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2023-03-31-accounts

Living Out Charity Number: 1165572

Trustees' Annual Report and Financial Statements for the year ended 31 March 2023

Living Out

Trustees' Annual Report for the Year Ended 31 March 2023

Reference & Administration Details

Charity name: Living Out

Charity number: 1165572

Charity's operating address: The Emmanuel Meeting House Lewins Mead, Bristol, Postcode BS1 2NN

Names of the Charity Trustees who Manage the Charity

Trustee Name Office

Chair

Description of the Charity's Trusts

Type of Governing Document: Constitution

How the Charity is Constituted: Charitable Incorporated Organisation

Trustee Selection Methods:

Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. Living Out trustees must indicate their adherence to the Living Out statement of beliefs.

Objectives

For the public benefit, the advancement of the evangelical Christian religion and Christian principles of love, acceptance, compassion and understanding, in particular, but not exclusively by:

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Living Out Trustees' Annual Report for the Year Ended 31 March 2023

Activities, Achievements & Performance

Living Out carries out a wide variety of activities and the trustees take seriously the requirement to provide public benefit and have appreciated the Charity Commission’s guidance in this area.

In February 2022 Living Out set some new medium term goals of:

During the year we continued to work towards these goals. Our team spoke at a number of youth events in Summer 2022. We continued to grow our youth leader network and provided them with tailored content via an email and video newsletter as well as a youth Leader section on the Living Out website. During the year the resources to help children build a permanent identity based on God’s word were released in association with another Christian charity.

The website continued to grow in content with blog and articles being regularly added to the site from a range of authors. Our podcasts continue to be a popular resource now having been listened to more than 55,000 times.

Our website has resources to encourage and equip churches and we also provide speakers to teach at churches and encourage Christians to come to our Living Out days hosting 10 across the country during the past financial year. We also launched our webinar for church leaders which are taking place online three times a year to equip leaders in particular areas.

We continue to invest in supporting and growing our staff team and were pleased to move to the structure of four part-time directors for the different areas of ministry involving one new external appointment and promotions for two of the existing team. At the very end of the financial year a new emerging generations associate joined the team one day a week.

Financial Review

Financial Review Details

Living Out made a surplus of £25,320 in the year to 31 March 2023 despite its planned increased investment in staffing with the new structure. In particular this was a result of significant and unexpected one off giving meaning donations were over £33,000 higher than the year before. The additional giving comes as Living Out seeks to invest in new filmed resources with a particular emphasis on those that can be used with younger people and it is expected this will result in significant expenditure in 2024. Living Out has no borrowings or provided any guarantees.

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Living Out Trustees' Annual Report for the Year Ended 31 March 2023

Charity's Policy on Reserves

The trustees reviewed the reserve policy in November 2020 and in light of expanding employment commitments increased the policy reserves to three months operating expenditure relating to salary and other financial commitments as a general reserve. This would equate to £29,000.

At the end of the year Living Out had an unrestricted cash balance of £129,052. This is significantly above the policy reserve requirement. This excess cash relates to future planned expenditure on projects planned and in progress and the early receipt of grant funding to support the work of Living Out.

Related party transactions

In August 2019 Living Out obtained Charity Commission approval to pay Ed Shaw, a trustee, this was to act as a director and not in respect of trustee duties. The cost to Living Out of this was £16,693. Expenses were also paid with respect to expenses as trustees of £399 for two trustees.

Declaration

The Trustees declare that they have approved the Trustees' Report above.

Signed on behalf of the Charity's Trustees

Signature: Full Name: Edward JJ Shaw Position: Chair Date: 5 December 2023

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Living Out Trustees' Annual Report for the Year Ended 31 March 2023

Independent Examiner’s Report to the trustees of Living Out Charitable Incorporated Organisation

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

Responsibilities and basis of report

As the charity trustees of Living Out you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of Living Out’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

  1. the accounting records were not kept in accordance with section 130 of the Act; or

  2. the accounts do not accord with the accounting records; or

  3. the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signature: Full Name: Simon Begbey Relevant professional ACA ICAEW qualification Address: Bristol Date: 5 December 2023

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Living Out Living Out Living Out Living Out Living Out 1165572 1165572 CC16a
Receipts andpayments accounts
For the period
from		 01/04/2022 To 31/03/2023
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last period
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Grant Income 90,000 600 - 90,600 79,976
Donations 50,848 - - 50,848 17,066
Course and event income 8,515 - - 8,515 3,752
Investment income 739 - - 739 17
Sub total_(Gross income for AR) _ 150,102 600 - 150,702 100,811
A2 Asset and investment sales,
(see table).
- - - - -
- - - - -
Sub total - - - - -
Total receipts 150,102 600 - 150,702 100,811
A3 Payments
Provision of courses,events 15,943 - - 15,943 7,050
Other charitable activity 80,977 288 - 81,265 63,309
Administrative costs and services 27,463 - - 27,463 20,816
Governance 712 - - 712 1,005
**Sub total ** 125,094 288 - 125,382 92,181
A4 Asset and investment
purchases, (see table)
Assetpurchase - - - - -
- - - - -
**Sub total ** - - - - -
Totalpayments 125,094 288 - 125,382 92,181
Net of receipts/(payments) 25,008 312 - 25,320 8,630
A5 Transfers between funds - - - - -
A6 Cash funds lastyear end 104,044 - - 104,044 95,414
Cash funds thisyear end 129,052 312 - 129,364 104,044
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricted
funds		 Restricted
funds		 Endowment
funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash at bank 129,052 312 -
Cash in hand - - -
- - -
Total cash funds 129,052 312 -
(agree balances with receipts andpayments account(s)) OK OK
Details Fund to which asset
belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the
charity’s own use		 Computer and other equipment Unrestricted 1,224 -
- -
Signed by one or two trustees on behalf
of all the trustees
Signature		 Print Name Date of approval
Edward JJ Shaw 5/12/23

Section B Statement of assets and liabilities at the end of the period

Unrestricted Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash at bank 129,052 312 -
Cash in hand
- - -
- - -
Total cash funds 129,052 312 -
(agree balances with receipts andpayments account(s)) OK OK OK
Details Fund to which
belongs		 asset Cost (optional) Current value
(optional)
B4 Assets retained for the Computer and other equipment Unrestricted 1,224 -
charity’s own use - -
Signed by one or two trustees on behalf
of all the trustees
Signature		 Print Name Date of approval
Edward JJ Shaw 5/12/23

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