081
Loans falling due within one year (18,847) (989) (19,836)
Loans falling due after more than one year (200,073) 20,724 (179,349)
511,506 76,390 587,896