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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 07566472 (England and Wales) REGISTERED CHARITY NUMBER: 1141885

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

REVIVE CHURCH

REVIVE CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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 of Revive Church are for the benefit of the public. They are as follows:

A) To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the directors/trustees from time to time may think fit.

B) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors/trustees from time to time think fit ; and

C) To advance education in such ways and in such parts of the United Kingdom or the world as the Directors from time to time may think fit.

Volunteers

We have a reduced volunteer capacity post pandemic, of around 200 normally active volunteers across 2 main campuses, and 6 Outreach Locations, consisting of the following teams:

At an average level, these individuals will typically contribute about 2-4 hours per week.

Since the pandemic, the active levels of volunteering have been much reduced, but these are now beginning to grow once again as the Covid restrictions and effects diminish. However, volunteering levels remain below that of pre-pandemic years.

Page 1

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Revive Church continued its missions and ministry throughout this period with a return to in-person Sunday services, Re:Fresh Leaders Forums and Summits nationally, youth meetings and clubs, children's and family outreach, debt counselling, media ministry, prayer events, social activities, food bank supply, youth weeks, mission trips, city wide tours and events in our newly developed Outreach Locations.

The youth work to reach struggling teens in Goole has continued to grow, becoming widely recognised, and we continue to work in collaboration with partner organisations there to impact the community.

Currently Revive Church have Campuses and Outreach Locations in the East Yorkshire areas of Brough, Driffield, Market Weighton, Hedon, Cottingham, The Quadrant in Hull, Kingswood and Goole.

Our increased online focus, developed in the pandemic period, has grown into a version of the Revive Church experience online, called "Revive @ Home", and around now 300 people gather in over 30 groups around the world, to watch the teachings and develop healthy Christians communities.

We have referred to the guidance contained in the charities commission general guidance on public benefit and complied with section 17(5) of the 2011 charities act.

The trustees consider that the activities undertaken by Revive Church provide a public benefit to those who are members of the church and those in the wider community.

FINANCIAL REVIEW

Financial position

We have maintained a monthly review of our finances throughout the pandemic with a monthly data set being issued to Jarrod Cooper and one other Trustee (currently Stewart McKinlay). The combined charitable giving from individuals in our largest congregation in Hull has remained strong throughout the whole pandemic period and is the core of the financial stability, yet we have been aware of a reduction in over-all turnover, as we have been restricted in the amount of events and projects available during the tail end of the pandemic period. Our expectation had been that this would return to pre-pandemic levels but this has not been the case. As a consequence, a more cautious view to future income was adopted which resulted in the decision to reduce expenses and to do this primarily via reductions in the number of employed staff.

Reserves policy

We currently follow the principles as laid out by SORP and specifically the guidance from the Charity Finance Group.

Over the long term and if in the absence of a live and financially active building project (or planned major expense activity) and with our desire to invest the majority of available funds in our charitable activities, then our normal stance would be a low level of minimum cash reserves and to adjust our flexible expenditure so as to dampen out unforeseen variances.

This results in a monthly cash reserves minimum policy of one month's salary expenditure which is approximately £25,000. The cash reserves upper limit is set at this lower figure plus 4 standard deviations which is approximately £115,000. Reserve levels outside of this band warrant debate and approval at a minuted Board meeting.

The total reserves held at the end of the year amount to £1,027,142 (2022: £1,004,492). The restricted funds not available for general purposes at the end of the year amount to £483,733 (2022: £477,608).

The total free reserves held at the end of the year amount to £352,074 (2022: £329,620).

There were no commitments for material expenditure at the end of the year.

Page 2

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FUTURE PLANS

Post pandemic our long-term plans to impact 20 locations in Hull and East Yorkshire have been adjusted somewhat to develop towards a model of 3-4 main church campuses, with 6-8 smaller Outreach locations led by volunteer staff, and churches and ministries nationally connected to us through the Revive Collective, our network of churches and ministries. This is currently sitting at around 20 churches and ministries and is growing steadily.

