## **NEW LIFE CHURCH CAMBRIDGE**
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024 CHARITY No. 1019870
**NEW LIFE CHURCH CAMBRIDGE**
## FINANCIAL STATEMENTS
For the year ended 31 August 2024
## **REFERENCE AND ADMINISTRATIVE DETAILS**
|Charity number:|1019870|1019870||
|---|---|---|---|
|Principal address:|New Life Church Cambridge|||
||PO Box 1395|||
||Cambridge|||
||CB24 9UJ|||
|Trustees:|Ian Rawley (Senior Pastor)|||
||David Silver (Chairman and Treasurer)|||
||Isobel Summers|||
||Janet Watt|||
||Martin Wilde (Secretary and Book Keeper)|||
|Treasurer:|David Silver|||
|Book Keeper|Martin Wilde|||
|Bankers:|CAF Bank||Ltd|
||25 Kings Hill Avenue|||
||Kings Hill|||
||West Malling|||
||Kent|||
||ME19|4JQ||
|Solicitors:|Rutter|& Rutter Solicitors||
||St Audrey’s|||
||South Street|||
||Wincanton|||
||Dorset|||
||BA9 9DR|||
|Independent examiner:|Robert Allin FCA|||
||Milton Hall|||
||Ely Road|||
||Milton|||
||Cambs|||
||CB24 6WZ|||
**NEW LIFE CHURCH CAMBRIDGE**
## FINANCIAL STATEMENTS
For the year ended 31 August 2024
## **PAGE**
|||
|---|---|
|**INDEX**|**PAGE**|
|Trustees' annual report|1 – 3|
|Report of the independent examiner|4|
|Receipts and payments account|5|
|Statement of assets|6|
|Notes to the financial statements|7|
**NEW LIFE CHURCH CAMBRIDGE**
TRUSTEES' ANNUAL REPORT
For the year ended 31 August 2024
The Trustees present their report together with the financial statements for the year ended 31st August 2024. The financial statements have been prepared using the receipts and payments basis.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity was created by a Declaration of Trust dated 16th February 1993, as amended by a supplemental deed dated 1st August 2004, an order of the Charity Commission dated 4th February 2005, and a supplemental deed dated 21st February 2005. The main organ of the Trust is New Life Church, Cambridge ('the church').
## **Resignations and Appointments of Trustees**
There were no changes to the Board of Trustees in the current reporting period. The Board continues to represent a broad range of expertise - including legal, financial, market research, public healthcare, and the international charitable sector. The Trustees periodically review further appointments for the benefit of the Charity. When a new Trustee is appointed, they are given a copy of the Trust Deed and the supplemental governing documents, plus relevant free booklets that are available to charities from the Charity Commission. Since the current Trustees are all active members of the church, no specific training or orientation was required to enable them to understand the aims, objectives, and ethos of the Charity.
## **Organisation**
The Trustees formally meet four times a year (and on an ad hoc basis when necessary) to oversee all the activities of the Charity. However, the day-to-day management of the Charity, through the church, is undertaken by the church eldership team, which is led by the Senior Pastor. This team meets monthly (and on an ad hoc basis when necessary), but in addition to their formal meetings, they also frequently correspond with one other on matters of church management. The Senior Pastor also meets often with various configurations of church staff and volunteers in order to facilitate the delivery of the church's projects and programmes.
## **Network Affiliations and Related Parties**
During this reporting period, New Life Church Cambridge began a transition from being part of a network of churches called ‘Lifelink Global’ to exploring becoming part of a much larger network of churches called, ‘Ground Level’. These conversations have all been very amicable and all parties feel that the move would be in the best interests of the church. In addition, New Life Church Cambridge remains a member of the Evangelical Alliance. During the year, Ian Rawley contracted his services to New Life Church Cambridge as their Senior Pastor.
## **Risk Management**
As a result of careful financial management, the church ends this reporting period with an operating surplus.
The Trust’s reserves continue to be healthy, and the Trustees are broadly confident that the finances are stable at a relatively low level of threat. However, they will continue to carefully monitor all income and expenditure.
The Trustees have reviewed the Charity’s insurance needs and have put in place policies to cover public liability, injury to church workers and loss or damage to and from various properties used by the church in furtherance of its activities. They have a Data Privacy policy and notice and have implemented an updated and comprehensive Safeguarding and Child Protection Policy. All policies are regularly reviewed.
Page 1
**NEW LIFE CHURCH CAMBRIDGE**
TRUSTEES' ANNUAL REPORT
For the year ended 31 August 2024
## **OBJECTIVES AND ACTIVITIES**
The Charity’s main objectives are:
- To advance Christianity in Cambridgeshire and elsewhere, by any means or medium that is or may become available, in accordance with the statement of doctrine set out in the schedule of the supplemental declaration of trust dated 1 August 2004.
- To relieve poverty and to help those who are in need because of sickness or age or some other charitable need.
