REGISTERED CHARITY NUMBER: 1023328
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
NEW LIVING MINISTRIES
Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ
NEW LIVING MINISTRIES
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
NEW LIVING MINISTRIES
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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 promotion of the heart of God (Jesus Christ) in action, grace and being there for people. We do this through meeting together, encouraging gifts, projects and businesses.
Significant activities
Activities included:
Phoenix Academy - Education for all children ages 5 - 18 years of age.
Kenya & Sri Lanka - Charities to benefit living standards in these areas.
Public benefit
Community projects and education.
Volunteers
None
ACHIEVEMENT AND PERFORMANCE Charitable activities
Rainbow
The Trust uses the name Rainbow. Rainbow meet monthly for prayer or peace meals. We also promote other events within the local and wider community. These include such things as art events, holidays (i.e. camping), mission trips abroad and community events.
Phoenix Academy
Phoenix Academy is registered as an Independent School and governed by OFSTED. It continues to operate from 85 Bounces Road, N9. It has around 20 students enrolled between the ages of 5 - 18 years old and all are working towards achieving an ICCE qualification at school leaving age. The school operates with a Board of Governors consisting of Gareth Hawkes (Chair), Pauline Hawkes, Adrian Hawkes, Malachi Kelly, Samuel Kelly, Angela Kelly, Paul Kelly (Head Teacher), Jeffrey Al Coates, Gena Areola (Designated Safeguarding Officer) and Karen Allen (Parent). The Academy charges low fees to parents sufficient to subsidise staff wages and learning materials.
Fundraising activities
We receive regular gifts from our church attendees and local community.
Internal and external factors
The New Living Ministries Trust has been sponsored by Phoenix Community Care Ltd (PCC). PCC is a local charity working with looked after children, care leavers, asylum seekers and refugees.
FINANCIAL REVIEW
Principal funding sources
The trust is primarily funded by donations and the receipt of subsidised school fees. We had various staff during this financial year on furlough in the school and Gareth Hawkes (Main Organiser) for the church activities was also on furlough.
Page 1
NEW LIVING MINISTRIES Report ofthe Trustses for the Year Ended 31 Mar¢h 2021 FUTURE PLANS To continue to meet up regularly and support the various projects and individuals in the church and Feople in the ¢ommunty whilst finding ways of keeping intemathjnal communicth.on consistent. Arranging various events which support the ethnic poorer cOmmun"e$. To continue lo find way5 of cornmunrAting God's Love in our acts'ons and ppjrt Tottenham's widgr community thugh our relationship wth PCC and other organisations l eharrbe$. STRUCTURE, GOVERNANCE AND IUNAGEMENT Governing &xumont The d)aTity is controlled by its goveming document, a deed of trust and ¢¢nsts"tule$ an unirKorporated charty. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity nufflber 1023328 Prfncipal address 85 Boun Road London N9 8LD Trustees Mr$ A K81 G l J Havl(es G Muoria JA H8wkes Ind•p•ndènt Examin•r Knox Cropper LLP 15>155 London Road Hemel Hempstead Hertfordshire HP3 9SQ EVENTS SINCE THE ENO OF THE YEAR Information relating io events Sin the end of the year is given in th& notss to lh¢ ffinanaal statements. ApprDved by (xder of fv bDard oftrL&Stees on...... . . svJned on it3 behalf by.. Tru Page 2
Independent Examiner's Report to the Trustees of New Living Ministries
Independent examiner's report to the trustees of New Living Ministries
I report to the charity trustees on my examination of the accounts of New Living Ministries (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
Stephen Anderson Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ
Date: .............................................
Page 3
NEW LIVING MINISTRIES
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted Restricted Total fund fund funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 53,843 - 53,843 Charitable activities School 55,376 - 55,376 Investment income 2 - - - Total 109,219 - 109,219 EXPENDITURE ON Charitable activities School 83,663 - 83,663 Other 16,626 - 16,626 Total 100,289 - 100,289 NET INCOME 8,930 - 8,930 RECONCILIATION OF FUNDS Total funds brought forward (53,601) 623 (52,978) TOTAL FUNDS CARRIED FORWARD (44,671) 623 (44,048) |
2020 Total funds £ 50,955 77,050 1 128,006 100,695 21,054 121,749 6,257 (59,235) (52,978) |
|---|---|
The notes form part of these financial statements
Page 4
NEW LIVING MINISTRIES
Balance Sheet 31 March 2021
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 7 12,065 - Cash at bank 9,728 623 21,793 623 CREDITORS Amounts falling due within one year 8 (66,464) - NET CURRENT ASSETS/(LIABILITIES) (44,671) 623 TOTAL ASSETS LESS CURRENT LIABILITIES (44,671) 623 NET ASSETS/(LIABILITIES) (44,671) 623 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 12,065 10,351 22,416 (66,464) (44,048) (44,048) (44,048) (44,671) 623 (44,048) |
2020 Total funds £ 13,852 4,143 17,995 (70,973) (52,978) (52,978) (52,978) (53,601) 623 (52,978) |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
Notes to the Financial Statements for the Year Ended 31 March 2021
NEW LIVING MINISTRIES
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Taxation
The charity is exempt from 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.