Since March 2023, a Church split occurred through which about 35% of the congregation moved to a new Church set up in the local area. In addition to this, a 'daughter' Church was floated off which has resulted in a net effect of 4 main Churches but with 2 of these remaining in the Revive Charity. The majority of the original congregation remains with the Charity. In addition and since March 2023, Revive has acquired a permanent centre and HQ for the main congregation (Hull). In addition to it providing a large auditorium space along with the usual separate rooms for children work, social outreach and so on, it also supports and Adventure park for children and young adults. This will be operated as an ongoing business via a new trading Company wholly owned by Revive Church.

The Church future plans will now revolve around this centre as a focus for our community engagement and young people support and outreach. This now fulfils the goals as described in previous year reports of providing a new HQ and regional centre for the aims of the Charity and all at significantly lower cost than a new-build facility that was central to the pre-pandemic plans.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association

Recruitment and appointment of new trustees

The company may by ordinary resolution appoint a person who is willing to act as either to fill a vacancy or as an additional director/trustee, provided the appointment does not cause the number of directors/trustees to exceed any number fixed by or in accordance with the Articles as the maximum number of directors/trustees.

Induction and training of new trustees

In the event that a new director is appointed to the board it shall be the responsibility of the Chair of the Board Directors to ensure appropriate information and if necessary training is available to ensure the new appointee can discharge their duties in a competent manner.

Key management remuneration

We use two benchmark salary points from the AoG (associate minister and minister) and treat these as firm guides for our equivalent roles. The most important benchmark is the minister role which is recorded in Directors meeting minutes. Deviation from these benchmarks can be proposed for reasons such as experience level, sustained performance etc. but must be approved by the non-paid Directors. Other paid roles are then remunerated in relation to these two benchmark salaries.

This policy has been updated in the financial year 2022-23.

General cost of living pay increases are guided by the Government official inflation figures. For this financial year we awarded 5% and this was approved by the non-paid Directors. This figure, although lower than the unusually high UK inflation figures, was in recognition of the cost of living pressures being experienced by all.

Page 3

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

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.

Principal risks and uncertainties

At a statistical level we are financially very stable. We have had a sustained period of growth over the last 12 years during which we averaged low double digit annual income growth. We have a mature leadership and Governance structure and as such, the ongoing charitable activities are deemed as low risk. The significant recent risk in front of the charity is the pandemic impact to income and the Church split with reduction in congregation members. This has been tightly monitored with adjustments made to expenses and employed staff levels to match these income reductions. The other major risk was the large new building on Kingswood and this project had been closed in the previous year. The intent is to secure a smaller and significantly lower cost facility which is much more suited to a post pandemic changed ways of working for the charity. This has been realised in the autumn of 2023 at significantly less cost.

The principle risks looking forward and mitigating actions are as follows. For context, the Church split is behind us and membership along with financial income has returned to growth (during 2023/24).

  1. Income growth is less than forecast. Rather than the historical growth, a four year period of no growth and some further decline has been modelled. Over this period the discretionary spend (giving, small projects and conferences) would be cut by 60% which would leave the charity with a small overall surplus.

  2. As previously described, the new HQ plan was to be at a reduced spend level and scale to reduce financial risks looking forward. This planning still included the intent of a future mortgage to fund the new HQ. This mortgage burden has now been removed from our future plans, as the actual purchase of our new HQ in Autumn 2023 will require us to have no borrowings which significantly de-risks our future financial health.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 07566472 (England and Wales)