- To advance education both general and vocational for children and adults, but always within the principles of the Christian faith.
These objectives are achieved mainly through the regular worship, prayer and teaching meetings of New Life Church, Cambridge, including meetings specifically designed to introduce the Christian Gospel to people for the first time. These meetings are both 'all-church' in nature, and age or gender specific, as appropriate, and are designed to further Christian discipleship and to spread the Christian message. Throughout this reporting period, the vast majority of these meetings have been held in person, although the discovered advantage of online meetings during the Covid-19 pandemic has meant that some of the smaller meetings have continued to be held online, as a matter of preference.
The Trustees have had regard to the Charity Commission’s guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review of Activities**
Throughout the reporting period, New Life Church has worked in various ways to nurture its members in the Christian faith and to reach out to others. For example:
- Most core church members have met together regularly mid-week, either online or in person.
- The church’s outreach activities continue strongly under the direction of our part-time ‘Mission Lead’.
- • Informal guest orientated Sunday meetings throughout the school summer holidays in 2024 helped to strengthen local residents’ awareness of the church’s presence in, and ministry towards, the ever-growing communities of north west Cambridge.
- A particular success was a coach trip to the Norfolk coast, in July, which enabled 67 people from the local community to enjoy a family day out with members of the church.
- The church’s excellent relationship with the community teams of Cambridge City Council and the University of Cambridge continued to be strong and productive.
- One outworking of that relationship has been the continued success of the weekly ‘Eddie’s Community Café’ which the church runs every Monday morning in the foyer of the Storey’s Field Centre, in the heart of the Eddington campus, serving free refreshments and providing a pleasant and safe place for people to meet up in.
- Another was the church’s participation in an ‘Olympic Beach’ event in Eddington Square in July.
- As in previous years, the Trustees have made grants to like-minded charities and various individuals, in furtherance of the Charity’s objects.
Page 2
**NEW LIFE CHURCH CAMBRIDGE**
TRUSTEES' ANNUAL REPORT
For the year ended 31 August 2024
## **Financial Review**
A surplus of £8,293 (2023: £3,959) increased the net cash funds held to £78,410 (2023: £70,117) at the year end.
## **Reserves Policy**
The Charity holds no investments, and its reserves consist solely of the balances in its current and deposit accounts. There are no restrictions on these funds, except as shown in note 3 to the financial statements and are otherwise free for the Trustees to use in accordance with the Charity’s objectives. At the year end the level of unrestricted cash held was £66,060 (2023: £61,676), which is greater than the three months' expenditure required by our reserves policy.
## **Principal Funding Sources**
The Charity’s principal source of funds is in the form of tithes and offerings from the members and friends of New Life Church, Cambridge.
## **Grants**
The Charity makes donations and grants in line with Scriptural principles and consistent with its main objectives.
## **PLANS FOR FUTURE PERIODS**
On 1[st] January 2025, after serving for more than 20 years as New Life Church’s Senior Pastor, Ian Rawley will be handing over that role to Tim Anderson, who is currently the church’s part time Mission Lead. The search and consideration process has been very thorough, and the Trustees are delighted to report that the announcement of its outcome has been very well received. Ian Rawley will continue in a part time staff role throughout the next reporting period – and possibly beyond – helping to deliver the church programme and also continuing his wider ministry role in the UK and overseas. Especially in the light of these clear and well received plans, the Trustees anticipate that the church will very much continue to be able to deliver an effective ministry operation throughout the next reporting period.
## **SIGNED ON BEHALF OF THE BOARD OF TRUSTEES**
**Chairman of the Board of Trustees**
Date: 12[th] February 2025
Page 3
**REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF**
## **NEW LIFE CHURCH CAMBRIDGE**
For the year ended 31 August 2024
I report on the accounts of the trust for the year ended 31 August 2024, which are set out on pages 5 to 7.
This report is made solely to the Charity’s Trustees, as a body in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity’s trustees those matters that I am required to state to them in the independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity’s Trustees as a body for my work, for this report, or for the opinions I have formed.