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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
NEW LIVING MINISTRIES
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. INVESTMENT INCOME
3.
| Deposit account interest TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries |
2021 £ - 2021 £ 5,640 |
2020 £ 1 |
|---|---|---|
| 2020 £ 5,640 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Average monthly number of employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,955 Charitable activities School 77,050 Investment income 1 Total 128,006 EXPENDITURE ON Charitable activities School 100,695 Other 21,054 Total 121,749 |
2021 6 Restricted fund £ - - - - - - - |
2020 5 Total funds £ 50,955 77,050 1 |
|---|---|---|
| 128,006 100,695 21,054 |
||
| 121,749 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 7
continued...
NEW LIVING MINISTRIES
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ NET INCOME 6,257 - RECONCILIATION OF FUNDS Total funds brought forward (59,858) 623 TOTAL FUNDS CARRIED FORWARD (53,601) 623 6. TANGIBLE FIXED ASSETS COST At 1 April 2020 and 31 March 2021 DEPRECIATION At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Trade debtors 6,986 Other debtors 5,079 12,065 |
Total funds £ 6,257 (59,235) (52,978) Fixtures and fittings £ 16,489 16,489 - - 2020 £ 13,852 - 13,852 |
|---|---|
Page 8
continued...
NEW LIVING MINISTRIES
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ (53,601) 623 (52,978) Incoming resources £ 109,219 109,219 |
2021 2020 £ £ 3,063 5,015 63,401 65,958 66,464 70,973 2021 2020 £ £ 57,559 59,933 Net movement At in funds 31.3.21 £ £ 8,930 (44,671) - 623 8,930 (44,048) Resources Movement expended in funds £ £ (100,289) 8,930 (100,289) 8,930 |
|---|---|---|
Page 9
continued...
NEW LIVING MINISTRIES
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (59,858) | 6,257 | (53,601) | |
| Restricted funds | ||||
| Restricted | 623 | - | 623 | |
| TOTAL FUNDS | (59,235) | 6,257 | (52,978) | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 128,006 | (121,749) | 6,257 | |
| TOTAL FUNDS | 128,006 | (121,749) | 6,257 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (59,858) | 15,187 | (44,671) | |
| Restricted funds | ||||
| Restricted | 623 | - | 623 | |
| TOTAL FUNDS | (59,235) | 15,187 | (44,048) |
Page 10
continued...
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
NEW LIVING MINISTRIES
10. MOVEMENT IN FUNDS - continued
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 TOTAL FUNDS |
Incoming resources £ 237,225 237,225 |
Resources Movement expended in funds £ £ (222,038) 15,187 (222,038) 15,187 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
The charity owes £59,274 (£61,774 - 2020) to Pauline and Adrian Hawkes, who are the parents of two of the trustees of the charity.
Phoenix Community Care Limited owes £400 (£526 - 2020) to the charity. The parties are related as a result of directors/members/trustees having positions within each entity.
12. COVID-19 PANDEMIC
The COVID-19 pandemic started prior to the year end. The Trust operates both a school and church. The church gatherings moved online. The school was thrown into a very different situation having to follow and meet the Department for Education's criteria which changed almost daily. The school was eventually ordered to close with staff and students then attempting to work remotely. The learning was disrupted but the Trust was able to deliver all their commitments to the students.
There has been no significant impact on the finances of the charity and the trustees have considered the balance sheet at the year end and they are of the opinion that no adjustments are required. The accounts have been prepared on a going concern basis because Pauline and Adrian Hawkes have confirmed that they are willing to continue to support the charity for the foreseeable future and will not request repayment of the loan (see note 11) until there are sufficient funds in the charity to do so.
Page 11
NEW LIVING MINISTRIES
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts Gift aid Grants Investment income Deposit account interest Charitable activities School fees Rents received Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Activities Other Trustees' salaries Books and publications Equipment hire Gifts and donations Repairs and maintenance Membership Sundry expenses Training Travel and subsistence |
2021 £ 30,708 4,328 18,807 53,843 - 40,976 14,400 55,376 109,219 53,548 - 1,118 1,349 56,015 5,640 4,598 2,640 1,186 1,621 903 509 - (471) 16,626 |
2020 £ 46,252 4,703 - |
|---|---|---|
| 50,955 1 57,850 19,200 |
||
| 77,050 | ||
| 128,006 57,273 864 1,088 4,443 |
||
| 63,668 5,640 2,774 1,191 756 6,053 776 434 12 3,418 |
||
| 21,054 |
This page does not form part of the statutory financial statements
Page 12
NEW LIVING MINISTRIES
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Support costs Management Insurance Light and heat Telephone Postage and stationery Rent and rates Materials and software Cleaning Finance Bank charges Other Accountancy fees Independent examiner fees Total resources expended Net income |
2021 £ 2,315 2,327 282 1,279 14,666 1,360 1,912 24,141 51 2,016 1,440 3,456 100,289 8,930 |
2020 £ 3,271 3,255 220 1,309 21,695 1,779 2,804 |
|---|---|---|
| 34,333 66 1,428 1,200 |
||
| 2,628 | ||
| 121,749 | ||
| 6,257 |
This page does not form part of the statutory financial statements
Page 13