Registered Charity number

1141885

Registered office

Kingswood House Ground Floor Ashcombe Road Hull HU7 3DD

Trustees

Rev. J. Cooper N. Lendon (resigned 12.9.22) A. B. Akomolafe (appointed 26.9.23) S. McKinlay (appointed 25.6.23) Mrs. L. Dixon (resigned 4.4.22) A. Murray (appointed 23.8.22) (resigned 30.4.23) C. Fleetcroft (appointed 23.8.22) (resigned 30.4.23) Mrs. M. Carr (appointed 23.8.22) (resigned 25.6.23) R. Pritchard (appointed 23.8.22) (resigned 26.9.23) J. Seager (appointed 23.8.22) (resigned 25.6.23) D. Hooko (appointed 23.8.22) S. Green (appointed 23.8.22)

Independent Examiner

C. M. Tams FCA 12 Abbey Road GRIMSBY DN32 0HL

Page 4

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

Co-operative Bank plc P O Box 250 Skelmerdale WN8 6WT

Solicitors

Geldards LLP Number One Pride Place Pride Park Derby DE24 8QR

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 Revive Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

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

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 22 December 2023 and signed on its behalf by:

Rev. J. Cooper - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REVIVE CHURCH (REGISTERED NUMBER: 07566472)

Independent examiner's report to the trustees of Revive Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

C. M. Tams FCA

12 Abbey Road GRIMSBY DN32 0HL

22 December 2023

Page 6

REVIVE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Church
Other trading activities
2
Investment income
3
Other income
4
Total
EXPENDITURE ON
Charitable activities
Church
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
428,712
7,399
2,433
250
-
438,794
422,719
16,075
527,334
543,409		 Restricted
funds
£
17,451
-
-
1,983
-
19,434
13,309
6,125
477,608
483,733		 31.3.23
Total
funds
£
446,163
7,399
2,433
2,233
-
458,228
436,028
22,200
1,004,942
1,027,142		 31.3.22
Total
funds
£
455,364
6,694
217
405
3,708
466,388
458,659
7,729
997,213
1,004,942

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

REVIVE CHURCH (REGISTERED NUMBER: 07566472)

BALANCE SHEET

31 MARCH 2023

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
191,335
21,250
342,972
364,222
(12,148)
352,074
543,409
543,409		 Restricted
funds
£
-
-
483,733
483,733
-
483,733
483,733
483,733		 31.3.23
Total
funds
£
191,335
21,250
826,705
847,955
(12,148)
835,807
1,027,142
1,027,142
543,409
483,733
1,027,142		 31.3.22
Total
funds
£
201,808
16,412
804,078
820,490
(17,356)
803,134
1,004,942
1,004,942
527,334
477,608
1,004,942

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 22 December 2023 and were signed on its behalf by:

The notes form part of these financial statements

Page 8

REVIVE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The 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.

The charity has departed from the Charities SORP and FRS 102 in order to depreciate all freehold property at a rate of 2% on a straight line basis.

The treatment required by the Charities SORP and FRS 102 where an asset comprises of two or more major components is that each component should be depreciated separately over its useful life and that the value of land is not depreciated.

The trustees consider that depreciating all freehold property at a rate of 2% on a straight line basis reflects the value of the asset for the charity, and have concluded that the accounts present a true and fair view.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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 is deferred only when the charity has to fulfil conditions before it becomes entitled to it.

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.

Freehold property - 2% Straight Line Fixtures and fittings - 20% Straight Line

Capitalisation Policy - only Fixed Assets costing in excess of £500 are capitalised.

Freehold property includes £80,000 for land costs, the land is not depreciated.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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.

Page 9

REVIVE CHURCH

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

1. ACCOUNTING POLICIES - continued

Fund accounting

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.

2. OTHER TRADING ACTIVITIES

3.

4.

5.

OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£ £
Other income 2,433 217
INVESTMENT INCOME
31.3.23 31.3.22
£ £
Deposit account interest 2,233 405
OTHER INCOME
31.3.23 31.3.22
£ £
Job Retention Scheme grants - 3,708
GRANTS PAYABLE
31.3.23 31.3.22
£ £
Church 35,776 43,841
The total grants paid to institutions during the year was as follows:
31.3.23 31.3.22
£ £
Oasis of Hope 2,400 2,400
CiC (Churches in Communities) 1,940 1,490
Heart for Honduras 840 840
Karis House 1,200 1,200
Mission 24 3,300 1,800
Eternal Benefit 1,000 2,347
Heart Cry for Change 300 5,000
Kings Church Beverley 1,000 1,000
Jacobs Well - 4,000
MAD-Aid 6,000 -
Other Institutions 2,636 3,556
20,616 23,633

Page 10

REVIVE CHURCH

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

5. GRANTS PAYABLE - continued

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

31.3.23 31.3.22
£ £
F & C Ford - 800
D Taylor 1,800 1,800
D&M Cooper 6,000 6,000
R M Young 600 600
A Charis 750 5,700
Alina Druta - 2,000
Other Individuals 6,010 3,308
15,160 20,208

6. NET INCOME/(EXPENDITURE)

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

Independent examination fee
Other accountancy services
Depreciation - owned assets
Deficit on disposal of fixed assets
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pensions paid		 31.3.23
£
4,080
720
6,324
974
31.3.23
£
125,964
9,344
2,662
137,970		 31.3.22
£
3,600
720
8,556
-
31.3.22
£
76,893
6,804
1,927
85,624

7. 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:

Trustee Trustee
Trustee Social Pension Total
Salary Security Contribution 31.3.2023
£ £ £ £
J. Cooper 48,967 4,436 1,238 54,641
N. Lendon 26,303 - 230 26,533
A. Murray 19,163 1,956 466 21,585
C. Fleetcroft 19,163 1,956 466 21,585
S. Green 12,368 996 262 13,626
Total 31.3.2023 125,964 9,344 2,662 137,970
Total 31.3.2022 76,893 6,804 1,927 85,624

L. Pritchard, the spouse of the trustee R. Pritchard, received remuneration as salary totalling £11,807.

Trustees' expenses

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

Page 11

REVIVE CHURCH

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

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:		 31.3.23
£
244,974
16,565
2,208
263,747		 31.3.22
£
256,272
19,548
3,929
279,749
31.3.23 31.3.22
Church 7 10

No employees received emoluments in excess of £60,000. Total paid to key management during the year amounted to £159,315 (2022 - £137,406)

9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Church
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Church
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
413,364
6,694
217
405
3,708
424,388
405,673
18,715
508,619
527,334		 Restricted
funds
£
42,000
-
-
-
-
42,000
52,986
(10,986)
488,594
477,608		 Total
funds
£
455,364
6,694
217
405
3,708
466,388
458,659
7,729
997,213
1,004,942

Page 12

REVIVE CHURCH

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

10. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1 April 2022
209,552
Additions
-
Disposals
(4,094)
At 31 March 2023
205,458
DEPRECIATION
At 1 April 2022
17,956
Charge for year
2,500
Eliminated on disposal
-
At 31 March 2023
20,456
NET BOOK VALUE
At 31 March 2023
185,002
At 31 March 2022
191,596
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
13.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 Fixtures
and
fittings
£
133,112
1,917
(113,105)
21,924
122,900
3,824
(111,133)
15,591
6,333
10,212
31.3.23
£
21,250
31.3.23
£
3,050
4,407
4,691
12,148
31.3.23
£
4,230
-
4,230		 Totals
£
342,664
1,917
(117,199)
227,382
140,856
6,324
(111,133)
36,047
191,335
201,808
31.3.22
£
16,412
31.3.22
£
7,049
5,574
4,733
17,356
31.3.22
£
5,940
4,230
10,170