## **Respective Responsibilities of Trustees and Examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the 2011 Act;
- To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- To state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Robert Allin FCA Milton Hall, Ely Road Milton, Cambs CB24 6WZ
Date: 13[th] February 2025
Page 4
## **NEW LIFE CHURCH CAMBRIDGE**
## RECEIPTS AND PAYMENTS ACCOUNT
## For the year ended 31 August 2024
|**Note**
**RECEIPTS**
Tithes and gifts
Gift Aid
Event Income
Bank interest
Other income
**TOTAL RECEIPTS**
**PAYMENTS**
Lifelink - tithe and ministry support
Mission
3
Trustee and employee costs
2
Other ministry support costs
Venue hire costs
Training, travel and conferences
Office and administration costs
Ministry Costs
Event Costs
Independent examination fee
**TOTAL PAYMENTS**
**NET RECEIPTS/(PAYMENTS) FOR**
**THE YEAR**
**TRANSFER BETWEEN FUNDS**
**OPENING CASH FUNDS**
**CLOSING CASH FUNDS**|**Unrestricted**
**General**
**£**
**78,742**
**15,948**
**4,592**
**1,170**
**46**
**100,497**
**-**
**3,116**
**61,273**
**3,781**
**10,963**
**36**
**2,524**
**1,145**
**5,197**
**550**
**88,585**
**11,912**
**(7,528)**
**61,676**
**66,060**|**Unrestricted**
**Designated**
**£**
**-**
**3,619**
**3,619**
**(3,619)**
**7,528**
**372**
**4,281**|**2024**
**Restricted**
**£**
**-**
**-**
**-**
**-**
**8,069**
**8,069**|**Total**
**£**
**78,742**
**15,948**
**4,592**
**1,170**
**46**
**100,497**
**6,735**
**61,273**
**3,781**
**10,963**
**36**
**2,524**
**1,145**
**5,197**
**550**
**92,204**
**8,293**
**-**
**70,117**
**78,410**|2023
Total
£
72,363
14,316
-
468
1,825|
|---|---|---|---|---|---|
||||||88,972|
||||||4,202
4,097
59,218
2,900
11,110
-
2,523
438
-
525|
||||||85,013|
||||||3,959
-
66,158|
||||||70,117|
Page 5
## **NEW LIFE CHURCH CAMBRIDGE**
## STATEMENT OF ASSETS
As at 31 August 2024
|**CASH FUNDS**
Bank current account
Bank deposit account
**OTHER MONETARY ASSETS**
Gift Aid receivable
**LIABILITIES**
PAYE and NIC liability
**ASSETS RETAINED FOR THE**
**CHARITY’S OWN USE**
Electric Drum Kit|**Unrestricted**
**General**
**£**
**6,970**
**59,090**
**66,060**
**3,908**
**3,908**
**349**
**349**
**2,200**
**71,819**|**Unrestricted**
**Designated**
**£**
**4,281**
**-**
**4,281**
**-**
-
**-**
**-**
**-**
**4,281**|**2024**
**Restricted**
**£**
**8,069**
**-**
**8,069**
**8,069**|**Total**
**£**
**19,320**
**59,090**
**78,410**
**3,908**
**3,908**
**349**
**349**
**2,200**
**84,169**|2023
Total
£
27,135
42,982|
|---|---|---|---|---|---|
||||||70,117|
||||||4,108|
||||||4,108
265|
||||||265
2,200|
|||||||
||||||76,160|
Page 6
**NEW LIFE CHURCH CAMBRIDGE**
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 August 2024
**1**
**2**
**3**
## **ACCOUNTING POLICIES**
The financial statements of the Charity have been prepared using the receipts and payments basis.
Value Added Tax is not recoverable by the Charity, and as such is included in the relevant costs in the receipts and payments account.
## **TRUSTEE AND EMPLOYEE COSTS**
The Declaration of Trust makes specific allowance for payments to and remuneration of Trustees (or connected persons) but with the conditions that the number of Trustees receiving remuneration shall never form a majority of trusteeship.
|Fees payable to Ian Rawley as Senior Pastor
Remuneration, employers’ NIC and pension
Fees payable to Tim Anderson as Mission Lead|**2024**
**£**
**29,688**
**11,793**
**19,792**|2023
£
31,416
12,156
15,646
59,218|
|---|---|---|
||**61,273**||
## **MOVEMENTS ON FUNDS**
## **Restricted Funds:**
Thank offerings are taken periodically for specific areas of need or projects, in accordance with the Charity’s objectives.
The Poor Fund represents donations specifically for the relief of poverty and financial hardship.
|Thank offerings
Poor Fund|**Brought**
**forward**
**£**
493
7,576
**8,069**|**Income**
**£**
-
-
**-**|**Transfer in**
**from**
**unrestricted**
**funds**
**£**
-
-
**-**|**Expenditure**
**£**
-
-
**-**|**Carried**
**forward**
**£**
493
7,576|
|---|---|---|---|---|---|
||||||**8,069**|
## **Designated Fund:**
The Apostolic Fund, established in April 2023, is equivalent to a ‘tithe of tithe’ reserved at the start of each month as a 10% share of tithe receipts from the previous month to be used to cover direct expenses associated with Ian Rawley’s trans-local ministry.
|Apostolic Fund|**Brought**
**forward**
**£**
372
**372**|**Income**
**£**
-
**-**|**Transfer in**
**from**
**unrestricted**
**funds**
**£**
7,528
**7,528**|**Expenditure**
**£**
3,619
**3,619**|**Carried**
**forward**
**£**
4,281|
|---|---|---|---|---|---|
||||||**4,281**|
Page 7