Page 13

REVIVE CHURCH

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

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building project improvements
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Building project improvements
Other
TOTAL FUNDS
Comparatives for movement in funds
At 1.4.21
£
Unrestricted funds
General fund
203,619
Designated for building
305,000
508,619
Restricted funds
Building project improvements
488,594
TOTAL FUNDS
997,213		 At 1.4.22
£
527,334
477,608
1,004,942
Incoming
resources
£
438,794
15,516
3,918
19,434
458,228
Net
movement
in funds
£
18,715
-
18,715
(10,986)
7,729		 Net
movement
in funds
£
16,075
6,125
22,200
Resources
expended
£
(422,719)
(9,391)
(3,918)
(13,309)
(436,028)
Transfers
between
funds
£
305,000
(305,000)
-
-
-		 At
31.3.23
£
543,409
483,733
1,027,142
Movement
in funds
£
16,075
6,125
-
6,125
22,200
At
31.3.22
£
527,334
-
527,334
477,608
1,004,942

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REVIVE CHURCH

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

14. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fund
424,388
Restricted funds
Building project improvements
34,888
Other
7,112
42,000
TOTAL FUNDS
466,388
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
General fund
203,619
34,790
Designated for building
305,000
-
508,619
34,790
Restricted funds
Building project improvements
488,594
(4,861)
TOTAL FUNDS
997,213
29,929		 Resources
expended
£
(405,673)
(45,874)
(7,112)
(52,986)
(458,659)
Transfers
between
funds
£
305,000
(305,000)
-
-
-		 Movement
in funds
£
18,715
(10,986)
-
(10,986)
7,729
At
31.3.23
£
543,409
-
543,409
483,733
1,027,142

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building project improvements
Other
TOTAL FUNDS		 Incoming
resources
£
863,182
50,404
11,030
61,434
924,616		 Resources
Movement
expended
in funds
£
£
(828,392)
34,790
(55,265)
(4,861)
(11,030)
-
(66,295)
(4,861)
(894,687)
29,929

The building fund was established for improvements to the premises at Bridlington Avenue, Hull and is also now generating funds for the purchase of a new church building.

Other restricted funds include small donations for specific projects or missions trips.

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REVIVE CHURCH

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

14. MOVEMENT IN FUNDS - continued

In 2020/21 proceeds received of £305,000 for the sale of the Bridlington Avenue property were transferred from the general fund to a designated building fund to be used towards the costs of a new building. In 2021/22 these were since released by the board back to the general fund.

15. EMPLOYEE BENEFIT OBLIGATIONS

The charity makes contributions for all of its employees into a defined contribution schemes. The amount charged to the Statement Of Financial Activities during the year was £4,870 (2022 - £5,856) and the amount payable at the balance sheet date was £825 (2022 - £1,120).

16. RELATED PARTY DISCLOSURES

Donations made by Trustees to the charity during the year amounted to £50,296 (2022 - £39,612).

Payments totalling £8,582 (2022 - £8,150) were paid to Peanut designs business of Laura Murray, spouse of trustee Andrew Murray, for design and social media services during the year.

Payments totalling £80 (2022 - £66) were paid to Victoria Cooper, spouse of Jarrod Cooper, for website costs.

Payments totalling £288 were paid to Nichola Seager, spouse of James Seager, for running the Little Angels group.

17. POST BALANCE SHEET EVENTS

Donations to the building fund were raised for and intended to be used for the purchase of a new church building at Kingswood. Following the effects of Covid and the increasing building costs it was decided not to proceed with the new building at Kingswood.

Following discussions with the Charity Commission donors have been contacted so they can be refunded their donations if they do not want the donation to be redesignated.

After 31 March 2023 donations totalling £18,917 were returned to donors. The Gift Aid repayable on these returned donations totals £4,248.

Donations of £60,000 plus gift aid to the building fund has been requested by donors to be redesignated to be passed to another church.

On the 1st November 2023 the building fund was used for the acquisition of the premises and business of Hang Loose (Beverley) Ltd for £450,000. The church will use the premises, and the business is being continued via a trading subsidiary Let Loose Yorkshire Limited.

Page 16